VIRGINIA FOUNDATION FOR PUBLIC MEDIA: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
VIRGINIA FOUNDATION FOR PUBLIC MEDIA (EIN 82-2118572)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-07
IRS object ID
202521279349302767
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-07T12:26:40-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN541631262PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KEITER STEPHENS HURST GARY & SHREAVESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14401 DOMINION BLVDAddressLine1Txt
CityGLEN ALLENCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23060ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN822118572EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VIRGINIA FOUNDATION FOR PUBLIC MEDIABusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVIRGBusinessNameControlTxt
Phone8043201301PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 SESAME STREETAddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23235ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGARY OMETERPersonNm
Person TitleCFOPersonTitleTxt
Phone8043201301PhoneNum
Signature2025-05-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMATTHEW O MCDONALDPreparerPersonNm
PTINP00400690PTIN
Phone8047470000PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGARY OMETERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 SESAME STREETAddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23235ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$20,948,640GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionTHE FOUNDATION OPERATES AS A "SUPPORTING ORGANIZATION" BY PROVIDING FUNDING TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF VPM MEDIA CORPORATION.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$28,643TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$27,643NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$7,230,941PYInvestmentIncomeAmt
CY Investment Income$4,771,755CYInvestmentIncomeAmt
PY Other Revenue$500PYOtherRevenueAmt
CY Other Revenue$36,863CYOtherRevenueAmt
PY Total Revenue$7,231,441PYTotalRevenueAmt
CY Total Revenue$4,808,618CYTotalRevenueAmt
PY Grants And Similar Paid$8,922,616PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$7,496,488CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$484,976PYOtherExpensesAmt
CY Other Expenses$681,294CYOtherExpensesAmt
PY Total Expenses$9,407,592PYTotalExpensesAmt
CY Total Expenses$8,177,782CYTotalExpensesAmt
PY Revenues Less Expenses-$2,176,151PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$3,369,164CYRevenuesLessExpensesAmt
Total Assets BOY$165,262,196TotalAssetsBOYAmt
Total Assets EOY$179,716,013TotalAssetsEOYAmt
Total Liabilities BOY$316,058TotalLiabilitiesBOYAmt
Total Liabilities EOY$729,269TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$164,946,138NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$178,986,744NetAssetsOrFundBalancesEOYAmt
MissionTHE FOUNDATION OPERATES AS A "SUPPORTING ORGANIZATION" BY PROVIDING FUNDING TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF VPM MEDIA CORPORATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$7,496,488ExpenseAmt
Grant$7,496,488GrantAmt
DescTHE 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.Desc
Total Program Service Expenses$7,496,488TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VFPMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8043201301PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 SESAME STREETAddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23235ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
JIM CHENG
DIRECTOR1.00Yes (X)$0$0$0
SHEILA CORCORAN
DIRECTOR1.00Yes (X)$0$0$0
PHILIP GOODPASTURE
DIRECTOR1.00Yes (X)$0$0$0
PATTY MERRILL
DIRECTOR1.00Yes (X)$0$0$0
KEVIN NICHOLSON
DIRECTOR1.00Yes (X)$0$0$0
KAREN SKIDMORE
DIRECTOR1.00Yes (X)$0$0$0
TING XU
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL WILLIAMS
CHAIR1.00Yes (X)$0$0$0Yes (X)
RICH DIEMER
VICE-CHAIR1.00Yes (X)$0$0$0Yes (X)
DANIEL SMYTHE
CHIEF INVESTMENT OFFICER1.00$0$295,457$29,104Yes (X)40.00
JAYME SWAIN
CEO AND PRESIDENT1.00$0$436,072$28,499Yes (X)40.00
GARY OMETER
CFO1.00$0$251,454$18,749Yes (X)40.00
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$982,983TotReportableCompRltdOrgAmt
Total Other Compensation$76,352TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SMBW PLLC
111 VIRGINIA ST SUITE 111RICHMONDVA23219ARCHITECTURAL SERVICES$945,890
JONES LANG LASALLE AMERICAS INC
200 EAST RANDOLPH DRIVE 43 FLOORCHICAGOIL60601PROJECT MANAGEMENT$420,649
BROADCAST MANAGEMENT GROUP LLC
6031 KANSAS AVE NWWASHINGTONDC20011BROADCAST SYSTEM DESIGN$363,000
BROWN ADVISORY
901 SOUTH BOND STREET SUITE 400BALTIMOREMD21231INVESTMENT SERVICES$223,850
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,373,698TotalRevenueColumnAmt
Exclusion$3,373,698ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$44,333RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$15,690RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$28,643RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,643TotalRevenueColumnAmt
Unrelated Business Revenue$28,643UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$17,522,389SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$16,124,332SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,398,057SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,398,057TotalRevenueColumnAmt
Exclusion$1,398,057ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$8,220TotalRevenueColumnAmt
Related Or Exempt Func Income$8,220RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$8,220OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,808,618TotalRevenueColumnAmt
Related Or Exempt Func Income$8,220RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$28,643UnrelatedBusinessRevenueAmt
Exclusion$4,771,755ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$7,496,488TotalAmt
Program Services$7,496,488ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,001TotalAmt
Management And General$6,001ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,744TotalAmt
Management And General$38,744ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$403,959TotalAmt
Management And General$403,959ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,131TotalAmt
Management And General$1,131ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$32,231TotalAmt
Management And General$32,231ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,829TotalAmt
Management And General$4,829ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,361TotalAmt
Management And General$1,361ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$496TotalAmt
Management And General$496ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$11,413TotalAmt
Management And General$11,413ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
LOAN EXPENSE$178,750$178,750
BANK CHARGES AND FEES$891$891
MISCELLANEOUS EXPENSES$871$871
TAXES AND LICENSES$617$617

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,177,782TotalAmt
Program Services$7,496,488ProgramServicesAmt
Management And General$681,294ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,002,766BOYAmt
EOY$560,958EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,505,741BOYAmt
EOY$3,799,536EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$27,456EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,643,811LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,539LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$955,784BOYAmt
EOY$9,635,272EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$113,089,213BOYAmt
EOY$120,009,974EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$41,265,384BOYAmt
EOY$45,584,390EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$443,308BOYAmt
EOY$98,427EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$165,262,196BOYAmt
EOY$179,716,013EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$276,613BOYAmt
EOY$224,336EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,445BOYAmt
EOY$504,933EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$316,058BOYAmt
EOY$729,269EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$164,946,138BOYAmt
EOY$178,986,744EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$164,946,138BOYAmt
EOY$178,986,744EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$165,262,196BOYAmt
EOY$179,716,013EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$3,369,164ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$17,409,770NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1VPM MEDIA CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN540735782EIN
Organization Type7OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$7,675,238SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$7,675,238SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$164,946,138BeginningYearBalanceAmt
Investment Earnings Or Losses$21,808,832InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,822,419GrantsOrScholarshipsAmt
Other Expenditures$178,750OtherExpendituresAmt
Administrative Expenses$1,767,057AdministrativeExpensesAmt
End Year Balance$178,986,744EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$158,716,601BeginningYearBalanceAmt
Investment Earnings Or Losses$15,382,278InvestmentEarningsOrLossesAmt
Grants Or Scholarships$6,778,327GrantsOrScholarshipsAmt
Other Expenditures$421,056OtherExpendituresAmt
Administrative Expenses$1,953,358AdministrativeExpensesAmt
End Year Balance$164,946,138EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$184,918,628BeginningYearBalanceAmt
Investment Earnings Or Losses-$15,484,868InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,357,032GrantsOrScholarshipsAmt
Other Expenditures$429,969OtherExpendituresAmt
Administrative Expenses$1,930,158AdministrativeExpensesAmt
End Year Balance$158,716,601EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$155,316,792BeginningYearBalanceAmt
Investment Earnings Or Losses$36,992,312InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,315,082GrantsOrScholarshipsAmt
Other Expenditures$422,566OtherExpendituresAmt
Administrative Expenses$1,652,828AdministrativeExpensesAmt
End Year Balance$184,918,628EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$159,071,874BeginningYearBalanceAmt
Contributions$102,100ContributionsAmt
Investment Earnings Or Losses$4,115,039InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,990,819GrantsOrScholarshipsAmt
Other Expenditures$51,089OtherExpendituresAmt
Administrative Expenses$1,930,313AdministrativeExpensesAmt
End Year Balance$155,316,792EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.00000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,236,487OtherCostOrOtherBasisAmt
Book Value$4,236,487BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,260OtherCostOrOtherBasisAmt
Depreciation$6,013DepreciationAmt
Book Value$247BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,526OtherCostOrOtherBasisAmt
Depreciation$2,526DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,398,538OtherCostOrOtherBasisAmt
Book Value$5,398,538BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,635,272TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescALTERNATIVE INVESTMENTSDesc
Book Value$45,584,390BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$45,584,390TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
OPERATING LEASE LIABILITY$17,717
DUE TO AFFILIATES$487,216
FieldValueIRS element (for citing)
Total Liability$504,933TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$22,234,078TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$17,409,770NetUnrealizedGainsInvstAmt
Revenue Not Reported$17,409,770RevenueNotReportedAmt
Revenue Subtotal$4,824,308RevenueSubtotalAmt
Other Revenues Not Included-$15,690OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$15,690RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,808,618TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,193,472TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$15,690OtherExpensesIncludedAmt
Expenses Not Reported$15,690ExpensesNotReportedAmt
Expenses Subtotal$8,177,782ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,177,782TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE FOUNDATION SHALL OPERATE AS A SUPPORTING ORGANIZATION TO FURTHER THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF VPM MEDIA CORPORATION THROUGH PRODUCTION FUNDING, CAPITAL FUNDING AND OTHER OPERATIONAL SUPPORT.
PART X, LINE 2:THE FOUNDATION HAS ADOPTED FINANCIAL REPORTING GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE GUIDANCE ALSO PROVIDES CRITERIA ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE FOUNDATION DISCLOSES THE EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE FACTS AND THE FOUNDATION'S POSITION, AND RECORDS UNRECOGNIZED TAX BENEFITS OR LIABILITIES FOR KNOWN, OR ANTICIPATED TAX ISSUES BASED ON THE FOUNDATION'S ANALYSIS OF WHETHER ADDITIONAL TAXES WOULD BE DUE TO THE AUTHORITY GIVEN THEIR FULL KNOWLEDGE OF THE TAX POSITION. THE FOUNDATION HAS COMPLETED ITS ASSESSMENT AND DETERMINED THAT THERE ARE NO TAX POSITIONS WHICH WOULD REQUIRE RECOGNITION. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES NETTED WITH RENTAL INCOME -15,690.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES NETTED WITH RENTAL INCOME 15,690.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1VPM MEDIA CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 SESAME STREETAddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23235ZIPCd
FieldValueIRS element (for citing)
Recipient EIN540735782RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$7,496,488CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantTO ADVANCE THE ORGANIZATION'S PURPOSE AS A PUBLIC MEDIA OUTLETPurposeOfGrantTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JAYME SWAIN
CEO AND PRESIDENT$0$413,572$0$22,500$0$0$0$11,250$0$17,249$0$464,571$0$0
DANIEL SMYTHE
CHIEF INVESTMENT OFFICER$0$295,457$0$0$0$0$0$12,000$0$17,104$0$324,561$0$0
GARY OMETER
CFO$0$248,454$0$3,000$0$0$0$1,500$0$17,249$0$270,203$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6PER ARTICLE 5 OF THE ARTICLES OF INCORPORATION, VPM MEDIA CORPORATION IS THE SOLE MEMBER OF THE VIRGINIA FOUNDATION FOR PUBLIC MEDIA.
FORM 990, PART VI, SECTION A, LINE 7APER ARTICLE 6 OF THE ARTICLES OF INCORPORATION, THE MAJORITY OF THE DIRECTORS FOR THE VIRGINIA FOUNDATION FOR PUBLIC MEDIA ARE APPOINTED DIRECTORS. APPOINTED DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS OF VPM MEDIA CORPORATION AND EACH APPOINTED DIRECTOR SHALL BE A DIRECTOR OF VPM MEDIA CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CIF A CONFLICT OF INTEREST IS DEEMED TO EXIST, THE PERSON HAVING THE CONFLICT OF INTEREST SHALL NOT PARTICIPATE OR ATTEND, VOTE ON, OR USE HIS OR HER PERSONAL INFLUENCE IN CONNECTION WITH THE DISCUSSIONS, DELIBERATIONS, OR VOTE WITH RESPECT TO SUCH CONTRACT, TRANSACTION, ARRANGEMENT OR RELATED MATTERS AFFECTING THE FOUNDATION. AT LEAST ANNUALLY, EACH DIRECTOR OR OFFICER SHALL SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON HAS (1) RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (2) HAS READ AND UNDERSTANDS THE POLICY, (3) HAS AGREED TO COMPLY WITH THE POLICY, AND (4) UNDERSTANDS THAT THE FOUNDATION IS A CHARITABLE ORGANIZATION AND, TO MAINTAIN ITS FEDERAL TAX EXEMPTION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE FOUNDATION MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS EXEMPT PURPOSES. FURTHER, EACH DIRECTOR OR OFFICER SHALL COMPLETE AND SIGN AN ANNUAL DISCLOSURE OF INTERESTS AND A FORM 990 DISCLOSURE STATEMENT.
FORM 990, PART VI, SECTION B, LINE 15ATHE FOUNDATION'S BOARD OF DIRECTORS WILL DETERMINE EXECUTIVE LEADERSHIP COMPENSATION BASED UPON SIMILAR ROLES AND INDUSTRIES.
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION'S ORGANIZATIONAL DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line113-17 EAST BROAD STREETBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 SESAME STREETAddressLine1Txt
CityNORTH CHESTERFIELDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23235ZIPCd
FieldValueIRS element (for citing)
EIN934625392EIN
Primary ActivitiesOWNING & LEASING COMMERCIAL REAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateVALegalDomicileStateCd
Total Income$24,046TotalIncomeAmt
End Of Year Assets$10,110,478EndOfYearAssetsAmt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1VPM MEDIA CORPORATION (FKA COMMONWEALTH PUBLIC BROADCASTING)BusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 SESAME STREETAddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23235ZIPCd
FieldValueIRS element (for citing)
EIN540735782EIN
Primary ActivitiesPUBLIC BROADCASTINGPrimaryActivitiesTxt
Legal Domicile StateVALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1VPM MEDIA CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$7,496,488InvolvedAmt
Method Of Amount DeterminationCASHMethodOfAmountDeterminationTxt

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