Virginia Forestry Educational Foundation EIN 54-6031332 Form 990 (PDF) Claim this org

Virginia Forestry Educational Foundation

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Funds forestry and forest product charities, education, and research in Virginia. For fiscal year 2024 it reported $859K in revenue, $434K in expenses, and $10.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Richmond, VA
Website
www.vfef.net
Filings
5 on file (2020–2024)
Revenue
$859KFY2024
Expenses
$434K
Net assets
$10.4M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-6031332 Public charity (501(c)(3)) Richmond, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds forestry and forest product charities, education, and research in Virginia.
Leadership
Lavan Dauberman · Vice Preside
Money in and out
$859K revenue, $434K expenses
Bottom line
79% program efficiency
Where the money goes · FY2024
Total revenue
$859K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$10.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $425K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.20 Fundraising $0.01
Program efficiency
79%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
287.3mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
+49%
revenue over expenses, this year▲ +459% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$859K
FY2024▲ +146%
Expenses
$434K
FY2024▲ +9%
Total assets
$10.4M
FY2024▲ +15%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$859K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$10.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$425K
Total assetsPt X · Ln 16$10.4M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $337K of program spending, described in the organization's own filed words · FY2024.
01

Student Scholarships

Virginia forestry educational foundation (vfef) contributes board approved funds to virginia tech's forestry school and relies on the school's judgement as to who should receive the individual scholarships. Virginia tech sends a list of recipients to vfef to support the scholarship disbursement.

$192Kprogram expense
02

Special Educational Projects

Represents various prizes and awards given to 4-h, internet woody plants and youth education, teachers tours se virginia, and holiday lake forestry camp for activities. These groups sponsor activities relating to the forestry industry, conservation, services to educate youth about the importance of environmental and forest products, and…

$129Kprogram expense
03

Project Learning Tree

A project undertaken for the purpose of conducting training workshops for school teachers and for providing forestry educational materials to schools in virginia.

$16Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVirginia Forestry Educational Foundation
EINHdr · item D54-6031332
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.vfef.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1962

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$779K · 91%
Contributions & grants$80K · 9%
Investment income91%$779K
Contributions & grants9%$80K
Total revenueLn 12$859K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.20 Fundraising $0.01
Program services79%$342K
Management & general20%$88K
Fundraising1%$4K
Total functional expensesLn 25$434K

Balance Sheet

Part X · end of year
CashLn 1$353K
Total assetsLn 16$10.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$10.4M
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.4M · Operating expenses/yr $434K
287.3 months
Where the money goes
Program services
Program services $342K · Total expenses $434K
79%
Management & General
Management & general $88K · Total expenses $434K
20%
Fundraising
Fundraising $4K · Total expenses $434K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $88K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $80K · Total revenue $859K
9%
Government reliance
Government grants — · Total revenue $859K
Earned-income share
Program service revenue $0 · Total revenue $859K
0%
Investment reliance
Investment income $779K · Total revenue $859K
+91%
Program self-sufficiency
Program service revenue $0 · Total expenses $434K
0%
Growth & trend
Revenue growth (YoY)
This year $859K · Prior year $349K
+146%
Revenue CAGR
FY2020 $356K · FY2024 $859K
+25%
Net-asset trend (YoY)
End of year $10.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $859K · Expenses $434K
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $10.4M
Net-asset ratio
Net assets $10.4M · Total assets $10.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $10.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.4M
97%
People & payroll
Highest Reported Total Compensation
Individual Lavan Dauberman · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $434K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $434K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 20%
Fundraising cost ratio 6%
Revenue growth 146%
Investment management fee ratio 0.3%
Accounting fee ratio 6%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 37 grants · $1.2M · 2020–2024
Unitemized GrantFY2024$182,606
Holiday Lake 4-HFY2024$31,000
Virginia Project Learning Tree CoFY2024$16,000
Virginia FFA Foundation INCVA · FY2024$13,000
Mountain Gate Community CollegeFY2024$12,000
Ward Burton Wildlife FoundatonFY2024$7,500
Northern Virginia 4-H CenterFY2024$7,000
Southwest Va Saf ChapterFY2024$6,000
Virginia Polytechnic InstituteFY2024$6,000
Unitemized GrantFY2023$170,050
Holiday Lake 4-HFY2023$54,170
Virginia Project Learning Tree CoFY2023$16,780
Virginia FFA Foundation INCVA · FY2023$14,000
Mountain Gate Community CollegeFY2023$12,000
Jamestown 4-H CenterFY2023$8,500
Northern Virginia 4-H CenterFY2023$7,200
Southwest Va Saf ChapterFY2023$6,000
Virginia Polytechnic InstituteFY2023$6,000
See all 37 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)$859K revenue · viewing · ⤓ 990 PDF
FY2023$349K revenue · ⤓ 990 PDF
FY2022$332K revenue · ⤓ 990 PDF
FY2021$501K revenue · ⤓ 990 PDF
FY2020$356K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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