NonprofitsVenture Richmond Inc

Community Improvement & Capacity Building

Venture Richmond Inc

RICHMOND, VA

Total revenue

$8.6M

Total expenses

$7.9M

Net assets

$8.6M

Grants received

$1.5M

50 grants

EIN

521256458

Tax year

2024

Mission

Provide resources to promote downtown richmond, virginia

Programs

2 programs

Richmond folk festival - oversee, plan, produce, market & sponsorship of richmond folk festival event in downtown richmond as well as the folk feast. Included in revenue is support from the service districts of $200,000. In addition to the above revenue, the program received a grant from the city arts & culture of $167,000 and contributions of $15,080.

Expenses: $2.0M

Venture richmond manages and maintains the riverfront in accordance with contracts with the city of richmond; operating riverfront canal cruises and maintaining the canal walk, brown's island, and belle isle parking lot. Manages programs and projects for the riverfront special service and assessment districts in accordance with contracts with the city of richmond. In addition to the revenue above, the program received a $200,000 municipal grant provided by the city of richmond. Venture richmond, in partnership with the city of richmond, has plans to transform brown's island into a world class riverfront park with restrooms, potable water, ada accessibility and so much more. The $30 million project is being funded as 50/50 public private partnership between the city of richmond and the private sector. Venture richmond is leading the private sector fundraising that began in 2024.

Expenses: $1.2M

Financials

FY 2024

Revenue

Contributions & grants$3.3M
Program service revenue$5.2M
Investment income$81K
Other revenue
Total revenue$8.6M

Expenses

Grants paid
Salaries & benefits$1.9M
Fundraising$368K
Other expenses$6.0M
Total expenses$7.9M
Total assets$8.8M
Net assets$8.6M

People

50 listed

NameRoleCompensation

LISA SIMS

PRESIDENT & CEO

Board

$248K

40 hrs/wk

BRIAN JACKSON

GENERAL COUNSEL

Board

5 hrs/wk

MAKOLA ABDULLAH

DIRECTOR

Board

2 hrs/wk

CHRIS ACCASHIAN

DIRECTOR

Board

2 hrs/wk

NEIL AMIN

DIRECTOR

Board

2 hrs/wk

SHERRIE ARMSTRONG

DIRECTOR

Board

2 hrs/wk

JOHN BAKER

DIRECTOR

Board

2 hrs/wk

EDWARD H BAINE

DIRECTOR

Board

2 hrs/wk

BECKY BAREFORD

DIRECTOR

Board

2 hrs/wk

VICTOR BRANCH

DIRECTOR

Board

2 hrs/wk

CHANDRA BRIGGMAN

DIRECTOR

Board

2 hrs/wk

JOHN BUCKBEE

DIRECTOR

Board

2 hrs/wk

GERALD BURR

DIRECTOR

Board

2 hrs/wk

KELLY CHOPUS

DIRECTOR

Board

2 hrs/wk

PAT COLLINS

DIRECTOR

Board

2 hrs/wk

SHARON DABNEY-WOOLDRIDGE

DIRECTOR

Board

2 hrs/wk

CHRISTINE G DANIELS

DIRECTOR

Board

2 hrs/wk

BEN DESSART

DIRECTOR

Board

2 hrs/wk

SUSAN DEWEY

DIRECTOR

Board

2 hrs/wk

MOSES FOSTER

DIRECTOR

Board

2 hrs/wk

LEWANDA SIMS-GALLIMORE

DIRECTOR

Board

2 hrs/wk

THOMAS GAYNER

DIRECTOR

Board

2 hrs/wk

DOUGLAS GRANGER

DIRECTOR

Board

2 hrs/wk

RICK GERGORY

DIRECTOR

Board

2 hrs/wk

KYM GRINNAGE

DIRECTOR

Board

2 hrs/wk

KEVIN HALLOCK

DIRECTOR

Board

2 hrs/wk

MONROE E HARRIS JR DMD

DIRECTOR

Board

2 hrs/wk

MICHAEL HENLEY

DIRECTOR

Board

2 hrs/wk

CONNIE HOM

DIRECTOR

Board

2 hrs/wk

CHRIS JOHNSON

DIRECTOR

Board

2 hrs/wk

LESTER JOHNSON

DIRECTOR

Board

2 hrs/wk

ROB JONES

DIRECTOR

Board

2 hrs/wk

JASON KAMRAS

DIRECTOR

Board

2 hrs/wk

HAKIM LUCAS

DIRECTOR

Board

2 hrs/wk

CHARLES MACFARLANE

DIRECTOR

Board

2 hrs/wk

MICHAEL MANSON

DIRECTOR

Board

2 hrs/wk

FLOYD MILLER

DIRECTOR

Board

2 hrs/wk

KRISTEN NYE

DIRECTOR

Board

2 hrs/wk

SHAWN O'BRIEN

DIRECTOR

Board

2 hrs/wk

LESLIE PARPART

DIRECTOR

Board

2 hrs/wk

BURT PINNOCK

DIRECTOR

Board

2 hrs/wk

MICHAEL RAO

DIRECTOR

Board

2 hrs/wk

ELLEN ROBERTSON

DIRECTOR

Board

2 hrs/wk

LISA RUGGLES

DIRECTOR

Board

2 hrs/wk

JACQUELYN E STONE

DIRECTOR

Board

2 hrs/wk

LUCY MEADE

DIRECTOR OF ECONOMIC DEVEL

Staff

$177K

40 hrs/wk

ANEDRA BOURNE

DEPUTY EXECUTIVE DIRECTOR

Staff

$176K

40 hrs/wk

STEPHEN R LECKY

DIRECTOR OF EVENTS

Staff

$153K

40 hrs/wk

CAROL L WALLS

FINANCE MANAGER

Staff

$137K

40 hrs/wk

ERIKA GAY

DIRECTOR OF MARKETING AND

Staff

$110K

40 hrs/wk

Independent contractors

STREETPLUS COMPANY LLC

CLEANING/SAFETY

$796K

3 NORTH PLLC

ARCHITECTURAL DESIGN - BROWN'S ISLAND IM

$422K

NATIONAL COUNCIL FOR THE TRADITIONAL ART

EVENT PLANNING AND COORDINATION

$306K

COMMUNITY BUSINESS GROUP LTD

CLEANING/SAFETY

$277K

THE CURTIS GROUP

FUNDRAISING CONSULTANTS

$189K

Grants received

Showing 50 of 50

FromAmountPurposeYear
$168K
ECONOMIC PROSPERITY
2024
$100K
THE RICHMOND FOLK FESTIVAL
2024
$100K
RICHMOND FOLK FESTIVAL
2024
$25K
2024 VENTURE RICHMOND ANNUAL MEMBERSHIP CONTRIBUTION
2024
$20K
TO SUPPORT BROWN'S ISLAND GREENWAY PROJECT
2024
$20K
Capital Campaign
2024
$15K
36TH ANNUAL 2ND STREET FESTIVAL
2024
$15K
UNRESTRICTED GENERAL
2024
$15K
GENERAL SUPPORT
2024
$10K
Program Support
2024
$5K
GENERAL OPERATING
2024
$5K
2024 Folk Festival
2024
$3K
Contribution Provided
2024
$153K
TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION
2023
$100K
RICHMOND FOLK FESTIVAL
2023
$100K
2023 FOLK FESTIVAL
2023
$25K
2023 VENTURE RICHMOND ANNUAL MEMBERSHIP CONTRIBUTION
2023
$20K
SUPPORT OF ITS 35TH ANNUAL 2ND STREET FESTIVAL TO BE HELD OCTOBER 7-8, 2023 IN RICHMOND, VIRGINIA'S JACKSON WARD COMMUNITY
2023
$15K
35TH ANNUAL 2ND STREET FESTIVAL
2023
$9K
ECONOMIC PROSPERITY
2023
$8K
FOLK AND TRADITIONAL ARTS
2023
$3K
Contribution Provided
2023
$100K
RICHMOND FOLK FESTIVAL
2022
$60K
TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION
2022
$53K
ECONOMIC PROSPERITY
2022
$50K
FOR A SPONSORSHIP OF THE RICHMOND FOLK FESTIVAL
2022
$30K
UNRESTRICTED OPERATING EXPENSES
2022
$25K
2022 VENTURE RICHMOND ANNUAL MEMBERSHIP CONTRIBUTION
2022
$20K
SUPPORT OF ITS 34TH ANNUAL 2ND STREET FESTIVAL TO BE HELD OCTOBER 1-2, 2022 IN RICHMOND
2022
$15K
2022 2ND STREET FESTIVAL
2022
$9K
PERFORMING ARTS PRESENTING AND TOURING;
2022
$5K
TO SUPPORT VENTURE RICHMOND'S MISSION
2022
$3K
Contribution provided
2022
$250
PROGRAM/OPERATING SUPPORT
2022
$3K
Contribution
2021
$40K
RICHMOND FOLK FESTIVAL
2020
$25K
2020 VENTURE RICHMOND ANNUAL MEMBERSHIP CONTRIBUTION
2020
$25K
ASPHALT ART INITIATIVE FOR RICHMOND, VA
2020
$16K
GENERAL PURPOSES,COVID- 19 HELP,THE 2020 ANNUAL FUND,THE "WE CARE FUND" INITIATIVE
2020
$15K
SUPPORT ITS 32ND ANNUAL 2ND STREET FESTIVAL
2020
$15K
MOVIES ON THE ISLAND
2020
$15K
2020 2ND STREET FESTIVAL
2020
$10K
TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION
2020
$5K
TO SUPPORT VENTURE RICHMOND'S MISSION
2020
$4K
Annual contribution
2020
$3K
OPERATIONS
2020
$100
ASSOCIATE MATCHING DOLLARS
2020
$1K
BOARD SERVICE
2018

Funded by

$1.5M from 20 funders · 50 grants · 2018–2024

Dominion Energy Charitable Foundation

$515K · 13 grants · 2020–2024

The Pauley Family Foundation

$250K · 3 grants · 2022–2024

The Community Foundation Inc

$244K · 4 grants · 2020–2024

Robins Foundation

$223K · 3 grants · 2020–2023

E Rhodes And Leona B Carpenter

$55K · 3 grants · 2020–2023

Robert G Cabell Iii And Maude Morgan

$50K · 2 grants · 2022–2024

Tesco Foundation

$23K · 2 grants · 2020–2024

Details

EIN521256458
NTEE codeS31
Subsection03
Ruling date1982-08
Formed1984
Employees43
Volunteers1000
VENTURE RICHMOND INC — Mission, Financials & Grants Received | Grantivo