Civic Intelligence

Virginia Foundation for Educational

EIN 54-1773876 • 501(c)3 • Richmond, VA

Profile

To provide through its own activities, financial and volunteer support for the educational, scientific, and charitable purposes of the Virginia Association of Secondary School Principals, Inc., hereinafter referred to as the "VASSP".The Foundation is expressly prohibited from engaging in any activity which would be inconsistent with the status of an educational, scientific, and charitable organization as defined in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or any successor provision (the "Code").To accomplish this objective, the Foundation shall:A. Advance education in the field of pre-kindergarten through grade 16 (P-16) educational leadership and student leadership development.B. Develop and improve educational leadership in-service education by conducting education conferences, conventions, seminars, institutes, and workshops for leaders, students and student activity sponsors.C. Engage in research in the field of educational leadership and student leadersh

4909 Cutshaw AvenueRichmond, VA 23230

www.edleader.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.43x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

3.98x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

35th percentile

-6.2%

Higher net margin than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

91st percentile

92%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Revenue Growth

92nd percentile

113%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Assets

Up

$328,211

Up $281,887 (+609%) from 2021

Liabilities

Up

$469,582

Up $346,283 (+281%) from 2021

Net Assets

Down

-$141,371

Down $64,396 (-84%) from 2021

Revenue

Up

$117,924

Up $105,726 (+867%) from 2021

Expenses

Up

$125,220

Up $85,868 (+218%) from 2021

Net Income

Up

-$7,296

Up $19,858 (+73%) from 2021

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $56,455Liabilities 2011: $1,848Net Assets 2011: $54,6072011Assets 2012: $98,014Net Assets 2012: $98,0142012Assets 2013: $1,401,754Liabilities 2013: $1,353,326Net Assets 2013: $48,4282013Assets 2014: $1,548,855Liabilities 2014: $1,310,870Net Assets 2014: $237,9852014Assets 2015: $1,184,632Liabilities 2015: $896,410Net Assets 2015: $288,2222015Assets 2016: $371,676Liabilities 2016: $219,024Net Assets 2016: $152,6522016Assets 2017: $137,818Liabilities 2017: $47,096Net Assets 2017: $90,7222017Assets 2018: $88,755Liabilities 2018: $45,261Net Assets 2018: $43,4942018Assets 2019: $43,451Liabilities 2019: $44,570Net Assets 2019: -$1,1192019Assets 2020: $43,556Liabilities 2020: $93,377Net Assets 2020: -$49,8212020Assets 2021: $46,324Liabilities 2021: $123,299Net Assets 2021: -$76,9752021Assets 2024: $328,211Liabilities 2024: $469,582Net Assets 2024: -$141,3712024

Highlighted filing

2024

Assets$328,211
Liabilities$469,582
Net Assets-$141,371

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $153,950Expenses 2011: $99,338Net Income 2011: $54,6122011Revenue 2012: $147,309Expenses 2012: $103,902Net Income 2012: $43,4072012Revenue 2013: $550,248Expenses 2013: $599,834Net Income 2013: -$49,5862013Revenue 2014: $1,602,904Expenses 2014: $1,413,347Net Income 2014: $189,5572014Revenue 2015: $559,292Expenses 2015: $509,055Net Income 2015: $50,2372015Revenue 2016: $2,444Expenses 2016: $138,014Net Income 2016: -$135,5702016Revenue 2017: $1,182Expenses 2017: $63,112Net Income 2017: -$61,9302017Revenue 2018: $470Expenses 2018: $47,698Net Income 2018: -$47,2282018Revenue 2019: $2,301Expenses 2019: $46,914Net Income 2019: -$44,6132019Revenue 2020: $692Expenses 2020: $49,394Net Income 2020: -$48,7022020Revenue 2021: $12,198Expenses 2021: $39,352Net Income 2021: -$27,1542021Revenue 2024: $117,924Expenses 2024: $125,220Net Income 2024: -$7,2962024

Highlighted filing

2024

Revenue$117,924
Expenses$125,220
Net Income-$7,296

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$117,924
Mission and Program Overview

Mission

To provide through its own activities, financial and volunteer support for the educational, scientific, and charitable purposes of the Virginia Association of Secondary School Principals, Inc., hereinafter referred to as the "VASSP".The Foundation is expressly prohibited from engaging in any activity which would be inconsistent with the status of an educational, scientific, and charitable organization as defined in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or any successor provision (the "Code").To accomplish this objective, the Foundation shall:A. Advance education in the field of pre-kindergarten through grade 16 (P-16) educational leadership and student leadership development.B. Develop and improve educational leadership in-service education by conducting education conferences, conventions, seminars, institutes, and workshops for leaders, students and student activity sponsors.C. Engage in research in the field of educational leadership and student leadersh

Program Services

DescriptionGrantsExpenses
See Supplemental Statement regarding Virginia Principals Mentoring Pilot Grant-$115,647
VFEL continues its statewide service to address the State Board of Education's requirement that a school improvement plan be based on a comprehensive needs assessment. VFEL offers two services for school divisions with specific demographics that will address this requirement; the first service is a deep data analysis for individual schools and the second service is the development of a Community of Practice to establish a school improvement plan designed to increase graduation rates of Blacks, Latinos, and economically disadvantaged students.VFEL collaborated with the Virginia Association of Elementary School Principals, Virginia Association of Secondary School Principals, and Virginia Department of Education to conduct a "principal retention, attrition and mobility survey" of Virginia's PK-12 school principals. VFEL worked with the Virginia Association of Secondary School Principals and Virginia Department of Education on the planning of the annual Virginia Middle and High School Principals Conference and Exposition. VFEL has become a supporting organization of this annual statewide conference.-$80
VFEL collaborated with VASSP and created a middile-school commission and a high-school commission to better service Virginia's school building level leaders.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Randy D BarrackPresidentPT$0--
Shawn DeRoseChairman-$0--
Dr Richard A TurnerTrustee-$0--
Dr Lisa CoonsState Supt-$0--
Carolyn BernardTrustee-$0--
Dr Travis BurnsTrustee-$0--
Dr Patricia WrightTrustee-$0--
Dr Carol C RobinsonTrustee-$0--
Dr Timothy HealeyTrustee-$0--
Dr Douglas FultonTrustee-$0--
Donald D ValeTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Virginia Foundation for Educational
EIN
54-1773876
Phone
8043552777
Address
4909 Cutshaw Avenue, Richmond, VA 23230

Signing Officer

Name
Randy D Barrack
Title
President
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Ragland & Associates LLC
Address
7204 Glen Forest Drive Suite 300, Richmond, VA 23226
Preparer
Elaine M Ragland CPA
Phone
8042888516
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $1233

Other Expenses.1

Grant Expenses $84793

Other Expenses.2

Bank Service Fees $265

Other Expenses.4

Taxes and License $55

Other Assets.1005

Accounts Receivable - Beginning $0 Accounts Receivable - Ending $270517

Other Assets.1

Rounding - Beginning $0 Rounding - Ending $-2

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $42566

Total Liabilities.1003

Deferred Revenue - Beginning $177238 Deferred Revenue - Ending $209915

Total Liabilities.1006

Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $217101

Statement Note 1

Form 990-EZ, Part III, Line 28 - Program Service Accomplishments VIRGINIA PRINCIPALS MENTORING PILOT GRANTSummary - Working collaboratively with the Virginia Department of Education (VDOE), the Virginia Association of Secondary School Principals (VASSP), Virginia Association of Elementary School Principals (VAESP), and Virginia Foundation for Educational Leadership (VFEL) are currently piloting a new mentoring program for school administrators. Additional support is being provided to VFEL and VASSP by the National Association of Secondary School Principals (NASSP). VFEL is serving as the fiscal and administrative agent for the pilot with a grant provided by the Virginia by the Virginia Department of Education.Titled the Virginia Principals Mentoring Pilot (VPMP), this program will serve two purposes. First, the VPMP will provide principals with knowledge, skills, and support from their initial appointment throughout their beginning three-year period. Second, the VPMP will establish a platform to train mentors to work with newer principals within that beginning three-year period.Most importantly, VPMP Principals are participating in high quality, targeted professional development that assists in the transition to school leadership, examines the realities of principal-ship, and provides individualized support. The mentoring program will establish a safe space for beginner principals to grow in their role; problem solve and engage in an impactful way with peers.The pilot proposal discussions began in August 2023 with representatives from VDOE, VASSP, VAESP, and VFEL. Administering of the pilot began in the spring of 2024 and is scheduled to end February 2025.Scope of the Work - The first leg of the research-based VPMP is a six-month Leading Learning Training (LLT) based on Pillars, Practices, and Priorities for Effective Principals for Elementary and/or Middle School Principals or Building Ranks Focuses on Building Culture, Leading Learning - NASSP (LLT) for Secondary and/or Middle School Principals. Middle school principals will be able to select the model that best fits their needs (i.e., K-8 Principal vs a 6-8 Principal). All mentors will receive the same training as the principals. For a future scale-up, mentors will already have received the training that they need to deliver quality content to principals.Leading Learning (LLT) will engage the cohort members and mentors with content matching the needs of the zero to three-year principal. The VPMP will elevate the leadership skills of new principals to navigate and transition to their new position in the education system and support principal retention. It should be noted again that MPMP will establish a job-embedded program for future first year principals and will strengthen and grow the leaders of Virginia's most valued commodity: its children. In the second leg of research-based training, each VMP principal will be assigned a Principal Support Mentor (PSM). Gimble and Gow (2021) considered mentor/coaching a key enabler for leadership development because the mentee can work privately and individually with his or her coach/mentor to develop specific leadership competencies.The Principal Support Mentors (PSM.) will incorporate strategies, research, and coaching approaches gleaned from professional training while working with their cohort principals. PSMs will be trained to provide a weekly check-in session and a monthly formal session for each assigned zero to three-year principal. These sessions will be individualized to address the principal's progress with leadership development, including job embedded questions. PSMs will provide direct, confidential, and individualized mentoring services to new principals and will assist them in applying their learning from LLT sessions. The third leg of the research-based training utilizes the Emotional Quotient Inventory 2.0(EQ-i 2.0). The instrument, a 360-degree type, will be used on VMP Principals. The instrument measures an indivi

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1VFEL continues its statewide service to address the State Board of Education's requirement that a school improvement plan be based on a comprehensive needs assessment. VFEL offers two services for school divisions with specific demographics that will address this requirement; the first service is a deep data analysis for individual schools and the second service is the development of a Community of Practice to establish a school improvement plan designed to increase graduation rates of Blacks, Latinos, and economically disadvantaged students.VFEL collaborated with the Virginia Association of Elementary School Principals, Virginia Association of Secondary School Principals, and Virginia Department of Education to conduct a "principal retention, attrition and mobility survey" of Virginia's PK-12 school principals. VFEL worked with the Virginia Association of Secondary School Principals and Virginia Department of Education on the planning of the annual Virginia Middle and High School Principals Conference and Exposition. VFEL has become a supporting organization of this annual statewide conference.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2VFEL collaborated with VASSP and created a middile-school commission and a high-school commission to better service Virginia's school building level leaders.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Form 990-EZ, Part III, Line 28 - Program Service Accomplishments VIRGINIA PRINCIPALS MENTORING PILOT GRANTSummary - Working collaboratively with the Virginia Department of Education (VDOE), the Virginia Association of Secondary School Principals (VASSP), Virginia Association of Elementary School Principals (VAESP), and Virginia Foundation for Educational Leadership (VFEL) are currently piloting a new mentoring program for school administrators. Additional support is being provided to VFEL and VASSP by the National Association of Secondary School Principals (NASSP). VFEL is serving as the fiscal and administrative agent for the pilot with a grant provided by the Virginia by the Virginia Department of Education.Titled the Virginia Principals Mentoring Pilot (VPMP), this program will serve two purposes. First, the VPMP will provide principals with knowledge, skills, and support from their initial appointment throughout their beginning three-year period. Second, the VPMP will establish a platform to train mentors to work with newer principals within that beginning three-year period.Most importantly, VPMP Principals are participating in high quality, targeted professional development that assists in the transition to school leadership, examines the realities of principal-ship, and provides individualized support. The mentoring program will establish a safe space for beginner principals to grow in their role; problem solve and engage in an impactful way with peers.The pilot proposal discussions began in August 2023 with representatives from VDOE, VASSP, VAESP, and VFEL. Administering of the pilot began in the spring of 2024 and is scheduled to end February 2025.Scope of the Work - The first leg of the research-based VPMP is a six-month Leading Learning Training (LLT) based on Pillars, Practices, and Priorities for Effective Principals for Elementary and/or Middle School Principals or Building Ranks Focuses on Building Culture, Leading Learning - NASSP (LLT) for Secondary and/or Middle School Principals. Middle school principals will be able to select the model that best fits their needs (i.e., K-8 Principal vs a 6-8 Principal). All mentors will receive the same training as the principals. For a future scale-up, mentors will already have received the training that they need to deliver quality content to principals.Leading Learning (LLT) will engage the cohort members and mentors with content matching the needs of the zero to three-year principal. The VPMP will elevate the leadership skills of new principals to navigate and transition to their new position in the education system and support principal retention. It should be noted again that MPMP will establish a job-embedded program for future first year principals and will strengthen and grow the leaders of Virginia's most valued commodity: its children. In the second leg of research-based training, each VMP principal will be assigned a Principal Support Mentor (PSM). Gimble and Gow (2021) considered mentor/coaching a key enabler for leadership development because the mentee can work privately and individually with his or her coach/mentor to develop specific leadership competencies.The Principal Support Mentors (PSM.) will incorporate strategies, research, and coaching approaches gleaned from professional training while working with their cohort principals. PSMs will be trained to provide a weekly check-in session and a monthly formal session for each assigned zero to three-year principal. These sessions will be individualized to address the principal's progress with leadership development, including job embedded questions. PSMs will provide direct, confidential, and individualized mentoring services to new principals and will assist them in applying their learning from LLT sessions. The third leg of the research-based training utilizes the Emotional Quotient Inventory 2.0(EQ-i 2.0). The instrument, a 360-degree type, will be used on VMP Principals. The instrument measures an indivi
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.1006
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Statement Note 1
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07204 Glen Forest Drive Suite 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Richmond
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ReturnHeader/PreparerPersonGrp/PhoneNum08042888516
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Elaine M Ragland CPA
ReturnHeader/ReturnTs02025-05-15T12:30:04-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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