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Nonprofiteer
← VIRGINIA NEW MAJORITY EDUCATION FUND

Form 990 for tax year 2023

Filed by VIRGINIA NEW MAJORITY EDUCATION FUND.

Totals

Total revenue
$6,270,822
Total expenses
$7,084,683
Contributions and grants received
$6,270,500
Grants paid
$0
Program service revenue
$0
Investment income
$322
Other revenue
$0
Total assets, end of year
$1,374,112
Total liabilities, end of year
$665,831
Net assets or fund balances, end of year
$708,281
Program services expenses (Part IX)
$6,026,932
Management and general expenses
$1,057,751
Fundraising expenses
$0
Program service expenses (Part III)
$6,026,932

Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Jonathan Liss

    Co-Executive Director

    Total calculated
    $162,887
    From this org
    $0
    From related orgs
    $162,887
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,887 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $162,887 related

  • Tram Nguyen

    Co-Executive Director

    Total calculated
    $157,887
    From this org
    $0
    From related orgs
    $157,887
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,887 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $157,887 related

  • Margie del Castillo

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Charlene Sinclair

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • David Broder

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Doris Crouse Mays

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jamaa Bickley King

    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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3
The board reviews and compares compensation of directors at comparable organizations in the state through publicly available data and surveys.

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.

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.

  • New Virginia Majority

    501c4 · social welfare organization, advocacy · VA

    Directly controlled by Board of Directors

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v6.0
Source object
202520419349300412

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