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Virginia Economic Developers Association FY2020 filing

Not tax-deductible

Virginia Bch, VA501(c)(6)Since 1982EIN 54-1246307Revenue $320K in FY2020

On file with the IRSgoveda.org869 Lynnhaven Pkwy Ste 113 Pmb 264, 23452-7451 · Virginia Bch, VATax-exempt since Feb 1984

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Shapes Economic development public policy and a primary source of strong and effective education and networking for Economic development professionals.

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
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
5 of 6
filings with a surplus
Average surplus $40K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$320K
Spent
$256K
To programs
81%
Net assets
$293K
By yearFY2020–FY2025
Revenue
$320K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$320K
FY2021$296K
FY2022$478K
FY2023$790K
FY2024$636K
FY2025$828K
Expenses
$256K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$256K
FY2021$292K
FY2022$416K
FY2023$762K
FY2024$641K
FY2025$742K
Net assets
$293K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$293K
FY2021$297K
FY2022$360K
FY2023$387K
FY2024$383K
FY2025$469K

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 (FY2025) →

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

81 cents of each dollar spent went to programs.

Program services 81% · $207K Management & general 19% · $49K

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.

Part VII, Section A · reportable compensation
Traci Blido
Director
$0Pt VII · Sec A
Paul Bryan
Director
$0Pt VII · Sec A
Jenna French
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Kilgore
Director
$0Pt VII · Sec A
David Manley
Vice Preside
$0Pt VII · Sec A
See Virginia Economic Developers 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

Shapes economic development policy and educates professionals through networking and resources.

Questions for Virginia Economic Developers Association

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Conferences, seminars, and training programs provided to members for the purpose of increasing the effectiveness of economic developers

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 · 3 grants · $22K · 2022–2025
Unitemized GrantFY2025$8,029
Unitemized GrantFY2024$7,360
Unitemized GrantFY2022$6,500

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$320K
Ln 12
Fees for servicesLn 2g$315K
Other incomeLn 4–11$5K
Gifts and grantsLn 1h$1K
Money outPt IX
$256K
Ln 25
Programscol B$207K
Managementcol C$49K
Owns and owesPt X
$293K
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$293K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$315K
Investment incomeLn 3$7
Other incomeLn 4–11$5K
Total revenueLn 12$320K
Assets in detailPt X, end of year
CashLn 1$173K
SavingsLn 2$120K
Cash and savings togetherLn 1–2$293K
Total assetsLn 16$293K
LiabilitiesLn 26$0
Net assetsLn 32$293K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6300
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 FY20End FY20
Cash and savingsLn 1–2$229K$293K
Total assetsLn 16$229K$293K
LiabilitiesLn 26$0$0
Net assetsLn 32$229K$293K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Management feesLn 11a$68K$51K$17K
Accounting feesLn 11c$2K$1K$434
Lobbying feesLn 11d$17K$17K
Advertising and promotionLn 12$15K$14K$754
Office expensesLn 13$7K$7K
Information technologyLn 14$4K$4K$208
TravelLn 17$3K$3K$162
Conferences, conventions and meetingsLn 19$58K$58K
InsuranceLn 23$2K$645$1K
Other expenses (24a–d)Ln 24$69K$49K$20K
All other expensesLn 24e$7K$4K$2K
Total functional expensesLn 25$256K$207K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $828K$742K$86K$469K 990 PDF
FY2024 $636K$641K−$4K$383K 990 PDF
FY2023 $790K$762K$27K$387K 990 PDF
FY2022 $478K$416K$63K$360K 990 PDF
FY2021 $296K$292K$4K$297K 990 PDF
FY2020 Viewing $320K$256K$64K$293K 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 FY2020 990 (6 parts)
Part I · Summary $320,084 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$1,000
I-9 Program service revenuePrior year $446,852$314,552
I-10 Investment incomePrior year $12$7
I-11 Other revenuePrior year $8,925$4,525
I-12 Total revenuePrior year $456,789$320,084
I-13 Grants and similar amounts paidPrior year $4,500$4,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $395,455$251,368
I-18 Total expensesPrior year $399,955$255,868
I-19 Revenue less expensesPrior year $56,834$64,216
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $320,084 across 6 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 $314,552$314,552
VIII-3 Investment incomeRelated to mission $7$7
VIII-8 Net income from fundraising events$4,525
VIII-12 Total revenueRelated to mission $314,559$320,084
Part IX · Statement of functional expenses $255,868 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $4,500$4,500
IX-11a Management feesPrograms $51,119 · Management $17,040$68,159
IX-11c Accounting feesPrograms $1,301 · Management $434$1,735
IX-11d Lobbying feesPrograms $16,522$16,522
IX-12 Advertising and promotionPrograms $14,321 · Management $754$15,075
IX-13 Office expensesManagement $6,823$6,823
IX-14 Information technologyPrograms $3,957 · Management $208$4,165
IX-17 TravelPrograms $3,071 · Management $162$3,233
IX-19 Conferences, conventions and meetingsPrograms $58,111$58,111
IX-23 InsurancePrograms $645 · Management $1,331$1,976
IX-24 Other expenses (24a–d)Programs $49,258 · Management $19,709$68,967
IX-24e All other expensesPrograms $4,341 · Management $2,261$6,602
IX-25 Total functional expensesPrograms $207,146 · Management $48,722 · Fundraising $0$255,868
Part X · Balance sheet $292,965 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $199,796$173,306
X-2 Savings and temporary cash investmentsStart of year $28,953$119,659
X-16 Total assetsStart of year $228,749$292,965
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $228,749$292,965
X-32 Total net assets or fund balancesStart of year $228,749$292,965
X-33 Total liabilities and net assetsStart of year $228,749$292,965
Part XI · Reconciliation of net assets $292,965 net assets at year end
XI-1 Total revenue$320,084
XI-2 Total expenses$255,868
XI-3 Revenue less expenses$64,216
XI-4 Net assets at start of year$228,749
XI-10 Net assets at end of year$292,965

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

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