Vhsl Foundation INC FY2022 filing

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Stimulates ongoing statewide support for virginia high-scholl league activities and programs by securing, managing and allocating resources for the expansion and enrichment of league services to virginia's youth.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $7K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
19 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
Looks good: 18.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$90K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99K
-23% vs prior year
Spent
$93K
To programs
94%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$99K
FY2022▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$94K
FY2021$128K
FY2022$99K
FY2023$135K
FY2024$144K
FY2025$141K
Expenses
$93K
FY2022▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$97K
FY2021$101K
FY2022$93K
FY2023$96K
FY2024$202K
FY2025$107K
Net assets
$1.8M
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$1.8M
FY2023$2.0M
FY2024$2.0M
FY2025$2.3M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $87K Management & general 6% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Vhsl Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Secures and manages resources to support and expand Virginia high school league activities for youth.

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1 program · $87K · in their own filed words · FY2021
01

Expansion and enrichment of virginia high school league services to youth of virginia

$87Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$15K
Grants paid · 4 grants · $474K · 2021–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$99K
Ln 12
Gifts and grantsLn 1h$89K
Investment incomeLn 3$21K
Money outPt IX
$93K
Ln 25
Programscol B$87K
Managementcol C$6K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$144K
Total assetsLn 16$1.9M
LiabilitiesLn 26$90K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Fundraising eventsLn 1c$40K
Investment incomeLn 3$21K
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$144K
Cash and savings togetherLn 1–2$144K
Accounts receivableLn 4$15K
InvestmentsLn 11–13$1.8M
Total assetsLn 16$1.9M
LiabilitiesLn 26$90K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$83K$144K
InvestmentsLn 11–13$2.0M$1.8M
Total assetsLn 16$2.1M$1.9M
LiabilitiesLn 26$5K$90K
Net assetsLn 32$2.1M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$87K$87K
Accounting feesLn 11c$3K$3K
TravelLn 17$1K$1K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$93K$87K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $141K$107K$33K$2.3M 990 PDF
FY2024Filed with the IRS May 13, 2025 $144K$202K−$58K$2.0M 990 PDF
FY2023Filed with the IRS Jun 12, 2024 $135K$96K$39K$2.0M 990 PDF
FY2022 ViewingFiled with the IRS Mar 15, 2024 $99K$93K$6K$1.8M 990 PDF
FY2021Filed with the IRS May 16, 2022 $128K$101K$27K$2.1M 990 PDF
FY2020Filed with the IRS May 17, 2021 $94K$97K−$4K$1.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $98,717 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,950$89,237
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $53,535$20,947
I-11 Other revenuePrior year $18,149−$11,467
I-12 Total revenuePrior year $127,634$98,717
I-13 Grants and similar amounts paidPrior year $0$87,011
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $100,517$5,779
I-18 Total expensesPrior year $100,517$92,790
I-19 Revenue less expensesPrior year $27,117$5,927
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $98,717 across 6 lines filed
VIII-1c Fundraising events$39,912
VIII-1f All other contributions, gifts and grants$49,325
VIII-1h Total contributions, gifts and grants$89,237
VIII-3 Investment incomeRelated to mission $20,947$20,947
VIII-8 Net income from fundraising eventsExcluded from tax −$11,467−$11,467
VIII-12 Total revenueRelated to mission $20,947 · Unrelated business $0 · Excluded from tax −$11,467$98,717
Part IX · Statement of functional expenses $92,790 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $87,011$87,011
IX-11c Accounting feesManagement $2,900$2,900
IX-17 TravelManagement $1,361$1,361
IX-24 Other expenses (24a–d)Management $1,518$1,518
IX-25 Total functional expensesPrograms $87,011 · Management $5,779 · Fundraising $0$92,790
Part X · Balance sheet $1,919,930 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $83,011$143,749
X-4 Accounts receivableStart of year $5,497$14,993
X-11 Publicly traded securitiesStart of year $2,046,157$1,761,188
X-16 Total assetsStart of year $2,134,665$1,919,930
X-17 Accounts payable and accrued expensesStart of year $4,958$90,211
X-26 Total liabilitiesStart of year $4,958$90,211
X-27 Net assets without donor restrictionsStart of year $2,129,707$1,829,719
X-32 Total net assets or fund balancesStart of year $2,129,707$1,829,719
X-33 Total liabilities and net assetsStart of year $2,134,665$1,919,930
Part XI · Reconciliation of net assets $1,829,719 net assets at year end
XI-1 Total revenue$98,717
XI-2 Total expenses$92,790
XI-3 Revenue less expenses$5,927
XI-4 Net assets at start of year$2,129,707
XI-5 Net unrealized gains (losses) on investments−$305,915
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,829,719

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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