Civic Intelligence

Virginia Beach Growsmart Foundation

EIN 47-1396707 • 501(c)3 • Virginia Beach, VA

Profile

To support, empower, advocate and secure private sector funding for virginia beach growsmart's innovative and collaborative early childhood initiatives.

4525 Main Street Suite 700Virginia Beach, VA 23462

www.vbgrowsmart.com

Siviq Scores

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

Liabilities / Assets

75th percentile

0.06x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

28th percentile

-23%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

-12%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$103,206

Down $31,243 (-23%) from 2023

Liabilities

Down

$6,194

Down $1,955 (-24%) from 2023

Net Assets

Down

$97,012

Down $29,288 (-23%) from 2023

Revenue

Down

$131,931

Down $17,635 (-12%) from 2023

Expenses

Up

$161,219

Up $2,129 (+1.3%) from 2023

Net Income

Down

-$29,288

Down $19,764 (-208%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2015: $1,278Liabilities 2015: $02015Assets 2016: $45,841Liabilities 2016: $02016Assets 2017: $74,505Liabilities 2017: $2,8762017Assets 2018: $39,585Liabilities 2018: $2,6672018Assets 2019: $72,572Liabilities 2019: $7,4242019Assets 2020: $61,787Liabilities 2020: $4,000Net Assets 2020: $57,7872020Assets 2021: $65,119Liabilities 2021: $4,000Net Assets 2021: $61,1192021Assets 2022: $140,926Liabilities 2022: $5,102Net Assets 2022: $135,8242022Assets 2023: $134,449Liabilities 2023: $8,149Net Assets 2023: $126,3002023Assets 2024: $103,206Liabilities 2024: $6,194Net Assets 2024: $97,0122024

Highlighted filing

2024

Assets$103,206
Liabilities$6,194
Net Assets$97,012

Operations Trend

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

$200K$100K$0-$100KRevenue 2015: $5,242Expenses 2015: $3,963Net Income 2015: $1,2792015Revenue 2016: $98,185Expenses 2016: $53,623Net Income 2016: $44,5622016Revenue 2017: $94,421Expenses 2017: $68,340Net Income 2017: $26,0812017Revenue 2018: $101,253Expenses 2018: $135,964Net Income 2018: -$34,7112018Revenue 2019: $138,667Expenses 2019: $110,437Net Income 2019: $28,2302019Revenue 2020: $98,974Expenses 2020: $106,335Net Income 2020: -$7,3612020Revenue 2021: $94,723Expenses 2021: $91,391Net Income 2021: $3,3322021Revenue 2022: $183,802Expenses 2022: $109,097Net Income 2022: $74,7052022Revenue 2023: $149,566Expenses 2023: $159,090Net Income 2023: -$9,5242023Revenue 2024: $131,931Expenses 2024: $161,219Net Income 2024: -$29,2882024

Highlighted filing

2024

Revenue$131,931
Expenses$161,219
Net Income-$29,288

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 6, 2024
Return Version
2023v5.0
Gross Receipts
$131,931
Mission and Program Overview

Mission

To support, empower, advocate and secure private sector funding for virginia beach growsmart's innovative and collaborative early childhood initiatives.

Program Services

DescriptionGrantsExpenses
SQUARE ONE - PROVIDES FREE HIGH QUALITY TRAINING TO EARLY CHILD CARE AND EDUCATION PROVIDERS BOTH IN-PERSON AND ONLINE. TRAINING MATERIALS ARE INCLUDED AND 1,870 PROVIDERS RECEIVED TRAINING THIS YEAR AND 3,120 FAMILIES RECEIVED BOOKS & OTHER RESOURCES.-$84,877
VB TALKS INNOVATION - EXPANDED EARLY LITERACY FOCUS INCLUDES LENA START PARENT GROUPS, LENA GROW EARLY CHILDHOOD PROFESSIONAL DEVELOPMENT AND COACHING, AND LENA HOME VISITING PROGRAMS. THE GOAL IS CHILDREN'S HEALTHY DEVELOPMENT AND KINDERGARTEN READINESS SKILLS. APPROXIMATELY 400 CHILDREN PARTICIPATED IN 385 COACHING SESSIONS IN THE FISCAL YEAR.-$56,427
CELEBATING CHILDREN EVENT - THE CITY OF VIRGINIA BEACH AND GROWSMART FOUNDATION PARTNER IN THIS ANNUAL EVENT THAT IS FREE AND OPEN TO THE PUBLIC. THE FOCUS IS ON ACTIVITIES FOR CHILDREN SUCH AS A FUN RUN, GAMES AND CRAFTS. THERE WERE 3,500 ATTENDEES AT THIS YEAR'S EVENT.-$12,554
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANN K CRENSHAWPresident-$0--
MARTHA J SIMSVice Preside-$0--
JERRY STEWARTTreasurer-$0--
ALEXANDRA CUSTISDirector-$0--
MICHAEL HARRISDirector-$0--
SHEILA MAGULADirector-$0--
JOE THOMASDirector-$0--
Filing and Contact Details

Filer

Filer Name
Virginia Beach Growsmart Foundation
EIN
47-1396707
Phone
7573850144
Address
4525 MAIN STREET SUITE 700, VIRGINIA BEACH, VA 23462

Signing Officer

Name
Ann K Crenshaw
Title
President
Phone
7573850144
Signed
2024-09-06
Discuss with paid preparer
Yes

Preparer

Firm
Douglas a Hall CPA
Address
2251 KENDALL ST, VIRGINIA BEACH, VA 23451-1765
Preparer
Douglas a Hall
Phone
7574122750
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Refunds 1,157 total 1,157

Form 990-ez, Part I, Line 16

Expenses website 2,925 insurance 1,136 books & supplies 14,806 other 2,037 supplies - lena start 12,717 training events 949 celebrating children 12,554 non-investment depreciation 724 total 47,848

Form 990-ez, Part II, Line 24

Grants receivable 47,417 24,021 prepaid expenses and deferred charges 6,296 0 equipment 3,950 3,950 less accumulated depreciation 3,226 3,950 total 54,437 24,021

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 8,149 6,194

Form 990-ez, Part III

To support, empower, advocate and secure private sector funding for virginia beach growsmart's innovative and collaborative early childhood initiatives.

Form 990-ez, Part III, Line 28

Square one - provides free high quality training to early child care and education providers both in-person and online. Training materials are included and 1,870 providers received training this year and 3,120 families received books & other resources.

Form 990-ez, Part III, Line 29

Vb talks innovation - expanded early literacy focus includes lena start parent groups, lena grow early childhood professional development and coaching, and lena home visiting programs. The goal is children's healthy development and kindergarten readiness skills. Approximately 400 children participated in 385 coaching sessions in the fiscal year.

Form 990-ez, Part III, Line 30

Celebating children event - the city of virginia beach and growsmart foundation partner in this annual event that is free and open to the public. The focus is on activities for children such as a fun run, games and crafts. There were 3,500 attendees at this year's event.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REFUNDS 1,157 TOTAL 1,157
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES WEBSITE 2,925 INSURANCE 1,136 BOOKS & SUPPLIES 14,806 OTHER 2,037 SUPPLIES - LENA START 12,717 TRAINING EVENTS 949 CELEBRATING CHILDREN 12,554 NON-INVESTMENT DEPRECIATION 724 TOTAL 47,848
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SQUARE ONE - PROVIDES FREE HIGH QUALITY TRAINING TO EARLY CHILD CARE AND EDUCATION PROVIDERS BOTH IN-PERSON AND ONLINE. TRAINING MATERIALS ARE INCLUDED AND 1,870 PROVIDERS RECEIVED TRAINING THIS YEAR AND 3,120 FAMILIES RECEIVED BOOKS & OTHER RESOURCES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CELEBATING CHILDREN EVENT - THE CITY OF VIRGINIA BEACH AND GROWSMART FOUNDATION PARTNER IN THIS ANNUAL EVENT THAT IS FREE AND OPEN TO THE PUBLIC. THE FOCUS IS ON ACTIVITIES FOR CHILDREN SUCH AS A FUN RUN, GAMES AND CRAFTS. THERE WERE 3,500 ATTENDEES AT THIS YEAR'S EVENT.
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