Virginia Forestry Association EIN 54-0419098 Form 990 (PDF) Claim this org

Virginia Forestry Association

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Promotes wise use of forest resources for economic and environmental benefits. For fiscal year 2024 it reported $631K in revenue, $632K in expenses, and $623K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Richmond, VA
Website
www.vaforestry.org
Filings
5 on file (2020–2024)
Revenue
$631KFY2024
Expenses
$632K
Net assets
$623K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-0419098 Business league / trade association Richmond, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes wise use of forest resources for economic and environmental benefits.
Leadership
Scott Barrett · Director
Money in and out
$631K revenue, $632K expenses
Bottom line
-0.1% operating surplus
Membership & operating revenue · FY2024
Total revenue
$631K
Pt VIII · Ln 12
Total expenses
$632K
Pt IX · Ln 25
Net assets
$623K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$813
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Operating surplus
-0.1%
revenue over expenses▼ -103% vs prior filing year
Earned revenue
49%
of revenue from program services & dues▲ +4% vs prior filing year
Payroll share
39%
of spending is salaries & benefits▼ -12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$631K
FY2024▼ -13%
Expenses
$632K
FY2024▼ -9%
Total assets
$733K
FY2024▲ +2%
Total liabilities
$110K
FY2024▲ +14%
Total revenue
$631K
Pt VIII · Ln 12
Total expenses
$632K
Pt IX · Ln 25
Net assets
$623K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$813
Total assetsPt X · Ln 16$733K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVirginia Forestry Association
EINHdr · item D54-0419098
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.vaforestry.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1944

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Corey Connors$119,281$113,975$114,125$116,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $429K of program spending, described in the organization's own filed words · FY2024.
01

Annual and Fall Meetings

To provide seminars and programs on pertinent forestry topics, and to provide opportunities for fellowship with forestry leaders from around the state.

$164Kprogram expense
02

Other Programs

To include the sustainable forestry initiative, which assists companies, loggers, and landowners in improving forestry practices; project learning tree, which is an internationally renowned forestry and environmental education program for k-12 students and directlty supports the virginia standards of learning; and the publication of the…

$141Kprogram expense
03

Legislative Activities

To educate the virginia general assembly, U.S. Congress, and local governments about the forestry industry and its impact on the environment and economy.

$124Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$315K · 50%
Program service revenue$306K · 49%
Investment income$5K · 1%
Other revenue$5K · 1%
Contributions & grants50%$315K
Program service revenue49%$306K
Investment income1%$5K
Other revenue1%$5K
Total revenueLn 12$631K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$429K
Management & general32%$204K
Total functional expensesLn 25$632K

Balance Sheet

Part X · end of year
CashLn 1$340K
Total assetsLn 16$733K
Total liabilitiesLn 26$110K
Total net assetsLn 32$623K
Months of cash on handcomputed6.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $340K · Operating expenses/yr $632K
6.4 months
Where the money goes
Program services
Program services $429K · Total expenses $632K
68%
Management & General
Management & general $204K · Total expenses $632K
32%
Fundraising
Fundraising $0 · Total expenses $632K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $306K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $315K · Total revenue $631K
50%
Government reliance
Government grants — · Total revenue $631K
Earned-income share
Program service revenue $306K · Total revenue $631K
49%
Investment reliance
Investment income $5K · Total revenue $631K
+0.8%
Program self-sufficiency
Program service revenue $306K · Total expenses $632K
48%
Growth & trend
Revenue growth (YoY)
This year $631K · Prior year $723K
-13%
Revenue CAGR
FY2020 $496K · FY2024 $631K
+6%
Net-asset trend (YoY)
End of year $623K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $631K · Expenses $632K
-0.1%
Liabilities-to-Assets
Total liabilities — · Total assets $733K
Net-asset ratio
Net assets $623K · Total assets $733K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $733K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Scott Barrett · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $632K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $248K · Total expenses $632K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth -13%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 6 grants · $245K · 2020–2024
Virginia Polytechnic InstituteFY2024$48,000
Virginia Polytechnic InstituteFY2023$48,000
Virginia Polytechnic InstituteFY2022$48,000
Virginia Polytechnic InstituteFY2021$48,000
Virginia Polytechnic Institute and State UniversityFY2020$48,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$631K revenue · viewing · ⤓ 990 PDF
FY2023$723K revenue · ⤓ 990 PDF
FY2022$564K revenue · ⤓ 990 PDF
FY2021$559K revenue · ⤓ 990 PDF
FY2020$496K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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