Virginia Shrm State Council
- Assets
- $559.5k
- Revenue
- $335.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 04-3609223
Organization Overview
Virginia Shrm State Council is located in Charlottesville, VA. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Shrm State Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Virginia Shrm State Council generated $335.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $154.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: VIRGINIA SHRM IS AN ESSENTIAL AND EFFECTIVE PARTNER IN UNITING AND SUPPORTING THE HUMAN RESOURCES COMMUNITY IN VIRGINIA AND THE DISTRICT OF COLUMBIA.THE ORGANIZATION'S MISSION IS ACCOMPLISHED BY:1. HELPING HR PROFESSIONALS REALIZE THEIR FULL POTENTIAL AND UNDERSTAND HOW THEY CAN ADD VALUE TO THE ORGANIZATIONS AND PEOPLE THEY SERVE.2. CREATING AN ENVIRONMENT FOR LEARNING AND SHARING SO THE STATE'S HR CHAPTERS CAN GROW AND DEVELOP INFORMED LEADERSHIP.3. PROVIDING THE VISION AND DIRECTION TO MAKE OUR COMMUNITIES INCLUSIVE.4. OPTIMIZING THE RESOURCES AND RELATIONSHIPS WITH SHRM AND SHARE THE BENEFITS OF PARTNERSHIP WITH SHRM, STATE CHAPTERS AND OTHER QUALITY INDIVIDUALS AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORED A VIRTUAL AND ON-DEMAND HR CONFERENCE APRIL 11-14, 2021. 450 HR PROFESSIONALS ATTENDED AND OVER 60 RECERTIFICATION CREDIT HOURS WERE OFFERED.
THE ORGANIZATION SPONSORED A VIRTUAL LEADERSHIP CONFERENCE JANUARY 14-15, 2021. 121 HR PROFESSIONALS WHO HOLD LEADERSHIP POSITIONS IN LOCAL CHAPTERS CAME TOGETHER FOR TWO DAYS OF WORKSHOPS ON MEMBERSHIP, FINANCE, TECHNOLOGY AND STRATEGIC PLANNING. FOUR RECERTIFICATION CREDIT HOURS WERE OFFERED.
THE ORGANIZATION MAINTAINS ITS WEBSITE AS AN ONGOING AND VALUABLE TOOL TO THE HR COMMUNITY TO INFORM MEMBERS AND NONMEMBERS OF EVENTS AND SERVICES AVAILABLE TO THEM FROM THE STATE AND NATIONAL LEVELS. ITS FOCUS AREAS INCLUDE, BUT ARE NOT LIMITED TO BEST PRACTICES, CERTIFICATION, COMMUNICATIONS, DIVERSITY, SPECIAL PROJECTS AND TECHNOLOGY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karis Richardson Shrm-Scp Sphr Vice President | Officer | 10 | $0 |
Jamie Ryers Shrm-Scp Secretary | Officer | 5 | $0 |
Betty Wilcher Shrm-Scp Sphr President | Officer | 10 | $0 |
Brenda Madden Shrm-Scp Sphr Treasurer | Officer | 10 | $0 |
Michael Latsko JD Shrm-Cp Phr Past President | Trustee | 5 | $0 |
Robin Hobson Shrm-Scp Sphr Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,490 |
| Total Program Service Revenue | $265,288 |
| Investment income | $56,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $788 |
| Information technology | $2,553 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,167 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,821 |
| Interest | $0 |
| Payments to affiliates | $4,357 |
| Depreciation, depletion, and amortization | $6,615 |
| Insurance | $0 |
| All other expenses | $210 |
| Total functional expenses | $154,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,240 |
| Savings and temporary cash investments | $12,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,295 |
| Net Land, buildings, and equipment | $1,302 |
| Investments—publicly traded securities | $294,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $927 |
| Other assets | $0 |
| Total assets | $559,514 |
| Accounts payable and accrued expenses | $6,775 |
| Grants payable | $0 |
| Deferred revenue | $81,927 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,702 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,300 |
| Retained earnings, endowment, accumulated income, or other funds | $468,512 |
| Total liabilities and net assets/fund balances | $559,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |