Virginia Society For Technology In Education
- Assets
- $271.5k
- Revenue
- $432.7k
- Investments
- $104.3k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 10/1991
- Data as of
- 06/2022
- EIN
- 54-1590219
Organization Overview
Virginia Society For Technology In Education is located in Richmond, VA. The organization was established in 1991. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Virginia Society For Technology In Education 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 06/2022, Virginia Society For Technology In Education generated $432.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $496.7k during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TECHNOLOGY IN EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
VSTE FACE TO FACE PROFESSIONAL DEVELOPMENT:VSTE PROVIDES A VARIETY OF FACE TO FACE PROFESSIONAL DEVELOPMENT EVENTS THROUGHOUT THE YEAR. EACH FALL VSTE SPONSORS THE ONLY STATEWIDE TECHNOLOGY CONFERENCE IN VIRGINIA. OVER 750 ATTENDEES ARE EXCITED EACH YEAR BY CUTTING EDGE TECHNOLOGY SESSIONS AND WORKSHOPS. IN TWO AND A HALF DAYS, THE CONFERENCE PROVIDES OVER 100 CONCURRENT SESSIONS,EXHIBITORS AND INFORMATION ON STATE OF THE ART OPPORTUNITIES FOR EDUCATION. THE ANNUAL CONFERENCE INCLUDES THE EDUCATIONAL TECHNOLOGY LEADERSHIP INSTITUTE. IN ADDITION TO THE CONFERENCE, VSTE HOLDS ANOTHER SINGLE DAY WORKSHOPS THROUGHOUT THE STATE INCLUDING SUMMER MINI CONFERENCES. SPONSORS PROVIDE SUPPORT FOR ALL THESE PROGRAMS.
PARTNERSHIPS:VSTE MAINTAINS PROFESSIONAL PARTNERSHIP AGREEMENTS WITH A NUMBER OF PROFESSIONAL ORGANIZATIONS INCLUDING WHRO,ISTE, NORTH TIER, AND VIRGINIA COMMONWEALTH UNIVERSITY. WITHIN THESE PROGRAMS VSTE COORDINATES MARKETING, REGISTRATIONS, AND IMPLEMENTATION OF ONLINE PROFESSIONAL DEVELOPMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Mcdonald Vice Chair | OfficerTrustee | 1 | $0 |
Patrick Hausammann Treasurer | OfficerTrustee | 1 | $0 |
Margaret Sisler Secretary | OfficerTrustee | 1 | $0 |
Chanel Alford-Campbell Director | Trustee | 0.25 | $0 |
Heather Askea Chair | OfficerTrustee | 1 | $0 |
Matt Caratachea Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $7,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,708 |
| Statement of Expenses | |
|---|---|
| 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. | $50,000 |
| 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 | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,542 |
| Information technology | $21,548 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $374,221 |
| Interest | $0 |
| Payments to affiliates | $812 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,577 |
| All other expenses | $0 |
| Total functional expenses | $496,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,394 |
| Savings and temporary cash investments | $62,780 |
| 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 | $1,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $104,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $271,523 |
| Accounts payable and accrued expenses | $6,120 |
| Grants payable | $0 |
| Deferred revenue | $51,750 |
| 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 | $8,158 |
| Total liabilities | $66,028 |
| 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 |
| Total liabilities and net assets/fund balances | $205,495 |