Virginia · Nonprofit
VENTURE RICHMOND INC
VENTURE RICHMOND INC (Virginia) receives grants from 23 organizations whose IRS filings report $1,617,922 to it, the largest being DOMINION ENERGY CHARITABLE FOUNDATION ($655,000). 14 of them have funded it in more than one year.
- Revenue FY2025
- $14M
- Funders on record
- 23
- Grants received
- $1.6M
- Net assets
- $14M
What Venture Richmond Inc does
Mission
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.
As stated on its FY2025 Form 990.
Programs
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.
$3,118,352 spent$2,224,804 earned by the program39% of program spendingRichmond 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.
$2,043,923 spent$1,616,878 earned by the program26% of program spendingVenture 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.
$1,331,539 spent$1,056,685 earned by the program17% of program spendingOther programs
$1,510,220 spent$1,171,711 earned by the program19% of program spending
The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $8,004,034.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $8.8M to $14M (+63%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 20% · 2018 21% · 2019 19% · 2020 34% · 2021 23% · 2022 17% · 2023 26% · 2024 16% · 2025 13%. Grants only. Government contracts and fees sit inside program revenue.
64% of VENTURE RICHMOND INC’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Lisa Sims
President & CEO
Board chair
Farhad Aghdami
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 6 funders, grant income rose $3k → $424k.
2 of 23 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 2% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $491k from 3 payers (the payer shares this organization's board, largest The Community Foundation Inc). These are real filings, and they are not money VENTURE RICHMOND INC raised.
From the IRS filings of VENTURE RICHMOND INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
VENTURE RICHMOND INC leans on a few funders — its largest provides 40% of grant income and the top three 70%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 100% · 2019 68% · 2020 53% · 2021 74% · 2022 43% · 2023 36% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
44% of VENTURE RICHMOND INC's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
83% of VENTURE RICHMOND INC's grant income comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $31k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
VENTURE RICHMOND INC runs a healthier operating margin than three-quarters of the 328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 328 community improvement nonprofits $10M–$100M, FY2025
Government funding VENTURE RICHMOND INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $60k on record.
- National Endowment for the Arts$60k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like VENTURE RICHMOND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
93% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Riverfront Canal Cruises LLC · disregarded
- Venture Richmond Events LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for VENTURE RICHMOND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds VENTURE RICHMOND INC?
- VENTURE RICHMOND INC (Virginia) receives grants from 23 organizations whose IRS filings report $1,617,922 to it, the largest being DOMINION ENERGY CHARITABLE FOUNDATION ($655,000). 14 of them have funded it in more than one year.
- How many funders does VENTURE RICHMOND INC have?
- IRS filings report 23 organizations giving $1,617,922 in grants to VENTURE RICHMOND INC, 14 of which have funded it in more than one year.
- Who is the largest funder of VENTURE RICHMOND INC?
- DOMINION ENERGY CHARITABLE FOUNDATION is the largest funder on record, with $655,000 in grants. The full list of funders is on this page.
- How can an organization like VENTURE RICHMOND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 23 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing