Virginia Economic Developers Association

Organization Overview

Virginia Economic Developers Association is located in Virginia Beach, VA. The organization was established in 1984. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Economic Developers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2023, Virginia Economic Developers Association generated $789.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $762.2k during the year ending 12/2023. While expenses have increased by 12.8% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SHAPES ECONOMIC DEVELOPMENT PUBLIC POLICY AND A PRIMARY SOURCE OF STRONG AND EFFECTIVE EDUCATION AND NETWORKING FOR ECONOMIC DEVELOPMENT PROFESSIONALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONFERENCES, SEMINARS, AND TRAINING PROGRAMS PROVIDED TO MEMBERS FOR THE PURPOSE OF INCREASING THE EFFECTIVENESS OF ECONOMIC DEVELOPERS


SCHOLARSHIPS TO THE ECONOMIC DEVELOPMENT INSTITUTE COVERING COSTS OF TUITION AND BOOKS


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Board, Officers & Key Employees

Name (title)Compensation
Gizelle Curtis
Director
$0
Jenna French
Director
$0
Jamie Gillespie
Director
$0
Linda Green
Vice Preside
$0
H Garrett Hart
Secretary
$0
Gregory Hitchin
Treasurer
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$782,372
Investment income $480
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $6,720
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $789,572

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