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Nonprofit · EIN 52-1256458

VENTURE RICHMOND INC

Tax-exempt · RICHMOND, VA 23219

Financials

$8.1M$7.1M2023$8.6M$7.9M2024$13.7M$8.6M2025
Revenue Expenses · by fiscal year end
Financials of VENTURE RICHMOND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$13,740,813$8,635,636$5,105,177$14,371,999$618,926$13,753,073
December 31, 2024990$8,613,555$7,889,259$724,296$8,837,456$189,560$8,647,896
December 31, 2023990$8,083,211$7,129,387$953,824$8,212,240$288,640$7,923,600
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$8,809,395
of which government grants
$1,737,500
Program service revenue
$4,821,859
Investment income
$109,559
Net gain from sales of assets
-$1,154
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$345,802
Other salaries and wages
$1,692,296
Salaries, compensation and benefits (total)
$2,174,182
Professional fundraising fees
$0
Legal fees
$21,550
Accounting fees
$48,979
Occupancy
$74,780
Depreciation
$100,990
Program services (functional)
$8,004,034
Management and general (functional)
$263,370
Fundraising (functional)
$368,232

Balance sheet and other

Total assets, start of year
$8,837,456
Total assets, end of year
$14,371,999
Total liabilities, end of year
$618,926
Net assets, end of year
$13,753,073
Land, buildings and equipment
$3,018,178
Net assets without donor restrictions
$8,628,455
Net assets with donor restrictions
$5,124,618
Gross receipts
$13,742,034
Employees
41
Volunteers
900
Year formed
1984
State of legal domicile
VA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LISA SIMSPRESIDENT & CEO
Officer
40$312,171$33,630
LUCY MEADEDIRECTOR OF ECONOMIC DEVEL
Highest-paid employee
40$188,409$20,973
ANEDRA BOURNEDEPUTY EXECUTIVE DIRECTOR
Highest-paid employee
40$178,281$19,092
STEPHEN R LECKYDIRECTOR OF EVENTS
Highest-paid employee
40$161,570$16,801
CAROL L WALLSFINANCE MANAGER
Highest-paid employee
40$143,526$10,620
RENEE GAINESOFFICE ADMINISTRATOR
Highest-paid employee
40$129,343$11,630
FARHAD AGHDAMICHAIRMAN
Trustee or director, Officer
5$0$0
DEVON HENRYVICE CHAIRMAN
Trustee or director, Officer
5$0$0
DANNY AVULAVICE CHAIRMAN
Trustee or director, Officer
5$0$0
JOI DEANSECRETARY
Trustee or director, Officer
5$0$0
PAULA PANDOTREASURER
Trustee or director, Officer
5$0$0
DARIUS JOHNSONPAST CHAIRMAN
Trustee or director, Officer
5$0$0
BRIAN JACKSONGENERAL COUNSEL
Trustee or director, Officer
5$0$0
MAKOLA ABDULLAHDIRECTOR
Trustee or director
2$0$0
CHRIS ACCASHIANDIRECTOR
Trustee or director
2$0$0
46 more people on this return
NameTitleHours / weekCompensation
NEIL AMINDIRECTOR
Trustee or director
2$0
SHERRIE ARMSTRONGDIRECTOR
Trustee or director
2$0
JOHN BAKERDIRECTOR
Trustee or director
2$0
EDWARD H BAINEDIRECTOR
Trustee or director
2$0
BECKY BAREFORDDIRECTOR
Trustee or director
2$0
VICTOR BRANCHDIRECTOR
Trustee or director
2$0
JOHN BUCKBEEDIRECTOR
Trustee or director
2$0
GERALD BURR JRDIRECTOR
Trustee or director
2$0
KELLY CHOPUSDIRECTOR
Trustee or director
2$0
PAT COLLINSDIRECTOR
Trustee or director
2$0
SHARON DABNEY-WOOLDRIDGEDIRECTOR
Trustee or director
2$0
CHRISTINE G DANIELSDIRECTOR
Trustee or director
2$0
BEN DESSARTDIRECTOR
Trustee or director
2$0
LEWANDA SIMS-GALLIMOREDIRECTOR
Trustee or director
2$0
THOMAS GAYNERDIRECTOR
Trustee or director
2$0
DOUGLAS S GRANGERDIRECTOR
Trustee or director
2$0
RICK GREGORYDIRECTOR
Trustee or director
2$0
KYM D GRINNAGEDIRECTOR
Trustee or director
2$0
KEVIN HALLOCKDIRECTOR
Trustee or director
2$0
MONROE E HARRIS JR DMDDIRECTOR
Trustee or director
2$0
MICHAEL HENLEYDIRECTOR
Trustee or director
2$0
CONNIE HOMDIRECTOR
Trustee or director
2$0
CHRIS JOHNSONDIRECTOR
Trustee or director
2$0
LESTER JOHNSONDIRECTOR
Trustee or director
2$0
ROB JONESDIRECTOR
Trustee or director
2$0
JASON KAMRASDIRECTOR
Trustee or director
2$0
HAKIM LUCASDIRECTOR
Trustee or director
2$0
CHARLES MACFARLANEDIRECTOR
Trustee or director
2$0
MICHAEL MANSONDIRECTOR
Trustee or director
2$0
FLOYD MILLERDIRECTOR
Trustee or director
2$0
CYNTHIA NEWBILLEDIRECTOR
Trustee or director
2$0
SHAWN O'BRIENDIRECTOR
Trustee or director
2$0
LESLIE PARPARTDIRECTOR
Trustee or director
2$0
BURT PINNOCKDIRECTOR
Trustee or director
2$0
MICHAEL RAODIRECTOR
Trustee or director
2$0
ELLEN ROBERTSONDIRECTOR
Trustee or director
2$0
LISA RUGGLESDIRECTOR
Trustee or director
2$0
JACQUELYN E STONEDIRECTOR
Trustee or director
2$0
CHRIS TSUIDIRECTOR
Trustee or director
2$0
TED UKROPDIRECTOR
Trustee or director
2$0
MASSIE VALENTINEDIRECTOR
Trustee or director
2$0
NED VALENTINEDIRECTOR
Trustee or director
2$0
JANET WIGLESWORTHDIRECTOR
Trustee or director
2$0
MICHAEL WILLIAMSDIRECTOR
Trustee or director
2$0
ADRIENNE WRIGHTDIRECTOR
Trustee or director
2$0
SAMUEL YOUNGDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2024: 64 people
NameTitleHours / weekCompensationOther / benefits
LISA SIMSPRESIDENT & CEO
Officer
40$247,510$27,949
LUCY MEADEDIRECTOR OF ECONOMIC DEVEL
Highest-paid employee
40$177,490$19,826
ANEDRA BOURNEDEPUTY EXECUTIVE DIRECTOR
Highest-paid employee
40$175,909$18,280
STEPHEN R LECKYDIRECTOR OF EVENTS
Highest-paid employee
40$152,564$15,900
CAROL L WALLSFINANCE MANAGER
Highest-paid employee
40$136,510$9,887
ERIKA GAYDIRECTOR OF MARKETING AND
Highest-paid employee
40$110,353$12,595
FARHAD AGHDAMICHAIRMAN
Trustee or director, Officer
5$0$0
DEVON HENRYVICE CHAIRMAN
Trustee or director, Officer
5$0$0
LEVAR M STONEYPRESIDENT
Trustee or director, Officer
5$0$0
JOI DEANSECRETARY
Trustee or director, Officer
5$0$0
PAULA PANDOTREASURER
Trustee or director, Officer
5$0$0
DARIUS JOHNSONPAST CHAIRMAN
Trustee or director, Officer
5$0$0
BRIAN JACKSONGENERAL COUNSEL
Trustee or director, Officer
5$0$0
MAKOLA ABDULLAHDIRECTOR
Trustee or director
2$0$0
CHRIS ACCASHIANDIRECTOR
Trustee or director
2$0$0
NEIL AMINDIRECTOR
Trustee or director
2$0$0
SHERRIE ARMSTRONGDIRECTOR
Trustee or director
2$0$0
JOHN BAKERDIRECTOR
Trustee or director
2$0$0
EDWARD H BAINEDIRECTOR
Trustee or director
2$0$0
BECKY BAREFORDDIRECTOR
Trustee or director
2$0$0
VICTOR BRANCHDIRECTOR
Trustee or director
2$0$0
CHANDRA BRIGGMANDIRECTOR
Trustee or director
2$0$0
JOHN BUCKBEEDIRECTOR
Trustee or director
2$0$0
GERALD BURRDIRECTOR
Trustee or director
2$0$0
KELLY CHOPUSDIRECTOR
Trustee or director
2$0$0
PAT COLLINSDIRECTOR
Trustee or director
2$0$0
SHARON DABNEY-WOOLDRIDGEDIRECTOR
Trustee or director
2$0$0
CHRISTINE G DANIELSDIRECTOR
Trustee or director
2$0$0
BEN DESSARTDIRECTOR
Trustee or director
2$0$0
SUSAN DEWEYDIRECTOR
Trustee or director
2$0$0
MOSES FOSTERDIRECTOR
Trustee or director
2$0$0
LEWANDA SIMS-GALLIMOREDIRECTOR
Trustee or director
2$0$0
THOMAS GAYNERDIRECTOR
Trustee or director
2$0$0
DOUGLAS GRANGERDIRECTOR
Trustee or director
2$0$0
RICK GERGORYDIRECTOR
Trustee or director
2$0$0
KYM GRINNAGEDIRECTOR
Trustee or director
2$0$0
KEVIN HALLOCKDIRECTOR
Trustee or director
2$0$0
MONROE E HARRIS JR DMDDIRECTOR
Trustee or director
2$0$0
MICHAEL HENLEYDIRECTOR
Trustee or director
2$0$0
CONNIE HOMDIRECTOR
Trustee or director
2$0$0
CHRIS JOHNSONDIRECTOR
Trustee or director
2$0$0
LESTER JOHNSONDIRECTOR
Trustee or director
2$0$0
ROB JONESDIRECTOR
Trustee or director
2$0$0
JASON KAMRASDIRECTOR
Trustee or director
2$0$0
HAKIM LUCASDIRECTOR
Trustee or director
2$0$0
CHARLES MACFARLANEDIRECTOR
Trustee or director
2$0$0
MICHAEL MANSONDIRECTOR
Trustee or director
2$0$0
FLOYD MILLERDIRECTOR
Trustee or director
2$0$0
KRISTEN NYEDIRECTOR
Trustee or director
2$0$0
SHAWN O'BRIENDIRECTOR
Trustee or director
2$0$0
LESLIE PARPARTDIRECTOR
Trustee or director
2$0$0
BURT PINNOCKDIRECTOR
Trustee or director
2$0$0
MICHAEL RAODIRECTOR
Trustee or director
2$0$0
ELLEN ROBERTSONDIRECTOR
Trustee or director
2$0$0
LISA RUGGLESDIRECTOR
Trustee or director
2$0$0
JACQUELYN E STONEDIRECTOR
Trustee or director
2$0$0
CHRIS TSUIDIRECTOR
Trustee or director
2$0$0
TED UKROPDIRECTOR
Trustee or director
2$0$0
MASSIE VALENTINEDIRECTOR
Trustee or director
2$0$0
NED VALENTINEDIRECTOR
Trustee or director
2$0$0
MARILYN WESTDIRECTOR
Trustee or director
2$0$0
MICHAEL WILLIAMSDIRECTOR
Trustee or director
2$0$0
ADRIENNE WRIGHTDIRECTOR
Trustee or director
2$0$0
SAMUEL YOUNGDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 62 people
NameTitleHours / weekCompensationOther / benefits
LISA SIMSCEO
Key employee
40$233,630$34,838
LUCY MEADEDIRECTOR OF ECONOMIC DEVEL
Highest-paid employee
40$165,956$19,555
ANEDRA BOURNEDEPUTY EXECUTIVE DIRECTOR
Highest-paid employee
40$171,271$5,138
CAROL L WALLSFINANCE MANAGER
Highest-paid employee
40$122,726$19,232
STEPHEN R LECKYDIRECTOR OF EVENTS
Highest-paid employee
40$135,844$4,075
DARIUS JOHNSONCHAIRMAN
Trustee or director, Officer
5$0$0
FARHAD AGHDAMIVICE CHAIRMAN
Trustee or director, Officer
5$0$0
LEVAR M STONEYPRESIDENT
Trustee or director, Officer
5$0$0
DEVON HENRYSECRETARY
Trustee or director, Officer
5$0$0
PAULA PANDOTREASURER
Trustee or director, Officer
5$0$0
ADAM HARRELLPAST CHAIRMAN
Trustee or director, Officer
5$0$0
BRIAN JACKSONGENERAL COUNSEL
Trustee or director, Officer
5$0$0
MAKOLA ABDULLAHDIRECTOR
Trustee or director
2$0$0
CHRIS ACCASHIANDIRECTOR
Trustee or director
2$0$0
NEIL AMINDIRECTOR
Trustee or director
2$0$0
JOHN BAKERDIRECTOR
Trustee or director
2$0$0
EDWARD H BAINEDIRECTOR
Trustee or director
2$0$0
BECKY BAREFORDDIRECTOR
Trustee or director
2$0$0
VICTOR BRANCHDIRECTOR
Trustee or director
2$0$0
CHANDRA BRIGGMANDIRECTOR
Trustee or director
2$0$0
JOHN BUCKBEEDIRECTOR
Trustee or director
2$0$0
GERALD BURRDIRECTOR
Trustee or director
2$0$0
KELLY CHOPUSDIRECTOR
Trustee or director
2$0$0
SHARON DABNEY-WOOLDRIDGEDIRECTOR
Trustee or director
2$0$0
CHRISTINE G DANIELSDIRECTOR
Trustee or director
2$0$0
JOI DEANDIRECTOR
Trustee or director
2$0$0
SUSAN DEWEYDIRECTOR
Trustee or director
2$0$0
CARMINA DRUMMONDDIRECTOR
Trustee or director
2$0$0
CANDACE C FORMACEKDIRECTOR
Trustee or director
2$0$0
MOSES FOSTERDIRECTOR
Trustee or director
2$0$0
THOMAS GAYNERDIRECTOR
Trustee or director
2$0$0
DOUGLAS GRANGERDIRECTOR
Trustee or director
2$0$0
RICK GERGORYDIRECTOR
Trustee or director
2$0$0
KYM GRINNAGEDIRECTOR
Trustee or director
2$0$0
KEVIN HALLOCKDIRECTOR
Trustee or director
2$0$0
MONROE E HARRIS JR DMDDIRECTOR
Trustee or director
2$0$0
CONNIE HOMDIRECTOR
Trustee or director
2$0$0
CHRIS JOHNSONDIRECTOR
Trustee or director
2$0$0
LESTER JOHNSONDIRECTOR
Trustee or director
2$0$0
MICHAEL JONESDIRECTOR
Trustee or director
2$0$0
ROB JONESDIRECTOR
Trustee or director
2$0$0
JASON KAMRASDIRECTOR
Trustee or director
2$0$0
GREG KARAWANDIRECTOR
Trustee or director
2$0$0
HAKIM LUCASDIRECTOR
Trustee or director
2$0$0
CHARLES MACFARLANEDIRECTOR
Trustee or director
2$0$0
MICHAEL MANSONDIRECTOR
Trustee or director
2$0$0
FLOYD MILLERDIRECTOR
Trustee or director
2$0$0
SEAN O'BRIENDIRECTOR
Trustee or director
2$0$0
LESLIE PARPARTDIRECTOR
Trustee or director
2$0$0
BURT PINNOCKDIRECTOR
Trustee or director
2$0$0
MICHAEL RAODIRECTOR
Trustee or director
2$0$0
JEFF RICKETTSDIRECTOR
Trustee or director
2$0$0
ELLEN ROBERTSONDIRECTOR
Trustee or director
2$0$0
LISA RUGGLESDIRECTOR
Trustee or director
2$0$0
JACQUELYN E STONEDIRECTOR
Trustee or director
2$0$0
CHRIS TSUIDIRECTOR
Trustee or director
2$0$0
TED UKROPDIRECTOR
Trustee or director
2$0$0
MASSIE VALENTINEDIRECTOR
Trustee or director
2$0$0
NED VALENTINEDIRECTOR
Trustee or director
2$0$0
MARILYN WESTDIRECTOR
Trustee or director
2$0$0
MICHAEL WILLIAMSDIRECTOR
Trustee or director
2$0$0
SAMUEL YOUNGDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
200 S 3RD ST STE 2, RICHMOND, VA 23219-3700
Principal officer (990 for 2025)
LISA W SIMS, 200 SOUTH THIRD STREET, RICHMOND, VA 23219
Signed the 990
LISA W SIMS, PRESIDENT & CEO
Phone
(804) 788-6470
Return prepared by
KEITER STEPHENS HURST GARY & SHREAVES

Mission

VENTURE RICHMOND ENGAGES BUSINESS AND COMMUNITY LEADERS IN PARTNERING WITH THE CITY TO ENHANCE THE VITALITY OF THE COMMUNITY, PARTICULARLY DOWNTOWN, THROUGH ECONOMIC DEVELOPMENT, MARKETING, PROMOTION, ADVOCACY AND EVENTS.

990 for the year ended December 31, 2025

Program accomplishments

  • VENTURE RICHMOND MANAGES PROGRAMS AND PROJECTS FOR THE DOWNTOWN SPECIAL SERVICE AND ASSESSMENT DISTRICTS IN ACCORDANCE WITH CONTRACTS WITH THE CITY OF RICHMOND. TOTAL REVENUE FOR THE GENERAL SERVICE DISTRICT OF $2,423,756 REPRESENTS SUPPORT FROM THE SERVICE DISTRICTS. THE PROGRAM ALSO RECEIVED A $1,210,000 CLEAN, SAFE, AND GREEN MUNICIPAL GRANT PROVIDED BY THE CITY OF RICHMOND.
    Expenses $3,118,352 · revenue $2,224,804
  • 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 $2,043,923 · revenue $1,616,878
  • 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 $1,331,539 · revenue $1,056,685
  • OTHER PROGRAMS
    Expenses $1,510,220 · revenue $1,171,711

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-1256458
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,371,999
Income (IRS master file)
$13,742,034

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$13,740,813$8,635,636$14,371,999IRS
990December 2024$8,613,555$7,889,259$8,837,456IRS
990December 2023$8,083,211$7,129,387$8,212,240XML
990December 2022$6,480,752$6,420,670$7,214,267IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1256458).

Questions about VENTURE RICHMOND INC

What is the EIN of VENTURE RICHMOND INC?
The employer identification number (EIN) of VENTURE RICHMOND INC is 52-1256458.
Is VENTURE RICHMOND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to VENTURE RICHMOND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VENTURE RICHMOND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VENTURE RICHMOND INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VENTURE RICHMOND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of VENTURE RICHMOND INC?
The 990 for the year ended December 31, 2025 names LISA W SIMS.
Who are the officers and directors of VENTURE RICHMOND INC?
The 990 for the year ended December 31, 2025 lists 61 people; 6 received compensation from the organization, the highest $312,171 (LISA SIMS, PRESIDENT & CEO).
How much revenue does VENTURE RICHMOND INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $13,740,813, expenses of $8,635,636 and total assets of $14,371,999 at year end.

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