Virginia Free Enterprise Foundation is located in Henrico, VA. The organization was established in 2002. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, 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 Free Enterprise 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, Virginia Free Enterprise Foundation generated $11.0k 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 (13.4%) each year. All expenses for the organization totaled $10.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
SUPPORT OF THE PROGRAMS FOR RESEARCH, ANALYSIS AND EDUCATION ACTIVITIES TO PROMOTE ENTERPRISE AND A PROPEROUS BUSINESS ENVIROMENT IN VIRGINIA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Lawrence Past Chair | 0.5 | $0 | |
Laura Fornash Chair | 0.5 | $0 | |
Christopher B Saxman Director | 3 | $0 | |
Tom Minnick Secretary | 0.5 | $0 | |
Gary Thomson Treasurer | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $11,000 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $11,000 |
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 | $175 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $299 |
Total expenses | $10,474 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $1,854 |
Other assets | $0 |
Total assets | $1,854 |
Total liabilities | $0 |
Net assets or fund balances | $1,854 |
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