Virginia Beach Education Assoc
- Assets
- $184.5k
- Revenue
- $187.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Virginia Beach, VA
- Founding
- 09/1978
- Data as of
- 07/2024
- EIN
- 54-0884259
Organization Overview
Virginia Beach Education Assoc is located in Virginia Beach, VA. The organization was established in 1978. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 07/2024, Virginia Beach Education Assoc employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Virginia Beach Education Assoc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 07/2024, Virginia Beach Education Assoc generated $187.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $187.1k during the year ending 07/2024. While expenses have increased by 2.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EXCELLANCE AMONG EDUCATORS, AN ADOCATE FOR TEACHERS IN EDUCATIONAL AND GOVERNMENTAL ISSUES, WORK FOR OVERALL IN ADVANCEMENT IN PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
VBEA IS A PROFESSIONAL ORGANIZATION THAT REPRESENTS TEACHERS IN VIRGINIA BEACH, VA TO ADVOCATE FOR EDUCATION PROFESSIONALS TO FULFILL. THE PROMOSIE TO PROVIDE TO PREPARE EVERY STUDENT TO SUCCEED IN A DIVERSE WORLD, TO CONTINUE A WORKING PARTNERSHIP WITH PARENTS, STUDENTS AND TEACHERS TO PROVIDE QUALITY PUBLIC EDCATION AND STUDENT SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Slinde Past President | OfficerTrustee | 50 | $69,221 |
Heather Sipe President | OfficerTrustee | 50 | $15,620 |
Andrea Eisenberger Vice President | OfficerTrustee | 10 | $0 |
Mary Beth Guzman Treasurer | OfficerTrustee | 15 | $0 |
Sharon Babbs Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $175,439 |
| Fundraising events | $0 |
| Related organizations | $5,527 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,966 |
| Total Program Service Revenue | $0 |
| Investment income | $2,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,174 |
| 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 | $187,484 |
| 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. | $84,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,826 |
| Pension plan accruals and contributions | $11,990 |
| Other employee benefits | $0 |
| Payroll taxes | $8,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,405 |
| 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 | $578 |
| Information technology | $2,719 |
| Royalties | $0 |
| Occupancy | $16,916 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,110 |
| Insurance | $0 |
| All other expenses | $2,115 |
| Total functional expenses | $187,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,018 |
| Savings and temporary cash investments | $108,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $67,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $184,519 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,576 |
| Total liabilities | $6,576 |
| Net assets without donor restrictions | $0 |
| 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 | $177,943 |
| Total liabilities and net assets/fund balances | $184,519 |