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Virginia Press Association INC

Not tax-deductible

Glen Allen, VA501(c)(6)Since 1881Mutual / membership EIN 54-0420455Revenue $148K in FY2025

On file with the IRSvpa.net4860 Cox Road Suite 150, 23060-9275 · Glen Allen, VATax-exempt since Sep 1955

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To support our membership through responsive services and resources. We champion the common interests of Virginia newspapers and the ideals of a free Press in a democratic society.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
2 of 6
filings with a surplus
Average deficit $8K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$71K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Plus $6.1M in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $6.1M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.4M
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$148K
-24% vs prior year
Spent
$536K
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$148K
FY2025▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$328K
FY2021$986K
FY2022$838K
FY2023$484K
FY2024$194K
FY2025$148K
Expenses
$536K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$432K
FY2021$474K
FY2022$452K
FY2023$555K
FY2024$578K
FY2025$536K
Net assets
$2.7M
FY2025▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$3.1M
FY2022$3.2M
FY2023$3.2M
FY2024$2.9M
FY2025$2.7M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1955.

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

Who runs it and what they're paid

13 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Betsy Edwards
Executive Director
$70,991Pt VII · Sec A
Norman Styer
President
$0Pt VII · Sec A
Alan Levenstein
Vice President
$0Pt VII · Sec A
Wendi Craig
Secretary
$0Pt VII · Sec A
Tom Lappas
Treasurer
$0Pt VII · Sec A
Dennis Brack
Immediate Past President
$0Pt VII · Sec A
Anne Adams
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023
Betsy Edwards$70,991$65,763$64,596

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 Press Association INC 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

Supports Virginia newspapers with services and resources, championing free press ideals.

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3 programs · in their own filed words · FY2024
01

Conferences

To promote and develop interaction between newspapers in virginia through professional development and awards recognition.

Pt IX · col B
02

Legislation

To represent newspaper interest in the general assembly through lobbying efforts.

Pt IX · col B
03

Workshops

To offer relevant education and training opportunities.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $56K · 2022–2023
Virginia Press FoundationVA · FY2023$15,500
Virginia Press FoundationVA · FY2022$40,700

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$148K
Ln 12
Fees for servicesLn 2g$189K
Investment incomeLn 3$118K
Money outPt IX
$536K
Ln 25
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$6.2M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$189K
Investment incomeLn 3$118K
Gains on assetsLn 7$51K
Total revenueLn 12$148K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
InvestmentsLn 11–13$6.1M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$6.2M
LiabilitiesLn 26$3.4M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$23K$40K
InvestmentsLn 11–13$6.3M$6.1M
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$6.4M$6.2M
LiabilitiesLn 26$3.4M$3.4M
Net assetsLn 32$2.9M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K
Pay of current officers, directors and key staffLn 5$77K
Other salaries and wagesLn 7$130K
Pension plan contributionsLn 8$9K
Other employee benefitsLn 9$15K
Payroll taxesLn 10$15K
Accounting feesLn 11c$49K
Investment management feesLn 11f$15K
Other fees for servicesLn 11g$104K
Advertising and promotionLn 12$201
Office expensesLn 13$25K
Information technologyLn 14$13K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$47K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$20K
All other expensesLn 24e$102
Total functional expensesLn 25$536K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $148K$536K−$388K$2.7M 990 PDF
FY2024 $194K$578K−$384K$2.9M 990 PDF
FY2023 $484K$555K−$71K$3.2M 990 PDF
FY2022 $838K$452K$386K$3.2M 990 PDF
FY2021 $986K$474K$512K$3.1M 990 PDF
FY2020 $328K$432K−$103K$2.4M 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 FY2025 990 (6 parts)
Part I · Summary $147,625 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $167,024$189,297
I-10 Investment incomePrior year $105,403$117,941
I-11 Other revenuePrior year −$78,201−$159,613
I-12 Total revenuePrior year $194,226$147,625
I-13 Grants and similar amounts paidPrior year $15,500$5,104
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $245,720$247,194
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $316,944$283,418
I-18 Total expensesPrior year $578,164$535,716
I-19 Revenue less expensesPrior year −$383,938−$388,091
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $147,625 across 5 lines filed
Lines not itemized here account for $748 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $188,549$188,549
VIII-3 Investment incomeExcluded from tax $66,875$66,875
VIII-7 Net gain or loss on sales of assetsExcluded from tax $51,066$51,066
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$159,613−$159,613
VIII-12 Total revenueRelated to mission $29,684 · Unrelated business $0 · Excluded from tax $117,941$147,625
Part IX · Statement of functional expenses $535,716 across 18 lines filed
IX-1 Grants to domestic organizations$5,104
IX-5 Pay of current officers, directors and key staff$77,315
IX-7 Other salaries and wages$130,449
IX-8 Pension plan contributions$9,151
IX-9 Other employee benefits$15,032
IX-10 Payroll taxes$15,247
IX-11c Accounting fees$49,140
IX-11f Investment management fees$15,494
IX-11g Other fees for services$103,849
IX-12 Advertising and promotion$201
IX-13 Office expenses$24,607
IX-14 Information technology$12,861
IX-17 Travel$6,325
IX-19 Conferences, conventions and meetings$46,555
IX-22 Depreciation, depletion and amortization$1,822
IX-23 Insurance$2,640
IX-24 Other expenses (24a–d)$19,822
IX-24e All other expenses$102
IX-25 Total functional expenses$535,716
Part X · Balance sheet $6,157,242 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $23,012$40,441
X-4 Accounts receivableStart of year $25,833$27,463
X-9 Prepaid expenses and deferred chargesStart of year $6,847$7,558
X-10c Land, buildings and equipment, netStart of year $4,663$2,841
X-11 Publicly traded securitiesStart of year $2,371,207$2,299,580
X-12 Other securitiesStart of year $3,938,972$3,779,359
X-16 Total assetsStart of year $6,370,534$6,157,242
X-17 Accounts payable and accrued expensesStart of year $7,820$3,155
X-25 Other liabilitiesStart of year $3,429,573$3,441,534
X-26 Total liabilitiesStart of year $3,437,468$3,444,689
X-27 Net assets without donor restrictionsStart of year $2,933,066$2,712,553
X-32 Total net assets or fund balancesStart of year $2,933,066$2,712,553
X-33 Total liabilities and net assetsStart of year $6,370,534$6,157,242
Part XI · Reconciliation of net assets $2,712,553 net assets at year end
XI-1 Total revenue$147,625
XI-2 Total expenses$535,716
XI-3 Revenue less expenses−$388,091
XI-4 Net assets at start of year$2,933,066
XI-5 Net unrealized gains (losses) on investments$167,578
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,712,553

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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