Virginia State Reading Association
- Assets
- $418.7k
- Revenue
- $379.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Allen, VA
- Founding
- 01/2018
- Data as of
- 07/2023
- EIN
- 23-7022502
Organization Overview
Virginia State Reading Association is located in Glen Allen, VA. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia State Reading Association 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 07/2023, Virginia State Reading Association generated $379.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $319.0k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO SERVE AS A LEADING AUTHORITY ON LITERACY EDUCATION IN VIRGINIA. VSRA WORKS THROUGH ITS EDUCATIONAL PROGRAMS TO ADVANCE LITERACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL STATE CONFERENCE-FEATURING NATIONALLY KNOWN SPEAKERS, WORKSHOPS, AND EXHIBITS, OFFERING EDUCATIONAL OPPORTUNITIES. THE ANNUAL CONFERENCE WAS PROVIDED IN PERSON AND WITH A VIRTUAL PLATFORM IN 2023. OVER 1,000 PERSONS ATTENDED THE CONFERENCE IN 2023.
PROGRAMS PROMOTING LITERACY AND READING EDUCATION FOR THE APPROXIMATELY 1,200 MEMBERS, INCLUDING PUBLICATION OF AN ANNUAL READING JOURNAL AND PERIODIC NEWSLETTERS PROVIDING INFORMATION ON READING EDUCATION, SCHOLARSHIPS AND TEACHER GRANTS. THE ORGANIZATION ALSO CONDUCTS EDUCATION PROGRAMS FOR PROFESSIONALS AND STUDENTS THROUGH THEIR 17 LOCAL CHAPTERS IN VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Labyak President | OfficerTrustee | 8 | $0 |
Virginia Massaro President Elect | Trustee | 3 | $0 |
Angie Kraje Vice President | OfficerTrustee | 2 | $0 |
Julie Gray Treasurer | OfficerTrustee | 5 | $0 |
Kim Rosenbaum Member At Large | Trustee | 1 | $0 |
Anne Perdue Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,243 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,105 |
| Total Program Service Revenue | $261,555 |
| Investment income | $311 |
| 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 | $378,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,696 |
| Grants and other assistance to domestic individuals. | $8,277 |
| 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 | $39,625 |
| Fees for services: Legal | $309 |
| Fees for services: Accounting | $10,326 |
| Fees for services: Lobbying | $8,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,910 |
| Advertising and promotion | $1,170 |
| Office expenses | $8,626 |
| Information technology | $12,242 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $194,174 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,517 |
| All other expenses | $0 |
| Total functional expenses | $319,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,835 |
| Savings and temporary cash investments | $284,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,700 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $418,744 |
| Accounts payable and accrued expenses | $6,836 |
| Grants payable | $0 |
| Deferred revenue | $12,133 |
| 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 | $18,969 |
| Net assets without donor restrictions | $399,775 |
| 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 | $418,744 |