Virginia Advanced Study Strategiesinc
- Assets
- $383.9k
- Revenue
- $438.7k
- Investments
- $0.0
- Employees
- 0
- Location
- South Boston, VA
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 26-0632787
Organization Overview
Virginia Advanced Study Strategiesinc is located in South Boston, VA. The organization was established in 2007. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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 Advanced Study Strategiesinc 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 12/2021, Virginia Advanced Study Strategiesinc generated $438.7k 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 (11.1%) each year. All expenses for the organization totaled $395.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) 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
VASS HELPS PREPARE TOMORROW'S WORKFORCE BY SHIFTING THE FOCUS OF K12 PUBLIC EDUCATION FROM MEETING MINIMUM COMPETENCIES TO A CULTURE OF ADVANCED ACADEMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VASS HELPS PREPARE TOMORROW'S WORKFORCE BY SHIFTING THE FOCUS OF K12 PUBLIC EDUCATION FROM MEETING MINIMUM COMPETENCIES TO A CULTURE OF ADVANCED ACADEMICS.
NONE
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackson Reasor Chair | OfficerTrustee | 0 | $0 |
Ted Bennett Vice Chair | OfficerTrustee | 0 | $0 |
Julie Brown Secretary | OfficerTrustee | 0 | $0 |
Jennifer Stevens President/chief Exec Offic | Officer | 0 | $0 |
Jeff Scales Director | Trustee | 0 | $0 |
Nathaniel Marshall Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $409,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,005 |
| Total Program Service Revenue | $29,675 |
| Investment income | $8 |
| 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 | $438,688 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,581 |
| Advertising and promotion | $0 |
| Office expenses | $5,000 |
| Information technology | $5,932 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,528 |
| Insurance | $0 |
| All other expenses | $50 |
| Total functional expenses | $395,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,527 |
| 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 | $18,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $383,937 |
| Accounts payable and accrued expenses | $82,765 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $43,107 |
| 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 | $125,872 |
| Net assets without donor restrictions | $258,065 |
| 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 | $383,937 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Advanced Study Strategiesinc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Koch Institute Arlington, VA | $404,108,851 | $1,636,185 |
University Of Maryland Orthopaedic Associates P A Baltimore, MD | $13,376,270 | $27,085,599 |
Christendom Educational Corporation Front Royal, VA | $86,152,733 | $30,827,338 |
International Masonry Training And Education Foundation Bowie, MD | $50,955,407 | $23,973,687 |
Association Of Public And Land-Grant Universities Washington, DC | $44,260,531 | $22,104,494 |
Association Of Governing Boards Of Universities And Colleges Washington, DC | $19,633,060 | $15,066,269 |
Carolina University WinstonSalem, NC | $16,856,188 | $13,786,116 |
American Association Of State Colleges And Universities Washington, DC | $33,003,801 | $11,451,095 |
Institute For The Psychological Sciences Sterling, VA | $8,909,677 | $11,624,455 |
Accreditation Board For Engineering And Technology Inc Baltimore, MD | $25,462,231 | $12,376,690 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Consortium Of Universities Of The Washington Metropolitan Area Washington, DC | $2,518,599 | $5,635,186 |