Maymont Foundation in Richmond, Virginia (VA)

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Maymont Foundation
Employer Identification Number (EIN)546039788
Name of OrganizationMaymont Foundation
Address1700 Hampton St, Richmond, VA 23220-6819
ActivitiesPreservation of natural resources (conservation), Other school related activities
SubsectionEducational Organization
Ruling Date06/1959
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$34,846,913
Amount of Income$6,664,576
Form 990 Revenue Amount$6,339,699
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities:


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Amount of income in 2014: $6,664,576 (it was $10,090,244 in 2013)
This organization: 

 $6,664,576
Other organizations performing similar types of work: 

 $168,548

Assets in 2014: $34,846,913 (it was $31,563,646 in 2013)
Maymont Foundation: 

 $34,846,913
Other organizations performing similar types of work: 

 $659,643

Expenses in 2014: $4,741,237
This organization: 

 $4,741,237
Other organizations performing similar types of work: 

 $121,005

Income to expenses ratio in 2014: 1.4
This organization: 

 1.4
Other organizations performing similar types of work: 

 1.4

Number of employees in 2014: 126
Maymont Foundation: 

 126
Other organizations performing similar types of work: 

 4

Employees paid over $100,000 in 2014: 0.8%
Maymont Foundation: 

 0.8%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 73.6%
This organization: 

 73.6%
Other organizations performing similar types of work: 

 50.1%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?YesYesYes
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesYesNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoYes
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096424341
The number of Forms W-2G0430
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return110113126
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesNoNoYes
Has it filed a Form 990-T for this year?NoNoYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$125,121$0$0
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$6,401$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization111
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$8,038,004$6,280,969$10,090,244$6,339,699
Contributions, Gifts, Grants and Other Similar Amounts$6,786,746$4,829,481$8,664,986$4,667,997
Program Service Revenue$303,975$335,042$516,819$541,929
Nature Parks and Other Similar Institutions$192,021$179,204$171,664
Museums $42,868$114,060$128,987
900099$25,758$104,871$125,269
Zoos and Botanical Gardens $15,766$69,738$71,982
712160$12,472$32,327$32,176
All other program service revenue$46,157$16,619$11,851
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$95,012$238,997$221,003$174,707
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$254,730$287,537$236,567$269,504
Gross rents (Real / Personal)$271,211 / $0$342,367 / $0$274,583 / $0$325,636 / $0
Less: rental expenses (Real / Personal)$16,481 / $0$54,830 / $0$38,016 / $0$56,132 / $0
Rental income or (loss) (Real / Personal)$254,730 / $0$287,537 / $0$236,567 / $0$269,504 / $0
Net gain/loss from sales of assets other than inventory$541,669$571,163$416,109$663,004
Gross amount from sales of assets other than inventory (Securities / Other)$541,028 / $1,275$571,578 / $3,185$415,625 / $2,650$663,351 / $500
Less: cost or other basis and sales expenses (Securities / Other)$0 / $604$0 / $3,600$0 / $2,166$0 / $847
Gain or (loss) (Securities / Other)$541,028 / $671$571,578 / $-415$415,625 / $484$663,351 / $-347
Net income/loss from fundraising events$15,129$-40,897$-18,348$-32,145
Gross income from fundraising events$243,556$184,226$188,457$195,636
Less: direct expenses$228,427$225,123$206,805$227,781
Net income/loss from gaming activities$11,563$2,859$12,300$18,062
Gross income from gaming activities$16,044$15,325$19,970$22,245
Less: direct expenses$4,481$12,466$7,670$4,183
Net income/loss from sales of inventory$12,756$25,047$22,814$18,178
Gross sales of inventory, less returns and allowances$25,886$60,506$54,508$54,112
Less: cost of goods sold$13,130$35,459$31,694$35,934
Miscellaneous Revenue$16,394$31,740$17,994$18,463
900099$13,812$12,673$13,352
900099$11,446$5,321$5,111
All other revenue$9,890$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$4,023,381$4,471,702$4,742,148$4,741,237
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$149,135$154,106
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$1,954,524$2,115,749$2,048,190$2,046,988
Pension plan accruals and contributions$26,786$26,315$23,860
Other employee benefits$200,975$225,789$202,358
Payroll taxes$150,375$167,691$171,948$162,756
Fees for services (non-employees)
Management$0$0$0
Legal$0$6,047$83
Accounting$33,118$32,804$33,332
Lobbying$0$0$0
Professional fundraising services$5,000$45,500$12,888$0
Investment management fees$120,591$162,470$208,681
Other$187,788$225,114$363,956
Advertising and promotion$28,058$62,752$56,681
Office expenses$202,561$195,074$189,732
Information technology$29,775$66,231$31,527
Royalties$0$0$0
Occupancy$361,657$363,185$348,068
Travel$52,002$46,452$47,750
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$68,730$60,855$24,734
Interest$58$39$19
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$748,310$713,089$756,606
Insurance$48,482$52,598$54,102
Other expenses$18,357$110,876$24,898
Other expenses$10,525$9,230$4,441
Other expenses$4,570$5,485$3,885
Other expenses$0$-4,418$2,674
Balance Sheet
2011201220132014
Total assets$23,763,813$25,167,836$31,563,646$34,846,913
Cash - non-interest-bearing$355,412$305,883$488,409
Savings and temporary cash investments$1,414,787$990,782$2,512,976
Pledges and grants receivable, net$761,406$5,463,350$5,493,918
Accounts receivable, net$13,848$5,944$10,021
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$13,549$10,926$10,603
Prepaid expenses and deferred charges$21,216$53,092$82,937
Land, buildings, and equipment: cost or other basis$9,479,706$10,145,953$9,767,634
Investments - publicly traded securities$0$0$0
Investments - other securities$12,876,621$14,353,587$16,226,618
Investments - program-related$0$0$0
Intangible assets$0$0$8,520
Other assets$231,291$234,129$245,277
Total liabilities$509,466$534,825$592,389$700,660
Accounts payable and accrued expenses$268,407$263,404$358,782
Grants payable$0$0$0
Deferred revenue$108,777$175,208$174,280
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$157,641$153,777$167,598
Total net assets or fund balances$23,254,347$24,633,011$30,971,257$34,146,253
Unrestricted net assets$10,377,180$11,135,232$11,123,564
Temporarily restricted net assets$5,051,663$10,090,857$12,746,521
Permanently restricted net assets$9,204,168$9,745,168$10,276,168
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$23,548,397
Subtotal Support$23,548,397
Gifts, grants, contributions, and membership fees received$23,548,397
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$25,892,490
Public Support$23,548,397
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,235,733
Net income from unrelated business activities, whether or not the business is regularly carried on$11,048
Other income. Do not include gain or loss from the sale of capital assets$97,312
Gross receipts from related activities, etc.$1,666,846
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$0$0$0
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$0
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The George Washington Foundation1201 Washington Ave, Fredericksbrg, VA 22401-3747VA1931-12$2,980,617
2Stone House FoundationPO BOX 143, Stephens City, VA 22655-0143VA2002-02$915,453
3Society Of The Cincinnati In The State Of Virginia5108 Harlan Cir, Richmond, VA 23226-1637VA1937-05$821,097
4Waterford Foundation IncPO BOX 142, Waterford, VA 20197-0142VA1944-09$753,262
5Southern Memorial Association401 Taylor St, Lynchburg, VA 24501-1245VA1995-06$288,336
6Islesford Historical Society3508 Wilson St, Fairfax, VA 22030VA1991-11$2,223
724th Virginia Volunteer Infantry Regiment6919 La Marre Drive, Roanoke, VA 24019VA1991-08$0
8Appalachian Railroad Heritage Partnership303 Norfolk Ave Sw, Roanoke, VA 24016-3620VA1995-01$0
9Burying Ground Preservation Society Of VirginiaPO BOX 920, Richmond, VA 23218-0920VA1998-07$0
10Citizens For Downtown130 Ott Street, Harrisonburg, VA 22801VA1992-01$0
11Dinwiddie Library FoundationPo Box 128, Dinwiddie, VA 23841VA1991-06$0
12Friends Of Brentsville Courthouse Historic CentrePO BOX 732, Bristow, VA 20136-0732VA1997-09$0
13Graham Historical Society IncorporatedPO BOX 715, Bluefield, VA 24605-0715VA1994-02$0
14Historic Richmond Theatre Foundation4 East Main Street, Richmond, VA 23219VA1990-07$0
15Lady Astor Preservation Foundation, Langhorne HousePo Box 3518, Danville, VA 24543VA1988-12$0
16Mclean Historical Society Inc1234 Ingleside Avenue, Mclean, VA 22101VA1991-11$0
17Monitor-Merrimac Memorial Foundation218 Florida Ave, Portsmouth, VA 23707-1617VA1990-12$0
18Mortar & Pestle Society105-107 S Fairfax Street, Alexandria, VA 22314VA1936-03$0
19Parks And History Association IncPO BOX 11171, Burke, VA 22009-1171VA1968-08$0
20Ringgold Historical Foundation1385 Ringgold Rd, Ringgold, VA 24586-3929VA1992-03$0
Number of organizations performing similar types of work
Alaska7
Alabama21
Arkansas16
Arizona15
California124
Colorado24
Connecticut31
District of Columbia14
Delaware5
Florida52
Georgia42
Hawaii10
Iowa23
Idaho2
Illinois54
Indiana44
Kansas26
Kentucky26
Louisiana17
Massachusetts73
Maryland45
Maine27
Michigan38
Minnesota41
Missouri43
Mississippi12
Montana6
North Carolina48
North Dakota6
Nebraska13
New Hampshire13
New Jersey52
New Mexico5
Nevada1
New York145
Ohio65
Oklahoma15
Oregon30
Pennsylvania112
Rhode Island18
South Carolina13
South Dakota6
Tennessee27
Texas60
Utah7
Virginia63
Vermont12
Washington31
Wisconsin29
West Virginia16
Wyoming5
Total1,630

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