Virginia Business Ed Assn
- Assets
- $15.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Floyd, VA
- Founding
- 05/1988
- Data as of
- 08/2024
- EIN
- 54-1428387
Organization Overview
Virginia Business Ed Assn is located in Floyd, VA. The organization was established in 1988. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Business Ed Assn 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 08/2024, Virginia Business Ed Assn generated $57.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $68.6k during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
VIRGINIA BUSINESS EDUCATION ASSOCIATION PLANNED AND IMPLEMENTED A PROFESSIONAL DEVELOPMENT CONFERENCE FOR TEACHERS THAT OFFERED HANDS-ON TECHNOLOGY TRAINING AIMED AT PREPARING OR ENHANCING SKILLS NEEDED TO TEACH THE CURRICULUM. PROFESSIONAL DEVELOPMENT WAS OFFERED ON TEACHING TECHNIQUES, UPDATES ON CURRICULUM AREAS AND OPPORTUNITIES FOR TEACHERS TO MEET AND EXCHANGE IDEAS ON CLASSROOM STRATEGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Rice President | 10 | $0 | |
Michael Onda President-Elect | 10 | $0 | |
Stephanie Holt Past President | 10 | $0 | |
Rhonda Burnette Treasurer | 10 | $0 | |
Amanda Painter Secretary | 10 | $0 | |
Judith Sams Registered Agent | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,135 |
| Total Program Service Revenue | $51,498 |
| Membership dues | $2,904 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,280 |
| Total Revenue | $57,817 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $62,383 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,239 |
| Total expenses | $68,622 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,154 |
| Other assets | $0 |
| Total assets | $15,154 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,154 |