Association for the Preservation of Va Antiquities

What it reported doing in 2024

Statewide preservationhistory & mission: the association for the preservation of Virginia antiquities d/b/a preservation Virginia, a private non-profit organization and statewide historic preservation leader founded in 1889, is dedicated to inspiring and engaging the public in fostering, supporting and sustaining Virginia's historic places through leadership in advocacy, education, revitalization and stewardship. In pursuing this mission, we envision a future in which people seek a more complete and more inclusive understanding of the past, value the connections between people and places, and support the protection of places where history happened.statewide programs and services: preservation Virginia's strategic plan's goal is to make a difference by working within the organization and with collaborators and allies to ensure that Virginia's historic places reflect the diversity of perspectives about that history. Through the promotion of model programs and best practices, we seek to support the work of other individuals and organizations to share honest and truthful stories of the past. Through 1) ethical and strategic decision making; 2) ensuring financial sustainability; 3) expanding the knowledge base and 4) through direct action and collaboration with diverse range of partners and allies, preservation Virginia seeks to increase recognition for the value of history and historic preservation.heritage tourism - preservation Virginia provides interpretive and educational programming at historic jamestowne, scotchtown, the hanover county home of patrick henry, revolutionary spokesman and first Virginia governor; the home of chief justice john marshall in richmond; bacon's castle, Virginia's oldest datable brick residence in surry; the old cape henry lighthouse, the first federal public works project under president Washington, in Virginia beach; and smith's fort, an 18th century brick structure and separate and adjacent 17th century archaeological site. Of the current properties, six are designated as national historic landmarks and other are Virginia or national register properties.sharing resources - along with interpretive programs, preservation Virginia provides educational offerings for preservation/museum professionals and volunteers, as well as owners of historic properties. Preservation Virginia provides technical assistance to individuals and community groups about materials, techniques and strategies to ensure the preservation of historic structures, landscapes, archaeological sites and neighborhoods. We sponsor workshops, conferences, webinars and post educational blogs to grow awareness and capacity. We announce an annual list of endangered sites and support communities in their efforts to protect the diversity of Virginia's historic places. Preservation Virginia undertakes economic impact studies of heritage tourism, historic tax credits and other initiatives to help communities make the case for preserving historic places and deploying historic preservation tools. Our preservation initiatives department helps local communities develop strategies. With those partners, we form coalitions and networks to grow awareness of solutions that will preserve historic places while allowing for growth. Organization: governed by a volunteer board of trustees, preservation Virginia is managed by professional staff based in richmond along with management staff at our historic properties in hanover, richmond, jamestown, surry and Virginia beach. Preservation Virginia has almost 3000 member households across the commonwealth of Virginia and the nation. In addition, hundreds of volunteers help support properties and educational programs in their communities and on behalf of preservation Virginia.economic & educational benefits: annually, nearly 550,000 individuals participated in preservation Virginia programs across the commonwealth. This provides economic benefits by supporting Virginia's heritage tourism industry and promoting h

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 88.6%; rating input score 89
• Fundraising efficiency: $11.14 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 94.4%; rating input score 94; 25th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -3%; rating input score 24; 24th percentile among comparable filings
• Total-asset coverage ratio: 4.55; rating input score 82; 82nd percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
• Officer compensation ratio: 13.2%; rating input score 22; 22nd percentile among comparable filings

Growth

• Program expense growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings
• Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
• Asset growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings