Nvsbc Education Foundation Inc
- Assets
- $99.1k
- Revenue
- $611.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mineral, VA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-4561485
Organization Overview
Nvsbc Education Foundation Inc is located in Mineral, VA. The organization was established in 2019. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Nvsbc Education 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE NATIONALLY RECOGNIZED TRAINING, NETWORKING, AND ADVOCACY FOR VETERAN SMALL BUSINESS ENTREPRENEURS IN THE FEDERAL MARKET TO ENSURE THEY ARE PROCUREMENT READY AND HAVE ENHANCED ACCESS TO OPPORTUNITIES TO START, OPERATE, SUSTAIN AND GROW COMPETITIVE AND STRONG BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION PROGRAMS:DEVELOPING THE KNOWLEDGEBASE AND SKILLS VETERAN BUSINESS OWNERS NEED TO FUNCTION AS SUCCESSFUL FEDERAL CONTRACTORS AND SUBCONTRACTORS. NVSBC FOUNDATION IS CONTINUALLY INVESTING IN THE DEVELOPMENT AND DELIVERY OF CUSTOMIZED VETERAN SMALL BUSINESS TRAINING TO ENSURE YOU AND YOUR FIRM ARE "PROCUREMENT READY" FOR THE NEW OPPORTUNITIES. THIS INCLUDES SCHOLARSHIPS TO DESERVING NEW VETERAN ENTREPRENEURS TO ATTEND THESE PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Tuorinsky President | OfficerTrustee | 5 | $0 |
Scott Jensen Executive Director | OfficerTrustee | 10 | $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 | $611,015 |
| Noncash contributions included in lines 1a–1f | $188,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $611,015 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $611,015 |
| 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. | $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 | $0 |
| Fees for services: Legal | $219,415 |
| Fees for services: Accounting | $7,892 |
| 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 | $734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $147 |
| 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 | $0 |
| All other expenses | $172,911 |
| Total functional expenses | $551,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,505 |
| 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 | $0 |
| 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 | $99,134 |
| Accounts payable and accrued expenses | $39,535 |
| 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 | $39,535 |
| Net assets without donor restrictions | $59,599 |
| 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 | $99,134 |