Better Business Bureau Report for
Virginia Historical Society

Better Business Bureau Report issued August 2014
Better Business Bureau Report expires August 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Virginia Historical Society
Address: 428 North Boulevard
  Richmond, VA 23220
Phone: 804-342-9657
Web Address: http://www.vahistorical.org
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1831, Virginia

Mission: Connecting people to America's past through the unparalleled story of Virginia. By collecting, preserving, and interpreting the Commonwealth's history, we link past with present and inspire future generations.

Back To Top

Evaluation Conclusions

              

Virginia Historical Society (VHS) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

              

The Virginia Historical Society preserves the history of Virginia through library and educational programs, publications, and museum exhibitions.

For the fiscal year ended June 30, 2013, VHS's program expenses were:

  
Programs 4,263,003
Collections 1,769,147
Total Program Expenses: $6,032,150
Back To Top

Governance

              

Chief Executive : Dr. Paul A. Levengood, President & CEO
Compensation*: 

Chair of the Board: Mr. Thomas G. Slater, Jr.
Chair's Profession / Business Affiliation: Hunton & Williams LLP

Board Size: 22

Paid Staff Size: 75

Back To Top

Fund Raising

              

Method(s) Used:

Direct mail, invitations to fund raising events, print advertisements, grant proposals, internet and website appeals, planned giving arrangements, & membership appeals.
Fund raising costs were 8% of related contributions. (Related contributions, which totaled $8,823,559, are donations received as a result of fund raising activities.)
Back To Top

Financial

              

The following information is based on Virginia Historical Society's audited financial statements for the fiscal year ended June 30, 2013.

Source of Funds  
Contributions 7,003,597
Investment return 6,740,111
Annual giving 1,050,144
Grants 530,429
Rental income 304,316
Membership dues 239,389
Fees and admissions 204,677
Publications and merchandise sales 186,755
Other 33,062
Royalties 6,876
Total Income $16,299,356


chart



Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: 9%  Administrative: 15% 

Total income $16,299,356
Program expenses $6,032,150
Fund raising expenses 732,408
Administrative expenses 1,236,213
Total expenses $8,000,771
Income in Excess of Expenses 8,298,585
Beginning net assets 72,099,049
Ending net assets 80,397,634
Total liabilities 5,913,961
Total assets $86,311,595


Back To Top

Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity