Vsga-Vip Scholarship Foundation

Organization Overview

Vsga-Vip Scholarship Foundation is located in Midlothian, VA. The organization was established in 1984. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vsga-Vip Scholarship Foundation 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 12/2022, Vsga-Vip Scholarship Foundation generated $211.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $202.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE COLLEGE SCHOLARSHIPS TO AMATEUR GOLFERS BASED UPON ACADEMIC EXCELLENCE AND ECONOMIC NEED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION AWARDED SCHOLARSHIPS TO AMATEUR GOLFERS WHO ARE VIRGINIA RESIDENTS ATTENDING COLLEGE BASED UPON ACADEMIC EXCELLENCE AND ECONOMIC NEED.


THE FOUNDATION'S FLEMING FUND PROVIDES FUNDING FOR JUNIOR GIRLS TO ATTEND JUNIOR GOLF PROGRAMS. THE FLEMING FUND ASSISTS JUNIOR GIRLS AGES SEVEN (7) THROUGH (18) BY FUNDING SCHOLARSHIPS FOR GOLF CAMPS AND OTHER GOLF INSTRUCTION AND SUPPORTING THEIR PARTICIPATION IN TOURNAMENTS AND OTHER GOLF-RELATED ACTIVITIES. THE FLEMING FUND FOCUSES ITS SUPPORT ON VIRGINIA GIRLS WHO OTHERWISE WOULD NOT BE ABLE TO ENJOY THESE OPPORTUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Joan Gardner
President
$0
Somsak Chivavibul
Treasurer
$0
Jack Walker
Secretary
$0
Mason Dirickson
Director
$0
Anne Greever
Director
$0
Craig Groenendaal
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$98,514
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$49,037
Noncash contributions included in lines 1a–1f $1,511
Total Revenue from Contributions, Gifts, Grants & Similar$147,551
Total Program Service Revenue$0
Investment income $79,647
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$15,604
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $211,594

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