Virginia Forestry Educational Foundation
- Assets
- $7.9m
- Revenue
- $331.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/1962
- Data as of
- 12/2022
- EIN
- 54-6031332
Organization Overview
Virginia Forestry Educational Foundation is located in Richmond, VA. The organization was established in 1962. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Forestry 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 12/2022, Virginia Forestry Educational Foundation generated $331.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $327.8k during the year ending 12/2022. While expenses have increased by 10.0% 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.
Since 2016, Virginia Forestry Educational Foundation has awarded 41 individual grants totaling $1,227,723. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PERMANENT FINANCIAL SUPPORT FOR THE CHARITABLE, EDUCATIONAL AND RESEARCH ACTIVITIES OF THE VIRGINIA FORESTRY AND FOREST PRODUCT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS - VIRGINIA FORESTRY EDUCATIONAL FOUNDATION (VFEF) CONTRIBUTES BOARD APPROVED FUNDS TO VIRGINIA TECH'S FORESTRY SCHOOL AND RELIES ON THE SCHOOL'S JUDGEMENT AS TO WHO SHOULD RECEIVE THE INDIVIDUAL SCHOLARSHIPS. VIRGINIA TECH SENDS A LIST OF RECIPIENTS TO VFEF TO SUPPORT THE SCHOLARSHIP DISBURSEMENT.
SPECIAL EDUCATIONAL PROJECTS - REPRESENTS VARIOUS PRIZES AND AWARDS GIVEN TO 4-H, INTERNET WOODY PLANTS AND YOUTH EDUCATION, TEACHERS TOURS SE VIRGINIA, AND HOLIDAY LAKE FORESTRY CAMP FOR ACTIVITIES. THESE GROUPS SPONSOR ACTIVITIES RELATING TO THE FORESTRY INDUSTRY, CONSERVATION, SERVICES TO EDUCATE YOUTH ABOUT THE IMPORTANCE OF ENVIRONMENTAL AND FOREST PRODUCTS, AND OTHER RELATED EXPENSES.
PROJECT LEARNING TREE - A PROJECT UNDERTAKEN FOR THE PURPOSE OF CONDUCTING TRAINING WORKSHOPS FOR SCHOOL TEACHERS AND FOR PROVIDING FORESTRY EDUCATIONAL MATERIALS TO SCHOOLS IN VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Burkart Director | Trustee | 2 | $0 |
Matt Dowdy Director | Trustee | 2 | $0 |
Lavan Dauberman Vice Preside | OfficerTrustee | 5 | $0 |
Brad Fuller Secretary | OfficerTrustee | 2 | $0 |
Mike Hincher Director | Trustee | 2 | $0 |
Beth Hutchins Director | Trustee | 2 | $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 | $101,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,401 |
| Total Program Service Revenue | $0 |
| Investment income | $221,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $262,120 |
| 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 | $26,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,702 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $682 |
| Travel | $380 |
| 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 | $2,432 |
| All other expenses | $0 |
| Total functional expenses | $327,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,165 |
| Savings and temporary cash investments | $492,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $2,013 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,341,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,927,370 |
| Accounts payable and accrued expenses | $273 |
| 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 | $273 |
| Net assets without donor restrictions | $4,544,877 |
| Net assets with donor restrictions | $3,382,220 |
| 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 | $7,927,370 |
Grants Awarded
Over the last fiscal year, Virginia Forestry Educational Foundation has awarded $262,120 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNTAIN GATE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR EDU | $8,000 |
VIRGINIA PROJECT LEARNING TREE CO PURPOSE: YOUTH EDUCATION | $5,720 |
JAMESTOWN 4-H CNTER PURPOSE: YOUTH EDUCATION | $6,500 |
VIRGINIA TECH FOUNDATION PURPOSE: SCHOLARSHIPS | $11,750 |
HOLIDAY LAKE 4-H PURPOSE: YOUTH EDUCATION | $31,000 |
LESS THAN 5000 PURPOSE: YOUTH EDUCATION | $23,150 |