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← VIRGINIA SOCIETY OF ASSOCIATION EXECUTIVES INC

Form 990 for tax year 2023

Filed by VIRGINIA SOCIETY OF ASSOCIATION EXECUTIVES INC.

Totals

Total revenue
$654,354
Total expenses
$631,172
Contributions and grants received
$198,306
Grants paid
$0
Program service revenue
$440,708
Investment income
$25,628
Other revenue
-$10,288
Total assets, end of year
$719,623
Total liabilities, end of year
$279,857
Net assets or fund balances, end of year
$439,766
Program services expenses (Part IX)
$488,980
Management and general expenses
$142,192
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 77.5% 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.

  • 1b · Membership dues

    $157,135

  • 1c · Fundraising events

    $40,811

  • 1f · All other contributions, gifts and grants

    $360

  • 1g · Noncash contributions included above

    $40,811

  • 2a · Program service revenue: OTHER INCOME

    total $125,574 · related or exempt $125,574

  • 2b · Program service revenue: PROGRAM 4

    total $104,000 · related or exempt $104,000

  • 2c · Program service revenue: PROGRAM 2

    total $94,143 · related or exempt $94,143

  • 2d · Program service revenue: CONFERENCES & MEETINGS

    total $84,185 · related or exempt $84,185

  • 2e · Program service revenue: PROGRAM 3

    total $30,808 · related or exempt $30,808

  • 2f · All other program service revenue

    total $1,998 · unrelated business $1,998

  • 3 · Investment income

    total $22,867 · excluded $22,867

  • 7a · Gross sales of assets other than inventory

    securities $101,235

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

    securities $98,474

  • 7c · Gain or loss

    securities $2,761

  • 7d · Net gain or loss

    total $2,761 · related or exempt $2,761

  • 8a · Fundraising events: gross income

    $25,560

  • 8a · Fundraising events: contributions included on line 1c

    $40,811

  • 8b · Fundraising events: direct expenses

    $44,351

  • 8c · Net income from fundraising events

    total -$18,791 · excluded -$18,791

  • 11a · Other revenue: CAREER HQ/MISC.

    total $8,503 · related or exempt $8,503

  • 11e · Other revenue, total

    $8,503

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $323,990 · program services $220,802 · management and general $103,188

  • 11c · Fees: accounting

    total $10,550 · management and general $10,550

  • 11f · Fees: investment management

    total $5,589 · management and general $5,589

  • 13 · Office expenses

    total $6,492 · program services $245 · management and general $6,247

  • 14 · Information technology

    total $11,681 · program services $11,085 · management and general $596

  • 17 · Travel

    total $2,888 · program services $1,564 · management and general $1,324

  • 19 · Conferences, conventions and meetings

    total $100,768 · program services $100,768

  • 23 · Insurance

    total $1,889 · management and general $1,889

  • 24a · Other expenses: 990-T READERSHIP COST

    total $75,839 · program services $75,839

  • 24b · Other expenses: E&A NEWSLETTER/BANNER SPL

    total $39,631 · program services $39,631

  • 24c · Other expenses: E&A DIRECTORY PROFIT SPLI

    total $18,820 · program services $18,820

  • 24d · Other expenses: OTHER

    total $12,809 · management and general $12,809

  • 24e · All other expenses

    total $20,226 · program services $20,226

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $56,311 · end of year $121,579

  • 4 · Accounts receivable

    beginning of year $1,261 · end of year $1,836

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,236 · end of year $2,963

  • 11 · Investments: publicly traded securities

    beginning of year $526,321 · end of year $593,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,264 · end of year $60,453

  • 19 · Deferred revenue

    beginning of year $208,062 · end of year $219,404

  • 27 · Net assets without donor restrictions

    beginning of year $376,803 · end of year $439,766

Mission and programs · 2023

Mission

VSAE PROMOTES THE EDUCATION, RECOGNITION AND INTERACTION AMONG ASSOCIATION EXECUTIVES IN VIRGINIA TO ENSURE THEIR EFFECTIVENESS AND PROFESSIONALISM.

  • VSAE PRODUCES AN EDUCATIONAL SYMPOSIUM & EXPO EACH YEAR WHICH PROVIDES MEMBERS WITH EDUCATIONAL SEMINARS. THE EXPO ALSO PROVIDES AN OPPORTUNITY FOR MEMBERS TO INTERACT WITH VENDORS THAT PROVIDE SERVICES TO THE ASSOCIATION INDUSTRY.

  • THE ASSOCIATION PROVIDES MONTHLY NEWSLETTERS AND ANNUAL DIRECTORY WITH INDUSTRY INFORMATION.

  • SEMINARS AND MEETINGS PROVIDE SPEAKERS THAT ENABLE ASSOCIATION EXECUTIVES TO DEVELOP AND ENHANCE MANAGEMENT ASSOCIATION SKILLS AS WELL AS AN OPPORTUNITY TO LEARN MORE ABOUT NEW TRENDS IN THE INDUSTRY AND EVENTS IN THE COMMONWEALTH THAT COULD AFFECT THEIR OWN ASSOCIATION MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Steven Williams

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Stewart Hinckley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shannon McCabe

    PRESIDENT EL

    Total calculated
    $0
    Hours/week
    1

  • Christina Lewellen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Lynch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carter Lyons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Sales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abby Tammen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Terry Monroe

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    30

  • Bruce Whitehurst

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Zach Eisenman

    DEPUTY EXECU

    Total calculated
    $0
    Hours/week
    10

  • Ann Hayes

    ASSOCIATE ME

    Total calculated
    $0
    Hours/week
    1

  • Craig Toalson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randy Grumbine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Megan Williams

    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
7 March 2024
IRS schema version
2023v4.0
Source object
202420739349301547

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