Home Builders Association Of Virginia Educational Foundation
- Assets
- $389.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/1990
- Data as of
- 12/2023
- 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 12/2023, Home Builders Association Of Virginia Educational Foundation generated $62.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $25.3k during the year ending 12/2023. 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
2023
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
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 |
|---|---|---|---|
Craig Toalson Secretary/tr | 4 | $180,500 | |
Scott Hine Chair | 1 | $0 | |
Justin Boyle Vice-Chair | 1 | $0 | |
John Ainslie Hbav Preside | 1 | $0 | |
Brian Davidson Trustee | 1 | $0 | |
Nathan Trice Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,902 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,194 |
| Gain or Loss | $28,210 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,306 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,849 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $428 |
| Total expenses | $25,277 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $387,861 |
| Other assets | $0 |
| Total assets | $389,861 |
| Total liabilities | $0 |
| Net assets or fund balances | $389,861 |
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 |