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Virginia Forestry Educational Foundation FY2022 filing

Tax-deductible

Richmond, VA501(c)(3) EIN 54-6031332Revenue $332K in FY2022

On file with the IRSvfef.net800 E Canal St, 23219-3916 · Richmond, VATax-exempt since May 1962Publicly supported charity — 170(b)(1)(A)(vi)

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Provide permanent financial support for the charitable, Educational and research activities of the Virginia Forestry and forest product communities.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $143K a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Plus $7.3M in investments, Pt X · Ln 11–13
Looks good: 21.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$273
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
-34% vs prior year
Spent
$328K
To programs
80%
Net assets
$7.9M
By yearFY2020–FY2024
Revenue
$332K
FY2022▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$356K
FY2021$501K
FY2022$332K
FY2023$349K
FY2024$859K
Expenses
$328K
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$271K
FY2021$250K
FY2022$328K
FY2023$398K
FY2024$434K
Net assets
$7.9M
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.9M
FY2021$9.4M
FY2022$7.9M
FY2023$9.0M
FY2024$10.4M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1962.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $262K Management & general 19% · $62K Fundraising 1% · $4K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Matt Dowdy
Director
$0Pt VII · Sec A
Lavan Dauberman
Vice Preside
$0Pt VII · Sec A
Brad Fuller
Secretary
$0Pt VII · Sec A
Mike Hincher
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Virginia Forestry Educational Foundation 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

Funds forestry and forest product charities, education, and research in Virginia.

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Provided by the organization

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3 programs · $262K · in their own filed words · FY2022
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.

$170Kprogram 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…

$86Kprogram 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.

$6Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Elis Olsson Memorial FoundationFY2025$2K
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
Individual RecipientFY2024$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 →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$332K
Ln 12
Investment incomeLn 3$230K
Gifts and grantsLn 1h$101K
Money outPt IX
$328K
Ln 25
Programscol B$262K
Managementcol C$62K
Fundraisingcol D$4K
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$583K
Total assetsLn 16$7.9M
LiabilitiesLn 26$273
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Investment incomeLn 3$230K
Gains on assetsLn 7$8K
Total revenueLn 12$332K
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$492K
Cash and savings togetherLn 1–2$583K
InvestmentsLn 11–13$7.3M
Total assetsLn 16$7.9M
LiabilitiesLn 26$273
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$781K$583K
InvestmentsLn 11–13$8.6M$7.3M
Total assetsLn 16$9.4M$7.9M
LiabilitiesLn 26$0$273
Net assetsLn 32$9.4M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$262K$262K
Management feesLn 11a$26K$26K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$25K$25K
OccupancyLn 16$682$682
TravelLn 17$380$380
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$5K$1K$4K
Total functional expensesLn 25$328K$262K$62K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $859K$434K$425K$10.4M 990 PDF
FY2023 $349K$398K−$48K$9.0M 990 PDF
FY2022 Viewing $332K$328K$4K$7.9M 990 PDF
FY2021 $501K$250K$251K$9.4M 990 PDF
FY2020 $356K$271K$85K$7.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $331,671 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,373$101,401
I-9 Program service revenue$0
I-10 Investment incomePrior year $400,352$230,270
I-11 Other revenue$0
I-12 Total revenuePrior year $500,725$331,671
I-13 Grants and similar amounts paidPrior year $195,873$262,120
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,317$65,681
I-18 Total expensesPrior year $250,190$327,801
I-19 Revenue less expensesPrior year $250,535$3,870
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $331,671 across 5 lines filed
VIII-1f All other contributions, gifts and grants$101,401
VIII-1h Total contributions, gifts and grants$101,401
VIII-3 Investment incomeExcluded from tax $221,999$221,999
VIII-7 Net gain or loss on sales of assetsRelated to mission $8,271$8,271
VIII-12 Total revenueRelated to mission $8,271 · Excluded from tax $221,999$331,671
Part IX · Statement of functional expenses $327,801 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $262,120$262,120
IX-11a Management feesManagement $26,000$26,000
IX-11c Accounting feesManagement $6,600$6,600
IX-11f Investment management feesManagement $24,702$24,702
IX-16 OccupancyManagement $682$682
IX-17 TravelManagement $380$380
IX-23 InsuranceManagement $2,432$2,432
IX-24 Other expenses (24a–d)Management $1,366 · Fundraising $3,519$4,885
IX-25 Total functional expensesPrograms $262,120 · Management $62,162 · Fundraising $3,519$327,801
Part X · Balance sheet $7,927,370 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $82,633$90,165
X-2 Savings and temporary cash investmentsStart of year $698,815$492,455
X-4 Accounts receivable$1,000
X-9 Prepaid expenses and deferred chargesStart of year $1,964$2,013
X-11 Publicly traded securitiesStart of year $8,596,559$7,341,737
X-16 Total assetsStart of year $9,384,971$7,927,370
X-17 Accounts payable and accrued expenses$273
X-26 Total liabilitiesStart of year $0$273
X-27 Net assets without donor restrictionsStart of year $5,575,964$4,544,877
X-28 Net assets with donor restrictionsStart of year $3,809,007$3,382,220
X-32 Total net assets or fund balancesStart of year $9,384,971$7,927,097
X-33 Total liabilities and net assetsStart of year $9,384,971$7,927,370
Part XI · Reconciliation of net assets $7,927,097 net assets at year end
XI-1 Total revenue$331,671
XI-2 Total expenses$327,801
XI-3 Revenue less expenses$3,870
XI-4 Net assets at start of year$9,384,971
XI-5 Net unrealized gains (losses) on investments−$1,454,627
XI-9 Other changes in net assets−$7,117
XI-10 Net assets at end of year$7,927,097

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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