Naifa-Virginia

IRS exemption revoked

Henrico, VA501(c)(6)Community DevelopmentEIN 54-0617310

The mission is to advocate for a positive legislative and regulatory environment, enchance business and professional skills, and promote the ethical conduct of our members.

18¢ of each $1 spent went to programs.
Run by 25 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $7K a year · 5% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
18%
of spending
Concern: 18% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
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
$116K
-2% vs prior year
Spent
$119K
To programs
18%
Net assets
$235K
By yearFY2020–FY2022
Revenue
$116K
FY2022▼ -2%
Revenue by fiscal year
FY2020$165K
FY2021$118K
FY2022$116K
Expenses
$119K
FY2022▲ +23%
Expenses by fiscal year
FY2020$163K
FY2021$97K
FY2022$119K
Net assets
$235K
FY2022▼ -1%
Net assets by fiscal year
FY2020$224K
FY2021$237K
FY2022$235K

From the FY2022 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Dec 2010.

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

Where the money goes

18 cents of each dollar spent went to programs.

Program services 18% · $22K Management & general 76% · $90K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Natl Committeep
$0Pt VII · Sec A

Marie T Mercer’s $59K as Executive Dir. is at the 36th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Naifa-Virginia 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

Advocates for better laws, improves member skills, and promotes ethical business practices.

Provided by the organization

This section is blank until Naifa-Virginia claims this page.

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3 program services, described in the organization's own filed words · FY2022.
01

Convention for members held to provide learning opportunities, networking, and improvement of skills.

Pt IX · col B
02

Services provided for members

Pt IX · col B
03

All other program expenses

Pt IX · col B

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$116K
Ln 12
Fees for servicesLn 2g$84K
Gifts and grantsLn 1h$18K
Other incomeLn 4–11$14K
Money outPt IX
$119K
Ln 25
Programscol B$22K
Managementcol C$90K
Owns and owesPt X
$235K
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$271K
LiabilitiesLn 26$36K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$84K
Investment incomeLn 3$13
Other incomeLn 4–11$14K
Gains on assetsLn 7$0
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$214K
SavingsLn 2$0
Cash and savings togetherLn 1–2$214K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$56K
Other assetsLn 15$0
Total assetsLn 16$271K
LiabilitiesLn 26$36K
Net assetsLn 32$235K
OperationsPt I, VI
EmployeesI 51
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$217K$214K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$63K$56K
Total assetsLn 16$280K$271K
LiabilitiesLn 26$43K$36K
Net assetsLn 32$237K$235K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$63K$63K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$7K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$24K$17K$7K
All other expensesLn 24e$13K$5K$8K
Total functional expensesLn 25$119K$22K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $116K$119K−$3K$235K 990 PDF
FY2021 $118K$97K$21K$237K 990 PDF
FY2020 $165K$163K$2K$224K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $115,842 across 10 lines filed
VIII-1f All other contributions, gifts and grants$17,895
VIII-1h Total contributions, gifts and grants$17,895
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $84,036$84,036
VIII-3 Investment incomeExcluded from tax $13$13
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,898$13,898
VIII-12 Total revenueRelated to mission $84,036 · Excluded from tax $13,911$115,842
Part IX · Statement of functional expenses $118,663 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $62,916$62,916
IX-8 Pension plan contributionsManagement $1,665$1,665
IX-9 Other employee benefitsManagement $2,400$2,400
IX-10 Payroll taxesManagement $4,323$4,323
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,133$1,133
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$6,832
IX-23 InsuranceManagement $2,217$2,217
IX-24 Other expenses (24a–d)Programs $17,037 · Management $7,063$24,100
IX-24e All other expensesPrograms $4,624 · Management $8,453$13,077
IX-25 Total functional expensesPrograms $21,661 · Management $90,170 · Fundraising $0$118,663
Part X · Balance sheet $270,601 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $216,908$214,379
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $63,054$56,222
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $279,962$270,601
X-17 Accounts payable and accrued expensesStart of year $42,538$35,998
X-26 Total liabilitiesStart of year $42,538$35,998
X-27 Net assets without donor restrictionsStart of year $216,908$234,603
X-32 Total net assets or fund balancesStart of year $237,424$234,603
X-33 Total liabilities and net assetsStart of year $279,962$270,601
Part XI · Reconciliation of net assets $234,603 net assets at year end
XI-1 Total revenue$115,842
XI-2 Total expenses$118,663
XI-3 Revenue less expenses−$2,821
XI-4 Net assets at start of year$237,424
XI-10 Net assets at end of year$234,603

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

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