Virginiafirst
- Assets
- $590.5k
- Revenue
- $930.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Richmond, VA
- Founding
- 05/2007
- Data as of
- 06/2021
- EIN
- 20-8081778
Organization Overview
Virginiafirst, operating under the name FIRST Chesapeake, is located in Richmond, VA. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, FIRST Chesapeake employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. FIRST Chesapeake is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, FIRST Chesapeake generated $930.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $841.1k during the year ending 06/2021. 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
TO INSPIRE YOUNG PEOPLE IN DC, MD AND VA TO ENGAGE IN SCIENCE, ENGINEERING AND TECHNOLOGY THROUGH MENTORING, BY BUILDING LEADERSHIP SKILLS, INSPIRING INNOVATION, AND FOSTERING SELF-CONFIDENCE AND COMMUNICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRGINIAFIRST OFFERS PROGRAMS FOR YOUTHS IN GRADES K TO 12. OVER THE YEARS WITH ASSISTANCE FROM SPONSORS, COACHES, MENTORS AND FRIENDS, THE ORGANIZATION HAS ESTABLISHED DOZENS OF QUALIFYING, STATE AND REGIONAL EVENTS AND COMPETITIONS TO CHALLENGE AND INSPIRE THOUSANDS OF STUDENTS. IN THE 2015-16 FISCAL YEAR, THE ORGANIZATION EXPANDED ITS REACH TO A DISTRICT MODEL TO INCLUDE THE DISTRICT OF COLUMBIA AND MARYLAND COVERING 7 DISTRICT EVENTS AND ONE CHAMPIONSHIP EVENT FOR THE FIRST ROBOTICS COMPETITION FRC. THIS EXPANSION IS ALSO KNOWN AS FIRST CHESAPEAKE. THE FRC CHAMPIONSHIP EVENT IS THE PREMIER ENGINEERING CHALLENGE FOR HIGH SCHOOL STUDENTS AND IS THE HIGHLIGHT EVENT OF THE ORGANIZATION. VIRGINIAFIRST ALSO SPONSORS THE FIRST TECH CHALLENGE AND THE FIRST LEGO LEAGUE COMPETITIONS, AS WELL AS VARIOUS EXHIBITIONS WITHIN THE OPERATIONS OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leighann Boland Executive Director | Officer | 60 | $142,500 |
James Kresge Chairman | OfficerTrustee | 1 | $0 |
Michael Duncan Treasurer | OfficerTrustee | 2 | $0 |
Scott Mckay Director | Trustee | 2 | $0 |
Paula Chi Director | Trustee | 1 | $0 |
Gulu Gambhir Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $759,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $807,711 |
| Total Program Service Revenue | $122,418 |
| Investment income | $9 |
| 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 | $930,138 |
| 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 | $583,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,670 |
| Fees for services: Management | $6,098 |
| Fees for services: Legal | $1,677 |
| Fees for services: Accounting | $24,515 |
| 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 | $26,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,160 |
| Travel | $1,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,806 |
| Insurance | $13,916 |
| All other expenses | $9,499 |
| Total functional expenses | $841,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,158 |
| Savings and temporary cash investments | $397,571 |
| 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 | $85,718 |
| Net Land, buildings, and equipment | $5,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,375 |
| Total assets | $590,470 |
| Accounts payable and accrued expenses | $37,481 |
| Grants payable | $0 |
| Deferred revenue | $37,500 |
| 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 | $428,027 |
| Total liabilities | $503,008 |
| Net assets without donor restrictions | $87,462 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $590,470 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Virginiafirst has recieved totaling $337,121.
| Awarding Organization | Amount |
|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $172,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $140,121 |
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
National Center For Research In Advanced Information & Digital Tec Washington, DC | $0 | $38,475,850 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Education Trust Inc Washington, DC | $60,384,663 | $28,594,144 |
Fwdus Education Fund Inc Washington, DC | $39,522,128 | $52,902,160 |
Chiefs For Change Washington, DC | $30,000,112 | $22,072,365 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |