Civic Intelligence

Virginia Education Foundation

990 • Fiscal year 2021 • EIN 36-4893011

Mar 01, 2020 to Feb 28, 2021 • Filed on Mar 31, 2021

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

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

59th percentile

18%

Higher net margin than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

100th percentile

4731%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

225%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$426,534

Up $417,705 (+4731%) from 2020

Net Assets

Up

$426,534

Up $417,705 (+4731%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin59th percentile

Revenue

Up

$2,349,268

Up $1,626,021 (+225%) from 2020

Expenses

Up

$1,931,563

Up $1,002,881 (+108%) from 2020

Net Income

Up

$417,705

Up $623,140 (+303%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th 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

2021

Assets$426,534
Liabilities$0
Net Assets$426,534
Open 2021 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

2021

Revenue$2,349,268
Expenses$1,931,563
Net Income$417,705
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2020 to Feb 28, 2021
Signed
Mar 31, 2021
Return Version
2020v4.0
Gross Receipts
$2,349,268
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
Cash and Non-Interest-Bearing Accounts$8,829$426,534▲ $417,705
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-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$8,829$426,534▲ $417,705
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,829$426,534▲ $417,705
Total Net Assets Fund Balance$8,829$426,534▲ $417,705
Total Liabilities and Net Assets / Fund Balance$8,829$426,534▲ $417,705
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
George BekerPresident
Arnold E SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,344,653
Program Service Revenue
$0
Investment Income
$4,615
Other Revenue
$0
All Other Contributions
$2,344,653
Change in Net Assets
$417,705

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$1,930,788List price
Securities Publicly Traded1$125,342Market value
Total Noncash Contributions1$2,056,130-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,930,788
Other Expenses$775
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,930,788--$1,930,788
Other Expenses-$775-$775
Total Functional Expenses$1,930,788$775$0$1,931,563
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Danville City SchoolsDanville, VA--$0
Henrico County SchoolsHenrico, VA--$0
Henry County SchoolsCollinsville, VA--$0
Richmond City SchoolsRichmond, 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
2021-03-31
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.”

Raw XML Appendix382 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The 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.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt02344653
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0George Beker
IRS990/BooksInCareOfDetail/PhoneNum05409234065
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01564 West Hoover Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Madison
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022727
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt08829
IRS990/CashNonInterestBearingGrp/EOYAmt0426534
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02344653
IRS990/CYGrantsAndSimilarPaidAmt01930788
IRS990/CYInvestmentIncomeAmt04615
IRS990/CYOtherExpensesAmt0775
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0417705
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01931563
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02349268
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0VEF provided revenues in the form of new books to five counties' public school systems serving many thousands of low-income children and youth and students with disabilities.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01930788
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0George Beker
IRS990/Form990PartVIISectionAGrp/PersonNm1Arnold E Smith
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01930788
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01930788
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02349268
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt04615
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04615
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Virginia 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt08829
IRS990/NetAssetsOrFundBalancesEOYAmt0426534
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08829
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0426534
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt02056130
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Registration and filing fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0775
IRS990/OtherExpensesGrp/TotalAmt0775
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0George Beker
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0723247
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0925923
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02759
IRS990/PYRevenuesLessExpensesAmt0-205435
IRS990/PYTotalExpensesAmt0928682
IRS990/PYTotalRevenueAmt0723247
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0417705
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02344653
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0723247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0327287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03395187
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt03395187
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02344653
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0723247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0327287
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03395187
IRS990ScheduleA/TotalSupportAmt03395187
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt00
IRS990ScheduleI/RecipientTable/CashGrantAmt10
IRS990ScheduleI/RecipientTable/CashGrantAmt20
IRS990ScheduleI/RecipientTable/CashGrantAmt30
IRS990ScheduleI/RecipientTable/CashGrantAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0463803
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt1256330
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt2358698
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt3510795
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt4340962
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Books
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1Books
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc2Books
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc3Books
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc4Books
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Danville City Schools
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Henrico County Schools
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Henry County Schools
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Richmond City Schools
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Roanoke City Schools
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0341 Main Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13820 Nine Mile Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2330 Kings Mountain Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3301 North Ninth Steet
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt440 Douglass Avenue NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Danville
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Henrico
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Collinsville
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Richmond
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Roanoke
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd024541
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd123223
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd224078
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd323219
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd424012
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0List price
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1List price
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2List price
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3List price
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc4List 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/Total501c3OrgCnt05
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0List price
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt01930788
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0Market value
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0125342
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08829
IRS990/TotalAssetsEOYAmt0426534
IRS990/TotalAssetsGrp/BOYAmt08829
IRS990/TotalAssetsGrp/EOYAmt0426534
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02344653
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0775
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01930788
IRS990/TotalFunctionalExpensesGrp/TotalAmt01931563
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08829
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0426534
IRS990/TotalProgramServiceExpensesAmt01930788
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04615
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02349268
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08829
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0426534
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0George Beker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05409235012
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-31
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/ReturnTs02021-03-31T13:52:31-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0George
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Beker
ReturnHeader/TaxPeriodBeginDt02020-03-01
ReturnHeader/TaxPeriodEndDt02021-02-28
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$426,534
Liabilities
$0
Net assets
$426,534
Revenue
$2,349,268
Expenses
$1,931,563
Net income
$417,705
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