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← VIRGINIA GROWTH AND OPPORTUNITY FOUNDATION

Form 990 for tax year 2023

Filed by VIRGINIA GROWTH AND OPPORTUNITY FOUNDATION.

Totals

Total revenue
$729,750
Total expenses
$188,609
Contributions and grants received
$729,600
Grants paid
$0
Program service revenue
$0
Investment income
$150
Other revenue
$0
Total assets, end of year
$670,880
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$670,880
Program services expenses (Part IX)
$180,979
Management and general expenses
$7,630
Fundraising expenses
$0
Program service expenses (Part III)
$180,979

Program services were 96.0% 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

    $729,600

  • 3 · Investment income

    total $150 · excluded $150

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,275 · management and general $5,275

  • 11g · Fees: other

    total $170,000 · program services $170,000

  • 12 · Advertising and promotion

    total $1,808 · program services $1,808

  • 13 · Office expenses

    total $73 · management and general $73

  • 14 · Information technology

    total $2,926 · program services $2,926

  • 17 · Travel

    total $173 · program services $173

  • 19 · Conferences, conventions and meetings

    total $6,072 · program services $6,072

  • 23 · Insurance

    total $1,987 · management and general $1,987

  • 24a · Other expenses: Registration & License

    total $295 · management and general $295

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $804

  • 2 · Savings and temporary cash investments

    beginning of year $128,951 · end of year $670,880

  • 29 · Capital stock, trust principal or current funds

    beginning of year $129,755 · end of year $670,880

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Educate Virginians about the importance of collaboration in each region to promote economic development, disseminate information on best practices, and promote private sector economic development.

Activities or mission (Part I)

Educate Virginia about the importance of regional cooperation in economic development.

  • Educate Virginians about the importance of collaboration in each region to promote economic development, disseminate information on best practices, and promote private sector economic development.

    Expenses $180,979

As filed on the 2023 return.

Listed in Part VII

  • Nancy Agee

    Director

    Total calculated
    $0
    Hours/week
    1

  • S Robert Aston Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Harry Byrd III

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ben Davenport Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Heywood Fralin

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • William Fralin Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Goodwin Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Kelly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Howard Kern Retired 2023

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Luke Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • G Gilmer Minor III DOD 542023

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Moorman IV No longer active

    Director

    Total calculated
    $0
    Hours/week
    0

  • Kevin Murphy

    Director

    Total calculated
    $0
    Hours/week
    1

  • JJ Smith Resigned 2023

    Director

    Total calculated
    $0
    Hours/week
    1

  • Todd Stottlemyer

    Chairman

    Total calculated
    $0
    Hours/week
    3

  • Barry Duval

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Wynne DOD 10252023

    Chairman

    Total calculated
    $0
    Hours/week
    3

  • Faraaz Yousef

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Boykin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dennis Matheis

    Director

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.1
Source object
202442569349300899

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