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← VBA EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by VBA EDUCATION FOUNDATION.

Totals

Total revenue
$345,598
Total expenses
$206,420
Contributions and grants received
$295,814
Grants paid
$200,000
Program service revenue
$0
Investment income
$49,784
Other revenue
$0
Total assets, end of year
$1,888,426
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,888,426
Program services expenses (Part IX)
$200,000
Management and general expenses
$6,420
Fundraising expenses
$0
Program service expenses (Part III)
$200,000

Program services were 96.9% 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

    $295,814

  • 3 · Investment income

    total $39,245 · excluded $39,245

  • 7a · Gross sales of assets other than inventory

    securities $10,539

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

    securities $0

  • 7c · Gain or loss

    securities $10,539

  • 7d · Net gain or loss

    total $10,539 · excluded $10,539

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $174,000 · program services $174,000

  • 2 · Grants to domestic individuals

    total $26,000 · program services $26,000

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 11f · Fees: investment management

    total $3,224 · management and general $3,224

  • 13 · Office expenses

    total $131 · management and general $131

  • 24a · Other expenses: BANK SERVICES CHARGES

    total $1,170 · management and general $1,170

  • 24b · Other expenses: OTHER ADMINISTRATIVE EX

    total $70 · management and general $70

  • 24c · Other expenses: TAXES & LICENSES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,133 · end of year $181,073

  • 2 · Savings and temporary cash investments

    end of year $77,146

  • 11 · Investments: publicly traded securities

    beginning of year $1,584,115 · end of year $1,630,207

  • 27 · Net assets without donor restrictions

    beginning of year $1,749,248 · end of year $1,888,426

Mission and programs · 2022

Mission

IT IS THE MISSION OF THE VBA EDUCATION FOUNDATION TO ADVANCE PERSONAL FINANCIAL LITERACY ACROSS THE COMMONWEALTH OF VIRGINIA.

  • FINANCIAL LITERACY TRAINING FOR HIGH SCHOOL STUDENTS AND TEACHERS IN VIRGINIA.

    Expenses $32,000 · Grants $32,000

  • COLLEGE SCHOLARSHIPS FOR HIGH SCHOOL SENIORS

    Expenses $26,000 · Grants $26,000

  • COLLEGE SCHOLARSHIPS FOR SECOND YEAR COMMUNITY COLLEGE STUDENTS

    Expenses $130,000 · Grants $130,000

  • FINANCIAL LITERACY EDUCATION FOR ELEMENTARY SCHOOL STUDENTS AND INDEPENDENT COLLEGE STUDENTS IN VIRGINIA

    Expenses $12,000 · Grants $12,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott C Harvard

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey M Szyperski

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Walter C Ayers

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • T Patrick Collins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Duffee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Haley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leton L Harding Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nathalia D Artus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Knighting

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles H Majors

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary R Shook

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dorothy M Welch MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bruce T Whitehurst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steven C Yeakel Cae

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
8 August 2023
IRS schema version
2022v5.0
Source object
202342209349301614

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