Civic Intelligence

Virginia Library Association

990 • Fiscal year 2021 • EIN 23-7440121

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 20, 2022

PO Box 56312Virginia Beach, VA 23456

(757) 689-0594

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.00x

Higher debt load relative to assets than 37% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

16th percentile

-12%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

90th percentile

$112,961

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 37.6% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

35th percentile

2.5%

Faster asset growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

71%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$530,389

Up $12,773 (+2.5%) from 2020

Net Assets

Up

$528,356

Up $13,119 (+2.5%) from 2020

Liabilities

Down

$2,033

Down $346 (-15%) from 2020

Revenue

Up

$300,607

Up $124,759 (+71%) from 2020

Expenses

Up

$335,199

Up $124,597 (+59%) from 2020

Net Income

Up

-$34,592

Up $162 (+0.5%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2017: $460,076Liabilities 2017: $0Net Assets 2017: $460,0762017Assets 2018: $408,338Liabilities 2018: $0Net Assets 2018: $408,3382018Assets 2019: $535,478Liabilities 2019: $2,268Net Assets 2019: $533,2102019Assets 2020: $517,616Liabilities 2020: $2,379Net Assets 2020: $515,2372020Assets 2021: $530,389Liabilities 2021: $2,033Net Assets 2021: $528,3562021Assets 2022: $431,948Liabilities 2022: $0Net Assets 2022: $431,9482022Assets 2023: $525,912Liabilities 2023: $0Net Assets 2023: $525,9122023Assets 2024: $617,445Liabilities 2024: $0Net Assets 2024: $617,4452024

Highlighted filing

2021

Assets$530,389
Liabilities$2,033
Net Assets$528,356

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2017: $367,744Expenses 2017: $340,733Net Income 2017: $27,0112017Revenue 2018: $381,591Expenses 2018: $381,280Net Income 2018: $3112018Revenue 2019: $412,012Expenses 2019: $354,098Net Income 2019: $57,9142019Revenue 2020: $175,848Expenses 2020: $210,602Net Income 2020: -$34,7542020Revenue 2021: $300,607Expenses 2021: $335,199Net Income 2021: -$34,5922021Revenue 2022: $411,525Expenses 2022: $414,050Net Income 2022: -$2,5252022Revenue 2023: $532,671Expenses 2023: $488,244Net Income 2023: $44,4272023Revenue 2024: $491,665Expenses 2024: $435,410Net Income 2024: $56,2552024

Highlighted filing

2021

Revenue$300,607
Expenses$335,199
Net Income-$34,592
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 20, 2022
Return Version
2021v4.0
Gross Receipts
$300,607
Mission and Program Overview

Mission

The purpose of the virginia library association shall be to develop, promote, and improve library and information services, library staff, and the profession of librarianship in order to advance literacy and learning and to ensure access to information in the commonwealth of virgina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$389,039$438,434▲ $49,395
Cash and Non-Interest-Bearing Accounts$64,330$53,386▼ $10,944
Savings and Temporary Cash Investments$62,714$30,459▼ $32,255
Prepaid Expenses and Deferred Charges-$7,190-
Land, Buildings, and Equipment, Net$1,533$920▼ $613
Total Assets$517,616$530,389▲ $12,773
Liabilities
Accounts Payable and Accrued Expenses$2,379$2,033▼ $346
Total Liabilities$2,379$2,033▼ $346
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$515,237$528,356▲ $13,119
Total Net Assets Fund Balance$515,237$528,356▲ $13,119
Total Liabilities and Net Assets / Fund Balance$517,616$530,389▲ $12,773

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$920$1,769$2,689
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa VargaExecutive DiFT$102,461$10,500$112,961

Board Members and Trustees

NameTitle
Kimberly KnightPresident El
Kt VaughanBoard Presid
Lisa Lee BroughmanBoard Secret
Kyle BinaxasBoard Treasu
Zach ElderBoard Vice P
Lucinda Rush WittkowerAla Council
Regina Sierra CarterFormer 2nd V
Maryska Connolly-brownFormer Secre
Bill Edwards-bodmerFormer Treas
Jennifer Resor-whickerPast Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$149,533
Program Service Revenue
$120,944
Investment Income
$29,435
Other Revenue
$695
All Other Contributions
$7,525
Change in Net Assets
$-34,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,743
Salaries, Compensation, and Employee Benefits$125,956
Grants and Similar Amounts Paid$7,500
Total Fundraising Expense$6,298
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$116,877--$116,877
Current Officers, Directors, Trustees, and Key Employees$10,246$87,092$5,123$102,461
Fees for Services Other$45,335--$45,335
Other Employee Benefits$1,561$13,273$781$15,615
Office Expenses$6,814$3,356-$10,170
Information Technology$10,032--$10,032
Payroll Taxes$788$6,698$394$7,880
Grants to Domestic Individuals$7,500--$7,500
Fees for Services Accounting-$5,370-$5,370
Insurance-$2,988-$2,988
Fees for Services Lobbying$2,512--$2,512
Travel$1,760--$1,760
Depreciation Depletion$613--$613
Advertising$520--$520
Other Expenses$375--$375
Payments to Affiliates$298--$298
Total Functional Expenses$210,124$118,777$6,298$335,199
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The association is a membership organization.

Form 990, Page 6, Part VI, Line 7A

The association's members elect the members of the governing body.

Form 990, Page 6, Part VI, Line 7B

Changes to the bylaws must be approved by the members of the association. New forums and committees must be approved by the members.

Form 990, Page 6, Part VI, Line 11B

The executive director will review the form 9990.

Form 990, Page 6, Part VI, Line 19

Governing documents are available on the association's website.

Filing and Contact Details

Filer

Filer Name
Virginia Library Association
EIN
23-7440121
Phone
7576890594
Address
PO BOX 56312, VIRGINIA BEACH, VA 23456

Signing Officer

Name
Lisa Varga
Title
Executive Director
Phone
7576890594
Signed
2022-09-20

Organization Details

Principal Officer
Lisa Varga
Formed
1905
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
40

Preparer

Firm
A Rohm Smith & Company
Address
11832 ROCK LANDING DR STE 101, NEWPORT NEWS, VA 23606-4277
Preparer
Theresa Rohm CPA
Phone
7572239602
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of the virginia library association shall be to develop, promote, and improve library and information services, library staff, and the profession of librarianship in order to advance literacy and learning and to ensure access to information in the commonwealth of virgina.

Form 990, Part IX, Line 11G

Monitoring & research 42,188 0 0 administratvie services 3,147 0 0 total 45,335 0 0

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IRS990/ProgSrvcAccomActy3Grp/GrantAmt07500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0134417
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt08000
IRS990/PYInvestmentIncomeAmt019463
IRS990/PYOtherExpensesAmt094991
IRS990/PYOtherRevenueAmt0426
IRS990/PYProgramServiceRevenueAmt021542
IRS990/PYRevenuesLessExpensesAmt0-34754
IRS990/PYSalariesCompEmpBnftPaidAmt0107611
IRS990/PYTotalExpensesAmt0210602
IRS990/PYTotalRevenueAmt0175848
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-34592
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0100394
IRS990/SavingsAndTempCashInvstGrp/BOYAmt062714
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0149533
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0134417
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0186263
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0117278
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0127831
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0715322
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04256
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017927
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt013914
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06621
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05873
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt048591
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0121639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt021968
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0211835
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0245130
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0228272
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0828844
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04256
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017927
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt013914
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06621
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt048591
IRS990ScheduleA/InvestmentIncomeCYPct00.03000
IRS990ScheduleA/InvestmentIncomePYPct00.04000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96950
IRS990ScheduleA/PublicSupportPY509Pct00.95850
IRS990ScheduleA/PublicSupportTotal509Amt01544166
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0271172
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0156385
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0398098
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0362408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0356103
IRS990ScheduleA/Total509Grp/TotalAmt01544166
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0275428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0174312
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0412012
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0369029
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0361976
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01592757
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/CorrectionMadeInd0false
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesAmt02512
IRS990ScheduleC/OtherActivitiesInd0true
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0PAID THIRD PARTY LOBBYIST FOR SERVICES
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
IRS990ScheduleC/TotalLobbyingExpendituresAmt02512
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0920
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01769
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02689
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0920
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE VIRGINIA LIBRARY ASSOCIATION (VLA) AWARDS THREE 2500 SCHOLARSHIPS FOR STUDENTS PURSUING A MASTERS DEGREE IN LIBRARY SCIENCE AT AMERICAN LIBRARY ASSOCIATION ACCREDITED SCHOOLS. THE VLA SCHOLARSHIP IS AWARDED BY THE SCHOLARSHIP COMMITTEE. CRITERIA: EVIDENCE OF A COMMITMENT TO A CAREER IN LIBRARIANSHIP IN VIRGINIA, FINANCIAL NEED, POTENTIAL FOR OUTSTANDING ACHIEVEMENT IN THE LIBRARY PROFESSION, ACADEMIC EXCELLENCE, MEMBERSHIP IN THE VIRGINIA LIBRARY ASSOCIATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE VIRGINIA LIBRARY ASSOCIATION SHALL BE TO DEVELOP, PROMOTE, AND IMPROVE LIBRARY AND INFORMATION SERVICES, LIBRARY STAFF, AND THE PROFESSION OF LIBRARIANSHIP IN ORDER TO ADVANCE LITERACY AND LEARNING AND TO ENSURE ACCESS TO INFORMATION IN THE COMMONWEALTH OF VIRGINA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION'S MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES TO THE BYLAWS MUST BE APPROVED BY THE MEMBERS OF THE ASSOCIATION. NEW FORUMS AND COMMITTEES MUST BE APPROVED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR WILL REVIEW THE FORM 9990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MONITORING & RESEARCH 42,188 0 0 ADMINISTRATVIE SERVICES 3,147 0 0 TOTAL 45,335 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0517616
IRS990/TotalAssetsEOYAmt0530389
IRS990/TotalAssetsGrp/BOYAmt0517616
IRS990/TotalAssetsGrp/EOYAmt0530389
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0149533
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06298
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0118777
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0210124
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335199
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02379

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