Form 990 for tax year 2024
Filed by VIRGINIA BUSINESS HIGHER EDUCATION COUNCIL.
Totals
- Total revenue
- $654,712
- Total expenses
- $749,232
- Contributions and grants received
- $654,681
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $31
- Other revenue
- $0
- Total assets, end of year
- $44,918
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $44,918
- Program services expenses (Part IX)
- $677,001
- Management and general expenses
- $46,557
- Fundraising expenses
- $25,674
- Program service expenses (Part III)
- $677,001
Program services were 90.4% 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.
-
1f · All other contributions, gifts and grants
$654,681
-
3 · Investment income
total $31 · excluded $31
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $176,500 · program services $132,375 · management and general $26,475 · fundraising $17,650
-
7 · Other salaries and wages
total $11,247 · program services $8,434 · management and general $1,688 · fundraising $1,125
-
10 · Payroll taxes
total $13,915 · program services $10,436 · management and general $2,087 · fundraising $1,392
-
11a · Fees: management
total $2,250 · program services $1,687 · management and general $338 · fundraising $225
-
11b · Fees: legal
total $2,142 · management and general $2,142
-
11c · Fees: accounting
total $12,953 · management and general $12,953
-
11d · Fees: lobbying
total $53,822 · program services $53,822
-
11g · Fees: other
total $461,178 · program services $461,178
-
13 · Office expenses
total $1,934 · program services $1,451 · management and general $290 · fundraising $193
-
19 · Conferences, conventions and meetings
total $12,931 · program services $7,348 · management and general $530 · fundraising $5,053
-
24a · Other expenses: LICENSES
total $360 · program services $270 · management and general $54 · fundraising $36
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $139,438 · end of year $44,918
-
27 · Net assets without donor restrictions
beginning of year $139,438 · end of year $44,918
Mission and programs · 2024
Mission
TO ENHANCE THE PERFORMANCE OF VIRGINIA'S PUBLIC COLLEGES, UNIVERSITIES AND COMMUNITY COLLEGES AND THEIR FUNDING BY STATE GOVERNMENT, 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 $677,001
As filed on the 2024 return.
Listed in Part VII
-
M KIRKLAND COX
PRESIDENT
- Total calculated
- $176,500
- From this org
- $176,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,500
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $176,500
-
DENNIS H TREACY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
NANCY HOWELL AGEE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
TODD STOTTLEMYER
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
GEORGE K MARTIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
MAKOLA M ABDULLAH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JAVAUNE ADAMS-GASTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
G ROBERT ASTON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ROBERT M BLUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
THOMAS J COSGROVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DAVID DORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CARLY FIORINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CLIFFORD B FLEET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
VICTORIA D HARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DONNA PRICE HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JENNIFER L HUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL KARAFOTIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BILL KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CHARLIE KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
STEPHEN MORET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JAMES B MURRAY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MARK R PACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
TROY D PAINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DELBERT PARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LF PAYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DEBORAH L PETRINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL J QUILLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL RAO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
W TAYLOR REVELEY IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
KATHERINE A ROWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JAMES E RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
TIMOTHY D SANDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MEHUL SANGHANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BECKY SAWYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN C ASBURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BRET DANILOWICZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
HEYWOOD FRALIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN HEMPHILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DEBBIE SYDOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
HOLLY SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
GREGORY WASHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
PRESTON WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CEDRIC WINS
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
- 2024
- Filed
- 5 June 2025
- IRS schema version
- 2024v5.0
- Source object
- 202521719349300012
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