Civic Intelligence

Virginia Business Council

EIN 54-1765171 • 501(c)6 • Virginia Beach, VA

Profile

To promote virginia businesses

PO Box 673Virginia Beach, VA 23451

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

34th percentile

-8.4%

Higher net margin than 34% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

44th percentile

-4.6%

Faster asset growth than 44% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

-4.5%

Faster revenue growth than 43% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$126,885

Down $6,164 (-4.6%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$126,885

Down $6,164 (-4.6%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin34th percentile

Revenue

Down

$73,500

Down $3,500 (-4.5%) from 2023

Expenses

Up

$79,664

Up $5,016 (+6.7%) from 2023

Net Income

Down

-$6,164

Down $8,516 (-362%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

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

$150K$100K$50K$0Assets 2010: $47,750Net Assets 2010: $47,7502010Assets 2011: $50,917Liabilities 2011: $0Net Assets 2011: $50,9172011Assets 2012: $32,619Liabilities 2012: $0Net Assets 2012: $32,6192012Assets 2013: $19,906Liabilities 2013: $0Net Assets 2013: $19,9062013Assets 2014: $32,542Liabilities 2014: $0Net Assets 2014: $32,5422014Assets 2015: $23,309Liabilities 2015: $0Net Assets 2015: $23,3092015Assets 2016: $9,048Liabilities 2016: $0Net Assets 2016: $9,0482016Assets 2017: $9,324Net Assets 2017: $9,3242017Assets 2018: $24,146Net Assets 2018: $24,1462018Assets 2019: $30,910Net Assets 2019: $30,9102019Assets 2020: $66,243Net Assets 2020: $66,2432020Assets 2021: $87,083Net Assets 2021: $87,0832021Assets 2022: $130,696Net Assets 2022: $130,6962022Assets 2023: $133,049Net Assets 2023: $133,0492023Assets 2024: $126,885Net Assets 2024: $126,8852024

Highlighted filing

2024

Assets$126,885
Liabilities-
Net Assets$126,885
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $52,000Expenses 2010: $57,425Net Income 2010: -$5,4252010Revenue 2011: $56,226Expenses 2011: $50,833Net Income 2011: $5,3932011Revenue 2012: $44,000Expenses 2012: $62,298Net Income 2012: -$18,2982012Revenue 2013: $54,000Expenses 2013: $66,713Net Income 2013: -$12,7132013Revenue 2014: $70,000Expenses 2014: $57,364Net Income 2014: $12,6362014Revenue 2015: $66,000Expenses 2015: $75,233Net Income 2015: -$9,2332015Revenue 2016: $62,000Expenses 2016: $76,261Net Income 2016: -$14,2612016Revenue 2017: $83,000Expenses 2017: $82,724Net Income 2017: $2762017Revenue 2018: $87,500Expenses 2018: $72,678Net Income 2018: $14,8222018Revenue 2019: $94,500Expenses 2019: $87,736Net Income 2019: $6,7642019Revenue 2020: $94,534Expenses 2020: $59,201Net Income 2020: $35,3332020Revenue 2021: $87,500Expenses 2021: $66,661Net Income 2021: $20,8392021Revenue 2022: $112,000Expenses 2022: $68,387Net Income 2022: $43,6132022Revenue 2023: $77,000Expenses 2023: $74,648Net Income 2023: $2,3522023Revenue 2024: $73,500Expenses 2024: $79,664Net Income 2024: -$6,1642024

Highlighted filing

2024

Revenue$73,500
Expenses$79,664
Net Income-$6,164
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$126,885
Liabilities
-
Net assets
$126,885
Revenue
$73,500
Expenses
$79,664
Net income
-$6,164
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$1.27$0.74$0.80$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.33$1.33$0.77$0.75$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.31$1.31$1.12$0.68$0.44
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.87$0.88$0.67$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.66$0.95$0.59$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.31$0.95$0.88$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.88$0.73$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.83$0.83$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.62$0.76$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.66$0.75$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.70$0.57$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.54$0.67$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.44$0.62$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.56$0.51$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.48$0.52$0.57$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.0
Gross Receipts
$73,500
Mission and Program Overview

Mission

To promote virginia businesses

Program Services

DescriptionGrantsExpenses
TO SUPPORT PUBLIC POLICY THAT WILL ENHANCE FREE ENTERPRISE AND ECONOMIC DEVELOPMENT IN VIRGINIA.-$26,611
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM H FRALIN JRImmediate Pa-$0--
THOMAS PALMERChair-$0--
Filing and Contact Details

Filer

Filer Name
Virginia Business Council
EIN
54-1765171
Phone
5712422684
Address
PO BOX 673, VIRGINIA BEACH, VA 23451

Signing Officer

Name
Thomas Palmer
Title
Chair
Phone
5712422684
Signed
2025-11-03
Discuss with paid preparer
Yes

Preparer

Firm
Sima Accounting Group LLC
Address
PO BOX 31658, RICHMOND, VA 23294
Preparer
F Stephen Fishel CPA
Phone
8042855700
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses communications 3,248 taxes: registration fees 25 meeting expenses 26,611 office supplies 1,135 total 31,019”

Raw XML Appendix86 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0THE CORPORATION
IRS990EZ/BooksInCareOfDetail/PhoneNum05712422684
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 673
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0VIRGINIA BEACH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd023451
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0133049
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0126885
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6164
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt048645
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0133049
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0126885
IRS990EZ/GrossReceiptsAmt073500
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0133049
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0126885
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0133049
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0126885
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILLIAM H FRALIN JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1THOMAS PALMER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0IMMEDIATE PA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt031019
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE VIRGINIA BUSINESSES
IRS990EZ/ProgramServiceRevenueAmt073500
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO SUPPORT PUBLIC POLICY THAT WILL ENHANCE FREE ENTERPRISE AND ECONOMIC DEVELOPMENT IN VIRGINIA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt026611
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt079664
IRS990EZ/TotalProgramServiceExpensesAmt026611
IRS990EZ/TotalRevenueAmt073500
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES COMMUNICATIONS 3,248 TAXES: REGISTRATION FEES 25 MEETING EXPENSES 26,611 OFFICE SUPPLIES 1,135 TOTAL 31,019
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS PALMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05712422684
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA BUSINESS COUNCIL
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0541765171
ReturnHeader/Filer/PhoneNum05712422684
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 673
ReturnHeader/Filer/USAddress/CityNm0VIRGINIA BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023451
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453908447
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SIMA ACCOUNTING GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 31658
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023294
ReturnHeader/PreparerPersonGrp/PhoneNum08042855700
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0F STEPHEN FISHEL CPA
ReturnHeader/ReturnTs02025-11-14T11:51:19-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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