Virginia Museum of Fine Arts Foundation
200 N Boulevard
Richmond VA 23220-4007
Mission Statement
The Virginia Museum of Fine Arts is a state agency and a privately endowed educational institution created for the citizens of Virginia. Its purpose is to collect, preserve, exhibit, and interpret the art of world cultures from all periods of history, to encourage the study of the arts, and to enrich lives.
 
The VMFA Foundation exists solely to support the activities of VMFA and to manage assets held in trust.  Support includes transfers to the museum and direct expenditures to further VMFA's mission.
Leadership
CEO/Executive Director Mr. Alex Nyerges
Board Chair H. Hiter Harris III
Board Chair Company Affiliation Community Volunteer
Contact Information
Address 200 N Boulevard
Richmond, VA 232204007
Telephone 804 340-1515
Fax 804 340-1465
E-mail sharayah.cochran@vmfa.museum
History and Background
Year of Incorporation 1976
Financial Summary
 
 
Projected Revenue $32,100,000.00
Projected Expenses $32,100,000.00
Statements
Mission
The Virginia Museum of Fine Arts is a state agency and a privately endowed educational institution created for the citizens of Virginia. Its purpose is to collect, preserve, exhibit, and interpret the art of world cultures from all periods of history, to encourage the study of the arts, and to enrich lives.
 
The VMFA Foundation exists solely to support the activities of VMFA and to manage assets held in trust.  Support includes transfers to the museum and direct expenditures to further VMFA's mission.
Impact
Today, the Virginia Museum of Fine Arts is recognized as one of the top ten comprehensive art museums in the United States. In 2012, more than one million people were served at the museum and throughout Virginia at our 200 statewide partners. VMFA has reached families, teachers, and students across the state through educational programs and exhibitions, and its website has recently been redesigned to allow for easier access and more resources.
Needs
The Commonwealth of Virginia provides only 29% of VMFA's operating revenue. Art and education are at the heart of VMFA's mission, and art education programming, exhibitions, publications, and other projects are funded through support from individuals, foundations, corporations, and government grants. Art aquisitions are made solely through private donations. VMFA's ability to further its mission in art and education is dependent upon private support for its programs. According to VMFA's Strategic Plan, the following rank among the most pressing needs:
Art education program funding
Exhibition funding
Conservation lab equipment
Improvement of public spaces
Technology advancements
Background
The Virginia Museum of Fine Arts was founded in 1934 by Virginia’s General Assembly and opened in 1936. It is overseen by a governor-appointed Board of Trustees. In 2010, an expanded and renovated VMFA opened its new James W. and Frances G. McGlothlin Wing, which doubled the gallery space and increased visitor amenities on a redesigned campus. The expansion project was the most comprehensive in VMFA’s history. The new 165,000-square-foot wing, 3.5-acre sculpture garden, art education center, and renovations to the original building inspired a complete rethinking of the overall collection display and special exhibitions and resulted in the redesign and reinstallation of all major galleries.
 
VMFA is the nation’s oldest statewide art system, serving the greater Richmond area and 200 Virginia arts organizations. The collection of world art consists of 33,000 objects, spans 5,000 years, and is recognized for its cultural diversity, breadth, and aesthetic quality. Collections include the Sydney and Frances Lewis Collections of Late 20th-Century Art and Decorative Arts (one of the most significant holdings of Art Nouveau and Art Deco outside France); the Paul Mellon Collection (British Sporting, French Impressionist, and American art); one of the nation’s foremost collections of South Asian art; Chinese, Japanese, and Korean art; ancient American art; the largest public collection of Fabergé Imperial Eggs outside Russia; the Rita and Jerome Gans collection of English silver (one of the best outside the U. K.); and strong collections of ancient Egyptian, Greek, and Roman art; African, American, and European art.
Areas of Service
Areas Served
Area
Tri-cities Region
Richmond, City
Statewide
The Virginia Museum of Fine Arts reaches the majority of counties across Virginia, including the greater Richmond metropolitan area, including Henrico, Hanover, and Chesterfield counties.
Board Chair
Board Chair H. Hiter Harris III
Company Affiliation Community Volunteer
Term July 2017 to June 2021
Email hharris@harriswilliams.com
Board of Directors
Board Members
NameAffiliation
Karen Cogar Abramson community volunteer
Lynette Alston community volunteer
Martin Barrington Altria Group, Inc.
Anne Battle Community Volunteer
Michael Bisceglia community volunteer
Tyler Bishop community volunteer
Mr. Wayne A. Chasen community volunteer
William Cohen Community volunteer
Cynthia Conner community volunteer
Betty Neal Crutcher community volunteer
Ankit Desai community volunteer
Frances M. Dulaney Community Volunteer
Kenneth Dye community volunteer
Anne Edwards community volunteer
Thomas F. Farrell IIDominion Resources, Inc.
Cynthia Kerr Fralin Interior Designer
Mrs. Carolyn Garner community volunteer
Richard B. Gilliam Cumberland Development Company, LLC
Martha Mednick Glasser community volunteer
Margaret N. Gottwald Community Volunteer
Terrell Luck Harrigan Terrell Luck Interiors
Monroe E. Harris Jr.Virginia Oral & Facial Surgery
Jil W. Harris Community Volunteer
H. Hiter Harris IIIHarris Williams & Co.
Barbara N. Howard Community Volunteer
The Honorable William J. Howell Virginia Speaker of the House
Carolyn Hsu-Balcer SnoPea
Eucharia Jackson community volunteer
Ivan P. Jecklin Weinstein Properties
Charles Johnson community volunteer
Kenneth Johnson community volunteer
Denise Keane community volunteer
Keith R. Kissee KK Seedstock Consultants
James W. Klaus community volunteer
Carol Lascaris Lascaris Design Group
A. John Lucas RBC Wealth Management
John A. Luke Jr.MeadWestvaco
Steven A. Markel Markel Corporation
The Honorable Terence R. McAuliffe State Government
Wycliffe McClure Community Volunteer
Paul S. Monroe Retired
Sara O'Keefe community volunteer
Mr. Stanley J. Olander community volunteer
Richard B. Olson Community Volunteer
Thomas Papa community volunteer
Michele Petersen community volunteer
Richard Ramsey community volunteer
Satya Rangarajan Community Volunteer
J. Sargeant Reynolds Jr.Reynolds Development
Pamela Reynolds community volunteer
William Royall community volunteer
Michael J. Schewel McGuireWoods LLP
Mary Gray Shockey Community Volunteer
Jennifer Sisk community volunteer
David B. Smith DBS Publications
Mr. Vance H. Spilman community volunteer
John Staelin community volunteer
The Honorable Levar Stoney Mayor, City of Richmond
Rupa Tak community volunteer
Mrs. Lilo Simmons Ukrop community volunteer
Edward W. Valentine Harris Williams & Co.
George Webb community volunteer
Ting XU community volunteer
Board Demographics - Ethnicity
African American/Black 3
Asian American/Pacific Islander 3
Caucasian 67
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 49
Female 24
Governance
Board Term Limits 2
Board Meeting Attendance % 65
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Number of Full Board Meetings Annually 4
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Comments

The above board list includes both members of the VMFA Board of Trustees and members of the VMFA Foundation Board of Directors.  Each board consists of 35 members.  Some members serve on both boards.  William A. Royall, Jr. is President of VMFA's Board of Trustees. Benjamin W. Rawles, III is President of the VMFA Foundation Board of Directors.

Executive Director
Executive Director Mr. Alex Nyerges
Senior Staff
NameTitle
Stephen Bonadies Deputy Director Collection & Facility Mngmt
Celeste Fetta Chief Educator
Sadid Hossein Chief Financial Officer
Claudia Keenan Executive Director of VMFA Foundation, Deputy Director for Resources and Visitor Experience
Staff
Full Time Staff 200
Part Time Staff 400
Volunteers 850
Plans
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 5
Date Strategic Plan Adopted May 2015
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Collaborations
•Virginia Commonwealth University Department of Education
• Alzheimer’s Association, Greater Richmond Chapter
• Schools participating in the College Advisory Council: Virginia Commonwealth University, University of Richmond, Virginia State University, John Tyler Community College, J. Sargeant Reynolds Community College, Richard Bland Community College, and Randolph Macon.
• The VMFA Teen Program Coordinator serves as Council Member to the Salvation Army Boys and Girls Club.
• Teen Programs partners with the nationally-based Alliance for Young Artists and Writers, and acts as the Regional Affiliate for the Richmond Region serving seven counties (Museum Leaders in Training; National Scholastic Awards, Virginia Affiliate).
• Exhibition collaborations with Hollins University, Roanoke, and the University of Virginia Art Museum, Charlottesville (VMFA collections & curatorial expertise coupled with University scholarship).
• Statewide 4-H Congress for artist workshops
• The VMFA Studio School is currently collaborating with the Visual Arts Center of Richmond on a Certificate Program for interested students.The VMFA Studio School Certificate Program comprises a core curriculum in the foundations of art, art appreciation, and material specific skills.
• Mary Holland, The Director of the Studio School, coordinates the ONE/OFF Printmakers Group (est.1983): Virginia-based printmakers who represent a wide range of aesthetic concerns. The group has exhibited internationally, nationally, and throughout Virginia including several shows sponsored by VMFA.
• Richmond Educators Collaborative
• Reviewer for New Voices (SPARC Playwright Program for Middle/High School Students)
• VMFA's staff members serve as adjunct faculty in the School of Art History at Virginia Commonwealth University.
External Assessments and Accreditations
Assessment/AccreditationYear
American Association of Museums - 10 Year Accreditation2010
Awards
Awards
Award/RecognitionOrganizationYear
State Art Educator AwardVirginia Art Education Association (VAEA)2009
Art Advocacy AwardCentral Region Virginia Art Education Association (CRVAEA)2010
Travel Attraction of the YearSoutheast Tourism Society2011
Programs
Description

The largest portion of the VMFA educational programming audience, Youth and Family, served over 71,300 children and families 2012-13. Serving over students grades  K–5, VMFA studio, classroom, and gallery experiences are often the only exposure to the visual arts and cultural heritage experienced by students during their elementary school years. 

Youth and Family program examples: 

·  Artsy Infants, Ages 3-12 months

·  Young @ Art, Ages 3-5  

·  Family Days, ages 3-12 with parents or guardians

·  Gallery tours, grades K-12, SOL thematic tours

·  Summer, Weekend and Afterschool art classes, ages 5-12


For information on these programs, please visit our website.
Population Served Children Only (5 - 14 years)
Budget $200,000.00
Short Term Success
Teacher and student evaluations consistently request more programs; on-site classes are filled; requests for statewide school visits outnumber our staff capacities; and the number of school-group-tour requests increases yearly.
Long Term Success The Virginia Museum of Fine Arts strongly believes that developing a child’s artistic creativity results in success with other academic subjects and improves a child’s progress in school and into young adulthood.
Description

Our teen programs reach more than 13,000 students a year through art classes, events and application based programs. Teen programs maintain active partnerships with over 40 Virginia middle and high schools.

Teen program examples:

·  Classes and Workshops

·  Scholastic Art Awards

·  Teen Stylin’, Workshops and Fashion Show

·  M.Lit,  Museum Leader in Training Program for grades 8-12

For information on these programs, please visit our website.
 
Population Served Adolescents Only (13-19 years)
Budget $70,000.00
Short Term Success In FY2011 teens in over 65 zip codes participated in teen events and workshop series. Teen programs’ annual Teen Talent event serves to establish and enhance relationships with diverse art institutions and professionals. Each year at least four new community partners are invited to participate, further enriching VMFA’s connection to the arts movement in Virginia. In the fall of 2010 a distribution listserv was created as a way of continuing to build communication and closer relationships with art educators, art specialists, guidance counselors, and school administrative staff. The original list included over 250 contacts in both public and private schools in metro Richmond and 17 surrounding counties along the I-64 corridor. This distribution list is currently expanding to include educators in the Hampton Roads area. Teen Programs is constantly striving to serve teens from both diverse geographic and socio-economic backgrounds.
Long Term Success
Successful teen programs have positive outcomes for teens, museums, and the commmunity at large. By building teen audiences:
  • Museums expand their impact as community and educational assets and benefit from modern and lively teen audiences
  • Teens benefit from the creative spaces that museums offer, where they can entertain new ideas without school regimens and pressures
  • Cultural institutions provide opportunities for teens to learn applicable job-market skills beyond those learned in the classroom.

Teen programs have resulted in increased college attendance, higher academic performance, decreased risk taking and feelings of greater self worth.

Description
Learning is a life-long process encouraged by VMFA educational programming for college-aged to older adult audience. Over 40,000 people were served during 2012-13 through a variety of ways designed to enhance their understanding of world culture and the visual arts.

Adult program examples:
Art and Art History Classes

·  Film Programs

·  Gallery Programs

·  Presentations by experts in a variety of cultural fields

·  Guided Tours including accessibility programs for visually 
    impaired and individuals with Alzheimer’s and Dementia

·  Internships

For more information on these programs, please visit our website.

Population Served Adults
Budget $65,000.00
Short Term Success VMFA has built a reputation of providing unique art educational experiences that enrich the cognitive, creative, and social development of Virginia’s college students. The museum offers adults the opportunity to grow and learn and thus enhance the local arts community.  Adult programs continue to see attendance growth, positive feedback via surveys and sold out lectures.
Long Term Success

Recognizing that college students represent the future of Virginia’s workforce and are crucial to its economic vitality, VMFA is investing increasingly in programs that engage the higher education and adult community with the museum to foster creative, innovative thinking across the Commonwealth.

Description

VMFA teacher programs, which served more than 2,000 educators across the state in FY 2013, provide professional development experiences and extensive resources for K-12 teachers of every subject area. These innovative programs demonstrate ways to invigorate classroom lessons by integrating art and art history into the daily curriculum. They also offer methods and resources for turning VMFA’s galleries into every teacher’s off-site classroom.

Educator program examples:

·  Summer Institute for Teachers

·  VMFA Resource Workshops

·  Teacher workshops, includes SOL based resource materials developed to
    highlight the VMFA collection and exhibitions

For more information on these programs, please visit our website

Population Served Adults
Budget $30,000.00
Short Term Success  In fiscal year 2010-2011 (FY11)—the first full year following the Grand Reopening in May 2010—Teacher Programs served 2,758 teachers, a 25% increase over the previous year. As of the end of January in fiscal year 2011-2012 (FY12), Teacher Programs have served 1,471 teachers, an increase of 40 over the same interval for FY11.
Long Term Success VMFA Teacher Programs are consistently successful and greatly valued by the teachers who benefit from them. These SOL-based programs model ways in which VMFA’s collection can be used to enhance classroom curricula in every subject and grade level.
Description

VMFA Statewide

Thousands of Virginians from kindergartners to seniors are reached each year in their communities by VMFA Statewide Programs. Lectures, artist workshops, and statewide exhibitions bring VMFA to partner organizations throughout the year, serving more than 619,600 Virginians 2012-2013.

Statewide program and support examples:

·  Resources and programs that support the Standards of Learning for
   Virginia Public School objectives
·  Educator workshops, including assistance to educators in developing 
   strategies for incorporating the art of world cultures into classroom
   curriculums
·  Artist workshops, speakers and educators to speak at various community  
   events
·  Media resources focusing on a variety of art-related topics and covering
   global cultures and civilizations

· Specialized consultations and technical assistance to partner facilities

· Exhibitions to partner institutions

·  VMFA Fellowships

For more information on these programs, please visit our website

Population Served Children and Youth (0 - 19 years)
Budget $290,000.00
Short Term Success VMFA Statewide Outreach Programs continue to reach families, adults, students and individuals in the community who may face great financial challenges and often miss the opportunity to experience art education and exhibitions. Second only to the Smithsonian Institution in its outreach, VMFA offered 18 different statewide exhibitions and 1,440 educational programs and resources July 2010 – June 2011. As a result, more than half a million Virginians (546,049) participated in unique arts programming in their own communities.This exciting 103% increase from last year's population served included new initiatives including VMFA exhibitions at the Richmond International Airport, college outreach, and targeted K-5 classroom visits.
Long Term Success
With over 75 years of service, the VMFA statewide network has seen a steady increase in access to traveling exhibitions and valuable educational resources for the growing 200 statewide partners including museums, art centers, K-12 schools, colleges, universities, libraries, community centers, and hospitals across the Commonwealth. With increased electronic capacities and improved data management systems, VMFA expects to increase the number of individuals served with future online-distance learning programs and other virtual tools.
CEO/ED/Board Comments
The Virginia Museum of Fine Arts has a wide array of programs serving individuals of all ages throughout the Commonwealth.  Please refer to our Impact Statement and our website at www.vmfa.museum for information about additional programs.
Fiscal Year
Projected Revenue $32,100,000.00
Projected Expenses $32,100,000.00
Endowment Value $252,000,000.00
Spending Policy Percentage
Percentage (if selected) 4
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$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$10,458,044$9,177,906$11,928,203
------
----$52,470
Investment Income, Net of Losses$2,741,177$36,182,988$27,281,667
Membership Dues------
Special Events------
Revenue In-Kind----$163,267
Other$861,419$51,673--
Expense Allocation
Fiscal Year201520142013
Program Expense$16,871,003$15,877,038$14,261,603
Administration Expense$2,280,871$2,249,824$1,364,429
Fundraising Expense$1,008,859$1,056,331$1,055,841
Payments to Affiliates------
Total Revenue/Total Expenses0.702.372.36
Program Expense/Total Expenses84%83%85%
Fundraising Expense/Contributed Revenue10%12%9%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$278,743,348$284,810,118$258,667,555
Current Assets$11,670,912$13,027,116$6,660,957
Long-Term Liabilities$40,131,000$40,131,000$40,000,000
Current Liabilities$5,674,815$5,641,492$5,859,303
Total Net Assets$232,937,533$239,037,626$212,808,252
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities2.062.311.14
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets14%14%15%
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView
Comments
Organization Comments
The VMFA Foundation exists solely to support the activities of VMFA and to manage assets held in trust.  Support includes transfers to the museum and direct expenditures to further VMFA's mission.  Financials reflect the museum's projected revenue and expenses.  The Revenue and Expense Totals Charts reflect the foundation's revenues and expenses in support of VMFA.
Foundation Comments
  • Financial information provided from audited financial statements. 
  • Audited financial statements and IRS 990s prepared by Dixon Hughes Goodman, LLP/Goodman & Company.
  • Audited financial statements represent the combined financial position of the Virginia Museum of Fine Arts Foundation and the Virginia Museum Real Estate Foundation, collectively known as the Foundation.
  • IRS Form 990s represent the financial position of only the Virginia Museum of Fine Arts Foundation.
  • Revenue from "Individuals" may also include support from Government, Memberships, Special Events, Foundations and Corporations.