Civic Intelligence

Virginia Education Foundation

990 • Fiscal year 2020 • EIN 36-4893011

Mar 01, 2019 to Feb 29, 2020 • Filed on Jul 29, 2020

Organization ProfileN/A
1564 West Hoover RoadMadison, VA 22727

(540) 923-4065

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

13th percentile

-28%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

1st percentile

-96%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

121%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$8,829

Down $205,435 (-96%) from 2019

Net Assets

Down

$8,829

Down $205,435 (-96%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin13th percentile

Revenue

Up

$723,247

Up $395,960 (+121%) from 2019

Expenses

Up

$928,682

Up $815,659 (+722%) from 2019

Net Income

Down

-$205,435

Down $419,699 (-196%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$6.0M$4.0M$2.0M$0Assets 2019: $214,264Liabilities 2019: $0Net Assets 2019: $214,2642019Assets 2020: $8,829Liabilities 2020: $0Net Assets 2020: $8,8292020Assets 2021: $426,534Liabilities 2021: $0Net Assets 2021: $426,5342021Assets 2022: $1,181,332Liabilities 2022: $100,000Net Assets 2022: $1,081,3322022Assets 2023: $2,007,859Liabilities 2023: $500,000Net Assets 2023: $1,507,8592023Assets 2024: $3,038,330Liabilities 2024: $600,000Net Assets 2024: $2,438,3302024Assets 2025: $4,214,611Liabilities 2025: $700,000Net Assets 2025: $3,514,6112025

Highlighted filing

2020

Assets$8,829
Liabilities$0
Net Assets$8,829
Open 2020 Filing

Operations Trend

Revenue Growth94th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $327,287Expenses 2019: $113,023Net Income 2019: $214,2642019Revenue 2020: $723,247Expenses 2020: $928,682Net Income 2020: -$205,4352020Revenue 2021: $2,349,268Expenses 2021: $1,931,563Net Income 2021: $417,7052021Revenue 2022: $2,534,511Expenses 2022: $1,879,252Net Income 2022: $655,2592022Revenue 2023: $2,544,060Expenses 2023: $1,817,849Net Income 2023: $726,2112023Revenue 2024: $2,677,886Expenses 2024: $1,878,910Net Income 2024: $798,9762024Revenue 2025: $3,319,445Expenses 2025: $2,357,412Net Income 2025: $962,0332025

Highlighted filing

2020

Revenue$723,247
Expenses$928,682
Net Income-$205,435
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2019 to Feb 29, 2020
Signed
Jul 29, 2020
Return Version
2019v5.0
Gross Receipts
$723,247
Mission and Program Overview

Mission

Virginia Education Foundation (VEF) promotes literacy, grade level reading, and school success by providing grants to Virginia Title I public schools and organizations in Virginia that serve the educational needs of low-income children and youth and students with disabilities.

The Virginia Education Foundation promotes literacy, grade level reading, and school success by providing grants to Virginia Title I public schools and organizations in Virginia that serve the educational needs of low-income children and youth and students with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$203,676$0▼ $203,676
Cash and Non-Interest-Bearing Accounts$10,588$8,829▼ $1,759
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$214,264$8,829▼ $205,435
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$214,264$8,829▼ $205,435
Total Net Assets Fund Balance$214,264$8,829▼ $205,435
Total Liabilities and Net Assets / Fund Balance$214,264$8,829▼ $205,435
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
George BekerPresident
Arnold E SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$723,247
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$723,247
Change in Net Assets
$-205,435

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$722,247Retail value
Total Noncash Contributions$722,247-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$925,923
Other Expenses$2,759
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$925,923--$925,923
Other Expenses$2,034$725-$725
Total Functional Expenses$927,957$725$0$928,682
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Culpeper County SchoolsCulpeper, VA--$0
Danville City SchoolsDanville, VA--$0
Henrico County SchoolsHenrico, VA--$0
Richmond City SchoolsRichmond, VA--$0
Roanoke City SchoolsRoanoke, VA--$0
Roanoke City SchoolsRoanoke, VA--$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“A draft of the form 990 is reviewed by the President and made available to the entire Board prior to it being filed.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization's governing documents, policies, and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Education Foundation
EIN
36-4893011
Phone
5409234065
Address
1564 West Hoover Road, Madison, VA 22727

Signing Officer

Name
George Beker
Title
President
Phone
5409235012
Signed
2020-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Beker
Formed
2018
Legal Domicile
Va
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Nicholas Jones & Co PLC
Address
301 S West Street, Culpeper, VA 22701
Preparer
David M Jones
Phone
5408258005
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The Board assumes responsibility for oversight of the review of the financial statements and for the selection of the independent accountant. There has been no change in this process.”

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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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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2List price
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3List price
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc4List price
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc5List price
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0In its annual application to the Virginia Department of Education for NAP tax credits, the Organization is required to report the number of persons served by its grants. To facilitate that reporting, the Organization solicits and receives reports from recipient schools, school systems, and other organizations documenting the number of low-income children and students with disabilities served by VEF's donations.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt06
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0Retail value
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt0722247
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft of the form 990 is reviewed by the President and made available to the entire Board prior to it being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization's governing documents, policies, and financial statements are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board assumes responsibility for oversight of the review of the financial statements and for the selection of the independent accountant. There has been no change in this process.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2: Change of Oversight or Selection Process
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0214264
IRS990/TotalAssetsEOYAmt08829
IRS990/TotalAssetsGrp/BOYAmt0214264
IRS990/TotalAssetsGrp/EOYAmt08829
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0723247
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0725
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0927957
IRS990/TotalFunctionalExpensesGrp/TotalAmt0928682
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0214264
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08829
IRS990/TotalProgramServiceExpensesAmt0927957
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0723247
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0214264
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08829
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01564 West Hoover Road
IRS990/USAddress/CityNm0Madison
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022727
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0George Beker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05409235012
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Virginia Education Foundation
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0364893011
ReturnHeader/Filer/PhoneNum05409234065
ReturnHeader/Filer/USAddress/AddressLine1Txt01564 West Hoover Road
ReturnHeader/Filer/USAddress/CityNm0Madison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022727
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453740381
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Nicholas Jones & Co PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 S West Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Culpeper
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022701
ReturnHeader/PreparerPersonGrp/PhoneNum05408258005
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David M Jones
ReturnHeader/ReturnTs02020-07-29T09:13:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-03-01
ReturnHeader/TaxPeriodEndDt02020-02-29
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,829
Liabilities
$0
Net assets
$8,829
Revenue
$723,247
Expenses
$928,682
Net income
-$205,435
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.21$0.70$3.51$3.32$2.36$0.96
2024Detailed filing. Detailed filing data is available for this year.$3.04$0.60$2.44$2.68$1.88$0.80
2023Detailed filing. Detailed filing data is available for this year.$2.01$0.50$1.51$2.54$1.82$0.73
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.10$1.08$2.53$1.88$0.66
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$2.35$1.93$0.42
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.72$0.93$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.33$0.11$0.21