Virginia Funeral Directors Assoc Inc
- Assets
- $491.2k
- Revenue
- $288.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 01/1941
- Data as of
- 12/2023
- EIN
- 54-0419116
Organization Overview
Virginia Funeral Directors Assoc Inc is located in Lynchburg, VA. The organization was established in 1941. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Funeral Directors Assoc Inc 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 Funeral Directors Assoc Inc generated $288.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $170.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) 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
THE MISSION OF THE VIRGINIA FUNERAL ASSOCIATIONS (VFDA) IS TO SERVE ITS MEMBERS BY PROVIDING AND PROMOTING PROGRAMS AND SERVICES TO ENHANCE MEMBER'S ABILITY TO CONDUCT THEIR INDIVIDUAL BUSINESSES SUCCESSFULLY WITH INTEGRITY AND THROUGH COLLECTIVE ACTION TO PROMOTE THE EXTENSION AND PRESERVATION OF THE PROFESSION; TO SERVICE THE CONSUMER BY ADVANCING THE PROFESSIONAL COMPETENCY AND ECONOMIC WELFARE OF ITS MEMBERSHIP; BY REPRESENTING FUNERAL SERVICE AT ALL LEVELS OF GOVERNMENT; AND BY ENHANCING THE PUBLIC'S UNDERSTANDING OF THE VALUE OF THE FUNERAL AND THE ROLE OF THE FUNERAL SERVICE PRACTITIONER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, VFDA SERVED ITS 175 MEMBERS THROUGH AN ANNUAL CONFERENCE, PROVIDED NUMEROUS CONTINUING EDUCATION EXPERIENCES FOR ITS MEMBER, UPDATED ITS WEBSITE WITH CURRENT NEWS, PRESS RELEASES AND INFORMATION, UTILITIZED LOBBYISTS TO REPRESENT THE INTERESTS OF THE FUNERAL PROFESSION, PUBLISHED A QUARTERLY BULLETIN, UPDATED ITS DIRECTORY AND PROVIDED PERIODIC NEWSLETTERS TO ITS MEMBERS. ALL THESE ACTIVITIES WERE UTLITIZED TO ACHIEVE VFDA'S 5 CORE OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Gardner President | OfficerTrustee | 2 | $0 |
Matthew Perry President Elect | Trustee | 2 | $0 |
Krystina Diman Vice President | OfficerTrustee | 2 | $0 |
John Saville Secretary,treasurer | OfficerTrustee | 2 | $0 |
Jonathan Stilwell Blue Ridge District Direct | Trustee | 2 | $0 |
Gary Maxwell North District Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $174,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,050 |
| Total Program Service Revenue | $108,833 |
| Investment income | $6,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,619 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,761 |
| Fees for services: Accounting | $2,118 |
| Fees for services: Lobbying | $36,612 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,189 |
| Advertising and promotion | $1,437 |
| Office expenses | $7,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,638 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $479 |
| Insurance | $1,674 |
| All other expenses | $905 |
| Total functional expenses | $170,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,478 |
| Savings and temporary cash investments | $486,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $86 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,287 |
| Other assets | $0 |
| Total assets | $491,227 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $491,227 |
| Total liabilities and net assets/fund balances | $491,227 |