-
Year, State Incorporated
2000, VA
-
-
-
Stated Purpose
"to develop and help sustain organizations, programs and services that contribute to the vibrant central Virginia community and share the values of diversity, inclusion, individual dignity, equality and civic engagement."
Diversity Richmond envisions a community where LGBTQ+ citizens are treated with respect and dignity, and their unique gifts are championed and celebrated, thereby strengthening community. The organization hosts LGBTQ+ events, provides safe spaces to gather, and connects others to LGBTQ+ affirmative resources and organizations. Diversity Richmond?s Iridian Gallery champions and fosters LGBTQ+ artists. The organization?s grant program supports programs and organizations that champion LGBTQ+ issues. Diversity Richmond also runs a thrift store to raise funds for the cause.
For the year ended December 31, 2019, Diversity Richmond's program expenses were:
Program services |
$1,103,784 |
Total Program Expenses: |
$1,103,784 |
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 16% of related contributions. (Related contributions, which totaled $188,742, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Diversity Richmond's audited financial statements for the year ended December 31, 2019.
Source of Funds |
Thrift and miscellaneous sales |
$1,111,873 |
Contributions |
$183,017 |
Rental income |
$160,925 |
Interest income |
$12,490 |
Bingo revenue, net of direct expenses |
$5,725 |
Other income |
$1,683 |
Program income |
$239 |
Total Income |
$1,475,952 |
- Programs: 90%
- Administrative: 8%
- Fundraising: 2%
Total Income |
$1,475,952 |
Program expenses |
$1,103,784 |
Fundraising expenses |
$30,787 |
Administrative expenses |
$102,330 |
Other expenses |
$0 |
Total expenses: |
$1,236,901 |
Income in Excess of Expenses |
$239,051 |
Beginning Net Assets |
$1,535,040 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$1,774,091 |
Total Liabilities |
$842,057 |
Total Assets |
$2,616,148 |
Note: According to Diversity Richmond's 2019 audited financial statements, the organizaion received in-kind contributions of $1,222,873 in used thrift store items.