Richmond Educational Association

Not tax-deductible

Richmond, VA501(c)(5)EIN 54-0839289

Promote general welfare of membership in job related areas

98¢ of each $1 spent went to programs.
Run by 15 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $39K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$700K
-6% vs prior year
Spent
$727K
To programs
98%
Net assets
$142K
By yearFY2021–FY2023
Revenue
$700K
FY2023▼ -6%
Revenue by fiscal year
FY2021$679K
FY2022$747K
FY2023$700K
Expenses
$727K
FY2023▲ +16%
Expenses by fiscal year
FY2021$654K
FY2022$629K
FY2023$727K
Net assets
$142K
FY2023▼ -16%
Net assets by fiscal year
FY2021$50K
FY2022$168K
FY2023$142K

From the FY2023 Form 990 (year ending August 2023) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 1971.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $716K Management & general 2% · $11K

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President Until 6/30/23
$0Pt VII · Sec A
Vice President Until 6/30/23
$0Pt VII · Sec A
Secretary Until 6/30/23
$0Pt VII · Sec A
Treasurer as of 7/1/23
$0Pt VII · Sec A
Board Director Until 6/30/23
$0Pt VII · Sec A
Board Director Until 6/30/23
$0Pt VII · Sec A
Board Director Until 6/30/2023
$0Pt VII · Sec A
President as of 7/1/2023
$0Pt VII · Sec A
See Richmond Educational 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 15aNo

Programs and updates

Supports members' job-related well-being and professional growth.

Provided by the organization

This section is blank until Richmond Educational Association claims this page.

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1 program service, described in the organization's own filed words · FY2022.
01

Richmond education association files employee workplace grievances, works to solve work-related issues, and meets monthly with a representative of the school board, school board superintendent, and director of human resources to solve related issues

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$75K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$700K
Ln 12
Fees for servicesLn 2g$699K
Gifts and grantsLn 1h$1K
Investment incomeLn 3$143
Money outPt IX
$727K
Ln 25
Programscol B$716K
Managementcol C$11K
Owns and owesPt X
$142K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$160K
LiabilitiesLn 26$18K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$699K
Investment incomeLn 3$143
Total revenueLn 12$700K
Assets in detailPt X, end of year
CashLn 1$150K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$155K
Other assetsLn 15$5K
Total assetsLn 16$160K
LiabilitiesLn 26$18K
Net assetsLn 32$142K
OperationsPt I, VI
EmployeesI 51
VolunteersI 615
Fiscal year endsHeaderAugust
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 FY23End FY23
Cash and savingsLn 1–2$186K$155K
Total assetsLn 16$188K$160K
LiabilitiesLn 26$5K$18K
Net assetsLn 32$183K$142K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K$5K
Office expensesLn 13$940$940
Conferences, conventions and meetingsLn 19$4K$4K
Other expenses (24a–d)Ln 24$717K$711K$5K
All other expensesLn 24e$568$568
Total functional expensesLn 25$727K$716K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $700K$727K−$27K$142K 990 PDF
FY2022 $747K$629K$118K$168K 990 PDF
FY2021 $679K$654K$26K$50K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $700,350 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$1,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $699,207$699,207
VIII-3 Investment incomeRelated to mission $143$143
VIII-12 Total revenueRelated to mission $699,350 · Unrelated business $0 · Excluded from tax $0$700,350
Part IX · Statement of functional expenses $726,954 across 5 lines filed
IX-11c Accounting feesManagement $4,700$4,700
IX-13 Office expensesManagement $940$940
IX-19 Conferences, conventions and meetingsPrograms $4,238$4,238
IX-24 Other expenses (24a–d)Programs $711,072 · Management $5,436$716,508
IX-24e All other expensesPrograms $568$568
IX-25 Total functional expensesPrograms $715,878 · Management $11,076 · Fundraising $0$726,954
Part X · Balance sheet $160,012 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $180,635$150,011
X-2 Savings and temporary cash investmentsStart of year $5,038$5,044
X-15 Other assetsStart of year $2,805$4,957
X-16 Total assetsStart of year $188,478$160,012
X-18 Grants payable$14,259
X-25 Other liabilitiesStart of year $5,382$4,021
X-26 Total liabilitiesStart of year $5,382$18,280
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $183,096$141,732
X-33 Total liabilities and net assetsStart of year $188,478$160,012
Part XI · Reconciliation of net assets $141,732 net assets at year end
XI-1 Total revenue$700,350
XI-2 Total expenses$726,954
XI-3 Revenue less expenses−$26,604
XI-4 Net assets at start of year$183,096
XI-10 Net assets at end of year$141,732

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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