Youth Foundation Of Virginia Beach Inc is located in Virginia Beach, VA. The organization was established in 2004. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Foundation Of Virginia Beach Inc 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, Youth Foundation Of Virginia Beach Inc generated $2.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (47.7%) each year. All expenses for the organization totaled $5.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (40.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Youth Foundation Of Virginia Beach Inc has awarded 22 individual grants totaling $160,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FUNDRAISING TO BENEFIT VARIOUS CHARITIES IN VIRGINIA BEACH VA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rick Heath Foundation Trea | 0 | $0 | |
Tommy Fraim Board Member | 0 | $0 | |
Bear Cress Secretary | 0 | $0 | |
Curt Smith Treasurer | 0 | $0 | |
Dave Nickles Past President | 0 | $0 | |
Bobby Reckling Board Member | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $3,427 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $5 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$929 |
Other Revenue | $0 |
Total Revenue | $2,503 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $1,641 |
Other expenses | $3,729 |
Total expenses | $5,370 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $47,029 |
Other assets | $0 |
Total assets | $48,833 |
Total liabilities | $0 |
Net assets or fund balances | $48,833 |
Over the last fiscal year, Youth Foundation Of Virginia Beach Inc has awarded $28,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
VIRGINIA BEACH CASA | | | $8,000 |
FRIENDS OF VB JDRC | | | $8,000 |
FACT | | | $6,000 |
UNTAMED SPIRIT | | | $6,000 |
Organization Name | Assets | Revenue |
---|---|---|
Chesapeake Bay Outward Bound School Inc Baltimore, MD | $15,791,418 | $4,070,576 |
Kutcher Foundation Inc Forest Hill, MD | $796,373 | $19,308 |
The Jesse Helms Center Foundation Wingate, NC | $10,139,785 | $832,538 |
Congressional Sports For Charity Alexandria, VA | $777,505 | $905,404 |
Gnf Clarksville, TN | $246,958 | $954,659 |
Dreams Fore Kids Inc Greensboro, NC | $52,918 | $671,050 |
Youth Life Foundation Of Richmond Richmond, VA | $331,898 | $775,489 |
Dreamchasers Clarksville, TN | $172,017 | $578,217 |
M4k Lynchburg Inc Lynchburg, VA | $46,148 | $496,402 |
3e Funding Inc Clarksville, TN | $268,851 | $536,563 |
Ascent Soccer Usa Washington, DC | $88,611 | $247,724 |
Van Noy Valor Foundation Inc Florence, KY | $112,217 | $345,441 |