Historic Richmond

Legal name: Historic Richmond Foundation

Nonprofit profile at a glance

EIN
546026404
IRS 990 coverage
2010–2025
Official website data refreshed
Jul 2026
Forms available
Form 990 2025
Location
Richmond, VA, US
Phone
804-643-7407
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Historical Societies & Historic Preservation

Official website

Reported finances

Revenue
$1,386,968
Expenses
$1,169,561
Assets
$18,489,160
Liabilities
$151,842

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • JULIE WEISSEND (PRESIDENT)
  • JOSEPH K REID III (VICE PRESIDENT)
  • CYANE CRUMP (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CYANE CRUMP (EXECUTIVE DIRECTOR): $217,998 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to shape the future of Richmond by preserving our diverse historic buildings, neighborhoods, and places, sparking revitalization, and championing our distinctive architectural legacy.

What it reported doing in 2025

Preservation programs: expenditures are for projects to preserve houses, buildings, structures, sites, and objects in and around richmond, va that are connected with, illustrative of, or unique to the history and culture of the richmond area. Activities include restoration work at monumental church, including masonry and stucco repairs and other exterior "seal the envelope" coatings and repairs, painting, carpentry, and roof, plaster, and drainage repairs, as well as accessibility and lighting improvements, and neighborhood revitalization work on historic houses in historic neighborhoods. Neighborhood revitalization work includes a pilot program focused on facade restorations in jackson ward and church hill. Ongoing maintenance of st. John's mews, a community garden in church hill, is provided by historic richmond every year. Other activities include updating and monitoring easements; working with organizations such as the commission of architectural review to ensure continued protection of historic properties; and encouraging the rescue of neglected properties. In addition, historic richmond provided assistance with restoration projects for a historic masons' hall and with respect to restoration projects at a historic pump house.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 91
  • Accountability: 100
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.8%; rating input score 79
  • Program expense ratio: 75.9%; rating input score 76
  • Fundraising efficiency: $10.44 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.7%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 15.81; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 18.6%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 31st percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 78.8% of revenue deployed · 75.9% of spending went to programs
  • Governance: 24 of 24 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $888K in reported program spending
  • Leadership: top reported pay $218K · 26 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.