Vmdaec Education Scholarship Foundation
- Assets
- $331.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Allen, VA
- Founding
- 11/2003
- Data as of
- 12/2023
- 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 12/2023, Vmdaec Education Scholarship Foundation generated $147.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $77.2k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 5 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 FOUNDATION AWARDED 72 SCHOLARSHIPS TO YOUTH FROM ELECTRIC COOPERATIVE SERVICE TERRITORIES ACROSS THE RURAL MID-ATLANTIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell G Brown Chair | 1 | $0 | |
C Michael Sandridge Vice Chair | 1 | $0 | |
Brian S Mosier Secretary/treasurer | 1 | $0 | |
Linda R Gray Director | 1 | $0 | |
Bill Orndoff Jr Director | 1 | $0 | |
Cynthia F Gilbride Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,967 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $458 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $29,865 |
| Other Revenue | $456 |
| Total Revenue | $147,746 |
| 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 | $709 |
| Total expenses | $77,209 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $330,969 |
| Other assets | $0 |
| Total assets | $330,969 |
| Total liabilities | $0 |
| Net assets or fund balances | $330,969 |