VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)

EIN: 541473133

HENRICO, VA

Total Revenue
$219,522
Total Expenses
$228,893
Total Assets
$62,483
Net Assets
$59,408
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
VA
Principal Officer
CHRISTOPHER B SAXMAN
Phone
5402940680
Tax Period
2025-01-01 to 2025-12-31

VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE), founded in 1988, is a small nonprofit that reported $220K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year.

Mission

VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION IS AN INDEPENDENT ASSOCIATION COMMITTED TO PROTECTING AND STRENGTHENING VIRGINIA'S PROSPEROUS BUSINESS ENVIRONMENT THROUGH THE POLITICAL PROCESS. FOUNDED IN 1988, VIRGINA FREE PROVIDES A WEALTH OF OBJECTIVE, NON-PARTISAN INFORMATION TO BUSINESS. OUR INFORMATION, SERVICES AND PROGRAMS FOSTER A BUSINESS COMMUNITY PREPARED TO TAKE THE LEAD IN ELECTING LEGISLATORS WHO ADVANCE FREE ENTERPRISE AND RESPONSIBLE, PRO-BUSINESS GOVERNMENT.

Program Service Accomplishments

Program 1

RESEARCH AND ANALYZE VOTING RECORDS OF VIRGINIA GENERAL ASSEMBLY ON ISSUES OF IMPORTANCE TO ECONOMIC DEVELOPMENT, JOB CREATION, VIRGINIA'S BUSINESS CLIMATE AND CITIZEN'S PROSPERITY. RESEARCH REPORT...

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RESEARCH AND ANALYZE VOTING RECORDS OF VIRGINIA GENERAL ASSEMBLY ON ISSUES OF IMPORTANCE TO ECONOMIC DEVELOPMENT, JOB CREATION, VIRGINIA'S BUSINESS CLIMATE AND CITIZEN'S PROSPERITY. RESEARCH REPORT PUBLISHED AND DISTRIBUTED TO 5,000 INDIVIDUALS, CORPORATIONS, AND TRADE ASSOCIATIONS TO ASSIST IN EVALUATION OF LEGISLATIVE ISSUES AND FUTURE CONCERNS FOR BUSINESS AND INDUSTRY.

Program 2

RESEARCH AND ANALYZE ALL 140 LEGISLATIVE DISTRICTS AND 11 CONGRESSIONAL DISTRICTS IN VIRGINIA INCLUDING DEMOGRAPHIC STATISTICS PROVIDED BY THE U.S. CENSUS BUREAU, ACTUAL ELECTION RETURNS BY DISTRICT...

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RESEARCH AND ANALYZE ALL 140 LEGISLATIVE DISTRICTS AND 11 CONGRESSIONAL DISTRICTS IN VIRGINIA INCLUDING DEMOGRAPHIC STATISTICS PROVIDED BY THE U.S. CENSUS BUREAU, ACTUAL ELECTION RETURNS BY DISTRICT OVER A 10-YEAR PERIOD, ECONOMIC AND EMPLOYMENT STATISTICS, AND POPULATION VARIABLES. RESULTING REPORTS PRESENT SCIENTIFIC ANALYSES OF VIRGINIA'S POLITICAL JURISDICTIONS TO PINPOINT OPPORTUNITIES FOR ECONOMIC GROWTH AND DEVELOPMENT AS WELL AS AN ASSESSMENT OF THE RELATIVE POLITICAL STRENGTH OF BUSINESS AND INDUSTRY AND FREE-ENTERPRISE ORIENTED CANDIDATES.

Program 3

CONDUCT MULTIPLE LEADERSHIP FORUMS FOR MORE THAN 1,000 TOP LEADERS IN BUSINESS, INDUSTRY, GOVERNMENT, COMMUNITY AFFAIRS, EDUCATION AND POLITICS THROUGHOUT VIRGINIA. THESE EVENTS OFFER UNIQUE...

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CONDUCT MULTIPLE LEADERSHIP FORUMS FOR MORE THAN 1,000 TOP LEADERS IN BUSINESS, INDUSTRY, GOVERNMENT, COMMUNITY AFFAIRS, EDUCATION AND POLITICS THROUGHOUT VIRGINIA. THESE EVENTS OFFER UNIQUE OPPORTUNITIES FOR THE EXCHANGE OF IMPORTANT IDEAS, OBJECTIVES AND POLICY INITIATIVES WITH THE GOAL OF ENHANCING VIRGINIA'S ECONOMIC VITALITY, BUSINESS PROSPERITY AND RESPONSIBLE GOVERNMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $154,553
Program Service Revenue $13,639
Investment Income $21,330
Other Revenue $30,000
TOTAL REVENUE $219,522

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $146,649
Fundraising Expenses $0
Other Expenses $81,244
TOTAL EXPENSES $228,893

Year-over-Year Comparison

2025 2024 Change
Revenue $219,522 $258,036 -0.1%
Expenses $228,893 $249,430 -0.1%
Net Income $-9,371 $8,606 -2.1%
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
26
Independent Members
25
Employees
1
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
6
$135,000
Total Directors
26
$135,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY ADAMS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER B SAXMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$135,000 $0 $135,000
BENJAMIN DESSART DIRECTOR 1.00
Director
$0 $0 $0
BERT DOBSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN MORGAN CHAIR 1.00
Officer Director
$0 $0 $0
LAURA NOVEY DIRECTOR 1.00
Director
$0 $0 $0
TODD HAYMORE DIRECTOR 1.00
Director
$0 $0 $0
DORCAS HELFANT-BROWNING DIRECTOR 1.00
Director
$0 $0 $0
BRUCE JENNINGS DIRECTOR 1.00
Director
$0 $0 $0
MARTIN KENT DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH KERSEY DIRECTOR 1.00
Director
$0 $0 $0
MARK LAWRENCE DIRECTOR 1.00
Director
$0 $0 $0
ESTHER LEE DIRECTOR 1.00
Director
$0 $0 $0
SHEP MILLER DIRECTOR 1.00
Director
$0 $0 $0
TOM MINNICK SECRETARY 2.00
Officer Director
$0 $0 $0
CRAIG PARISOT PAST CHAIR 2.00
Officer Director
$0 $0 $0
BRYAN STEPHENS DIRECTOR 1.00
Director
$0 $0 $0
GARY THOMSON TREASURER 2.00
Officer Director
$0 $0 $0
DANNY VARGAS DIRECTOR 1.00
Director
$0 $0 $0
BLUE JENKINS DIRECTOR 1.00
Director
$0 $0 $0
TODD STOTTLEMYER DIRECTOR 1.00
Director
$0 $0 $0
LARRY ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW STEILBERG DIRECTOR 1.00
Director
$0 $0 $0
SUSAN GASTON DIRECTOR 1.00
Director
$0 $0 $0
PAUL LAWRENCE DIRECTOR 1.00
Director
$0 $0 $0
NICOLE BARRANCO DIRECTOR 1.00
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
2025 $219,522 $228,893 $62,483 $-9,371
2024 No data No data No data No data
2023 $246,768 $246,117 $73,946 $651
2022 $225,826 $245,801 $67,597 $-19,975
2021 $246,721 $224,323 $95,717 $22,398
2019 $211,541 $270,258 $93,960 $-58,717
2018 $227,384 $164,303 $144,019 $63,081
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