Virginia Professional Educators EIN 54-2060754 Form 990 (PDF) Claim this org

Virginia Professional Educators FY2022 filing

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Supports Virginia educators with scholarships, grants, training, counseling, and legal rights information. For fiscal year 2022 it reported $1.0M in revenue, $912K in expenses, and $907K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Fredericksbrg, VA
Website
www.virginiaeducators.org
Filings
5 on file (2020–2022)
Revenue
$1.0MFY2022
Expenses
$912K
Net assets
$907K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-2060754 Business league / trade association Fredericksbrg, VA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Supports Virginia educators with scholarships, grants, training, counseling, and legal rights information.
Leadership
Tracey Bailey · State Director · $143K
Money in and out
$1.0M revenue, $912K expenses
Bottom line
+10% operating surplus
Membership & operating revenue · FY2022
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$912K
Pt IX · Ln 25
Net assets
$907K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $99K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Operating surplus
+10%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Payroll share
57%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.0M
FY2022▲ +1%
Expenses
$912K
FY2022▲ +9%
Total assets
$907K
FY2022▲ +13%
Total liabilities
$0
FY2022
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$912K
Pt IX · Ln 25
Net assets
$907K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$99K
Total assetsPt X · Ln 16$907K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVirginia Professional Educators
EINHdr · item D54-2060754
Principal addressHdr · item CFredericksbrg, VA
WebsiteHdr · item Jwww.virginiaeducators.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFOct 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
State Director
$142,982Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tracey Bailey’s $140K as State Director is at the 41st percentile of top reported officer pay among 2834 $1–10M 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.

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

NameFY2024FY2023FY2022FY2021FY2020
Tracey Bailey$139,683$139,683$142,982$142,459$142,459

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $880K of program spending, described in the organization's own filed words · FY2022.
01

2) VPE Provides Support, Counseling, and Professional Assistance for Virginia's Educators. (Teachers, Counselors, & Other School Staff): In 2022, VPE provided Direct Support and Professional Assistance to 532 Virginia educators who were dealing with legal, administrative, academic, medical, and/or health & safety issues in the classroom.

$329Kprogram expense
02

3) Informing Teachers of Their Existing Legal & Professional Rights under current law; Explaining School Board Policies and State Board Regulations; Providing Affordable Legal & Liability Protection for Virginia's Educators as a Member Benefit: In 2022, VPE provided legal support and professional educators liability coverage for…

$325Kprogram expense
03

1) VPE Provides Scholarships, Mini-Grants, Training, and Professional Development Opportunities for All Virginia Educators: In 2022, VPE provided $37,258 in Teacher Scholarships, Classroom Mini-Grants, and other Teacher Assistance Grants.

$226Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$1.0M
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$880K
Management & general4%$32K
Total functional expensesLn 25$912K

Balance Sheet

Part X · end of year
CashLn 1$907K
Total assetsLn 16$907K
Total liabilitiesLn 26$0
Total net assetsLn 32$907K
Months of cash on handcomputed11.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $907K · Operating expenses/yr $912K
11.9 months
Where the money goes
Program services
Program services $880K · Total expenses $912K
96%
Management & General
Management & general $32K · Total expenses $912K
4%
Fundraising
Fundraising $0 · Total expenses $912K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.0M
0%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $1.0M · Total revenue $1.0M
100%
Investment reliance
Investment income $0 · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $1.0M · Total expenses $912K
111%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $1000K
+1%
Net-asset trend (YoY)
End of year $907K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $912K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $907K
Net-asset ratio
Net assets $907K · Total assets $907K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $907K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tracey Bailey · Reported title State Director · Highest reported compensation $143K · Total expenses $912K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $521K · Total expenses $912K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Revenue growth 1%
Legal fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 20 grants · $164K · 2020–2024
Unitemized GrantFY2024$29,503
Unitemized GrantFY2024$13,749
Unitemized GrantFY2024$3,250
Unitemized GrantFY2023$4,800
Unitemized GrantFY2023$4,142
Unitemized GrantFY2023$2,131
Unitemized GrantFY2022$18,714
Unitemized GrantFY2022$4,769
Unitemized GrantFY2022$3,775
Unitemized GrantFY2021$11,174
Unitemized GrantFY2021$5,485
Unitemized GrantFY2021$3,425
Unitemized GrantFY2020$6,315
See all 20 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · ⤓ 990 PDF
FY2023$1000K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · viewing · ⤓ 990 PDF
FY2021$1000K revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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