Civic Intelligence

Vaw Vrc Officers Spouses Assoc Vaw Vrc Memorial Scholarship Fund

990 • Fiscal year 2018 • EIN 54-1673670

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

P O Box 15322Norfolk, VA 23511

(757) 416-9629

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

50th percentile

1.6%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

59%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$525,589

Up $87,318 (+20%) from 2016

Net Assets

Up

$525,589

Up $87,318 (+20%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$97,987

Up $53,870 (+122%) from 2016

Expenses

Down

$31,505

Down $2,591 (-7.6%) from 2016

Net Income

Up

$66,482

Up $56,461 (+563%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $460,860Liabilities 2011: $0Net Assets 2011: $460,8602011Assets 2013: $454,461Liabilities 2013: $0Net Assets 2013: $454,4612013Assets 2014: $439,277Liabilities 2014: $0Net Assets 2014: $439,2772014Assets 2016: $438,271Liabilities 2016: $0Net Assets 2016: $438,2712016Assets 2018: $525,589Liabilities 2018: $0Net Assets 2018: $525,5892018Assets 2019: $575,987Liabilities 2019: $0Net Assets 2019: $575,9872019Assets 2021: $795,061Liabilities 2021: $0Net Assets 2021: $795,0612021Assets 2022: $645,596Liabilities 2022: $0Net Assets 2022: $645,5962022Assets 2024: $886,268Liabilities 2024: $0Net Assets 2024: $886,2682024

Highlighted filing

2018

Assets$525,589
Liabilities$0
Net Assets$525,589

Operations Trend

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

$150K$100K$50K$0-$50K-$100KExpenses 2011: $69,1012011Revenue 2013: $66,271Expenses 2013: $119,269Net Income 2013: -$52,9982013Revenue 2014: $58,981Expenses 2014: $75,150Net Income 2014: -$16,1692014Revenue 2016: $44,117Expenses 2016: $34,096Net Income 2016: $10,0212016Revenue 2018: $97,987Expenses 2018: $31,505Net Income 2018: $66,4822018Revenue 2019: $88,725Expenses 2019: $45,493Net Income 2019: $43,2322019Revenue 2021: $124,579Expenses 2021: $56,909Net Income 2021: $67,6702021Revenue 2022: $53,400Expenses 2022: $58,945Net Income 2022: -$5,5452022Revenue 2024: $111,691Expenses 2024: $54,331Net Income 2024: $57,3602024

Highlighted filing

2018

Revenue$97,987
Expenses$31,505
Net Income$66,482
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$331,934
Mission and Program Overview

Mission

To provide memorial scholorships to children of members of the vaw/vrc aviation community who died on active duty, and to provide merit scholarships to dependendts (spouse or child) of u.s. Navy enlisted or officer personnel who have servede, or are serving in the vaw/vrc aviatio

To provide Memorial Scholarships to children of members of the VAW/VRC Aviation community who died on active duty, and to provide Merit Scholarships to dependents (spouse or child) of U.S. Navy Enlisted or Officer personnel who have served, or are serving, in the VAW/VRC Aviation community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$517,538$525,589▲ $8,051
Savings and Temporary Cash Investments$29,350$53,517▲ $24,167
Cash and Non-Interest-Bearing Accounts-$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$517,538$525,589▲ $8,051
Other Assets Total$488,188$472,072▼ $16,116
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$517,538$525,589▲ $8,051
Total Liabilities and Net Assets / Fund Balance$517,538$525,589▲ $8,051

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Julie SwansonPresident
Arlene VentimigliaVice President
Kara BrowingVice President
Cindy TrentBoard Member
Matchje LanzilottaBoard Member
Zoe HolderBoard Member
Jenny DziekanSecretary
Amy ChuderewiczTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,646
Program Service Revenue
$0
Investment Income
$42,377
Other Revenue
$25,964
All Other Contributions
$27,556
Change in Net Assets
$66,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,000
Other Expenses$1,505
Total Fundraising Expense$355
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$30,000--$30,000
Fees for Services Accounting-$700-$700
Other Expenses-$82$355$82
All Other Expenses-$50-$50
Total Functional Expenses$30,000$1,150$355$31,505
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,824
Fundraising Direct Expenses$2,860
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
H/G Ball West Fundraising$13,135$13,135$1,565$11,570
H/G Ball East Fundraising$13,002$13,002$1,067$11,935
Total Events$26,137$26,137$2,632$23,505
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
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
Yes
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 copy of the form 990 is available to the entire Board upon request. After a review, an officer signs and files the return.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Does this organization have:1 Governing documents? Yes2 Conflict of Interest Policy? Yes3 Financial Statements? Yes Does the organization make the following documents available to the public?1 Governing documents? Yes 2 Conflict of Interest Policy? Yes3 Financial Statements? Yes How does the organization make these documents available?1 Governing documents? Available upon written request2 Conflict of Interest Policy? Available upon written request3 Financial Statements? Available upon written request

Filing and Contact Details

Filer

Filer Name
VAWVRC Officers Spouses Assoc
EIN
54-1673670
Phone
7574169629
Address
P O Box 15322, Norfolk, VA 23511

Signing Officer

Name
Amy Chuderewicz
Title
Vice President
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Yockey & Associates Pc
Address
109 E MAIN STREET SUITE 400, NORFOLK, VA 23510-1647
Preparer
Patrick S Yockey CPA
Phone
7572164634
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0525589
IRS990/SavingsAndTempCashInvstGrp/BOYAmt029350
IRS990/SavingsAndTempCashInvstGrp/EOYAmt053517
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt028966
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016606
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt021887
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt023143
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt020377
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0110979
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09148
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09498
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010134
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt011033
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt048882
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt028825
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt013277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt09178
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt09617
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt014827
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt075724
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09148
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09498
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010134
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt011033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt048882
IRS990ScheduleA/InvestmentIncomeCYPct00.20750
IRS990ScheduleA/InvestmentIncomePYPct00.24520
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79250
IRS990ScheduleA/PublicSupportPY509Pct00.75480
IRS990ScheduleA/PublicSupportTotal509Amt0186703
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt057791
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt029883
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt031065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt032760
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt035204
IRS990ScheduleA/Total509Grp/TotalAmt0186703
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt066860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt039031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt040563
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt042894
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt046237
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0235585
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0472072
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02632
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0H/G Ball West Fundraising
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0H/G Ball East Fundraising
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt013135
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013002
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026137
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt013135
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013002
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026137
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023505
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02632
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01565
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01067
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Merit (Education Assistance)
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The grant funds are awarded for college tuition expenses and the funds are generally paid directly to the educational institution. The process is to some extent self monitoring given that recipients not enrolled in an institution of higher learning or who fail to maintain minimum standards of scholastic performance do not continue to receive assistance.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the form 990 is available to the entire Board upon request. After a review, an officer signs and files the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Does this organization have:1 Governing documents? Yes2 Conflict of Interest Policy? Yes3 Financial Statements? Yes Does the organization make the following documents available to the public?1 Governing documents? Yes 2 Conflict of Interest Policy? Yes3 Financial Statements? Yes How does the organization make these documents available?1 Governing documents? Available upon written request2 Conflict of Interest Policy? Available upon written request3 Financial Statements? Available upon written request
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0517538
IRS990/TotalAssetsEOYAmt0525589
IRS990/TotalAssetsGrp/BOYAmt0517538
IRS990/TotalAssetsGrp/EOYAmt0525589
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt029646
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0355
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01150
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030000
IRS990/TotalFunctionalExpensesGrp/TotalAmt031505
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0517538

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