Home Builders Association Of Virginia Educational Foundation
- Assets
- $416.1k
- Revenue
- $20.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 54-1491547
Organization Overview
Home Builders Association Of Virginia Educational Foundation is located in Richmond, VA. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of Virginia Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Home Builders Association Of Virginia Educational Foundation generated $20.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $30.7k during the year ending 12/2021. 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
THE PRIMARY OBJECTIVE OF THE HBAV EDUCATION FOUNDATION SHALL BE TO ADVANCE BUILDING INDUSTRY EDUCATION OPPORTUNITIES AND LABOR FORCE IN VIRGINIA. THE ORGANIZATION WILL WORK WITH LOCAL HBA'S, SCHOOL SYSTEMS IN VIRGINIA, COMMUNITY COLLEGES, UNIVERSITIES, AND OTHER SIMILAR INSTITUTIONS OF LEARNING BY PROVIDING GRANT FUNDING THAT WOULD WORK TOWARDS THE FOUNDATION'S OBJECTIVES. THE HBAV EDUCATION FOUNDATION MAY HOLD EDUCATIONAL SEMINARS THAT ALIGN WITH THE PRIMARY OBJECTIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKED WITH LOCAL HBA'S, SCHOOL SYSTEMS IN VIRGINIA,COMMUNITY COLLEGES, UNIVERSITIES, AND OTHER SIMILAR INSTITUTIONS OF LEARNING BY PROVIDING GRANT FUNDING THAT WORKS TOWARDS THE FOUNDATION'S OBJECTIVES. NO GRANT FUNDING WAS PROVIDED THIS YEAR.
AWARDING SCHOLARSHIPS TO INDIVIDUALS, WHO ARE EITHER ENTERING OR ATTENDING COLLEGES, UNIVERSITIES, TECHNICAL SCHOOLS, COMMUNITY AND SIMILAR INSTITUTIONS OF LEARNING. THE APPLICANT HAS TO BE MAJORING IN COURSES RELATED TO THE BUILDING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ainslie Hbav Preside | OfficerTrustee | 1 | $0 |
Scott Hine Chairman | OfficerTrustee | 1 | $0 |
Craig Toalson Secretary/tr | Officer | 4 | $0 |
Drew Comstock Trustee | Trustee | 1 | $0 |
Sean Beliveau Trustee | Trustee | 1 | $0 |
Fred Corbett Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489 |
| Total Program Service Revenue | $0 |
| Investment income | $5,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,250 |
| 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 | $0 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,918 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25 |
| Total functional expenses | $30,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,649 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $414,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $416,082 |
| 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 | $416,082 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $416,082 |
Grants Awarded
Over the last fiscal year, Home Builders Association Of Virginia Educational Foundation has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BUILD SMART INSTITUTE PURPOSE: FUND SCHOLARSHIPS | $13,000 |
VALLEY CAREER & TECH CENTER PURPOSE: FUND SCHOLARSHIPS | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |