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Nonprofiteer
← VIRGINIA FORESTRY EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by VIRGINIA FORESTRY EDUCATIONAL FOUNDATION.

Totals

Total revenue
$349,442
Total expenses
$397,547
Contributions and grants received
$81,373
Grants paid
$309,970
Program service revenue
$0
Investment income
$268,069
Other revenue
$0
Total assets, end of year
$9,008,611
Total liabilities, end of year
$189
Net assets or fund balances, end of year
$9,008,422
Program services expenses (Part IX)
$320,812
Management and general expenses
$72,692
Fundraising expenses
$4,043
Program service expenses (Part III)
$320,812

Program services were 80.7% 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

    $81,373

  • 3 · Investment income

    total $176,643 · excluded $176,643

  • 7a · Gross sales of assets other than inventory

    securities $665,000

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

    securities $573,574

  • 7c · Gain or loss

    securities $91,426

  • 7d · Net gain or loss

    total $91,426 · related or exempt $91,426

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $139,920 · program services $139,920

  • 2 · Grants to domestic individuals

    total $170,050 · program services $170,050

  • 11a · Fees: management

    total $26,000 · management and general $26,000

  • 11c · Fees: accounting

    total $16,166 · management and general $16,166

  • 11f · Fees: investment management

    total $24,223 · management and general $24,223

  • 11g · Fees: other

    total $8,950 · program services $8,950

  • 16 · Occupancy

    total $283 · management and general $283

  • 17 · Travel

    total $1,091 · management and general $1,091

  • 19 · Conferences, conventions and meetings

    total $1,892 · program services $1,892

  • 23 · Insurance

    total $2,491 · management and general $2,491

  • 24a · Other expenses: PRINTING AND MAILING

    total $4,043 · fundraising $4,043

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $1,331 · management and general $1,331

  • 24c · Other expenses: OTHER

    total $1,107 · management and general $1,107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,165 · end of year $81,086

  • 2 · Savings and temporary cash investments

    beginning of year $492,455 · end of year $320,796

  • 4 · Accounts receivable

    beginning of year $1,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,013 · end of year $2,064

  • 11 · Investments: publicly traded securities

    beginning of year $7,341,737 · end of year $8,604,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $273 · end of year $189

  • 27 · Net assets without donor restrictions

    beginning of year $4,544,877 · end of year $5,473,355

  • 28 · Net assets with donor restrictions

    beginning of year $3,382,220 · end of year $3,535,067

Mission and programs · 2023

Mission

PROVIDE PERMANENT FINANCIAL SUPPORT FOR THE CHARITABLE, EDUCATIONAL AND RESEARCH ACTIVITIES OF THE VIRGINIA FORESTRY AND FOREST PRODUCT COMMUNITIES.

  • STUDENT SCHOLARSHIPS - VIRGINIA FORESTRY EDUCATIONAL FOUNDATION (VFEF) CONTRIBUTES BOARD APPROVED FUNDS TO VIRGINIA TECH'S FORESTRY SCHOOL AND RELIES ON THE SCHOOL'S JUDGEMENT AS TO WHO SHOULD RECEIVE THE INDIVIDUAL SCHOLARSHIPS. VIRGINIA TECH SENDS A LIST OF RECIPIENTS TO VFEF TO SUPPORT THE SCHOLARSHIP DISBURSEMENT.

    Expenses $197,000 · Grants $188,050

  • SPECIAL EDUCATIONAL PROJECTS - REPRESENTS VARIOUS PRIZES AND AWARDS GIVEN TO 4-H, INTERNET WOODY PLANTS AND YOUTH EDUCATION, TEACHERS TOURS SE VIRGINIA, AND HOLIDAY LAKE FORESTRY CAMP FOR ACTIVITIES. THESE GROUPS SPONSOR ACTIVITIES RELATING TO THE FORESTRY INDUSTRY, CONSERVATION, SERVICES TO EDUCATE YOUTH ABOUT THE IMPORTANCE OF ENVIRONMENTAL AND FOREST PRODUCTS, AND OTHER RELATED EXPENSES.

    Expenses $107,032 · Grants $105,140

  • PROJECT LEARNING TREE - A PROJECT UNDERTAKEN FOR THE PURPOSE OF CONDUCTING TRAINING WORKSHOPS FOR SCHOOL TEACHERS AND FOR PROVIDING FORESTRY EDUCATIONAL MATERIALS TO SCHOOLS IN VIRGINIA.

    Expenses $16,780 · Grants $16,780

As filed on the 2023 return.

Listed in Part VII

  • Lavan Dauberman

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Matt Dowdy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brad Fuller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mike Hincher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beth Hutchins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • E Glen Worrell Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Reaston Loving

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shannon McCabe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ken Morgan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Carolyn Mulligan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Jay Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Youngblood

    TREASURER

    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.

Grants on this return

  • HOLIDAY LAKE 4-H

    $54,170

    YOUTH EDUCATION

  • VIRGINIA PROJECT LEARNING TREE CO

    $16,780

    YOUTH EDUCATION

  • VIRGINIA FFA FOUNDATION

    $14,000

    YOUTH EDUCATION

  • MOUNTAIN GATE COMMUNITY COLLEGE

    $12,000

    SCHOLARSHIPS FOR EDU

  • JAMESTOWN 4-H CENTER

    $8,500

    YOUTH EDUCATION

  • NORTHERN VIRGINIA 4-H CENTER

    $7,200

    YOUTH EDUCATION

  • SOUTHWEST VA SAF CHAPTER

    $6,000

    YOUTH EDUCATION

  • VIRGINIA POLYTECHNIC INSTITUTE

    $6,000

    SCHOLARSHIPS

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
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202411359349312136

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