Virginia Council For Private Education
- Assets
- $481.5k
- Revenue
- $506.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Richmond, VA
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 54-1899879
Organization Overview
Virginia Council For Private Education is located in Richmond, VA. The organization was established in 1999. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Virginia Council For Private Education employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Council For Private 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 Council For Private Education generated $506.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $378.0k during the year ending 06/2022. While expenses have increased by 8.8% per year over the past 7 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 ADVANCE EXCELLENCE IN PRIVATE EDUCATION THROUGH ADVOCACY AND ACCREDITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSIGHT OF ACCREDITING PROCESS FOR NONPUBLIC PRESCHOOL, ELEMENTARY AND SECONDARY SCHOOLS IN THE COMMONWEALTH OF VA AND FACILITATING A STATEWIDE FRAMEWORK FOR COMMUNICATION AND COOPERATION AMONG PRIVATE SCHOOLS, THEIR PUBLIC COUNTERPARTS, STATE AND LOCAL GOVERNMENTS, AND OTHER AGENCIES AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Creasey Executive Director | Officer | 40 | $108,543 |
Rick Yost Board Chair | OfficerTrustee | 1 | $0 |
Tom Spencer Treasurer | OfficerTrustee | 1 | $0 |
Joseph Whitney Secretary | OfficerTrustee | 1 | $0 |
Steve Lindquist Vice Chair | OfficerTrustee | 1 | $0 |
Dan Rufo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $499,288 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,913 |
| Total Program Service Revenue | $2,353 |
| Investment income | $267 |
| 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 | $506,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $150,975 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,008 |
| Payroll taxes | $15,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,695 |
| Fees for services: Accounting | $5,675 |
| Fees for services: Lobbying | $51,555 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,454 |
| Advertising and promotion | $717 |
| Office expenses | $8,253 |
| Information technology | $23,586 |
| Royalties | $0 |
| Occupancy | $3,790 |
| Travel | $6,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $638 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,148 |
| All other expenses | $0 |
| Total functional expenses | $377,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,536 |
| Savings and temporary cash investments | $183,997 |
| 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 | $1,939 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $481,472 |
| Accounts payable and accrued expenses | $620 |
| 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 | $620 |
| Net assets without donor restrictions | $480,852 |
| 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 | $481,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Ridge Associated Universities Inc Oak Ridge, TN | $44,030,627 | $90,563,395 |
Methodist University Inc Fayetteville, NC | $132,260,615 | $89,510,877 |
Entrepreneurs Organization Alexandria, VA | $61,864,158 | $33,696,911 |
American Council On Education Washington, DC | $87,315,703 | $34,913,177 |
Association For Supervision And Curriculum Development Arlington, VA | $74,879,436 | $26,629,493 |
Propane Education & Research Council Inc Washington, DC | $68,183,417 | $39,056,977 |
National Science Teaching Association Arlington, VA | $24,488,010 | $16,846,179 |
American Society Of Pension Professionals & Actuaries Inc Arlington, VA | $34,260,839 | $23,358,827 |
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
National Association Of Independent Schools Inc Washington, DC | $58,850,620 | $18,662,235 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |