VIRGINIA ADVANCED STUDY STRATEGIES INC DBA VIRGINIA ED STRATEGIES

EIN: 260632787 501(c)(3) Education

SOUTH BOSTON, VA

Total Revenue
$2,576,012
Total Expenses
$2,336,933
Total Assets
$897,237
Net Assets
$602,302
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
VA
Principal Officer
JENNIFER STEVENS
Phone
4345725447
Tax Period
2024-01-01 to 2024-12-31

VIRGINIA ADVANCED STUDY STRATEGIES INC, founded in 2007, is a small nonprofit in the Education sector that reported $786K in total revenue in fiscal year 2019. Expenses of $877K exceeded revenue, resulting in a 12% operating deficit.

Mission

VASS HELPS PREPARE TOMORROW'S WORKFORCE BY SHIFTING THE FOCUS OF K12 PUBLIC EDUCATION FROM MEETING MINIMUM COMPETENCIES TO A CULTURE OF ADVANCED ACADEMICS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,274,097
Program Service Revenue $301,851
Investment Income $64
Other Revenue $0
TOTAL REVENUE $2,576,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,938,568
Other Expenses $2,336,933
TOTAL EXPENSES $2,336,933

Year-over-Year Comparison

2024 2023 Change
Revenue $2,576,012 $1,829,806 +0.4%
Expenses $2,336,933 $1,616,259 +0.4%
Net Income $239,079 $213,547 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY WEBB VICE CHAIR 0.00
Officer Director
$0 $0 $0
ALICIA UZZLE TREASURER 0.00
Officer Director
$0 $0 $0
THOMAS BREWSTER CHAIR 0.00
Officer Director
$0 $0 $0
MICHAEL BOLLING SECRETARY 0.00
Officer Director
$0 $0 $0
ANDY GAIL DIRECTOR 0.00
Director
$0 $0 $0
KEITH PERRIGAN DIRECTOR 0.00
Director
$0 $0 $0
GENA KELLER DIRECTOR 0.00
Director
$0 $0 $0
ALLISON MAYS DIRECTOR 0.00
Director
$0 $0 $0
ANTOINETTE JENKINS DIRECTOR 0.00
Director
$0 $0 $0
DEBORAH JONAS DIRECTOR 0.00
Director
$0 $0 $0
NATHANIEL MARSHALL DIRECTOR 0.00
Director
$0 $0 $0
MATTHEW KELLAM DIRECTOR 0.00
Director
$0 $0 $0
JEREMY SATTERFIELD DIRECTOR 0.00
Director
$0 $0 $0
KRISTIE PROCTOR DIRECTOR 0.00
Director
$0 $0 $0
BETH RHINEHART DIRECTOR 0.00
Director
$0 $0 $0
ZUZANA STEEN DIRECTOR 0.00
Director
$0 $0 $0
LEAH WILLIAMS-RUMBLEY DIRECTOR 0.00
Director
$0 $0 $0
JENNIFER STEVENS PRESIDENT/CHIEF EXEC OFFIC 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,576,012 $2,336,933 $897,237 $239,079
2023 $1,829,806 $1,616,259 $574,011 $213,547
2023 $1,829,806 $1,616,259 $574,011 $213,547
2022 $1,235,993 $1,344,385 $295,713 $-108,392
2021 $438,688 $395,424 $383,937 $43,264
2021 $871,084 $823,987 $368,883 $47,097
2020 $786,355 $877,152 $266,679 $-90,797
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