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Nonprofiteer
← VIRGINIA FOUNDATION FOR LD STUDENTS

Form 990 for tax year 2024

Filed by VIRGINIA FOUNDATION FOR LD STUDENTS.

Totals

Total revenue
$697,291
Total expenses
$362,295
Contributions and grants received
$697,291
Grants paid
$333,888
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$430,433
Total liabilities, end of year
$36
Net assets or fund balances, end of year
$430,397
Program services expenses (Part IX)
$343,721
Management and general expenses
$18,574
Fundraising expenses
$0
Program service expenses (Part III)
$343,721

Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $697,291

  • 1g · Noncash contributions included above

    $360,116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $333,888 · program services $333,888

  • 11b · Fees: legal

    total $250 · management and general $250

  • 11c · Fees: accounting

    total $7,650 · management and general $7,650

  • 16 · Occupancy

    total $6,000 · program services $3,000 · management and general $3,000

  • 23 · Insurance

    total $1,312 · program services $656 · management and general $656

  • 24a · Other expenses: ADMINISTRATIVE

    total $12,355 · program services $6,177 · management and general $6,178

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $444 · management and general $444

  • 24c · Other expenses: BANK FEES

    total $396 · management and general $396

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $246,672 · end of year $430,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $36 · end of year $36

  • 25 · Other liabilities

    beginning of year $151,235 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $95,401 · end of year $430,397

Mission and programs · 2024

Mission

THE VIRGINIA FOUNDATION FOR LD STUDENTS WAS ESTABLISHED TO SERVE STUDENTS WITH FINANCIAL NEED WHOSE LIVES WOULD BE TRANSFORMED BY AN INDIVIDUALIZED EDUCATION. STUDENTS SUPPORTED BY THIS FOUNDATION COME FROM A WIDE RANGE OF SOCIOECONOMIC BACKGROUNDS; OVER 20% OF FAMILIES CURRENTLY RECEIVING TUITION ASSISTANCE LIVE AT OR BELOW THE FEDERAL POVERTY LEVEL. SUPPORTERS OF THIS EDUCATIONAL FOUNDATION SECURE OUR ABILITY TO OFFER STUDENTS CRITICAL SCHOLARSHIP FUNDS, WHILE AT THE SAME TIME REALIZING SIGNIFICANT TAX SAVINGS FOR DONORS. THE IMPACT OF YOUR GIFT TO VFLDS IS TRULY LIFE CHANGING.

  • THE VIRGINIA FOUNDATION FOR LD STUDENTS WAS ESTABLISHED TO SERVE STUDENTS WITH FINANCIAL NEED WHOSE LIVES WOULD BE TRANSFORMED BY AN INDIVIDUALIZED EDUCATION. STUDENTS SUPPORTED BY THIS FOUNDATION COME FROM A WIDE RANGE OF SOCIOECONOMIC BACKGROUNDS; OVER 20% OF FAMILIES CURRENTLY RECEIVING TUITION ASSISTANCE LIVE AT OR BELOW THE FEDERAL POVERTY LEVEL. SUPPORTERS OF THIS EDUCATIONAL FOUNDATION SECURE OUR ABILITY TO OFFER STUDENTS CRITICAL SCHOLARSHIP FUNDS, WHILE AT THE SAME TIME REALIZING SIGNIFICANT TAX SAVINGS FOR DONORS. THE IMPACT OF YOUR GIFT TO VFLDS IS TRULY LIFE CHANGING.

    Expenses $343,721 · Grants $333,888

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joanne L Webster

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Matt Benedetti

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Josh Myers

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Darlene Pierro

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Davis Rennolds

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
30 January 2026
IRS schema version
2024v5.5
Source object
202620309349300702

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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