CENTRAL VIRGINIA GOVERNOR'S SCHOOL FOUNDATION

EIN: 541441933 501(c)(3)

LYNCHBURG, VA

Total Revenue
$320,088
Total Expenses
$133,869
Total Assets
$4,867,398
Net Assets
$4,867,398
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
VA
Principal Officer
STEPHEN C SMITH
Phone
4345155480
Tax Period
2023-07-01 to 2024-06-30

CENTRAL VIRGINIA GOVERNOR'S SCHOOL FOUNDATION, founded in 1987, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 94% operating margin.

Mission

THE GOVERNOR'S SCHOOL FOUNDATION IS A NON-PROFIT CORPORATION ESTABLISHED TO CHANNEL FUNDS FROM PRIVATE SOURCES TO ENHANCE THE EDUCATIONAL PROGRAM PROVIDED FOR STUDENTS BY THE CENTRAL VIRGINIA GOVERNOR'S SCHOOL FOR SCIENCE AND TECHNOLOGY.

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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 $57,354
Program Service Revenue $0
Investment Income $262,734
Other Revenue $0
TOTAL REVENUE $320,088

Expense Breakdown

Grants Paid $112,000
Salaries & Benefits $0
Fundraising Expenses $125
Program Expenses $128,957
Other Expenses $21,869
TOTAL EXPENSES $133,869

Year-over-Year Comparison

2023 2022 Change
Revenue $320,088 $206,504 +0.6%
Expenses $133,869 $148,293 -0.1%
Net Income $186,219 $58,211 +2.2%
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
10
Independent Members
9
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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN BRITTON DIRECTOR 0.30
Director
$0 $0 $0
STEPHEN TIBBS DIRECTOR 0.30
Director
$0 $0 $0
BOB DENDY DIRECTOR 0.30
Director
$0 $0 $0
JOSH GROHS DIRECTOR 0.30
Director
$0 $0 $0
JOE MARRACCINI DIRECTOR 0.30
Director
$0 $0 $0
LAURA HAMILTON DIRECTOR 0.30
Director
$0 $0 $0
LIBBY JEFFERSON DIRECTOR 0.30
Director
$0 $0 $0
KEVIN LAYMAN DIRECTOR 0.30
Director
$0 $0 $0
MICHAEL SLOAN DIRECTOR 0.30
Director
$0 $0 $0
KRISTIE MORFORD DIRECTOR 0.30
Director
$0 $0 $0
MARC ORDOWER DIRECTOR 0.30
Director
$0 $0 $0
SHERRI SACKETT DIRECTOR 0.30
Director
$0 $0 $0
KARIN WARREN DIRECTOR 0.30
Director
$0 $0 $0
STEPHEN SMITH PRESIDENT & CEO 1.00
Officer
$0 $0 $0
MICHAEL WEBB VICE PRESIDENT 0.30
Officer
$0 $0 $0
BETH BANKSTON TREASURER 0.30
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
2025 No data No data No data No data
2024 $320,088 $133,869 $4,867,398 $186,219
2023 $206,504 $148,293 $4,308,687 $58,211
2022 $420,195 $148,878 $3,962,418 $271,317
2021 $409,886 $147,806 $4,745,298 $262,080
2020 $168,627 $135,835 $3,776,798 $32,792
2019 $1,214,976 $69,547 $3,708,846 $1,145,429
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