2025-05-14T13:29:27-05:00 2024-12-31 541631262 KEITER STEPHENS HURST GARY & SHREAVES 4401 DOMINION BLVD GLEN ALLEN VA 23060 990 2024-01-01 521256458 VENTURE RICHMOND INC VENT 8047886470 200 SOUTH THIRD STREET RICHMOND VA 23219 LISA W SIMS PRESIDENT & CEO 8047886470 2025-05-14 1 1 JAYME MIKA P00852731 8047470000 2024 2025-03-06 01:10:19Z LISA W SIMS 200 SOUTH THIRD STREET RICHMOND VA 23219 8613585 0 X WWW.VENTURERICHMOND.COM X 1984 VA PROVIDE RESOURCES TO PROMOTE DOWNTOWN RICHMOND, VIRGINIA 57 57 43 1000 0 0 3229214 3316500 4853734 5216385 263 80670 0 0 8083211 8613555 0 0 0 0 1626322 1865665 0 0 368385 5503065 6023594 7129387 7889259 953824 724296 8212240 8837456 288640 189560 7923600 8647896 X 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. 0 0 2459622 2423756 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. 1951013 3076478 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. 1179102 985905 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. 1701451 1417551 1701451 1417551 7291188 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 156 0 1 43 1 0 0 0 0 0 0 0 0 0 0 X 57 57 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 VA X CAROL WALLS 8047886468 200 SOUTH THIRD STREET RICHMOND VA 23219 FARHAD AGHDAMI CHAIRMAN 5.00 X X 0 0 0 DEVON HENRY VICE CHAIRMAN 5.00 X X 0 0 0 LEVAR M STONEY PRESIDENT 5.00 X X 0 0 0 JOI DEAN SECRETARY 5.00 X X 0 0 0 PAULA PANDO TREASURER 5.00 X X 0 0 0 DARIUS JOHNSON PAST CHAIRMAN 5.00 X X 0 0 0 BRIAN JACKSON GENERAL COUNSEL 5.00 X X 0 0 0 MAKOLA ABDULLAH DIRECTOR 2.00 X 0 0 0 CHRIS ACCASHIAN DIRECTOR 2.00 X 0 0 0 NEIL AMIN DIRECTOR 2.00 X 0 0 0 SHERRIE ARMSTRONG DIRECTOR 2.00 X 0 0 0 JOHN BAKER DIRECTOR 2.00 X 0 0 0 EDWARD H BAINE DIRECTOR 2.00 X 0 0 0 BECKY BAREFORD DIRECTOR 2.00 X 0 0 0 VICTOR BRANCH DIRECTOR 2.00 X 0 0 0 CHANDRA BRIGGMAN DIRECTOR 2.00 X 0 0 0 JOHN BUCKBEE DIRECTOR 2.00 X 0 0 0 GERALD BURR DIRECTOR 2.00 X 0 0 0 KELLY CHOPUS DIRECTOR 2.00 X 0 0 0 PAT COLLINS DIRECTOR 2.00 X 0 0 0 SHARON DABNEY-WOOLDRIDGE DIRECTOR 2.00 X 0 0 0 CHRISTINE G DANIELS DIRECTOR 2.00 X 0 0 0 BEN DESSART DIRECTOR 2.00 X 0 0 0 SUSAN DEWEY DIRECTOR 2.00 X 0 0 0 MOSES FOSTER DIRECTOR 2.00 X 0 0 0 LEWANDA SIMS-GALLIMORE DIRECTOR 2.00 X 0 0 0 THOMAS GAYNER DIRECTOR 2.00 X 0 0 0 DOUGLAS GRANGER DIRECTOR 2.00 X 0 0 0 RICK GERGORY DIRECTOR 2.00 X 0 0 0 KYM GRINNAGE DIRECTOR 2.00 X 0 0 0 KEVIN HALLOCK DIRECTOR 2.00 X 0 0 0 MONROE E HARRIS JR DMD DIRECTOR 2.00 X 0 0 0 MICHAEL HENLEY DIRECTOR 2.00 X 0 0 0 CONNIE HOM DIRECTOR 2.00 X 0 0 0 CHRIS JOHNSON DIRECTOR 2.00 X 0 0 0 LESTER JOHNSON DIRECTOR 2.00 X 0 0 0 ROB JONES DIRECTOR 2.00 X 0 0 0 JASON KAMRAS DIRECTOR 2.00 X 0 0 0 HAKIM LUCAS DIRECTOR 2.00 X 0 0 0 CHARLES MACFARLANE DIRECTOR 2.00 X 0 0 0 MICHAEL MANSON DIRECTOR 2.00 X 0 0 0 FLOYD MILLER DIRECTOR 2.00 X 0 0 0 KRISTEN NYE DIRECTOR 2.00 X 0 0 0 SHAWN O'BRIEN DIRECTOR 2.00 X 0 0 0 LESLIE PARPART DIRECTOR 2.00 X 0 0 0 BURT PINNOCK DIRECTOR 2.00 X 0 0 0 MICHAEL RAO DIRECTOR 2.00 X 0 0 0 ELLEN ROBERTSON DIRECTOR 2.00 X 0 0 0 LISA RUGGLES DIRECTOR 2.00 X 0 0 0 JACQUELYN E STONE DIRECTOR 2.00 X 0 0 0 CHRIS TSUI DIRECTOR 2.00 X 0 0 0 TED UKROP DIRECTOR 2.00 X 0 0 0 MASSIE VALENTINE DIRECTOR 2.00 X 0 0 0 NED VALENTINE DIRECTOR 2.00 X 0 0 0 MARILYN WEST DIRECTOR 2.00 X 0 0 0 MICHAEL WILLIAMS DIRECTOR 2.00 X 0 0 0 ADRIENNE WRIGHT DIRECTOR 2.00 X 0 0 0 SAMUEL YOUNG DIRECTOR 2.00 X 0 0 0 LISA SIMS PRESIDENT & CEO 40.00 X 247510 0 27949 LUCY MEADE DIRECTOR OF ECONOMIC DEVEL 40.00 X 177490 0 19826 ANEDRA BOURNE DEPUTY EXECUTIVE DIRECTOR 40.00 X 175909 0 18280 STEPHEN R LECKY DIRECTOR OF EVENTS 40.00 X 152564 0 15900 CAROL L WALLS FINANCE MANAGER 40.00 X 136510 0 9887 ERIKA GAY DIRECTOR OF MARKETING AND 40.00 X 110353 0 12595 1000336 0 104437 7 0 1 0 STREETPLUS COMPANY LLC 254 36TH STREET SUITE C312 BROOKLYN NY 11231 CLEANING/SAFETY 795735 3 NORTH PLLC 4015 FITZHUGH AVE RICHMOND VA 23230 ARCHITECTURAL DESIGN - BROWN'S ISLAND IM 422493 NATIONAL COUNCIL FOR THE TRADITIONAL ART 8757 GEROGIA AVENUE SUITE 450 SILVER SPRING MD 20910 EVENT PLANNING AND COORDINATION 305701 COMMUNITY BUSINESS GROUP LTD 201 EAST CLAY STREET FIRST FLOOR RICHMOND VA 23219 CLEANING/SAFETY 276797 THE CURTIS GROUP 2512 SHEPHARDS LANE VIRGINIA BEACH VA 23454 FUNDRAISING CONSULTANTS 189127 8 1361537 1954963 3316500 PROPERTY OWNER ASSESSM 561499 3282250 3282250 PROGRAMS AND EVENTS 711300 1934135 1934135 5216385 80700 80700 30 -30 -30 -30 8613555 5216385 0 80670 X 275460 212104 33055 30301 1468790 1132122 176342 160326 121415 96232 13139 12044 18387 16195 2192 13042 4763 8279 467377 314600 -9724 162501 546932 546758 116 58 84415 82433 1315 667 34443 33410 689 344 64380 62842 1025 513 40022 38838 789 395 108554 108344 140 70 295890 295344 364 182 CLEAN, SAFE AND GREEN P 1279868 1279868 EQUIPMENT RENTAL AND EX 494685 494685 BROWN'S ISLAND IMPROVEM 378599 378599 SECURITY 303198 303198 1893802 1890853 1965 984 7889259 7291188 229686 368385 4908492 5351831 310292 16346 24432 93756 121534 4402429 1425859 3085124 2976570 108522 52797 8212240 8837456 174973 136763 2400 111267 52797 288640 189560 X 7894225 8337604 29375 310292 7923600 8647896 8212240 8837456 724296 0 X 0 1 X 1 0 X 1803957 2140374 1893203 3229214 2576557 11643305 1939415 2122436 2236705 2235797 3282250 11816603 3743372 4262810 4129908 5465011 5858807 23459908 23459908 612 226 184 263 80700 81985 23541893 9544170 0.99650 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2584680 2584680 116594 116594 0 832517 756994 75523 868638 552271 316367 2976570 OPERATING LEASE LIABILITY 52797 52797 X PART X, LINE 2: THE CORPORATION IS A QUALIFIED NONPROFIT CHARITABLE ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA AND WILL BE TAXED ONLY TO THE EXTENT IT HAS TAXABLE TRADE OR BUSINESS INCOME UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. VENTURE RICHMOND EVENTS, LLC AND RIVERFRONT CANAL CRUISES, LLC ARE DISREGARDED ENTITIES AND ARE TREATED AS SUBSIDIARIES OF VENTURE RICHMOND, INC. FOR FEDERAL TAX PURPOSES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAS NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION. X X X X 0 0 0 0 0 0 0 0 0 LISA SIMS PRESIDENT & CEO 230977 0 16533 0 0 0 26861 0 1088 0 275459 0 0 0 LUCY MEADE DIRECTOR OF ECONOMIC DEVEL 170268 0 7222 0 0 0 18921 0 905 0 197316 0 0 0 ANEDRA BOURNE DEPUTY EXECUTIVE DIRECTOR 164239 0 11670 0 0 0 17500 0 780 0 194189 0 0 0 STEPHEN R LECKY DIRECTOR OF EVENTS 145580 0 6984 0 0 0 14907 0 993 0 168464 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS JAMES E. UKROP AND TED UKROP ARE FATHER AND SON DIRECTORS NED VALENTINE AND MASSIE VALENTINE ARE COUSINS DIRECTORS RICHARD GREGORY AND JOHN GREGORY ARE FATHER AND SON FORM 990, PART VI, SECTION B, LINE 11B THE OFFICERS AND FINANCE COMMITTEE REVIEW THE FORM 990 ALONG WITH THE AUDITED FINANCIAL STATEMENTS AT A SCHEDULED MEETING FOLLOWING RECEIPT OF THOSE DOCUMENTS FROM AUDITOR/PAID PREPARER. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS PROVIDED TO EVERY COVERED INDIVIDUAL - THE POLICY DEFINES A CONFLICT OF INTEREST, REQUIRES THAT THE COVERED PERSON DISCLOSE ANY POSSIBLE CONFLICT, OUTLINES PROCEDURES TO MANAGE THE CONFLICT AS WELL AS CORRECTIVE ACTIONS THAT WOULD ENSUE. FORM 990, PART VI, SECTION B, LINE 15 OVERALL SALARY BUDGETS ARE APPROVED BY THE FINANCE COMMITTEE AND APPROVED DURING EXECUTIVE COMMITTEE/BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E ARTIST/PERFORMERS: PROGRAM SERVICE EXPENSES 295,187. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 295,187. ARTIST/STAFF - FOOD, TRAVEL, HOUSING, AMENITIES: PROGRAM SERVICE EXPENSES 241,906. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 241,906. GROUNDS, CLEANING, LANDSCAPING: PROGRAM SERVICE EXPENSES 215,716. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,716. BEVERAGE COSTS: PROGRAM SERVICE EXPENSES 208,790. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 208,790. CANAL CRUISES, LABOR, BOAT MAINTENANCE AND OPERATIONS: PROGRAM SERVICE EXPENSES 141,844. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 141,844. NCTA: PROGRAM SERVICE EXPENSES 125,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,000. SALES AND ADMISSIONS TAX: PROGRAM SERVICE EXPENSES 103,861. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,861. MAINTENANCE, IMPROVEMENTS AND SMALL EQUIPMENT: PROGRAM SERVICE EXPENSES 89,330. MANAGEMENT AND GENERAL EXPENSES 167. FUNDRAISING EXPENSES 84. TOTAL EXPENSES 89,581. PUBLIC SHUTTLES AND TRANSPORTATION: PROGRAM SERVICE EXPENSES 70,682. MANAGEMENT AND GENERAL EXPENSES 12. FUNDRAISING EXPENSES 6. TOTAL EXPENSES 70,700. MERCHANDISE PURCHASE: PROGRAM SERVICE EXPENSES 63,056. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,056. EVENT EXPENSE AND MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 61,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,113. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 58,799. MANAGEMENT AND GENERAL EXPENSES 1,212. FUNDRAISING EXPENSES 606. TOTAL EXPENSES 60,617. MATERIAL CULTURAL PROGRAM: PROGRAM SERVICE EXPENSES 36,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,500. DOWNTOWN INITIATIVES: PROGRAM SERVICE EXPENSES 35,956. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,956. MISCELLANEOUS EXPENSE: PROGRAM SERVICE EXPENSES 24,303. MANAGEMENT AND GENERAL EXPENSES 125. FUNDRAISING EXPENSES 63. TOTAL EXPENSES 24,491. VOLUNTEER EXPENSES: PROGRAM SERVICE EXPENSES 23,971. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,971. CHILDREN'S PROGRAMMING: PROGRAM SERVICE EXPENSES 23,325. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,325. TELEPHONE AND MOBILE: PROGRAM SERVICE EXPENSES 20,409. MANAGEMENT AND GENERAL EXPENSES 366. FUNDRAISING EXPENSES 184. TOTAL EXPENSES 20,959. OTHER TAXES: PROGRAM SERVICE EXPENSES 18,746. MANAGEMENT AND GENERAL EXPENSES 62. FUNDRAISING EXPENSES 31. TOTAL EXPENSES 18,839. EMS/FIRST AID: PROGRAM SERVICE EXPENSES 18,201. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,201. LICENSES & PERMITS: PROGRAM SERVICE EXPENSES 5,042. MANAGEMENT AND GENERAL EXPENSES 2. FUNDRAISING EXPENSES 1. TOTAL EXPENSES 5,045. OTHER EXPENSES - PRODUCTION: PROGRAM SERVICE EXPENSES 4,713. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,713. EDUCATION PROGRAM: PROGRAM SERVICE EXPENSES 4,403. MANAGEMENT AND GENERAL EXPENSES 19. FUNDRAISING EXPENSES 9. TOTAL EXPENSES 4,431. RIVERFRONT CANAL CRUISES LLC 200 S 3RD STREET RICHMOND VA 23219 811736122 CANAL CRUISES VA 349930 225288 VENTURE RICHMOND INC VENTURE RICHMOND EVENTS LLC 200 S 3RD STREET RICHMOND VA 23219 811709043 EVENTS IN RICHMOND, VA VA 3114997 1041840 VENTURE RICHMOND INC