Virginia Forestry Association
- Assets
- $805.9k
- Revenue
- $559.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Richmond, VA
- Founding
- 04/1944
- Data as of
- 12/2021
- 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 12/2021, Virginia Forestry Association employed 5 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 12/2021, Virginia Forestry Association generated $559.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $582.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
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 | $114,125 |
John Gee Past Preside | OfficerTrustee | 2 | $0 |
Stephanie Grubb Vice Preside | OfficerTrustee | 2 | $0 |
Dan Hockenberger Treasurer | OfficerTrustee | 2 | $0 |
Scott Shallenberger President | OfficerTrustee | 5 | $0 |
Scott Barrett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $291,437 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,482 |
| Total Program Service Revenue | $191,074 |
| Investment income | $556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,691 |
| 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 | $559,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,000 |
| 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. | $117,500 |
| Compensation of current officers, directors, key employees. | $56,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,686 |
| Pension plan accruals and contributions | $5,863 |
| Other employee benefits | $28,995 |
| Payroll taxes | $19,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $680 |
| Advertising and promotion | $0 |
| Office expenses | $35,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,514 |
| 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 | $2,828 |
| All other expenses | $24,921 |
| Total functional expenses | $582,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,930 |
| Savings and temporary cash investments | $339,948 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,838 |
| 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 | $7,761 |
| Net Land, buildings, and equipment | $401,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $784 |
| Total assets | $805,934 |
| Accounts payable and accrued expenses | $20,906 |
| Grants payable | $0 |
| Deferred revenue | $70,361 |
| 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 | $5,701 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $691 |
| Total liabilities | $97,659 |
| Net assets without donor restrictions | $644,587 |
| 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 | $805,934 |
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 |
Richmond, VA PURPOSE: TO HELP SUSTAIN ORGANIZATION. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Forestry Association has recieved totaling $9,505.
| Awarding Organization | Amount |
|---|---|
American Forest Foundation Washington, DC PURPOSE: LANDOWNER OUTREACH | $9,505 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Centre For Research In Agroforestry Alexandria, VA | $56,650,550 | $47,516,870 |
American Forest Foundation Washington, DC | $171,629,003 | $11,420,300 |
Trees For The Future Inc Bethesda, MD | $3,555,331 | $8,629,484 |
Forest Trends Association Washington, DC | $10,087,472 | $17,021,181 |
American Forests Washington, DC | $11,834,340 | $11,227,734 |
Sustainable Forestry Initiative Inc Washington, DC | $11,235,030 | $11,391,781 |
Isaac W Bernheim Foundation Inc Clermont, KY | $72,773,780 | $5,619,355 |
Kentucky Natural Lands Trust Inc Berea, KY | $27,894,739 | $3,601,751 |
Green Forests Work Inc Lexington, KY | $1,089,777 | $1,867,248 |
Forest History Society Inc Durham, NC | $14,218,632 | $2,687,841 |
Appalachian Wildlife Foundation Corbin, KY | $20,208,028 | $7,618,416 |
N C Forestry Association Raleigh, NC | $1,489,442 | $881,130 |