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Filing year 2024

LAFAYETTE RIVER FOUNDATION

Norfolk, Virginia·EIN 02-0729969·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.7M
Total assets
$14.5M
Total expenses
$1.5M
Reported officers
2

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia.

Trustee
Board Member
75th to 90th percentile
$30k
$32k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at LAFAYETTE RIVER FOUNDATION equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
2%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.4M

Itemized grants

4

Median grant

$188k

RecipientLocationPurposeAmount
VIRGINIA ARTS FESTIVALNORFOLK, VAVARIOUS PROGRAMS$975k
VIRGINIA OPERANORFOLK, VAVARIOUS PROGRAMS$225k
VIRGINIA MUSEUM OF CONTEMPORARY ARTVIRGINIA BEACH, VAVARIOUS PROGRAMS$150k
WHRO PUBLIC MEDIANORFOLK, VAVARIOUS PROGRAMS$50k
Compare this foundation's grantees

Held steady
from 2023

From $30k in 2023 to $30k in 2024.

$30k
2023
$30k
2024
In today's dollarsEst.
Down 3% in real terms$33k to $32k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay held roughly steady from 2023 to 2024, while revenue rose 93%.

$30k in 2023 to $30k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about LAFAYETTE RIVER FOUNDATION

What does the Board Member of LAFAYETTE RIVER FOUNDATION earn?

In 2024, the Board Member of LAFAYETTE RIVER FOUNDATION received $30,000 in total compensation. This pay is in the top quarter for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Virginia, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at LAFAYETTE RIVER FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia, the 2024 pay of the Board Member at LAFAYETTE RIVER FOUNDATION falls between the 75th and 90th percentiles. In 2024, the highest total compensation at LAFAYETTE RIVER FOUNDATION equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are LAFAYETTE RIVER FOUNDATION's revenue and expenses?

In 2024, LAFAYETTE RIVER FOUNDATION reported $1.7M in total revenue and $1.5M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.