Civic Intelligence

Virginia Beach Educational Broadcasting Foundation Inc.

990EZ • Fiscal year 2022 • EIN 54-1444525

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization Profilewww.currentfm.com
3500 Virginia Beach Blvd STE 201Virginia Beach, VA 23452

(757) 737-4351

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

66th percentile

16%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$26,450

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

37th percentile

-5.4%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Revenue Growth

59th percentile

21%

Faster revenue growth than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$27,064

Down $3,161 (-10%) from 2020

Net Assets

$27,064

No earlier filing loaded for comparison.

Liabilities

Down

$0

Down $30,225 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin66th percentile

Revenue

Up

$89,640

Up $28,726 (+47%) from 2020

Expenses

Up

$75,453

Up $14,539 (+24%) from 2020

Net Income

Up

$14,187

Up $14,187 from 2020

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$150K$100K$50K$0Assets 2013: $0Liabilities 2013: $02013Assets 2014: $89,450Liabilities 2014: $02014Assets 2015: $87,211Liabilities 2015: $02015Assets 2016: $99,611Liabilities 2016: $32,4002016Assets 2017: $18,000Liabilities 2017: $18,0002017Assets 2018: $18,000Liabilities 2018: $02018Assets 2019: $0Liabilities 2019: $30,2252019Assets 2020: $30,225Liabilities 2020: $30,2252020Assets 2022: $27,064Liabilities 2022: $0Net Assets 2022: $27,0642022Assets 2023: $147,973Liabilities 2023: $02023Assets 2024: $147,597Liabilities 2024: $0Net Assets 2024: $147,5972024

Highlighted filing

2022

Assets$27,064
Liabilities$0
Net Assets$27,064
Open 2022 Filing

Operations Trend

Revenue Growth59th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $112,209Expenses 2013: $112,209Net Income 2013: $02013Revenue 2014: $111,973Expenses 2014: $113,756Net Income 2014: -$1,7832014Revenue 2015: $110,577Expenses 2015: $98,316Net Income 2015: $12,2612015Revenue 2016: $110,733Expenses 2016: $98,317Net Income 2016: $12,4162016Revenue 2017: $66,484Expenses 2017: $66,484Net Income 2017: $02017Revenue 2018: $73,058Expenses 2018: $73,057Net Income 2018: $12018Revenue 2019: $60,914Expenses 2019: $60,914Net Income 2019: $02019Revenue 2020: $60,914Expenses 2020: $60,914Net Income 2020: $02020Revenue 2022: $89,640Expenses 2022: $75,453Net Income 2022: $14,1872022Revenue 2023: $190,688Expenses 2023: $69,779Net Income 2023: $120,9092023Revenue 2024: $82,784Expenses 2024: $83,160Net Income 2024: -$3762024

Highlighted filing

2022

Revenue$89,640
Expenses$75,453
Net Income$14,187
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$89,640
Mission and Program Overview

Mission

Provide Music And Public Announcements

Program Services

DescriptionGrantsExpenses
Provided Public Announcements--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne B VerebelyGeneral ManagerFT$24,000$2,450$26,450
William M VerebelyPresident-$0--
Nelson T AdcockDirector-$0--
Kenton PatrickDirector-$0--
Robert T YoderDirector-$0--
Kenneth HallDirector-$0--
George McGuireDirector-$0--
Filing and Contact Details

Filer

Filer Name
Virginia Beach Educational Broadcasting Foundation
EIN
54-1444525
Address
3500 Virginia Beach Blvd STE 201, Virginia Beach, VA 23452

Signing Officer

Name
William M Verebely
Title
President
Phone
7577374351
Signed
2023-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Commonwealth Tax
Address
3092 Brickhouse Ct, Virginia Beach, VA 23452
Preparer
Paul Verebely EA
Phone
7572001040
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDepreciation from 4562 346Auto - Fuel 45Interest Expense 4,683Insurance Expense 955Imaginig Expense 2,100Office Expense 330Operating Expense 1,080Payment Processing Expense 674Payroll Taxes Expense 3,568Gas Reimbursement 1,000Repairs and Maintenance 300Royalties Expense 2,046Streaming Expense 3,046Utilities Expense 4,666”

Raw XML Appendix176 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Kenton Patrick
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Robert T Yoder
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Kenneth Hall
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6George McGuire
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1General Manager
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt024839
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Provide Music And Public Announcements
IRS990EZ/PrintingPublicationsPostageAmt066
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provided Public Announcements
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt023088
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.currentfm.com
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt089640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt075810
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt074410
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt060914
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt073057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0373831
IRS990ScheduleA/InvestmentIncomeCYPct00.50000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.50000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0373831
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0146114
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDepreciation from 4562 346Auto - Fuel 45Interest Expense 4,683Insurance Expense 955Imaginig Expense 2,100Office Expense 330Operating Expense 1,080Payment Processing Expense 674Payroll Taxes Expense 3,568Gas Reimbursement 1,000Repairs and Maintenance 300Royalties Expense 2,046Streaming Expense 3,046Utilities Expense 4,666
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0William M Verebely
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07577374351
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Virginia Beach Educational Broadcasting Foundation
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0541444525
ReturnHeader/Filer/USAddress/AddressLine1Txt03500 Virginia Beach Blvd STE 201
ReturnHeader/Filer/USAddress/CityNm0Virginia Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023452
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113656650
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03092 Brickhouse Ct
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Virginia Beach
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023452
ReturnHeader/PreparerPersonGrp/PhoneNum07572001040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Paul Verebely EA
ReturnHeader/ReturnTs02023-11-14T13:44:26-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0William
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Verebely
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,064
Liabilities
$0
Net assets
$27,064
Revenue
$89,640
Expenses
$75,453
Net income
$14,187
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.83$0.83$0.00
2023Summary only. Only limited summary data is available for this year.$1.48$0.00$1.91$0.70$1.21
2022Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.90$0.75$0.14
2020Summary only. Only limited summary data is available for this year.$0.30$0.30$0.61$0.61$0.00
2019Summary only. Only limited summary data is available for this year.$0.00$0.30$0.61$0.61$0.00
2018Summary only. Only limited summary data is available for this year.$0.18$0.00$0.73$0.73$0.00
2017Summary only. Only limited summary data is available for this year.$0.18$0.18$0.66$0.66$0.00
2016Summary only. Only limited summary data is available for this year.$1.00$0.32$1.11$0.98$0.12
2015Summary only. Only limited summary data is available for this year.$0.87$0.00$1.11$0.98$0.12
2014Summary only. Only limited summary data is available for this year.$0.89$0.00$1.12$1.14$0.02
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$1.12$1.12$0.00