Venture Richmond, Inc.
200 S. 3rd Street
Richmond VA 23219
Mission Statement
Venture Richmond engages business and community leaders in partnering with the City of Richmond, VA to enhance the vitality of the community, particularly Downtown, through economic development, marketing, promotion, advocacy and events.

Venture Richmond is leading the RVA Creates identity/branding initiative, working in partnership with the City, The Martin Agency, the VCU Brandcenter, J H I, Elevation, West Cary Group, The Hodges Partnership and the community. The RVA identity has been embraced by the community and reflects the pride Richmonders have in their community. 

Leadership
CEO/Executive Director Mr. Jack Berry
Board Chair Mrs. Jacqueline McClenney
Board Chair Company Affiliation McClenney Wallace, PC
Contact Information
Address 200 S. 3rd Street
Richmond, VA 23219
Telephone 804 788-6466
Fax 804 788-6477
E-mail contactus@venturerichmond.com
History and Background
Year of Incorporation 1982
Financial Summary
Revenue vs Expense Bar Graph - All Years
Expense Breakdown Bar Chart - All Years
 
 
Projected Revenue $7,043,000.00
Projected Expenses $7,185,000.00
Additional Documents
Board Roster2014View
Statements
Mission
Venture Richmond engages business and community leaders in partnering with the City of Richmond, VA to enhance the vitality of the community, particularly Downtown, through economic development, marketing, promotion, advocacy and events.

Venture Richmond is leading the RVA Creates identity/branding initiative, working in partnership with the City, The Martin Agency, the VCU Brandcenter, J H I, Elevation, West Cary Group, The Hodges Partnership and the community. The RVA identity has been embraced by the community and reflects the pride Richmonders have in their community. 

Impact
Accomplishments:  
  1. Produce community events bringing more than 400,000 people to the City of Richmond
  2. Maintain sidewalk and street cleaning for the City, along with providing Downtown Ambassadors, both through the Clean and Safe Program
  3. Provide downtown beautification via a landscaping project along the Broad Street portion of the Downtown Arts District, partnering with Capital One and Lewis Ginter Botanical Garden.
  4. Serve as the leader for RVA Creates, the effort to bring greater pride and awareness to all Richmonders about the creative effort in RVA -- including the RVA "bumperstickers."  200,000+ have been distributed around the region, free of charge.
  5. Operate the Historic Riverfront Canal Cruises, bringing thousands of visitors to downtown each year.
  6. Provide management and maintenance for the Canal Walk and Brown's Island along the James River.
  7. Provide marketing for downtown including television and print advertising and maintenance of the downtown banner program.

 

 

 
Needs
Venture Richmond's needs are related to contributions for operating expenses, sponsors for events and volunteers for events and engagement.
Background
Venture Richmond is the organization resulting from the merger of four downtown organizations: CityCelebrations, Riverfront Development Corporation, Richmond Renaissance, and River District Alliance.  The boards of the four organizations merged the previous entities to become more efficient and effective.
Areas of Service
Areas Served
Area
Metro Richmond
Board Chair
Board Chair Mrs. Jacqueline McClenney
Company Affiliation McClenney Wallace, PC
Term Feb 2012 to Feb 2017
Email jmcclenney@mcclenneywallace.com
Board of Directors
Board Members
NameAffiliation
Mr. Farhad Aghdami Williams Mullen
Ken Ampy Astyra Corp.
Edward L. Ayers University of Richmond
John W. Bates IIIMcGuire Woods, LLP
Mr. William Beale Union First Market Bank
Peter Bernard Bon Secours Richmond Health System
Thomas Brown Rutherford
Mr. Stacy Burrs Capacity Development
Mr. Peter Chapman City of Richmond
Ms. Sharon Dabney-Wooldridge The Klean Kare Team
Tim Davey The Timmons Group
Nico de Leon NXL
Mary Doswell Dominion
Mr. Moses Foster West Cary Group
Mr. B. Keith Fulton Verizon
Mr. Stephen Gannon Capital One
Gary Gore Bank of America
Thomas E. Gottwald NewMarket Corp.
Mr. Adam Harrell Harrell & Chambliss
Bruce R. Hazelgrove NewMarket Corp.
Mr. Devon Henry Team Henry Enterprises
C.T. Hill SunTrust Bank
Brian K. Jackson Ukrop's
Darius A. Johnson Consolidated Bank & Trust Co.
Kenneth S. Johnson Johnson, Inc.
Dwight C. Jones Mayor, City of Richmond
C. Burke King Anthem Blue Cross Blue Shield
Jeffrey M. Lacker Federal Reserve Bank of Richmond
Michael Laming Genworth Financial
Charles Macfarlane Macfarlane Partners
Mr. Sal Mancuso Altria
Jacqueline McClennry McClenney-Wallace,PC
Mark R. Mehrige Mark Merhige Real Estate Brokerage & Dev.
John Molster Scott & Stringfellow
Mr. Jay Moore Hunton & Williams
Harold Parker Jr.Old Dominion Electrical Supply
Dr. Claude G. Perkins Virginia Union University
Dr. Michael Rao Virginia Commonwealth University
Dr. Gary L. Rhodes J. Sargeant Reynolds Community College
Ellen Robertson Richmond City Council
Dr. Pamela Royal Royal Dermatology & Aesthetic
Mr. Charles Samuels City of Richmond
Lisa Schaffner United Network for Organ Sharing
Linda Schreiner MWV
Mr. Thomas Silvestri Richmond Times Disptach
Oliver Singleton Metropolitan Business League
Jacquelyn E. Stone McGuire Woods, LLP
Andrew Thornton LaDifference
Dr. Eugene Trani Virginia Commonwealth University
James E. Ukrop First Market Bank
Mr. Mark VanSumeren Owens & Minor
Mrs. Marilyn West M. H. West & Associates
Matt Williams The Martin Agency
Mr. Robert W Woltz JrRetired
Michel Zajur Viginia Hispanic Chamber of Commerce
Board Demographics - Ethnicity
African American/Black 19
Asian American/Pacific Islander 2
Caucasian 34
Hispanic/Latino 2
Native American/American Indian 0
Board Demographics - Gender
Male 45
Female 12
Governance
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 9
Standing Committees
Executive
Finance
Marketing
Nominating
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Comments
MsMThe list included here, and the demographic information, pertains to the 57-member executive committee, which meets monthly.  However, the percentage of individual contributors is based upon our full board of 92 members.  The board meets twice per year.  Many of our board members/executive committee members, are from the non-profit, political, academic areas and are not necessarily expected to make contributions.  Likewise, many of our members are from corporations whose contributions do support the organization.
Executive Director
Executive Director Mr. Jack Berry
Senior Staff
NameTitle
Mrs. Lisa W. Sims Deputy Director
Mr. James L. Watkins Deputy Executive Director
Plans
Organization has a Strategic Plan?
Whistleblower Policy Yes
Directors and Officers Insurance Policy Yes
Programs
Description
Fiscal Year
Projected Revenue $7,043,000.00
Projected Expenses $7,185,000.00
Endowment Value $0.00
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
------
Government Contributions$1,190,000$1,190,900$1,190,248
Federal------
State------
Local$1,190,000$1,190,900$1,190,248
Unspecified------
Individual Contributions$501,220$721,096$578,230
------
$4,113,116$3,769,772$4,089,441
Investment Income, Net of Losses$599$856$1,238
Membership Dues------
Special Events------
Revenue In-Kind------
Other------
Expense Allocation
Fiscal Year201520142013
Program Expense$5,403,092$5,038,296$6,335,968
Administration Expense$493,243$395,591$480,002
Fundraising Expense$52,244$51,502$50,248
Payments to Affiliates------
Total Revenue/Total Expenses0.981.040.85
Program Expense/Total Expenses91%92%92%
Fundraising Expense/Contributed Revenue3%3%3%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$5,976,689$6,180,625$6,099,432
Current Assets$2,650,255$2,709,574$3,082,547
Long-Term Liabilities$0----
Current Liabilities$57,529$117,821$233,863
Total Net Assets$5,919,160$6,062,804$5,865,569
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities46.0723.0013.18
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit 5/2014View
Comments
Organization Comments 2012 results included a $3.6 million gift of land from NewMarket Corporation that Venture Richmond plans to develop into an amphitheater venue for the Richmond Folk Festival. Funds will need to be raised to improve this riverfront property for public use.  The 2012 results also included a gift of canal boats at a value of $300,000
Foundation Comments
  • Form 990 and audit prepared by Elliott Davis, LLC, PLLC
  • Financial information provided by audit