West Virginia Education Association
- Assets
- $2.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Charleston, WV
- Founding
- 05/1976
- Data as of
- 08/2023
- EIN
- 55-0334400
Organization Overview
West Virginia Education Association is located in Charleston, WV. The organization was established in 1976. 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 08/2023, West Virginia Education Association employed 18 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. West Virginia Education 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 08/2023, West Virginia Education Association generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.1m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE FOR EDUCATION EMPLOYEES AND TO UNITE OUR PROFESSION TO ACHIEVE THE STATE'S PROMISE OF A HIGH QUALITY PUBLIC EDUCATION FOR ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAMMING IS RELATED TO INFORMATION SERVICES AND ASSISTANCE TO MEMBER TEACHERS THROUGH TRAINING, CONFERENCES, LEGAL DEFENSE AND LEGISLATIVE REPRESENTATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kym Randolph Executive Director | OfficerTrustee | 40 | $92,569 |
Dale Lee President | OfficerTrustee | 40 | $102,890 |
Wayne Spangler Vice President | OfficerTrustee | 5 | $0 |
Amber Mccoy Treasurer | OfficerTrustee | 5 | $0 |
Lucinda Burns Nea Director | OfficerTrustee | 5 | $0 |
Adena Barnette-Miller Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $771,910 |
| 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 | $771,910 |
| Total Program Service Revenue | $1,530,214 |
| Investment income | $60,553 |
| 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 | $2,372,102 |
| 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. | $253,088 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,109,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,446 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,945 |
| Advertising and promotion | $58,035 |
| Office expenses | $53,263 |
| Information technology | $36,289 |
| Royalties | $0 |
| Occupancy | $12,156 |
| Travel | $175,034 |
| 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 | $25,916 |
| Insurance | $27,457 |
| All other expenses | $23,855 |
| Total functional expenses | $2,117,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,598,187 |
| Savings and temporary cash investments | $525,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,645 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $206,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,458,337 |
| Accounts payable and accrued expenses | $267,883 |
| Grants payable | $0 |
| Deferred revenue | $122,861 |
| 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 | $260,085 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $650,829 |
| Net assets without donor restrictions | $1,807,508 |
| 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 | $2,458,337 |