Northern Virginia Chamber Of Commerce Foundation Inc
- Assets
- $328.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tysons Corner, VA
- Founding
- 11/1990
- Data as of
- 12/2023
- EIN
- 62-1416486
Organization Overview
Northern Virginia Chamber Of Commerce Foundation Inc is located in Tysons Corner, 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. Northern Virginia Chamber Of Commerce Foundation Inc 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, Northern Virginia Chamber Of Commerce Foundation Inc generated $52.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 62.7% each year . All expenses for the organization totaled $41.3k during the year ending 12/2023. While expenses have increased by 6.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE NORTHERN VIRGINIA CHAMBER OF COMMERCE FOUNDATION, INC. IS ORGANIZED TO ESTABLISH PROGRAMS TO SUPPORT WORKFORCE DEVELOPMENT; VETERAN'S ISSUES; TALENT DEVELOPMENT; COLLABORATION WITH AND AMONG EDUCATIONAL INSTITUTIONS AND OTHER EXEMPT ORGANIZATIONS; PROGRAMS THAT ADVANCE DIVERSITY AND SOCIAL EQUITY; AND MANAGE A SCHOLARSHIP FUND FOR CHILDREN OF VALOR AWARDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Biggar Director | 0.25 | $0 | |
Julie Coons Director | 1 | $0 | |
Kathryn Falk Director/chair Through 6/30/23 | 0.25 | $0 | |
Matt Mcqueen Director/chair Effective 7/1/2023 | 0.5 | $0 | |
Cathy Lange Director | 0.25 | $0 | |
Kevin Reynolds Director Effective 1/1/23 | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,942 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,832 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,774 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,954 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,851 |
| Total expenses | $41,305 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $326,955 |
| Other assets | $0 |
| Total assets | $328,935 |
| Total liabilities | $146,485 |
| Net assets or fund balances | $182,450 |