Virginia Forestry Association FY2020 filing

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Vfa promotes stewardship and wise use of the commonwealth's forest resources for the economic and environmental benefits of all virginians.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
56¢ of each $1 spent went to programs.
$117K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $14K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$117K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$117K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$496K
Spent
$457K
To programs
56%
Net assets
$731K
By yearFY2020–FY2024
Revenue
$496K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$496K
FY2021$559K
FY2022$564K
FY2023$723K
FY2024$631K
Expenses
$457K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$457K
FY2021$582K
FY2022$679K
FY2023$694K
FY2024$632K
Net assets
$731K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$731K
FY2021$708K
FY2022$594K
FY2023$624K
FY2024$623K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1944.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $257K Management & general 44% · $200K

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

15 people listed on the 990; $117K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$116,600Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$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.

See Virginia Forestry Association executive salaries →

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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 15aYes

Programs and updates

Promotes wise use of forest resources for economic and environmental benefits.

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Provided by the organization

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3 programs · $127K · in their own filed words · FY2020
01

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.

$58Kprogram expense
02

Sustainable Forestry Initiative

To assist companies, loggers, and landowners in improving forestry practices.

$55Kprogram expense
03

Project Learning Tree

An internationally renowned forestry and environmental educational program for k-12 students which reaches about 700 teachers annually in virginia. The PLT activities and modules directly support the virginia standards of learning.

$15Kprogram 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 · 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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$496K
Ln 12
Gifts and grantsLn 1h$292K
Fees for servicesLn 2g$173K
Other incomeLn 4–11$21K
Money outPt IX
$457K
Ln 25
Programscol B$257K
Managementcol C$200K
Owns and owesPt X
$731K
net assets · Ln 32
Cash and savingsLn 1–2$406K
Total assetsLn 16$848K
LiabilitiesLn 26$117K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$292K
Fees for servicesLn 2g$173K
Investment incomeLn 3$10K
Other incomeLn 4–11$21K
Gains on assetsLn 7$6K
Total revenueLn 12$496K
Assets in detailPt X, end of year
CashLn 1$72K
SavingsLn 2$334K
Cash and savings togetherLn 1–2$406K
Land, buildings, equipmentLn 10c$419K
Total assetsLn 16$848K
LiabilitiesLn 26$117K
Net assetsLn 32$731K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$344K$406K
Land, buildings, equipmentLn 10c$435K$419K
Total assetsLn 16$798K$848K
LiabilitiesLn 26$23K$117K
Net assetsLn 32$774K$731K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$56K$56K
Other salaries and wagesLn 7$202K$92K$111K
Pension plan contributionsLn 8$1K$604$515
Other employee benefitsLn 9$6K$1K$5K
Payroll taxesLn 10$16K$7K$9K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$36K$12K$24K
OccupancyLn 16$38K$19K$19K
TravelLn 17$2K$2K$604
InterestLn 20$712$712
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$71K$58K$12K
All other expensesLn 24e$14K$8K$7K
Total functional expensesLn 25$457K$257K$200K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $631K$632K−$813$623K 990 PDF
FY2023 $723K$694K$30K$624K 990 PDF
FY2022 $564K$679K−$114K$594K 990 PDF
FY2021 $559K$582K−$23K$708K 990 PDF
FY2020 Viewing $496K$457K$39K$731K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $496,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $292,465$292,204
I-9 Program service revenuePrior year $234,937$173,163
I-10 Investment incomePrior year $4,344$10,124
I-11 Other revenuePrior year $32,567$20,562
I-12 Total revenuePrior year $564,313$496,053
I-13 Grants and similar amounts paidPrior year $59,941$55,550
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $235,200$225,402
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $267,695$175,941
I-18 Total expensesPrior year $562,836$456,893
I-19 Revenue less expensesPrior year $1,477$39,160
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $496,053 across 9 lines filed
Lines not itemized here account for $17,507 of total revenue; see the IRS return.
VIII-1b Membership dues$271,359
VIII-1f All other contributions, gifts and grants$20,845
VIII-1h Total contributions, gifts and grants$292,204
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $155,656$155,656
VIII-3 Investment incomeExcluded from tax $3,624$3,624
VIII-5 RoyaltiesExcluded from tax $5,562$5,562
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,500$6,500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $15,000$15,000
VIII-12 Total revenueRelated to mission $173,163 · Unrelated business $15,000 · Excluded from tax $15,686$496,053
Part IX · Statement of functional expenses $456,893 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $55,550$55,550
IX-7 Other salaries and wagesPrograms $91,633 · Management $110,637$202,270
IX-8 Pension plan contributionsPrograms $604 · Management $515$1,119
IX-9 Other employee benefitsPrograms $1,365 · Management $4,968$6,333
IX-10 Payroll taxesPrograms $7,093 · Management $8,587$15,680
IX-11c Accounting feesManagement $9,600$9,600
IX-13 Office expensesPrograms $12,339 · Management $23,884$36,223
IX-16 OccupancyPrograms $18,831 · Management $19,342$38,173
IX-17 TravelPrograms $1,790 · Management $604$2,394
IX-20 InterestManagement $712$712
IX-23 InsurancePrograms $1,954 · Management $2,008$3,962
IX-24 Other expenses (24a–d)Programs $58,200 · Management $12,306$70,506
IX-24e All other expensesPrograms $7,867 · Management $6,504$14,371
IX-25 Total functional expensesPrograms $257,226 · Management $199,667 · Fundraising $0$456,893
Part X · Balance sheet $848,034 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $40,601$71,931
X-2 Savings and temporary cash investmentsStart of year $303,160$334,500
X-4 Accounts receivableStart of year $5,619$7,653
X-9 Prepaid expenses and deferred chargesStart of year $13,411$15,337
X-10c Land, buildings and equipment, netStart of year $434,784$418,613
X-16 Total assetsStart of year $797,575$848,034
X-17 Accounts payable and accrued expensesStart of year $11,542$6,227
X-19 Deferred revenue$100,287
X-25 Other liabilitiesStart of year $1,600$2,506
X-26 Total liabilitiesStart of year $23,133$116,950
X-27 Net assets without donor restrictionsStart of year $720,498$672,052
X-28 Net assets with donor restrictionsStart of year $53,944$59,032
X-32 Total net assets or fund balancesStart of year $774,442$731,084
X-33 Total liabilities and net assetsStart of year $797,575$848,034
Part XI · Reconciliation of net assets $731,084 net assets at year end
XI-1 Total revenue$496,053
XI-2 Total expenses$456,893
XI-3 Revenue less expenses$39,160
XI-4 Net assets at start of year$774,442
XI-9 Other changes in net assets−$82,518
XI-10 Net assets at end of year$731,084

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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