Montpelier Foundation
P.O. Box 911
Orange VA 22960
Mission Statement Montpelier embraces its unique identity as a monument to James Madison, a museum of American history, and a center for constitutional education that engages the public with the enduring legacy of Madison's most powerful idea: government by the people. As the lifelong home of James Madison, Father of the Constitution and Architect of the Bill of Rights, Montpelier's mission is to communicate Madison's role in creating our modern, democratic government. 
Leadership
CEO/Executive Director Ms. Kat Imhoff
Board Chair Ms. Nancy N. Campbell
Board Chair Company Affiliation National Trust for Historic Preservation
Contact Information
Address P.O. Box 911
Orange, VA 22960
Telephone 540 672-2728
Fax 540 672-2728
E-mail klcostello@montpelier.org
History and Background
Year of Incorporation 1998
Financial Summary
Revenue vs Expense Bar Graph - All Years
Expense Breakdown Bar Chart - All Years
 
 
Projected Revenue $10,784,000.00
Projected Expenses $10,800,000.00
Statements
Mission Montpelier embraces its unique identity as a monument to James Madison, a museum of American history, and a center for constitutional education that engages the public with the enduring legacy of Madison's most powerful idea: government by the people. As the lifelong home of James Madison, Father of the Constitution and Architect of the Bill of Rights, Montpelier's mission is to communicate Madison's role in creating our modern, democratic government. 
Impact

A Place of National Prominence

  • Montpelier interprets for the public: James and Dolley Madison's political impact during the Early Republic, the intellectual, social, and historical relevance of the U.S. Constitution; and the history of Montpelier's enslaved community and its descendants' struggle for freedom and equal rights from the Founding Era to the present. Montpelier is committed to telling an inclusive and accurate story of the Founding Era. 
A National Historic Landmark in the Virginia Piedmont
  • As a 2,650-acre national landmark located in a nationally-recognized historic region in the Virginia Piedmont, Montpelier is committed to exemplary stewardship of its natural and built environment, conservation of its biological diversity, preservation of its architectural history, an exploration of its archeological resources. Montpelier is administered by the Montpelier Foundation and owned by the National Trust for Historic Preservation.
A Leading Center for Constitutional Education
  • Montpelier's Robert H. Smith Center for the Constitution is created on the Madisonian principle that the success of a democratic society relies on an engaged and educated public. The purpose of the Center is to create innovative programs and experiences that inspire civic engagement.  
Needs The Montpelier Foundation seeks funding to support its efforts to inspire continuing public engagement with American constitutional self-government by bringing to life the home and contributions of James and Dolley Madison. 
Background

The Montpelier Foundation, an independent non-profit 501(c)(3) organization, was established in 1998 to manage Montpelier, James Madison’s lifelong home, located in Orange, Va. Settled in the 1720s by James Madison’s grandfather, Montpelier was home to three generations of Madisons, serving as James Madison’s home until his death in 1836. Beginning with its sale by the widowed Dolley Madison in 1844, the property passed through several private owners before it was transferred in 1984 to the National Trust for Historic Preservation, which opened it to the public in 1987. The Foundation assumed full administrative and fiscal responsibility for the 2,650-acre site in 2000.

Montpelier welcomed nearly 125,000 visitors in 2012. Visitors and program attendees include local, regional, national, and international audiences that include seasonal travelers, community residents, professionals, senior citizens, adults, and children. Montpelier’s home and grounds are a powerful setting in which to introduce visitors to key concepts of the Constitution and its relevance for modern life, as well as to celebrate the life, character, and enduring achievements of the Madisons. Of Montpelier’s 2,650 acres, approximately 200 acres comprise the historic core, which includes the Madison home, active archaeological excavations, the Madison family and slave cemeteries, and a formal garden. Additional features include the James Madison Landmark Forest (an adjoining old-growth forest with more than two miles of walking trails), a restored freedman’s home built by former Montpelier slaves, a 1910 train depot that features a self-guided exhibit about segregation, and a walking trail through a Confederate Army encampment site.  In addition, the Foundation established the Robert H. Smith Center for the Constitution in 2002 as a non-partisan educational institution that teaches constitutional principles and theory (e.g., self-government, individual rights, popular sovereignty, rule of law, separation of church and state, federalism). In 2017, the Foundation opened the Mere Distinction of Colour exhibition. The exhibit uses slavery to connect the past to the present through the lens of the Constitution, and honestly examines the paradox that is America's founding era.

Areas of Service
Areas Served
Area
International
National
Statewide
Montpelier serves local, national, and international audiences.
Board Chair
Board Chair Ms. Nancy N. Campbell
Company Affiliation National Trust for Historic Preservation
Term Oct 2014 to Nov 2018
Email ewessel@montpelier.org
Board of Directors
Board Members
NameAffiliation
Mr. John B. Adams The Martin Agency
Mr. François L. Baird Baird's CMC
Mr. Arthur H. Bryant Jr.Virginia National Bank
Ms. Nancy N. Campbell Former President, National Trust for Historic Preservation Board of Trustees
Dr. Dennis M. Campbell Retired
Ms. Patricia Crowe Artist
Mr. David T. Dreier Former Congressman
Mr. Paul Edmondson National Trust for Historic Preservation
Mrs. Florence Bryan Fowlkes Community Volunteer
Mrs. Linda C Gibson Blue Run Farm
Dr. Eugene W. Hickok Retired Deputy Secretary of Education
Ms. Kat Imhoff The Montpelier Foundation
Ms. Margaret H. Jordan Dallas Medical Resource
Mr. Dennis A. Kernahan Retired Executive
Mr. Robert A. Leath Old Salem Museums & Gardens
Mr. Stephen T. McLean McLean Faulconer Real Estate
Mr. Leigh B. Middleditch Jr.McGuireWoods
Dr. Sean T. O'Brien The Montpelier Foundation
Mr. Frank Qiu Evergreen Enterprises
Professor Jack N. Rakove Stanford University
Mrs. Gail Serfaty Former Director, Diplomatic Rooms, State Department
Professor Alan Taylor University of Virginia
Ms. Stacey Zolt Hara Edelman
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 1
Caucasian 21
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 15
Female 8
Governance
Board Term Lengths 4
Board Term Limits 3
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 91
Number of Full Board Meetings Annually 2
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Ms. Kat Imhoff
Co-CEO
Co-CEO Dr. Sean T. O'Brien
Term Start May 2011
Email stobrien@montpelier.org
Plans
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 3
Date Strategic Plan Adopted May 2016
Whistleblower Policy Yes
Programs
Description
Fiscal Year
Projected Revenue $10,784,000.00
Projected Expenses $10,800,000.00
Endowment Value $20,053,915.00
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 Year201620152014
Foundation and
Corporation Contributions
$527,391$462,124--
Government Contributions$459,382$161,366$0
Federal------
State$459,382----
Local------
Unspecified--$161,366--
Individual Contributions$6,427,580$18,249,941$1,212,081
------
$1,083,804$1,010,073$409,241
Investment Income, Net of Losses($183,653)($160,934)$684,288
Membership Dues------
Special Events($389,114)($296,060)($91,702)
Revenue In-Kind$579,399$121,548--
Other$518,617$688,103$242,302
Expense Allocation
Fiscal Year201620152014
Program Expense$7,183,369$7,091,322$2,944,522
Administration Expense$1,047,602$930,790$392,466
Fundraising Expense$1,345,588$1,291,838$541,229
Payments to Affiliates------
Total Revenue/Total Expenses0.942.170.63
Program Expense/Total Expenses75%76%76%
Fundraising Expense/Contributed Revenue19%7%48%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$42,735,825$43,197,946$32,020,928
Current Assets$3,785,690$5,737,407$3,180,886
Long-Term Liabilities$9,251,518$9,308,503$9,264,317
Current Liabilities$1,311,933$1,163,916$953,295
Total Net Assets$32,172,374$32,725,527$21,803,316
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities2.894.933.34
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets22%22%29%
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit 11/2017View
Comments
Foundation Comments
  • Financial analysis for 2014 is representative of the time period form January 1, 2014 - June 30, 2014.  The organization transitioned from a calendar to mid-year FYE.
  • Form 990 and audit prepared by Hantzmon Wiebel, LLP, CPA
  • Audit represents the combined financial position of the Montpelier Foundation and its affiliate, the Montpelier Steeplechase and Equestrian Foundation
  • Form 990 represents solely the Montpelier Foundation