Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
990 • Fiscal year 2022 • EIN 27-1647574
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Assets
Down$310,850
Down $254,067 (-45%) from 2021
Net Assets
Down$310,850
Down $252,341 (-45%) from 2021
Liabilities
Down$0
Down $1,726 (-100%) from 2021
Revenue
Down$472,208
Down $289,347 (-38%) from 2021
Expenses
Up$724,549
Up $72,893 (+11%) from 2021
Net Income
Down-$252,341
Down $362,240 (-330%) from 2021
The virginia foundation for ld students was established to serve students with financial need whose lives would be transformed by an individualized education. Students supported by this foundation come from a wide range of socioeconomic backgrounds; over 20% of families currently receiving tuition assistance live at or below the federal poverty level. Supporters of this educational foundation secure our ability to offer students critical scholarship funds, while at the same time realizing significant tax savings for donors. The impact of your gift to vflds is truly life changing.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $564,917 | $310,850 | ▼ $254,067 |
| Total Assets | $564,917 | $310,850 | ▼ $254,067 |
| Liabilities | |||
| Other Liabilities | $1,726 | $0 | ▼ $1,726 |
| Total Liabilities | $1,726 | $0 | ▼ $1,726 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $453,522 | $310,850 | ▼ $142,672 |
| Net Assets With Donor Restrictions | $109,669 | $0 | ▼ $109,669 |
| Total Net Assets Fund Balance | $563,191 | $310,850 | ▼ $252,341 |
| Total Liabilities and Net Assets / Fund Balance | $564,917 | $310,850 | ▼ $254,067 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2021 | $109,669 | - | - | $109,669 | - |
| 2020 | $109,669 | - | ▲ $60 | $60 | $109,669 |
| 2019 | $109,669 | - | ▲ $49 | $49 | $109,669 |
| 2018 | $109,669 | - | ▲ $49 | $49 | $109,669 |
| 2017 | $109,669 | - | ▲ $180 | $180 | $109,669 |
| Name | Title |
|---|---|
| Joanne L Webster | President |
| Darlene Pierro | Vice President |
| Matt Benedetti | Secretary |
| C Grigsby Scifres | Treasurer |
| Contribution Type | Contribution Count | Reported Amount |
|---|---|---|
| Securities Publicly Traded | 5 | $103,720 |
| Total Noncash Contributions | 5 | $103,720 |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $697,742 |
| Other Expenses | $16,152 |
| Salaries, Compensation, and Employee Benefits | $10,655 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $697,742 | - | - | $697,742 |
| Other Salaries and Wages | $5,327 | $5,328 | - | $10,655 |
| Fees for Services Accounting | - | $6,950 | - | $6,950 |
| Occupancy | $3,000 | $3,000 | - | $6,000 |
| Insurance | $564 | $564 | - | $1,128 |
| Other Expenses | - | $387 | - | $387 |
| Fees for Services Legal | - | $275 | - | $275 |
| Total Functional Expenses | $706,633 | $17,916 | $0 | $724,549 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $724,549 |
| Total Expenses per Audited Statements | $724,549 |
| Total Expenses per Form 990 | $724,549 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Chesapeake Bay Academy | Virginia Beach, VA | 501(c)(3) | Financial Aid to Students of Chesapeake Bay Academy and Related Support. | $684,358 |
| New Vistas School of Central Virginia Inc | Lynchburg, VA | 501(c)(3) | Financial Aid to Students of Partner Schools. | $13,384 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“A draft of form 990 is given to all board memebers for review before filing.”
“All board members are required to sign a conflict of interest statement each year.”
“The foundation does not have any arrangements to make its governing documents, conflict of interest policy or financial statements available to the general public. However, these documents are made available to the parties who request them.”
“The foundation has a committee that assumes responsibility for oversight of the review of its financial statements and selection of an independent accountant.”
“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. Internal revenue code section 513(a) defines an unrelated trade or business of an exempt organization as any trade or business which is not substantially related to the exercise or performance of its exempt purpose. Currently, the foundation has no obligation for any unrelated business income tax. The foundation believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE VIRGINIA FOUNDATION FOR LD STUDENTS WAS ESTABLISHED TO SERVE STUDENTS WITH FINANCIAL NEED WHOSE LIVES WOULD BE TRANSFORMED BY AN INDIVIDUALIZED EDUCATION. STUDENTS SUPPORTED BY THIS FOUNDATION COME FROM A WIDE RANGE OF SOCIOECONOMIC BACKGROUNDS; OVER 20% OF FAMILIES CURRENTLY RECEIVING TUITION ASSISTANCE LIVE AT OR BELOW THE FEDERAL POVERTY LEVEL. SUPPORTERS OF THIS EDUCATIONAL FOUNDATION SECURE OUR ABILITY TO OFFER STUDENTS CRITICAL SCHOLARSHIP FUNDS, WHILE AT THE SAME TIME REALIZING SIGNIFICANT TAX SAVINGS FOR DONORS. THE IMPACT OF YOUR GIFT TO VFLDS IS TRULY LIFE CHANGING. |
| IRS990/AllOtherContributionsAmt | 0 | 472168 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7577471674 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 821 BAKER ROAD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | VIRGINIA BEACH |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23462 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 472168 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 697742 |
| IRS990/CYInvestmentIncomeAmt | 0 | 40 |
| IRS990/CYOtherExpensesAmt | 0 | 16152 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -252341 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 10655 |
| IRS990/CYTotalExpensesAmt | 0 | 724549 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 472208 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 1 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE VIRGINIA FOUNDATION FOR LD STUDENTS WAS ESTABLISHED TO SERVE STUDENTS WITH FINANCIAL NEED WHOSE LIVES WOULD BE TRANSFORMED BY AN INDIVIDUALIZED EDUCATION. STUDENTS SUPPORTED BY THIS FOUNDATION COME FROM A WIDE RANGE OF SOCIOECONOMIC BACKGROUNDS; OVER 20% OF FAMILIES CURRENTLY RECEIVING TUITION ASSISTANCE LIVE AT OR BELOW THE FEDERAL POVERTY LEVEL. SUPPORTERS OF THIS EDUCATIONAL FOUNDATION SECURE OUR ABILITY TO OFFER STUDENTS CRITICAL SCHOLARSHIP FUNDS, WHILE AT THE SAME TIME REALIZING SIGNIFICANT TAX SAVINGS FOR DONORS. THE IMPACT OF YOUR GIFT TO VFLDS IS TRULY LIFE CHANGING. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 109669 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 706633 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 6950 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 6950 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 275 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 275 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JOANNE L WEBSTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | C GRIGSBY SCIFRES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MATT BENEDETTI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DARLENE PIERRO |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | VICE PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2009 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GrantAmt | 0 | 697742 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 697742 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 697742 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 472208 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 564 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 564 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1128 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 40 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 40 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE VIRGINIA FOUNDATION FOR LD STUDENTS WAS ESTABLISHED TO SERVE STUDENTS WITH FINANCIAL NEED WHOSE LIVES WOULD BE TRANSFORMED BY AN INDIVIDUALIZED EDUCATION. STUDENTS SUPPORTED BY THIS FOUNDATION COME FROM A WIDE RANGE OF SOCIOECONOMIC BACKGROUNDS; OVER 20% OF FAMILIES CURRENTLY RECEIVING TUITION ASSISTANCE LIVE AT OR BELOW THE FEDERAL POVERTY LEVEL. SUPPORTERS OF THIS EDUCATIONAL FOUNDATION SECURE OUR ABILITY TO OFFER STUDENTS CRITICAL SCHOLARSHIP FUNDS, WHILE AT THE SAME TIME REALIZING SIGNIFICANT TAX SAVINGS FOR DONORS. THE IMPACT OF YOUR GIFT TO VFLDS IS TRULY LIFE CHANGING. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 563191 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 310850 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 453522 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 310850 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NoncashContributionsAmt | 0 | 103720 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 3000 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 3000 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 6000 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | BANK FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | ADMINISTRATIVE |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 810 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 602 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 387 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 810 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 602 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 387 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1726 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 5328 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 5327 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 10655 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JOANNE WEBSTER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 761495 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 627782 |
| IRS990/PYInvestmentIncomeAmt | 0 | 60 |
| IRS990/PYOtherExpensesAmt | 0 | 15161 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 109899 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 8713 |
| IRS990/PYTotalExpensesAmt | 0 | 651656 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 761555 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -252341 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 564917 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 310850 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 472168 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 761495 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 424110 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 571190 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 716757 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2945720 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 40 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 60 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 83 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 180 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 412 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.69010 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.69750 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2033124 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 912596 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 472168 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 761495 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 424110 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 571190 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 716757 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2945720 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2946132 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 60 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 60 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 49 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 49 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 49 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 49 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 109669 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 180 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 180 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 724549 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CURRENTLY, THE FOUNDATION HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
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| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 724549 |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 13384 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501(C)(3) |
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| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 1 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | FINANCIAL AID TO STUDENTS OF CHESAPEAKE BAY ACADEMY AND RELATED SUPPORT. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | FINANCIAL AID TO STUDENTS OF PARTNER SCHOOLS. |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | CHESAPEAKE BAY ACADEMY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | NEW VISTAS SCHOOL OF CENTRAL VIRGINIA INC |
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| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 541273630 |
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| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 520 ELDON STREET |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | VIRGINIA BEACH |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | LYNCHBURG |
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| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | VA |
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| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 24501 |
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| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 0 |
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| IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS, NOT THE AMOUNT OF ITEMS RECEIVED. |
| IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, COLUMN (B): |
| IRS990ScheduleM/ThirdPartiesUsedInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A DRAFT OF FORM 990 IS GIVEN TO ALL BOARD MEMEBERS FOR REVIEW BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FOUNDATION DOES NOT HAVE ANY ARRANGEMENTS TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. HOWEVER, THESE DOCUMENTS ARE MADE AVAILABLE TO THE PARTIES WHO REQUEST THEM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FOUNDATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART XII, LINE 2C: |
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| IRS990/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990/TaxablePartyNotificationInd | 0 | 0 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
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| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 821 BAKER ROAD |
| IRS990/USAddress/CityNm | 0 | VIRGINIA BEACH |
| IRS990/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/USAddress/ZIPCd | 0 | 23462 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | HTTPS://WWW.VFLDS.ORG/HOME |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
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| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOANNE WEBSTER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7577471674 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-03-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VIRGINIA FOUNDATION FOR LD STUDENTS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VIRG |
| ReturnHeader/Filer/EIN | 0 | 271647574 |
| ReturnHeader/Filer/PhoneNum | 0 | 7577471674 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 821 BAKER ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | VIRGINIA BEACH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23462 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 541517420 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WALL EINHORN & CHERNITZER PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 150 W MAIN ST SUITE 1200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NORFOLK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 23510 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7576254700 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-03-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOHN M WATERS |
| ReturnHeader/ReturnTs | 0 | 2023-03-17T14:00:20-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JOANNE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | WEBSTER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.