Virginia High School League
- Assets
- $7.8m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Charlottesville, VA
- Founding
- 01/1982
- Data as of
- 06/2023
- EIN
- 51-0250506
Organization Overview
Virginia High School League is located in Charlottesville, VA. The organization was established in 1982. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Virginia High School League employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia High School League 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 06/2023, Virginia High School League generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) 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
TO PROMOTE EDUCATION, LEADERSHIP, SPORTSMANSHIP, CHARACTER, AND CITIZENSHIP FOR STUDENTS BY ESTABLISHING AND MAINTAINING HIGH STANDARDS FOR SCHOOL ACTIVITIES AND COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE EDUCATION, LEADERSHIP, SPORTSMANSHIP, CHARACTER, AND CITIZENSHIP FOR STUDENTS BY ESTABLISHING AND MAINTAINING HIGH STANDARDS FOR SCHOOL ACTIVITIES AND COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Tony Brads Board Member | Trustee | 1 | $0 |
Dr Curtis Hicks Board Member | Trustee | 1 | $0 |
Shannon Butler Board Member | Trustee | 1 | $0 |
Dr Mervin Daugherty Board Member | Trustee | 1 | $0 |
David Ferguson Board Member | Trustee | 1 | $0 |
Brad Hart Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,260,914 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,367,533 |
| Total Program Service Revenue | $4,499,343 |
| Investment income | $49,490 |
| 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 | $5,916,366 |
| 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. | $150,128 |
| Compensation of current officers, directors, key employees. | $44,826 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $957,679 |
| Pension plan accruals and contributions | $139,402 |
| Other employee benefits | $171,429 |
| Payroll taxes | $82,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,295 |
| Fees for services: Accounting | $70,825 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,375 |
| Advertising and promotion | $0 |
| Office expenses | $107,500 |
| Information technology | $199,084 |
| Royalties | $0 |
| Occupancy | $78,140 |
| Travel | $60,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,255 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,244 |
| Insurance | $838,423 |
| All other expenses | $10,339 |
| Total functional expenses | $4,989,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,981,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $204,557 |
| 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 | $385,589 |
| Investments—publicly traded securities | $2,332,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,871,356 |
| Total assets | $7,774,554 |
| Accounts payable and accrued expenses | $145,374 |
| Grants payable | $0 |
| Deferred revenue | $57,494 |
| 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 | $1,852,454 |
| Total liabilities | $2,055,322 |
| Net assets without donor restrictions | $5,719,232 |
| 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 | $7,774,554 |