Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1982.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
12 people listed on the 990; $98K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jessica Lovatt | $97,583 | $87,000 | $87,000 | $69,053 | — |
| Jayne Fifer | — | $53,833 | $56,000 | $75,620 | $94,215 |
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.
See Vma INC executive salaries →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
Connects local manufacturers, educates them, and funds STEM programs through an annual golf tournament.
Questions for Vma INC
Your first name shows with your question. Vma INC answers here, for everyone.
Networking in the business sector. Six plant tours (213 attendees). In addition, the organization held four annual events: the awards banquet, golf tournament, stem tea party and the robot brawl. Robot brawl pits student built robots against each other. Manufacturers sponsor the schools.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-2119052) · 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 FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $102K | $124K |
| Total assetsLn 16 | $102K | $124K |
| LiabilitiesLn 26 | $8K | $905 |
| Net assetsLn 32 | $94K | $123K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $14K | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $103K | |||
| Other salaries and wagesLn 7 | $21K | |||
| Payroll taxesLn 10 | $9K | |||
| Accounting feesLn 11c | $3K | |||
| Advertising and promotionLn 12 | $3K | |||
| Office expensesLn 13 | $2K | |||
| Information technologyLn 14 | $9K | |||
| Conferences, conventions and meetingsLn 19 | $20K | |||
| InterestLn 20 | $549 | |||
| InsuranceLn 23 | $3K | |||
| Other expenses (24a–d)Ln 24 | $5K | |||
| Total functional expensesLn 25 | $192K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $222K | $192K | $30K | $123K | 990 PDF |
| FY2023Filed with the IRS Apr 18, 2025 | $212K | $245K | −$33K | $94K | 990 PDF |
| FY2022Filed with the IRS Jun 13, 2023 | $233K | $262K | −$29K | $127K | 990 PDF |
| FY2021Filed with the IRS Feb 25, 2022 | $274K | $255K | $19K | $156K | 990 PDF |
| FY2020Filed with the IRS Apr 28, 2021 | $194K | $194K | −$26 | $137K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $221,699 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 4 to look at
Part VIII · Statement of revenue $221,699 across 7 lines filed
Part IX · Statement of functional expenses $191,902 across 12 lines filed
Part X · Balance sheet $124,386 assets, 10 lines filed
Part XI · Reconciliation of net assets $123,481 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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