Virginia National Guard Management Group Inc
- Assets
- $16.1k
- Revenue
- $141.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 11/2017
- Data as of
- 12/2022
- EIN
- 61-1832208
Organization Overview
Virginia National Guard Management Group Inc, operating under the name Virginia National Guard Management, is located in Richmond, VA. The organization was established in 2017. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia National Guard Management 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 12/2022, Virginia National Guard Management generated $141.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $165.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VIRGINIA NATIONAL GUARD MANAGEMENT GROUP, INC. ("VNG MG") IS A NON- STOCK, NON-PROFIT CORPORATION FOR THE PURPOSE OF PROVIDING, ADMINISTERING AND COORDINATING BOTH CHARITABLE AND EDUCATIONAL SERVICES AND PROGRAMS FOR CURRENT, PAST AND RETIRED MEMBERS OF THE VIRGINIA NATIONAL GUARD. IT DOES NOT ENGAGE IN LOBBYING. IT MAY HOWEVER MONITOR LEGISLATION AT THE FEDERAL AND VIRGINIA LEVEL SO AS TO MAKE SUPPORTING MEMBERS AWARE OF NEW OR CHANGES IN LAWS OF DIRECT INTEREST AND IMPACT ON THOSE SERVING OR HAVING SERVED IN THE VIRGINIA NATIONAL GUARD, ESPECIALLY AS RELATED TO EDUCATIONAL AND SUPPORT PURPOSES. THE VNG MG COORDINATES ADMINISTRATIVE AND PROGRAMMING FOR CHARITABLE AND EDUCATIONAL ACTIVITIES OF ITS MEMBER ORGANIZATIONS (ALL TAX-EXEMPT) WHICH INCLUDE THE VIRGINIA NATIONAL GUARD ASSOCIATION (51-0207671), VIRGINIA ARMY AIR FORCE NATIONAL GUARD ENLISTED ASSOCIATION (54-1145579), AND THE VIRGINIA NATIONAL GUARD HISTORICAL FOUNDATION (27-4211747). THE VNG MG COORDINATES THE EFFORTS OF THE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PROGRAMMING, EVENT MANAGEMENT AND ADMINISTRATION TO SUPPORTED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Taylor Chairman | OfficerTrustee | 4 | $0 |
Charles B Faulconer Jr Secretary | Trustee | 4 | $0 |
Clifton White Treasurer | OfficerTrustee | 4 | $0 |
Alexander F Barnes Member At La | Trustee | 2 | $0 |
Todd Combee Member At La | Trustee | 2 | $0 |
Ronald Emerson Member At La | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $71,305 |
| 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 | $71,305 |
| Total Program Service Revenue | $70,548 |
| Investment income | $0 |
| 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 | $141,853 |
| 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. | $22,300 |
| Compensation of current officers, directors, key employees. | $7,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,968 |
| 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 | $2,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,009 |
| Interest | $0 |
| Payments to affiliates | $15,908 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$2 |
| Total functional expenses | $165,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,116 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,116 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $16,116 |
| Total liabilities and net assets/fund balances | $16,116 |