Nonprofit · EIN 82-2118572
VIRGINIA FOUNDATION FOR PUBLIC MEDIA
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,332,836 | $8,499,081 | -$166,245 | $224,271,311 | $37,984,675 | $186,286,636 |
| June 30, 2024 | 990 | $4,808,618 | $8,177,782 | -$3,369,164 | $179,716,013 | $729,269 | $178,986,744 |
| June 30, 2023 | 990 | $7,231,441 | $9,407,592 | -$2,176,151 | $165,262,196 | $316,058 | $164,946,138 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,494,472
- Program service revenue
- $0
- Investment income
- $6,829,518
- Net rental income
- $7,346
- Net gain from sales of assets
- $3,873,877
- Other revenue
- $8,846
Expenses
- Grants and similar amounts paid
- $7,877,059
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,896
- Accounting fees
- $39,618
- Occupancy
- $29,223
- Travel
- $1,524
- Depreciation
- $248
- Program services (functional)
- $7,877,059
- Management and general (functional)
- $622,022
Balance sheet and other
- Total assets, start of year
- $179,716,013
- Total assets, end of year
- $224,271,311
- Total liabilities, end of year
- $37,984,675
- Net assets, end of year
- $186,286,636
- Land, buildings and equipment
- $49,784,103
- Publicly traded securities
- $123,599,755
- Net assets without donor restrictions
- $186,286,636
- Gross unrelated business income
- $7,346
- Gross receipts
- $68,258,040
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2017
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAYME SWAIN | CEO AND PRESIDENT Officer | 1 | $0 | $434,888 | $29,077 |
| DANIEL SMYTHE | CHIEF INVESTMENT OFFICER Officer | 1 | $0 | $295,203 | $29,440 |
| GARY OMETER | CFO Officer | 1 | $0 | $269,343 | $24,369 |
| JIM CHENG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHEILA CORCORAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATTY MERRILL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN SKIDMORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PHILIP GOODPASTURE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TING XU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICH DIEMER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAYME SWAIN | CEO AND PRESIDENT Officer | 1 | $0 | $436,072 | $28,499 |
| DANIEL SMYTHE | CHIEF INVESTMENT OFFICER Officer | 1 | $0 | $295,457 | $29,104 |
| GARY OMETER | CFO Officer | 1 | $0 | $251,454 | $18,749 |
| JIM CHENG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHEILA CORCORAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PHILIP GOODPASTURE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATTY MERRILL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN NICHOLSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN SKIDMORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TING XU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICH DIEMER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAYME SWAIN | CEO AND PRESIDENT Officer | 1 | $0 | $434,505 | $27,025 |
| DANIEL SMYTHE | CHIEF INVESTMENT OFFICER Officer | 1 | $0 | $295,876 | $28,884 |
| GARY OMETER | CFO Officer | 1 | $0 | $254,946 | $20,007 |
| LU ALVAREZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL BISCEGLIA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICH DIEMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATTY MERRILL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN NICHOLSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN SKIDMORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TING XU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PHILIP GOODPASTURE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL WILLIAMS | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15 E BROAD ST, RICHMOND, VA 23219-0000
- In care of
- % MICHAEL BISCEGLIA
- Principal officer (990 for 2024)
- JAYME SWAIN, 23 SESAME STREET, RICHMOND, VA 23235
- Signed the 990
- JAYME SWAIN, PRESIDENT & CEO
- Phone
- (804) 320-1301
- Return prepared by
- KEITER STEPHENS HURST GARY & SHREAVES
Mission
THE FOUNDATION OPERATES AS A "SUPPORTING ORGANIZATION" BY PROVIDING FUNDING TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF VPM MEDIA CORPORATION.
Program accomplishments
- THE FOUNDATION OPERATES AS A "SUPPORTING ORGANIZATION" BY PROVIDING FUNDING TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF VPM MEDIA CORPORATION, A VIRGINIA NONSTOCK CORPORATION AND A PUBLICLY SUPPORTED ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3), 509(A)(1), AND 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE.Expenses $7,877,059 · grants $7,877,059
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2118572
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $224,271,311
- Income (IRS master file)
- $68,258,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,332,836 | $8,499,081 | $224,271,311 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $4,808,618 | $8,177,782 | $179,716,013 | IRS |
| 990 | June 2023 | $7,231,441 | $9,407,592 | $165,262,196 | XML |
| 990 | June 2022 | $8,019,464 | $10,771,383 | $158,897,506 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 82-2118572).
Questions about VIRGINIA FOUNDATION FOR PUBLIC MEDIA
- What is the EIN of VIRGINIA FOUNDATION FOR PUBLIC MEDIA?
- The employer identification number (EIN) of VIRGINIA FOUNDATION FOR PUBLIC MEDIA is 82-2118572.
- Is VIRGINIA FOUNDATION FOR PUBLIC MEDIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to VIRGINIA FOUNDATION FOR PUBLIC MEDIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VIRGINIA FOUNDATION FOR PUBLIC MEDIA 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 VIRGINIA FOUNDATION FOR PUBLIC MEDIA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA FOUNDATION FOR PUBLIC MEDIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA FOUNDATION FOR PUBLIC MEDIA?
- The 990 for the year ended June 30, 2025 names JAYME SWAIN.
- Who are the officers and directors of VIRGINIA FOUNDATION FOR PUBLIC MEDIA?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA FOUNDATION FOR PUBLIC MEDIA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,332,836, expenses of $8,499,081 and total assets of $224,271,311 at year end.
Other nonprofits in RICHMOND
- VIRGINIA MUSEUM OF FINE ARTS FOUNDATION EIN 51-0205333 · last filed 990 for 2025
- VPM MEDIA CORPORATION EIN 54-0735782 · last filed 990 for 2025
- VIRGINIA HISTORICAL SOCIETY EIN 54-0419452 · last filed 990 for 2025
- JAMESTOWN REDISCOVERY FOUNDATION EIN 47-2945490 · last filed 990 for 2025
- MAYMONT FOUNDATION EIN 54-6039788 · last filed 990 for 2025
- RICHMOND SYMPHONY EIN 54-6024033 · last filed 990 for 2025
- RICHMOND BALLET INC EIN 54-6049848 · last filed 990 for 2025
- CHILDRENS MUSEUM OF RICHMOND EIN 51-0220694 · last filed 990 for 2025
All nonprofits in RICHMOND · Virginia · Arts, culture and humanities