Civic Intelligence

Virginia Peninsula Assoc of Realtors Charitable Foundation Inc

990 • Fiscal year 2017 • EIN 54-0647947

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 09, 2018

Organization ProfileWWW.VPAR.ORG
1001 N Campus ParkwayHampton, VA 23666

(757) 599-5222

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.77x

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

3.35x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

8.1%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

32nd percentile

$88,064

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

21st percentile

-3.6%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

79th percentile

15%

Faster revenue growth than 79% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$3,992,811

Down $147,132 (-3.6%) from 2016

Net Assets

Up

$917,999

Up $89,037 (+11%) from 2016

Liabilities

Down

$3,074,812

Down $236,169 (-7.1%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin66th percentile

Revenue

Up

$917,148

Up $118,727 (+15%) from 2016

Expenses

Up

$843,040

Up $26,294 (+3.2%) from 2016

Net Income

Up

$74,108

Up $92,433 (+504%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,949,050Liabilities 2010: $3,452,677Net Assets 2010: $1,496,3732010Assets 2011: $4,744,092Liabilities 2011: $3,433,052Net Assets 2011: $1,311,0402011Assets 2012: $4,599,123Liabilities 2012: $3,398,236Net Assets 2012: $1,200,8872012Assets 2013: $4,438,523Liabilities 2013: $3,330,623Net Assets 2013: $1,107,9002013Assets 2014: $4,253,712Liabilities 2014: $3,395,176Net Assets 2014: $858,5362014Assets 2015: $4,210,326Liabilities 2015: $3,376,262Net Assets 2015: $834,0642015Assets 2016: $4,139,943Liabilities 2016: $3,310,981Net Assets 2016: $828,9622016Assets 2017: $3,992,811Liabilities 2017: $3,074,812Net Assets 2017: $917,9992017Assets 2018: $3,900,639Liabilities 2018: $3,012,909Net Assets 2018: $887,7302018Assets 2019: $3,862,030Liabilities 2019: $3,017,327Net Assets 2019: $844,7032019Assets 2020: $3,698,128Liabilities 2020: $2,879,123Net Assets 2020: $819,0052020Assets 2021: $3,755,603Liabilities 2021: $2,868,205Net Assets 2021: $887,3982021Assets 2022: $3,596,452Liabilities 2022: $2,787,241Net Assets 2022: $809,2112022Assets 2023: $3,436,703Liabilities 2023: $2,656,738Net Assets 2023: $779,9652023Assets 2024: $3,267,381Liabilities 2024: $2,596,805Net Assets 2024: $670,5762024

Highlighted filing

2017

Assets$3,992,811
Liabilities$3,074,812
Net Assets$917,999
Open 2017 Filing

Operations Trend

Revenue Growth79th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $865,0612010Expenses 2011: $850,1672011Expenses 2012: $741,3312012Revenue 2013: $584,829Expenses 2013: $727,279Net Income 2013: -$142,4502013Revenue 2014: $783,074Expenses 2014: $816,781Net Income 2014: -$33,7072014Revenue 2015: $814,184Expenses 2015: $812,159Net Income 2015: $2,0252015Revenue 2016: $798,421Expenses 2016: $816,746Net Income 2016: -$18,3252016Revenue 2017: $917,148Expenses 2017: $843,040Net Income 2017: $74,1082017Revenue 2018: $846,304Expenses 2018: $852,033Net Income 2018: -$5,7292018Revenue 2019: $777,060Expenses 2019: $849,375Net Income 2019: -$72,3152019Revenue 2020: $821,483Expenses 2020: $851,329Net Income 2020: -$29,8462020Revenue 2021: $823,482Expenses 2021: $785,239Net Income 2021: $38,2432021Revenue 2022: $936,218Expenses 2022: $968,983Net Income 2022: -$32,7652022Revenue 2023: $933,626Expenses 2023: $976,386Net Income 2023: -$42,7602023Revenue 2024: $838,570Expenses 2024: $937,465Net Income 2024: -$98,8952024

Highlighted filing

2017

Revenue$917,148
Expenses$843,040
Net Income$74,108
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 9, 2018
Return Version
2017v2.3
Gross Receipts
$1,164,153
Mission and Program Overview

Mission

To provide information, education and other services to member real estate firms and individual realtors on the virginia peninsula and surrounding communities.

Provide information/education services to members and promote high professional standards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,289,602$3,209,872▼ $79,730
Rtn Earn Endowment Incm Other Fnds$828,962$917,999▲ $89,037
Cash and Non-Interest-Bearing Accounts$404,572$288,136▼ $116,436
Investments in Publicly Traded Securities$177,925$217,788▲ $39,863
Savings and Temporary Cash Investments$211,356$212,911▲ $1,555
Inventories for Sale or Use$13,922$14,326▲ $404
Accounts Receivable$10,216$9,524▼ $692
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,139,943$3,992,811▼ $147,132
Other Assets Total$32,350$40,254▲ $7,904
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,722,595$2,648,245▼ $74,350
Deferred Revenue$302,247$304,753▲ $2,506
Accounts Payable and Accrued Expenses$256,934$104,866▼ $152,068
Other Liabilities$29,205$16,948▼ $12,257
Total Liabilities$3,310,981$3,074,812▼ $236,169
Net Assets / Fund Balance
Total Net Assets Fund Balance$828,962$917,999▲ $89,037
Total Liabilities and Net Assets / Fund Balance$4,139,943$3,992,811▼ $147,132

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,658,630$1,003,897$3,662,527
Land$326,046-$326,046
Leasehold Improvements$219,177$65,578$284,755
Equipment$6,019$183,149$189,168
Other Land Buildings$0$630$630
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James WetzelCEOFT$82,930$5,134$88,064

Board Members and Trustees

NameTitle
Andrew CohenImmediate Past President
Chandra PattersonPresident
Carl BurtPresident-elect
Crystal SullivanBoard Member
Eugenia JacksonBoard Member
Kaera MimsBoard Member
Lindsay PenningtonBoard Member
Robert SullivanBoard Member
Stephen AbbittBoard Member
Stephenie ShanksBoard Member
Sandra HoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$910,362
Investment Income
$14,239
Other Revenue
$-7,453
Change in Net Assets
$74,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$632,944
Salaries, Compensation, and Employee Benefits$210,096
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology---$173,907
Occupancy---$139,752
Other Salaries and Wages---$103,336
Current Officers, Directors, Trustees, and Key Employees---$82,930
Fees for Services Lobbying---$42,500
Depreciation Depletion---$41,878
Travel---$33,583
Fees for Services Accounting---$30,300
Office Expenses---$29,476
Payroll Taxes---$11,832
Other Employee Benefits---$10,540
Fees for Service Investment Mgmnt Fees---$2,297
Pension Plan Contributions---$1,458
Other Expenses---$150
Total Functional Expenses$0$0$0$843,040
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$42,500
Total Nondeductible Lobbying and Political Cost$42,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Taxes$11,908
Accrued Fees$5,000
Charitable Contributions Payable$40
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All new members must apply for membership and pay a fee each year to maintain membership. Vpar has realtors and real estate agencies from the virginia peninsula and surrounding communities as members.”

Form 990, Part VI, Section A, Line 7A

“All members may elect board of directors on an annual basis using an online election software.”

Form 990, Part VI, Section A, Line 7B

“Vpar is a membership organization and, while the board of directors is authorized to manage the affairs of the organization, certain decisions of the board require full membership approval (e.g. - amendment of the articles of incorporation or by-laws).”

Form 990, Part VI, Section B, Line 11B

“Vpar's form 990 is reviewed by the chief executive officer and the board treasurer and a copy provided to every member of the board before it is signed and filed.”

Form 990, Part VI, Section B, Line 15A

“Vpar's board of directors establish the salary of the chief executive officer based on salary data of other organizations like vpar across the country. The chief executive officer establishes all other salaries within the parameters of the annual budget approved by the board.”

Form 990, Part VI, Section C, Line 19

“Vpar makes their governing documents, conflicts of interest policy and financial statements available to all members and, upon request and establishing a reasonable need, to anyone else who may request them.”

Filing and Contact Details

Filer

Filer Name
Virginia Peninsula Association of
EIN
54-0647947
Phone
7575995222
Address
1001 N CAMPUS PARKWAY, HAMPTON, VA 23666

Signing Officer

Name
James M Wetzel
Title
Chief Executive Officer
Phone
7575995222
Signed
2018-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Wetzel
Formed
1968
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
138

Preparer

Firm
Mitchell Wiggins & Company Llp
Address
1802 BAYBERRY COURT SUITE 300, RICHMOND, VA 23226
Preparer
Lea S Rasmussen
Phone
8042826000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The association is a not-for-profit organization that is generally exempt from income taxes under section 501(c)(6) of the internal revenue code. Such tax status was granted by the internal revenue service effective august 1 1997. In 2007, the association began renting out a portion of its building, which is debt-financed. Income from debt-financed assets is considered unrelated business taxable income by the internal revenue service. However, for 2017 and 2016 this activity resulted in a net loss (see note 12). Therefore, the association has made no provision for income taxes in the accompanying financial statements. The association has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2017 and 2016. With few exceptions, the association is no longer subject to income tax examinations by federal and state taxing authorities for years ending before december 31, 2014.”

Raw XML AppendixShowing 400 of 430 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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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02056
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt015855
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-9509
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-25364
IRS990/NetUnrelatedBusTxblIncmAmt0-25364
IRS990/NetUnrlzdGainsLossesInvstAmt014929
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt0139752
IRS990/OfficeExpensesGrp/TotalAmt029476
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt032350
IRS990/OtherAssetsTotalGrp/EOYAmt040254
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010540
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2EDUCATION
IRS990/OtherExpensesGrp/Desc3PAYROLL EXPENSES
IRS990/OtherExpensesGrp/TotalAmt089527
IRS990/OtherExpensesGrp/TotalAmt125170
IRS990/OtherExpensesGrp/TotalAmt224404
IRS990/OtherExpensesGrp/TotalAmt3150
IRS990/OtherLiabilitiesGrp/BOYAmt029205
IRS990/OtherLiabilitiesGrp/EOYAmt016948
IRS990/OtherSalariesAndWagesGrp/TotalAmt0103336
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt011832
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01458
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES M WETZEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1INFORMATION SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4EDUCATION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0397015
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1225412
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2141680
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3104393
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt441862
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0397015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1225412
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2141680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3104393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt441862
IRS990/ProgSrvcAccomActy2Grp/Desc0ENHANCE MEMBER PROFESSIONAL STANDARDS
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE HIGH QUALITY TRAINING AND EDUCATION TO REALTORS
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08973
IRS990/PYOtherExpensesAmt0620014
IRS990/PYOtherRevenueAmt0-12959
IRS990/PYProgramServiceRevenueAmt0802407
IRS990/PYRevenuesLessExpensesAmt0-18325
IRS990/PYSalariesCompEmpBnftPaidAmt0196732
IRS990/PYTotalExpensesAmt0816746
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0798421
IRS990/ReconcilationRevenueExpnssAmt074108
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-9509
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0828962
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0917999
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0211356
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0212911
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt042524
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0397015
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt042500
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt042500
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-24
IRS990ScheduleD/BuildingsGrp/BookValueAmt02658630
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01003897
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03662527
IRS990ScheduleD/EquipmentGrp/BookValueAmt06019
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0183149
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0189168
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0326046
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0326046
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0219177
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt065578
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0284755
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0630
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CHARITABLE CONTRIBUTIONS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED FEES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. SUCH TAX STATUS WAS GRANTED BY THE INTERNAL REVENUE SERVICE EFFECTIVE AUGUST 1 1997. IN 2007, THE ASSOCIATION BEGAN RENTING OUT A PORTION OF ITS BUILDING, WHICH IS DEBT-FINANCED. INCOME FROM DEBT-FINANCED ASSETS IS CONSIDERED UNRELATED BUSINESS TAXABLE INCOME BY THE INTERNAL REVENUE SERVICE. HOWEVER, FOR 2017 AND 2016 THIS ACTIVITY RESULTED IN A NET LOSS (SEE NOTE 12). THEREFORE, THE ASSOCIATION HAS MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ASSOCIATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2017 AND 2016. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL AND STATE TAXING AUTHORITIES FOR YEARS ENDING BEFORE DECEMBER 31, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03209872
IRS990ScheduleD/TotalLiabilityAmt016948
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL NEW MEMBERS MUST APPLY FOR MEMBERSHIP AND PAY A FEE EACH YEAR TO MAINTAIN MEMBERSHIP. VPAR HAS REALTORS AND REAL ESTATE AGENCIES FROM THE VIRGINIA PENINSULA AND SURROUNDING COMMUNITIES AS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS MAY ELECT BOARD OF DIRECTORS ON AN ANNUAL BASIS USING AN ONLINE ELECTION SOFTWARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VPAR IS A MEMBERSHIP ORGANIZATION AND, WHILE THE BOARD OF DIRECTORS IS AUTHORIZED TO MANAGE THE AFFAIRS OF THE ORGANIZATION, CERTAIN DECISIONS OF THE BOARD REQUIRE FULL MEMBERSHIP APPROVAL (E.G. - AMENDMENT OF THE ARTICLES OF INCORPORATION OR BY-LAWS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VPAR'S FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE BOARD TREASURER AND A COPY PROVIDED TO EVERY MEMBER OF THE BOARD BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VPAR'S BOARD OF DIRECTORS ESTABLISH THE SALARY OF THE CHIEF EXECUTIVE OFFICER BASED ON SALARY DATA OF OTHER ORGANIZATIONS LIKE VPAR ACROSS THE COUNTRY. THE CHIEF EXECUTIVE OFFICER ESTABLISHES ALL OTHER SALARIES WITHIN THE PARAMETERS OF THE ANNUAL BUDGET APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5VPAR MAKES THEIR GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO ALL MEMBERS AND, UPON REQUEST AND ESTABLISHING A REASONABLE NEED, TO ANYONE ELSE WHO MAY REQUEST THEM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04139943
IRS990/TotalAssetsEOYAmt03992811
IRS990/TotalAssetsGrp/BOYAmt04139943
IRS990/TotalAssetsGrp/EOYAmt03992811
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0843040
IRS990/TotalGrossUBIAmt0-25364
IRS990/TotalLiabilitiesBOYAmt03310981
IRS990/TotalLiabilitiesEOYAmt03074812
IRS990/TotalLiabilitiesGrp/BOYAmt03310981
IRS990/TotalLiabilitiesGrp/EOYAmt03074812
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0828962
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0917999
IRS990/TotalOtherCompensationAmt05134
IRS990/TotalProgramServiceRevenueAmt0910362
IRS990/TotalReportableCompFromOrgAmt082930
IRS990/TotalRevenueGrp/ExclusionAmt030094
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0912418
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0917148
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-25364
IRS990/TotalVolunteersCnt0138
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04139943
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03992811
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt033583
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01001 N CAMPUS PARKWAY
IRS990/USAddress/CityNm0HAMPTON
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023666
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.VPAR.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES M WETZEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07575995222

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,992,811
Liabilities
$3,074,812
Net assets
$917,999
Revenue
$917,148
Expenses
$843,040
Net income
$74,108
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$2.60$0.67$0.84$0.94$0.10
2023Detailed filing. Detailed filing data is available for this year.$3.44$2.66$0.78$0.93$0.98$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.60$2.79$0.81$0.94$0.97$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.76$2.87$0.89$0.82$0.79$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.70$2.88$0.82$0.82$0.85$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.86$3.02$0.84$0.78$0.85$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.90$3.01$0.89$0.85$0.85$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.99$3.07$0.92$0.92$0.84$0.07
2016Detailed filing. Detailed filing data is available for this year.$4.14$3.31$0.83$0.80$0.82$0.02
2015Detailed filing. Detailed filing data is available for this year.$4.21$3.38$0.83$0.81$0.81$0.00
2014Detailed filing. Detailed filing data is available for this year.$4.25$3.40$0.86$0.78$0.82$0.03
2013Detailed filing. Detailed filing data is available for this year.$4.44$3.33$1.11$0.58$0.73$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$3.40$1.20$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.74$3.43$1.31$0.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$3.45$1.50$0.87