VIRGINIA CHARITABLE BINGO ASSOCIATION

EIN: 264580812 Community Improvement

RICHMOND, VA

Total Revenue
$66,100
Total Expenses
$130,334
Total Assets
$12
Net Assets
$12
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
VA
Principal Officer
CHARLES LESSIN
Phone
8042322589
Tax Period
2023-01-01 to 2023-12-31

VIRGINIA CHARITABLE BINGO ASSOCIATION, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $272K in total revenue in fiscal year 2022. The organization ran a surplus of $63K, a strong 23% operating margin.

Mission

TO PROMOTE HIGHER BUSINESS STANDARDS AND BETTER BUSINESS METHODS, TO ENCOURAGE UNIFORMITY AND COOPERATION AMONG CHARITABLE BINGO OPERATORS, AND TO EDUCATE REGARDING ISSUES RELATED TO CHARITABLE BINGO.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $66,100
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $66,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $128,314
Other Expenses $130,334
TOTAL EXPENSES $130,334

Year-over-Year Comparison

2023 2022 Change
Revenue $66,100 $272,000 -0.8%
Expenses $130,334 $208,697 -0.4%
Net Income $-64,234 $63,303 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES LESSIN CHAIRMAN 5.00
Officer Director
$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 No data No data No data No data
2023 $66,100 $130,334 $12 $-64,234
2022 $272,000 $208,697 $64,246 $63,303
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