The mission of the corporation is to promote health, educate the public, provide relief to the poor and distressed, lessen the burdens of government, and combat community deterioration by serving as a statewide resource that (1) offers financial support for charitable and educational initiatives across the state, (2) engages in research and education that is made publicly available, and (3) develops and encourages collaborations that accomplish charitable and educational objectives through resource-sharing, learning, and networking.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
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
2 of 5
filings with a surplus
Average surplus $97K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Plus $3.7M in investments, Pt X · Ln 11–13
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $88K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$126K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-15% vs prior year
Spent
$1.1M
To programs
72%
Net assets
$5.2M
By yearFY2021–FY2025
Revenue
$1.1M
FY2025▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2021$911K
FY2022$297K
FY2023$730K
FY2024$1.3M
FY2025$1.1M
Expenses
$1.1M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$275K
FY2022$576K
FY2023$742K
FY2024$1.1M
FY2025$1.1M
Net assets
$5.2M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.6M
FY2022$3.5M
FY2023$3.9M
FY2024$4.8M
FY2025$5.2M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2020.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $803K Management & general 28% · $310K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
CEO, Va Funders Network
$0Pt VII · Sec A
See Path Partnerships 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 and supports charitable and educational initiatives, shares research, and fosters collaborations statewide.

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Provided by the organization

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1 program · $803K · in their own filed words · FY2024
01

Virginia Funders' Network (vfn)

A statewide membership program of more than 100 philanthropic organizations working to improve the quality of life in the commonwealth. VFN enhances the effectiveness of our members' work through networking, collaboration, learning, and leverage.

$803Kprogram 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 · FY2024
See all 7 funders →
Grants paid · 7 grants · $445K · 2022–2024
Cardinal Productions INCVA · FY2024$50,000
Cardinal Productions INCVA · FY2023$50,000
Cardinal Productions INCVA · FY2022$50,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$639K
Fees for servicesLn 2g$348K
Investment incomeLn 3$86K
Money outPt IX
$1.1M
Ln 25
Programscol B$803K
Managementcol C$310K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$771K
Total assetsLn 16$5.4M
LiabilitiesLn 26$126K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$639K
Fees for servicesLn 2g$348K
Investment incomeLn 3$86K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$771K
Cash and savings togetherLn 1–2$771K
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$760K
Total assetsLn 16$5.4M
LiabilitiesLn 26$126K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$576K$771K
InvestmentsLn 11–13$3.3M$3.7M
Land, buildings, equipmentLn 10c$4K$3K
Total assetsLn 16$4.9M$5.4M
LiabilitiesLn 26$43K$126K
Net assetsLn 32$4.8M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$206K$206K
Pay of current officers, directors and key staffLn 5$178K$142K$36K
Other salaries and wagesLn 7$188K$129K$59K
Pension plan contributionsLn 8$6K$4K$2K
Other employee benefitsLn 9$35K$24K$11K
Payroll taxesLn 10$24K$18K$6K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$272K$210K$62K
Office expensesLn 13$33K$5K$28K
Conferences, conventions and meetingsLn 19$144K$64K$80K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$1.1M$803K$310K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$1.1M−$41K$5.2M 990 PDF
FY2024 $1.3M$1.1M$179K$4.8M 990 PDF
FY2023 $730K$742K−$12K$3.9M 990 PDF
FY2022 $297K$576K−$280K$3.5M 990 PDF
FY2021 $911K$275K$636K$3.6M 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 FY2025 990 (6 parts)
Part I · Summary $1,072,182 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $817,750$638,508
I-9 Program service revenuePrior year $297,041$347,664
I-10 Investment incomePrior year $144,783$86,010
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,259,574$1,072,182
I-13 Grants and similar amounts paidPrior year $275,000$206,372
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $403,192$432,067
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $402,380$474,375
I-18 Total expensesPrior year $1,080,572$1,112,814
I-19 Revenue less expensesPrior year $179,002−$40,632
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,072,182 across 6 lines filed
VIII-1b Membership dues$348,508
VIII-1f All other contributions, gifts and grants$290,000
VIII-1h Total contributions, gifts and grants$638,508
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $347,664$347,664
VIII-3 Investment incomeExcluded from tax $86,010$86,010
VIII-12 Total revenueRelated to mission $347,664 · Unrelated business $0 · Excluded from tax $86,010$1,072,182
Part IX · Statement of functional expenses $1,112,814 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $206,372$206,372
IX-5 Pay of current officers, directors and key staffPrograms $142,245 · Management $35,561$177,806
IX-7 Other salaries and wagesPrograms $128,986 · Management $59,208$188,194
IX-8 Pension plan contributionsPrograms $4,263 · Management $2,141$6,404
IX-9 Other employee benefitsPrograms $24,247 · Management $11,177$35,424
IX-10 Payroll taxesPrograms $17,815 · Management $6,424$24,239
IX-11b Legal feesManagement $4,005$4,005
IX-11c Accounting feesManagement $17,583$17,583
IX-11g Other fees for servicesPrograms $210,150 · Management $62,336$272,486
IX-13 Office expensesPrograms $4,947 · Management $28,293$33,240
IX-19 Conferences, conventions and meetingsPrograms $63,930 · Management $79,582$143,512
IX-22 Depreciation, depletion and amortizationManagement $1,806$1,806
IX-24 Other expenses (24a–d)Management $1,743$1,743
IX-25 Total functional expensesPrograms $802,955 · Management $309,859 · Fundraising $0$1,112,814
Part X · Balance sheet $5,361,877 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $576,329$771,275
X-3 Pledges and grants receivableStart of year $264,500$87,000
X-9 Prepaid expenses and deferred chargesStart of year $11,707$2,274
X-10c Land, buildings and equipment, netStart of year $3,518$3,212
X-11 Publicly traded securitiesStart of year $3,276,815$3,737,643
X-15 Other assetsStart of year $734,048$760,473
X-16 Total assetsStart of year $4,866,917$5,361,877
X-17 Accounts payable and accrued expensesStart of year $42,511$125,786
X-26 Total liabilitiesStart of year $42,511$125,786
X-27 Net assets without donor restrictionsStart of year $3,681,617$4,209,210
X-28 Net assets with donor restrictionsStart of year $1,142,789$1,026,881
X-32 Total net assets or fund balancesStart of year $4,824,406$5,236,091
X-33 Total liabilities and net assetsStart of year $4,866,917$5,361,877
Part XI · Reconciliation of net assets $5,236,091 net assets at year end
XI-1 Total revenue$1,072,182
XI-2 Total expenses$1,112,814
XI-3 Revenue less expenses−$40,632
XI-4 Net assets at start of year$4,824,406
XI-5 Net unrealized gains (losses) on investments$400,893
XI-9 Other changes in net assets$51,424
XI-10 Net assets at end of year$5,236,091

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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