Civic Intelligence

Virginia Economic Developers Associ

EIN 54-1246307 • 501(c)6 • Virginia Beach, VA

Profile

Shapes economic development public policy and a primary source of strong and effective education and networking for economic development professionals.

869 Lynnhaven Pkwy Ste 113 No 264Virginia Beach, VA 23452

www.goveda.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

35th percentile

-1.2%

Faster asset growth than 35% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-19%

Faster revenue growth than 9% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$383,637

Down $4,757 (-1.2%) from 2023

Liabilities

Down

$955

Down $276 (-22%) from 2023

Net Assets

Down

$382,682

Down $4,481 (-1.2%) from 2023

Operations
Liabilities / Revenue29th percentileNet Margin37th percentile

Revenue

Down

$636,207

Down $153,365 (-19%) from 2023

Expenses

Down

$640,688

Down $121,504 (-16%) from 2023

Net Income

Down

-$4,481

Down $31,861 (-116%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

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

$400K$300K$200K$100K$0Assets 2010: $168,390Net Assets 2010: $168,3902010Assets 2011: $154,769Liabilities 2011: $02011Assets 2012: $125,977Liabilities 2012: $0Net Assets 2012: $125,9772012Assets 2013: $126,556Liabilities 2013: $0Net Assets 2013: $126,5562013Assets 2014: $150,321Liabilities 2014: $0Net Assets 2014: $150,3212014Assets 2015: $151,403Liabilities 2015: $0Net Assets 2015: $151,4032015Assets 2016: $154,970Liabilities 2016: $0Net Assets 2016: $154,9702016Assets 2017: $173,960Liabilities 2017: $0Net Assets 2017: $173,9602017Assets 2018: $171,915Liabilities 2018: $0Net Assets 2018: $171,9152018Assets 2019: $228,749Liabilities 2019: $0Net Assets 2019: $228,7492019Assets 2020: $292,965Liabilities 2020: $0Net Assets 2020: $292,9652020Assets 2021: $303,493Liabilities 2021: $6,439Net Assets 2021: $297,0542021Assets 2022: $361,518Liabilities 2022: $1,735Net Assets 2022: $359,7832022Assets 2023: $388,394Liabilities 2023: $1,231Net Assets 2023: $387,1632023Assets 2024: $383,637Liabilities 2024: $955Net Assets 2024: $382,6822024

Highlighted filing

2024

Assets$383,637
Liabilities$955
Net Assets$382,682
Open 2024 Filing

Operations Trend

Revenue Growth9th percentile

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

$1.0M$500K$0-$500KRevenue 2010: $189,265Expenses 2010: $205,793Net Income 2010: -$16,5282010Revenue 2011: $185,594Expenses 2011: $199,215Net Income 2011: -$13,6212011Expenses 2012: $243,6122012Revenue 2013: $276,730Expenses 2013: $276,151Net Income 2013: $5792013Revenue 2014: $278,782Expenses 2014: $255,017Net Income 2014: $23,7652014Revenue 2015: $258,817Expenses 2015: $257,735Net Income 2015: $1,0822015Revenue 2016: $359,938Expenses 2016: $356,371Net Income 2016: $3,5672016Revenue 2017: $394,633Expenses 2017: $375,643Net Income 2017: $18,9902017Revenue 2018: $287,079Expenses 2018: $289,124Net Income 2018: -$2,0452018Revenue 2019: $456,789Expenses 2019: $399,955Net Income 2019: $56,8342019Revenue 2020: $320,084Expenses 2020: $255,868Net Income 2020: $64,2162020Revenue 2021: $295,772Expenses 2021: $291,683Net Income 2021: $4,0892021Revenue 2022: $478,352Expenses 2022: $415,623Net Income 2022: $62,7292022Revenue 2023: $789,572Expenses 2023: $762,192Net Income 2023: $27,3802023Revenue 2024: $636,207Expenses 2024: $640,688Net Income 2024: -$4,4812024

Highlighted filing

2024

Revenue$636,207
Expenses$640,688
Net Income-$4,481
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$383,637
Liabilities
$955
Net assets
$382,682
Revenue
$636,207
Expenses
$640,688
Net income
-$4,481
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.84$0.01$3.83$6.36$6.41$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.88$0.01$3.87$7.90$7.62$0.27
2022Detailed filing. Detailed filing data is available for this year.$3.62$0.02$3.60$4.78$4.16$0.63
2021Detailed filing. Detailed filing data is available for this year.$3.03$0.06$2.97$2.96$2.92$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$3.20$2.56$0.64
2019Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$4.57$4.00$0.57
2018Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$2.87$2.89$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$3.95$3.76$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$3.60$3.56$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$2.59$2.58$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$2.79$2.55$0.24
2013Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$2.77$2.76$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.26$2.44
2011Summary only. Only limited summary data is available for this year.$1.55$0.00$1.86$1.99$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$1.68$1.89$2.06$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 5, 2025
Return Version
2024v5.0
Gross Receipts
$636,207
Mission and Program Overview

Mission

Shapes economic development public policy and a primary source of strong and effective education and networking for economic development professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$241,887$216,787▼ $25,100
Cash and Non-Interest-Bearing Accounts$146,507$166,850▲ $20,343
Total Assets$388,394$383,637▼ $4,757
Liabilities
Other Liabilities$1,231$955▼ $276
Total Liabilities$1,231$955▼ $276
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$387,163$382,682▼ $4,481
Total Net Assets Fund Balance$387,163$382,682▼ $4,481
Total Liabilities and Net Assets / Fund Balance$388,394$383,637▼ $4,757

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$1,000$1,000
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Linda GreenPresident
Bryan RothamelDirector
Gizelle CurtisDirector
Jamie GillespieDirector
John MatthewsDirector
Leonard SledgeDirector
Nicole TaltonDirector
Pamela BaileyDirector
Ryan TouhillDirector
Toi HunterDirector
Connie LongExecutive Di
Christina WinnImm Past Pre
Matthew JohnsonSecretary
H Garrett HartTreasurer
Gregory HitchinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$621,645
Investment Income
$52
Other Revenue
$14,510
Change in Net Assets
$-4,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$633,328
Grants and Similar Amounts Paid$7,360
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$373,351--$373,351
Fees for Services Management$90,347$30,116-$120,463
Advertising$13,878$730-$14,608
Fees for Services Lobbying$11,032--$11,032
Grants to Domestic Individuals$7,360--$7,360
Other Expenses$9,942$6,326-$6,326
Information Technology$5,411$285-$5,696
All Other Expenses$3,293$660-$3,953
Fees for Services Accounting$2,437$812-$3,249
Office Expenses-$2,409-$2,409
Insurance$921$1,337-$2,258
Travel$507$27-$534
Total Functional Expenses$571,814$68,874$0$640,688
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,510
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$11,032
Total Nondeductible Lobbying and Political Cost$11,032
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Liability$955
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Exuctive director responsibilities are preformed by selective outsourcing solutions inc.”

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Virginia Economic Developers Associ
EIN
54-1246307
Phone
7574122664
Address
869 LYNNHAVEN PKWY STE 113 NO 264, VIRGINIA BEACH, VA 23452

Signing Officer

Name
Connie Long
Title
Executive Direc
Phone
7574122664
Signed
2025-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connie Long
Formed
1982
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
603

Preparer

Firm
Corbin & Company Pc
Address
501 INDEPENDENCE PARKWAY STE 275, CHESAPEAKE, VA 23320
Preparer
Catherine R Daley CPA
Phone
7574364577
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXUCTIVE DIRECTOR RESPONSIBILITIES ARE PREFORMED BY SELECTIVE OUTSOURCING SOLUTIONS INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE R DALEY CPA
ReturnHeader/ReturnTs02025-08-06T12:01:44-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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