Form 990 for tax year 2022
Filed by VIRGINIA BUSINESS HIGHER EDUCATION COUNCIL.
Totals
- Total revenue
- $523,946
- Total expenses
- $605,964
- Contributions and grants received
- $519,085
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $121
- Other revenue
- $4,740
- Total assets, end of year
- $66,376
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $66,376
- Program services expenses (Part IX)
- $525,525
- Management and general expenses
- $51,037
- Fundraising expenses
- $29,402
- Program service expenses (Part III)
- $525,525
Program services were 86.7% 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
$519,085
-
3 · Investment income
total $121 · excluded $121
-
6a · Gross rents
real property $4,740
-
6c · Rental income or loss
real property $4,740
-
6d · Net rental income or loss
total $4,740 · excluded $4,740
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $249,340 · program services $187,005 · management and general $37,401 · fundraising $24,934
-
11c · Fees: accounting
total $6,935 · management and general $6,935
-
11d · Fees: lobbying
total $53,822 · program services $53,822
-
11g · Fees: other
total $251,178 · program services $251,178
-
13 · Office expenses
total $3,149 · program services $2,362 · management and general $472 · fundraising $315
-
14 · Information technology
total $2,332 · program services $1,749 · management and general $350 · fundraising $233
-
16 · Occupancy
total $8,556 · program services $6,417 · management and general $1,283 · fundraising $856
-
19 · Conferences, conventions and meetings
total $30,192 · program services $22,644 · management and general $4,529 · fundraising $3,019
-
24a · Other expenses: LICENSES
total $445 · program services $333 · management and general $67 · fundraising $45
-
24b · Other expenses: MISCELLANEOUS
total $15 · program services $15
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $148,394 · end of year $66,376
-
27 · Net assets without donor restrictions
beginning of year $148,394 · end of year $66,376
Mission and programs · 2022
Mission
TO ENHANCE THE PERFORMANCE OF VIRGINIA'S PUBLIC COLLEGES, UNIVERSITIES AND COMMUNITY COLLEGES AND THEIR FUNDING BY STATE GOVERNMNENT, TO HAVE A POSITIVE IMPACT ON VIRGINIA'S ECONOMY.
-
HELPED ENSURE THAT THE VIRGINIA GENERAL ASSEMBLY KEPT HIGHER EDUCATION FUNDING AT CURRENT OR ABOVE LEVELS.
Expenses $525,525
As filed on the 2022 return.
Listed in Part VII
-
M Kirkland CoxM KIRKLAND COX
PRESIDENT
- Total calculated
- $77,500
- From this org
- $77,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Donald FinleyDONALD FINLEY
PAST PRESIDE
- Total calculated
- $166,840
- From this org
- $166,840
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $166,840
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $166,840
-
Dennis TreacyDENNIS TREACY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Nancy Howell AgeeNANCY HOWELL AGEE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Todd StottlemyerTODD STOTTLEMYER
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
George MatrinGEORGE MATRIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Heywood FralinHEYWOOD FRALIN
FORMER CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Gilmer Minor IIIGILMER MINOR III
FORMER CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Makola M AbdullahMAKOLA M ABDULLAH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Javaune Adams-GastonJAVAUNE ADAMS-GASTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan R AlgerJONATHAN R ALGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
G Robert Aston JrG ROBERT ASTON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert M BlueROBERT M BLUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Clifford B FleetCLIFFORD B FLEET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Victoria D HarkerVICTORIA D HARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Donna Price HenryDONNA PRICE HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer L HunterJENNIFER L HUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
C Burke KingC BURKE KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James B Murray JrJAMES B MURRAY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark R PaceMARK R PACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Troy D PainoTROY D PAINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Delbert ParksDELBERT PARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deborah PetrineDEBORAH PETRINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael J QuillenMICHAEL J QUILLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael RaoMICHAEL RAO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Katherine A RoweKATHERINE A ROWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James E RyanJAMES E RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Timothy D SandsTIMOTHY D SANDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mehul SanghaniMEHUL SANGHANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gregory WashingtonGREGORY WASHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Preston WhitePRESTON WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John O WynneJOHN O WYNNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342209349301269
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