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← VIRGINIA HOME FOR BOYS AND GIRLS FOUNDATION

Form 990 for tax year 2024

Filed by VIRGINIA HOME FOR BOYS AND GIRLS FOUNDATION.

Totals

Total revenue
$1,652,904
Total expenses
$1,364,810
Contributions and grants received
$0
Grants paid
$1,275,000
Program service revenue
$0
Investment income
$1,624,764
Other revenue
$28,140
Total assets, end of year
$30,125,477
Total liabilities, end of year
$1,576,558
Net assets or fund balances, end of year
$28,548,919
Program services expenses (Part IX)
$1,275,000
Management and general expenses
$89,810
Fundraising expenses
$0
Program service expenses (Part III)
$1,275,000

Program services were 93.4% 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.

  • 3 · Investment income

    total $799,009 · excluded $799,009

  • 7a · Gross sales of assets other than inventory

    securities $6,644,554

  • 7b · Less cost or other basis and sales expenses

    securities $5,818,799

  • 7c · Gain or loss

    securities $825,755

  • 7d · Net gain or loss

    total $825,755 · excluded $825,755

  • 11a · Other revenue: BEQUEST INCOME RECEIVED FROM VHBG

    total $28,140 · related or exempt $28,140

  • 11e · Other revenue, total

    $28,140

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,275,000 · program services $1,275,000

  • 11a · Fees: management

    total $89,810 · management and general $89,810

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $178,667 · end of year $237,022

  • 4 · Accounts receivable

    beginning of year $23 · end of year $19

  • 11 · Investments: publicly traded securities

    beginning of year $28,117,029 · end of year $29,888,436

  • 25 · Other liabilities

    beginning of year $1,576,558 · end of year $1,576,558

  • 27 · Net assets without donor restrictions

    beginning of year $26,719,161 · end of year $28,548,919

Mission and programs · 2024

Mission

EXCLUSIVELY SUPPORTS THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE VIRGINIA HOME FOR BOYS AND GIRLS.

  • EXCLUSIVELY SUPPORTS THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE VIRGINIA HOME FOR BOYS AND GIRLS.

    Expenses $1,275,000 · Grants $1,275,000

As filed on the 2024 return.

Listed in Part VII

  • Madison Wootton

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tiff Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Busser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Farmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie Harlow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan Hess

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Virginia Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Steinbrugge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claiborne Warner

    PRESIDENT

    Total calculated
    $231,707
    From this org
    $0
    From related orgs
    $208,880
    Other
    $22,827
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,880 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,136 related
    Nontaxable benefits
    $0 + $18,691 related
    Filer's total
    $0 + $231,707 related

  • Sandra McKinney

    CFO

    Total calculated
    $128,375
    From this org
    $0
    From related orgs
    $118,556
    Other
    $9,819
    Hours/week
    1 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543169349306709

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