Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
15 people listed on the 990.
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
Shapes economic development policy and educates professionals through networking and resources.
Questions for Virginia Economic Developers Association
Your first name shows with your question. Virginia Economic Developers Association answers here, for everyone.
Conferences, seminars, and training programs provided to members for the purpose of increasing the effectiveness of Economic Developers
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1246307) · Dispute this lineScholarships to the Economic development institute covering costs of tuition and books
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1246307) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $384K | $471K |
| Total assetsLn 16 | $384K | $471K |
| LiabilitiesLn 26 | $955 | $3K |
| Net assetsLn 32 | $383K | $469K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $8K | $8K | ||
| Management feesLn 11a | $138K | $103K | $34K | |
| Accounting feesLn 11c | $2K | $2K | $604 | |
| Lobbying feesLn 11d | $10K | $10K | ||
| Advertising and promotionLn 12 | $21K | $20K | $1K | |
| Office expensesLn 13 | $812 | $812 | ||
| Information technologyLn 14 | $2K | $2K | $112 | |
| TravelLn 17 | $808 | $768 | $40 | |
| Conferences, conventions and meetingsLn 19 | $475K | $475K | ||
| InsuranceLn 23 | $2K | $966 | $1K | |
| Other expenses (24a–d)Ln 24 | $77K | $48K | $29K | |
| All other expensesLn 24e | $4K | $3K | $720 | |
| Total functional expensesLn 25 | $742K | $674K | $68K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 7, 2026 | $828K | $742K | $86K | $469K | 990 PDF |
| FY2024Filed with the IRS Aug 6, 2025 | $636K | $641K | −$4K | $383K | 990 PDF |
| FY2023Filed with the IRS May 29, 2024 | $790K | $762K | $27K | $387K | 990 PDF |
| FY2022Filed with the IRS Jul 5, 2023 | $478K | $416K | $63K | $360K | 990 PDF |
| FY2021Filed with the IRS Jul 13, 2022 | $296K | $292K | $4K | $297K | 990 PDF |
| FY2020Filed with the IRS Oct 22, 2021 | $320K | $256K | $64K | $293K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $828,323 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, 4 to look at
Part VIII · Statement of revenue $828,323 across 4 lines filed
Part IX · Statement of functional expenses $742,431 across 12 lines filed
Part X · Balance sheet $471,488 assets, 8 lines filed
Part XI · Reconciliation of net assets $468,574 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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