Virginia Business Ed Assn
- Assets
- $66.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 05/1988
- Data as of
- 08/2022
- EIN
- 54-1428387
Organization Overview
Virginia Business Ed Assn is located in Chesapeake, 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 08/2022, Virginia Business Ed Assn generated $24.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $15.3k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
THE PANDEMIC CAUSED MANY CHALLENGES IN PROVIDING PROFESSIONAL DEVELOPMENT. THE ASSOCIATION HAS CREATED MUCH ONLINE TRAINING TO ALLOW TEACHERS TO LEARN NEW SKILLS AND PARTICIPATE IN NEW CURRICULA TRAINING SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Snodgrass President | 10 | $0 | |
Stephanie Holt President Elect | 10 | $0 | |
Charisse Woodward Past President | 10 | $0 | |
Rhonda Doak Treasurer | 10 | $0 | |
Amanda Painter Secretary | 10 | $0 | |
Jessica Morrison Webmaster | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,148 |
| Total Program Service Revenue | $20,613 |
| Membership dues | $2,644 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $155 |
| Total Revenue | $24,560 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $11,957 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,651 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $20 |
| Other expenses | $1,700 |
| Total expenses | $15,328 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,650 |
| Other assets | $0 |
| Total assets | $66,650 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of University Professors Washington, DC | $14,341,137 | $8,888,177 |
Virginia Society Of Certified Public Accountants Glen Allen, VA | $7,638,918 | $5,705,008 |
Pipe Line Contractors Association Arlington, VA | $3,589,636 | $6,412,897 |
Maryland Association Of Certified Public Accountants Towson, MD | $5,874,281 | $4,922,234 |
Tennessee Society Of Certified Public Accountants Brentwood, TN | $4,364,880 | $3,240,812 |
Learning Undefeated Inc Gaithersburg, MD | $6,516,289 | $2,709,054 |
The Surplus Lines Association Of North Carolina Raleigh, NC | $12,949,553 | $5,323,982 |
Orthoforum Inc Knoxville, TN | $4,583,324 | $2,767,682 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Nashville, TN | $4,408,453 | $2,757,970 |
National Utility Contractors Association Inc Fairfax, VA | $2,626,638 | $2,535,336 |
Bbb Wise Giving Alliance Arlington, VA | $1,735,279 | $2,119,242 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Paducah, KY | $5,273,908 | $1,732,719 |