Civic Intelligence

Virginia Free Enterprise Foundation

EIN 54-2024437 • 501(c)3 • Henrico, VA

Profile

To provide support for the research, analysis and educational activities required to promote enterprise and a prosperous business environment in virginia.

PO Box 29268Henrico, VA 23242

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

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

Liabilities / Revenue

61st percentile

0.00x

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

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

Net Margin

40th percentile

-2.5%

Higher net margin than 40% of similar nonprofits.

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

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

17th percentile

-54%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

-3.2%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$420

Down $500 (-54%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$420

Down $500 (-54%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin40th percentile

Revenue

Down

$20,000

Down $670 (-3.2%) from 2023

Expenses

Down

$20,500

Down $750 (-3.5%) from 2023

Net Income

Up

-$500

Up $80 (+14%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

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

$150K$100K$50K$0Assets 2010: $114,049Liabilities 2010: $0Net Assets 2010: $114,0492010Assets 2011: $144,747Liabilities 2011: $0Net Assets 2011: $144,7472011Assets 2012: $106,655Liabilities 2012: $0Net Assets 2012: $106,6552012Assets 2013: $102,439Liabilities 2013: $0Net Assets 2013: $102,4392013Assets 2014: $11,433Liabilities 2014: $0Net Assets 2014: $11,4332014Assets 2015: $31,897Liabilities 2015: $0Net Assets 2015: $31,8972015Assets 2016: $12,731Liabilities 2016: $0Net Assets 2016: $12,7312016Assets 2017: $12,340Liabilities 2017: $0Net Assets 2017: $12,3402017Assets 2018: $19,144Liabilities 2018: $0Net Assets 2018: $19,1442018Assets 2019: $14,630Liabilities 2019: $0Net Assets 2019: $14,6302019Assets 2020: $1,328Liabilities 2020: $0Net Assets 2020: $1,3282020Assets 2021: $1,854Liabilities 2021: $0Net Assets 2021: $1,8542021Assets 2022: $1,500Liabilities 2022: $0Net Assets 2022: $1,5002022Assets 2023: $920Liabilities 2023: $0Net Assets 2023: $9202023Assets 2024: $420Liabilities 2024: $0Net Assets 2024: $4202024

Highlighted filing

2024

Assets$420
Liabilities$0
Net Assets$420
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

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

$150K$100K$50K$0-$50K-$100KRevenue 2010: $40,438Expenses 2010: $12,755Net Income 2010: $27,6832010Revenue 2011: $43,383Expenses 2011: $12,685Net Income 2011: $30,6982011Revenue 2012: $52,213Expenses 2012: $90,305Net Income 2012: -$38,0922012Revenue 2013: $71,022Expenses 2013: $75,235Net Income 2013: -$4,2132013Revenue 2014: $10,504Expenses 2014: $101,510Net Income 2014: -$91,0062014Revenue 2015: $30,001Expenses 2015: $9,537Net Income 2015: $20,4642015Revenue 2016: $12,004Expenses 2016: $31,170Net Income 2016: -$19,1662016Revenue 2017: $1,002Expenses 2017: $1,393Net Income 2017: -$3912017Revenue 2018: $21,004Expenses 2018: $14,200Net Income 2018: $6,8042018Revenue 2019: $15,979Expenses 2019: $20,493Net Income 2019: -$4,5142019Revenue 2020: $21,526Expenses 2020: $34,828Net Income 2020: -$13,3022020Revenue 2021: $11,000Expenses 2021: $10,474Net Income 2021: $5262021Revenue 2022: $21,000Expenses 2022: $21,354Net Income 2022: -$3542022Revenue 2023: $20,670Expenses 2023: $21,250Net Income 2023: -$5802023Revenue 2024: $20,000Expenses 2024: $20,500Net Income 2024: -$5002024

Highlighted filing

2024

Revenue$20,000
Expenses$20,500
Net Income-$500
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$420
Liabilities
$0
Net assets
$420
Revenue
$20,000
Expenses
$20,500
Net income
-$500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.20$0.21$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.21$0.21$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.21$0.21$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.11$0.10$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.22$0.35$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.16$0.20$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.21$0.14$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.01$0.01$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.12$0.31$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.30$0.10$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.11$1.02$0.91
2013Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.71$0.75$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$0.52$0.90$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.00$1.45$0.43$0.13$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.40$0.13$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.2
Gross Receipts
$20,000
Mission and Program Overview

Mission

To provide support to conduct research, analysis, and educational activities to promote enterprise and a prosperous business environment in virginia.

To provide support for the research, analysis and educational activities required to promote enterprise and a prosperous business environment in virginia.

Program Services

DescriptionGrantsExpenses
SUPPORT OF THE PROGRAMS FOR RESEARCH, ANALYSIS AND EDUCATION ACTIVITIES TO PROMOTE ENTERPRISE AND A PROPEROUS BUSINESS ENVIROMENT IN VIRGINIA$0$20,500
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRAIG PARISOTChair-$0--
LAURA NOVEYPast Chair-$0--
CHRISTOPHER B SAXMANDirector-$0--
TOM MINNICKSecretary-$0--
GARY THOMSONTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Virginia Free Enterprise Foundation
EIN
54-2024437
Phone
5402940680
Address
PO BOX 29268, HENRICO, VA 23242

Signing Officer

Name
Christopher B Saxman
Title
Executive Director
Phone
5402940680
Signed
2025-10-21
Discuss with paid preparer
Yes

Preparer

Firm
Carmack Company
Address
5604 COLD HARBOR ROAD, MECHANICSVILLE, VA 23111
Preparer
Claude W Carmack Cpapfs Cfp
Phone
8044271040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Payments to Affiliates

“Affiliate name: virginia foundation for research and economic education, inc. Affiliate address: p.o. Box 29268 henrico, va 29268. Purpose of payment: support. Amount of payment: 20500.”

Raw XML Appendix167 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFFILIATE NAME: VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION, INC. AFFILIATE ADDRESS: P.O. BOX 29268 HENRICO, VA 29268. PURPOSE OF PAYMENT: SUPPORT. AMOUNT OF PAYMENT: 20500.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodEndDt02024-12-31
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