Civic Intelligence

Virginia Beach Library Foundation

EIN 27-3077402 • 501(c)3 • Virginia Beach, VA

Profile

The virginia beach libary foundation's mission is to secure, manage, and invest publicly raised funds, gifts, and bequests in support of virginia beach libraries.

Refreshing map…

2416 Courthouse Drive Bldg 19Virginia Beach, VA 23456

www.vblibraryfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.16x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

93rd percentile

2.30x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

57th percentile

6.7%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

33rd percentile

-1.2%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$2,127,651

Up $170,136 (+8.7%) from 2024

Liabilities

Up

$336,097

Up $33,626 (+11%) from 2024

Net Assets

Up

$1,791,554

Up $136,510 (+8.2%) from 2024

Operations
Liabilities / Revenue93rd percentileNet Margin76th percentile

Revenue

Down

$146,350

Down $12,015 (-7.6%) from 2024

Expenses

Down

$112,750

Down $126,763 (-53%) from 2024

Net Income

Up

$33,600

Up $114,748 (+141%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,305,511Liabilities 2011: $0Net Assets 2011: $1,305,5112011Assets 2012: $1,304,260Liabilities 2012: $0Net Assets 2012: $1,304,2602012Assets 2013: $1,250,207Liabilities 2013: $0Net Assets 2013: $1,250,2072013Assets 2014: $1,386,732Liabilities 2014: $10,627Net Assets 2014: $1,376,1052014Assets 2015: $1,450,948Liabilities 2015: $0Net Assets 2015: $1,450,9482015Assets 2016: $1,450,987Liabilities 2016: $0Net Assets 2016: $1,450,9872016Assets 2017: $1,446,859Liabilities 2017: $0Net Assets 2017: $1,446,8592017Assets 2019: $1,648,634Liabilities 2019: $208,749Net Assets 2019: $1,439,8852019Assets 2020: $1,651,499Liabilities 2020: $217,616Net Assets 2020: $1,433,8832020Assets 2021: $2,011,489Liabilities 2021: $271,991Net Assets 2021: $1,739,4982021Assets 2022: $1,751,612Liabilities 2022: $233,106Net Assets 2022: $1,518,5062022Assets 2023: $1,890,929Liabilities 2023: $268,443Net Assets 2023: $1,622,4862023Assets 2024: $1,957,515Liabilities 2024: $302,471Net Assets 2024: $1,655,0442024Assets 2025: $2,127,651Liabilities 2025: $336,097Net Assets 2025: $1,791,5542025

Highlighted filing

2025

Assets$2,127,651
Liabilities$336,097
Net Assets$1,791,554
Open 2025 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2011: $9,4692011Expenses 2012: $38,2962012Expenses 2013: $157,5182013Revenue 2014: $172,783Expenses 2014: $46,885Net Income 2014: $125,8982014Revenue 2015: $109,502Expenses 2015: $34,659Net Income 2015: $74,8432015Revenue 2016: $110,338Expenses 2016: $110,299Net Income 2016: $392016Revenue 2017: $134,222Expenses 2017: $138,350Net Income 2017: -$4,1282017Revenue 2019: $309,102Expenses 2019: $300,926Net Income 2019: $8,1762019Revenue 2020: $149,649Expenses 2020: $123,928Net Income 2020: $25,7212020Revenue 2021: $136,958Expenses 2021: $111,516Net Income 2021: $25,4422021Revenue 2022: $151,584Expenses 2022: $85,628Net Income 2022: $65,9562022Revenue 2023: $128,556Expenses 2023: $124,986Net Income 2023: $3,5702023Revenue 2024: $158,365Expenses 2024: $239,513Net Income 2024: -$81,1482024Revenue 2025: $146,350Expenses 2025: $112,750Net Income 2025: $33,6002025

Highlighted filing

2025

Revenue$146,350
Expenses$112,750
Net Income$33,600
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,127,651
Liabilities
$336,097
Net assets
$1,791,554
Revenue
$146,350
Expenses
$112,750
Net income
$33,600
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.34$1.79$0.15$0.11$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.30$1.66$0.16$0.24$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.27$1.62$0.13$0.12$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.75$0.23$1.52$0.15$0.09$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.01$0.27$1.74$0.14$0.11$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.22$1.43$0.15$0.12$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.65$0.21$1.44$0.31$0.30$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.13$0.14$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.11$0.11$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.11$0.03$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.01$1.38$0.17$0.05$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.00$1.25$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.00$1.30$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.00$1.31$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 10, 2025
Return Version
2024v5.0
Gross Receipts
$146,350
Mission and Program Overview

Mission

To support the virginia beach public libraries

The virginia beach libary foundation's mission is to secure, manage, and invest publicly raised funds, gifts, and bequests in support of virginia beach libraries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,761,874$1,956,973▲ $195,099
Cash and Non-Interest-Bearing Accounts$191,641$166,678▼ $24,963
Total Assets$1,957,515$2,127,651▲ $170,136
Other Assets Total$4,000$4,000→ $0
Liabilities
Escrow Account Liability$301,936$336,097▲ $34,161
Accounts Payable and Accrued Expenses$535--
Total Liabilities$302,471$336,097▲ $33,626
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,566,380$1,692,003▲ $125,623
Net Assets Without Donor Restrictions$88,664$99,551▲ $10,887
Total Net Assets Fund Balance$1,655,044$1,791,554▲ $136,510
Total Liabilities and Net Assets / Fund Balance$1,957,515$2,127,651▲ $170,136

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,761,874-▲ $181,418-$1,620,874
2023$1,622,488-▲ $194,214-$1,761,874
2022$1,518,509$71,164▲ $157,802$78,474$1,622,488
2021$1,739,499$65,324▼ $200,688$61,117$1,518,508
2020$1,433,883$61,115▲ $356,016$70,588$1,739,499
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Michelle SweezeyPresident
Kimberly KnightExecutive Di
Chelle DavisMember
John MilisitzMember
Kirkland Molloy KelleyMember
Maleah AmosMember
Morris H Fine EsqMember
Robert G Krebs JrMember
Nancy OliverTreasurer
Marcy SimsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$77,842
Program Service Revenue
$0
Investment Income
$68,212
Other Revenue
$296
All Other Contributions
$77,842
Change in Net Assets
$33,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,750
Total Fundraising Expense$6,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$4,809$3,174$3,050$11,033
Fees for Service Investment Mgmnt Fees-$10,666-$10,666
Fees for Services Accounting-$7,200-$7,200
Other Expenses$43$198$3,347$3,588
Advertising$2,500$1,000-$3,500
Office Expenses$1,099$2,258-$3,357
Insurance$120-$105$225
Total Functional Expenses$76,650$29,291$6,809$112,750
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
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board of directors review and approve form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“The foundation by-laws require directors to comply with all virginia and local law concerning conflict of interest transactions as defined in va code section 13.1-871. Directors must disclose actual or potential conflicts to the board of directors.”

Form 990, Page 6, Part VI, Line 19

“The foundation makes it's form 990 available on guidestar.org, as well as upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Beach Library Foundation
EIN
27-3077402
Phone
7573858128
Address
2416 COURTHOUSE DRIVE BLDG 19, VIRGINIA BEACH, VA 23456

Signing Officer

Name
Kimberly Knight
Title
Executive Director
Phone
7573858128
Signed
2025-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Knight
Formed
2009
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Stewart & Company
Address
2940 N LYNNHAVEN RD, VIRGINIA BEACH, VA 23452
Preparer
W Kevin Stewart CPA
Phone
7574860114
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The organization holds funds as intermediary for a separate organization - the friends of the library, as part of its endowment investments.”

Raw XML Appendix391 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS FUNDS AS INTERMEDIARY FOR A SEPARATE ORGANIZATION - THE FRIENDS OF THE LIBRARY, AS PART OF ITS ENDOWMENT INVESTMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEW AND APPROVE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION BY-LAWS REQUIRE DIRECTORS TO COMPLY WITH ALL VIRGINIA AND LOCAL LAW CONCERNING CONFLICT OF INTEREST TRANSACTIONS AS DEFINED IN VA CODE SECTION 13.1-871. DIRECTORS MUST DISCLOSE ACTUAL OR POTENTIAL CONFLICTS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES IT'S FORM 990 AVAILABLE ON GUIDESTAR.ORG, AS WELL AS UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07573858128
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-10
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VIRGINIA BEACH
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ReturnHeader/PreparerPersonGrp/PhoneNum07574860114
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W KEVIN STEWART CPA
ReturnHeader/ReturnTs02025-10-14T12:08:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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