Virginia Forestry Association
- Assets
- $720.4k
- Revenue
- $723.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, VA
- Founding
- 04/1944
- Data as of
- 12/2023
- EIN
- 54-0419098
Organization Overview
Virginia Forestry Association is located in Richmond, VA. The organization was established in 1944. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, under the broad grouping of Environment and related organizations. As of 12/2023, Virginia Forestry Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Forestry Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Virginia Forestry Association generated $723.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $693.5k during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
VFA PROMOTES STEWARDSHIP AND WISE USE OF THE COMMONWEALTH'S FOREST RESOURCES FOR THE ECONOMIC AND ENVIRONMENTAL BENEFITS OF ALL VIRGINIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE FORESTRY INITIATIVE - TO ASSIST COMPANIES, LOGGERS, AND LANDOWNERS IN IMPROVING FORESTRY PRACTICES.
PROJECT LEARNING TREE - AN INTERNATIONALLY RENOWNED FORESTRY AND ENVIRONMENTAL EDUCATIONAL PROGRAM FROM K-12 STUDENTS WHICH REACHES ABOUT 700 TEACHERS ANNUALLY IN VIRGINIA. THE PLT ACTIVITIES AND MODULES DIRECTLY SUPPORT THE VIRGINIA STANDARDS OF LEARNING.
LEGISLATIVE ACTIVITIES - TO EDUCATE THE VIRGINIA GENERAL ASSEMBLY, U.S. CONGRESS, AND LOCAL GOVERNMENTS ABOUT THE FORESTRY INDUSTRY AND ITS IMPACT ON THE ENVIRONMENT AND ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Connors Executive Di | Officer | 40 | $119,281 |
Scott Barrett Director | Trustee | 1 | $0 |
Benjamin Cole Director | Trustee | 1 | $0 |
Lavan Dauberman Director | Trustee | 1 | $0 |
Eric Goodman Director | Trustee | 1 | $0 |
Stephanie Grubb Past Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $314,155 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,531 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,026 |
| Total Program Service Revenue | $335,857 |
| Investment income | $4,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,501 |
| 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 | $723,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,450 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,205 |
| Pension plan accruals and contributions | $3,148 |
| Other employee benefits | $24,887 |
| Payroll taxes | $20,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,317 |
| Advertising and promotion | $0 |
| Office expenses | $58,492 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,479 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,156 |
| Insurance | $5,674 |
| All other expenses | $29,955 |
| Total functional expenses | $693,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,329 |
| Savings and temporary cash investments | $293,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,164 |
| 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 | $8,495 |
| Net Land, buildings, and equipment | $369,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $784 |
| Total assets | $720,401 |
| Accounts payable and accrued expenses | $7,450 |
| Grants payable | $0 |
| Deferred revenue | $88,596 |
| 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 | $684 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96,730 |
| Net assets without donor restrictions | $559,983 |
| Net assets with donor restrictions | $63,688 |
| 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 | $720,401 |
Grants Awarded
Over the last fiscal year, Virginia Forestry Association has awarded $53,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY PURPOSE: TO PROMOTE FORESTRY EDUCATION. | $48,000 |
VIRGINIA TREE FARM FOUNDATION PURPOSE: TO HELP SUSTAIN ORGANIZATION. | $5,000 |