Vmdaec Education Scholarship Foundation
- Assets
- $198.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Allen, VA
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 13-4260059
Organization Overview
Vmdaec Education Scholarship Foundation is located in Glen Allen, VA. The organization was established in 2003. 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. Vmdaec Education Scholarship 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, Vmdaec Education Scholarship Foundation generated $79.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $66.5k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION AWARDED 62 SCHOLARSHIPS TO YOUTH FROM ELECTRIC COOPERATIVE SERVICE TERRITORIES ACROSS THE RURAL MID-ATLANTIC, INCLUDING ITS FIRST-EVER $2,000 AWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Garrison Drummond Director | 1 | $0 | |
C Michael Sandridge Vice Chairman | 1 | $0 | |
Linda R Gray Director | 1 | $0 | |
Cynthia F Gilbride Director | 1 | $0 | |
James E Huffman Director | 1 | $0 | |
Gloria W Vest Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,039 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $29 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $23,475 |
| Other Revenue | $0 |
| Total Revenue | $79,543 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $66,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $198,846 |
| Other assets | $0 |
| Total assets | $198,846 |
| Total liabilities | $0 |
| Net assets or fund balances | $198,846 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vmdaec Education Scholarship Foundation has recieved totaling $79.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
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|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |