HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL

EIN: 541491547 501(c)(3)

RICHMOND, VA

Total Revenue
$5,198
Total Expenses
$15,761
Total Assets
$329,179
Net Assets
$329,179
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VA
Principal Officer
CRAIG TOALSON
Phone
8046432797
Tax Period
2022-01-01 to 2022-12-31

HOME BUILDERS ASSOCIATION OF VIRGINIA EDUCATIONAL, founded in 1989, is a micro nonprofit that reported $17K in total revenue in fiscal year 2018. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 44% operating margin.

Mission

THE PRIMARY OBJECTIVE OF THE HBAV EDUCATION FOUNDATION SHALL BE TO ADVANCE BUILDING INDUSTRY EDUCATION OPPORTUNITIES AND LABOR FORCE IN VIRGINIA. THE ORGANIZATION WILL WORK WITH LOCAL HBA'S, SCHOOL SYSTEMS IN VIRGINIA, COMMUNITY COLLEGES, UNIVERSITIES, AND OTHER SIMILAR INSTITUTIONS OF LEARNING BY PROVIDING GRANT FUNDING THAT WOULD WORK TOWARDS THE FOUNDATION'S OBJECTIVES. THE HBAV EDUCATION FOUNDATION MAY HOLD EDUCATIONAL SEMINARS THAT ALIGN WITH THE PRIMARY OBJECTIVE.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5,198
Other Revenue $0
TOTAL REVENUE $5,198

Expense Breakdown

Grants Paid $12,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,250
Other Expenses $3,511
TOTAL EXPENSES $15,761

Year-over-Year Comparison

2022 2021 Change
Revenue $5,198 $20,133 -0.7%
Expenses $15,761 $30,743 -0.5%
Net Income $-10,563 $-10,610 0.0%
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
15
Independent Members
13
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
$209,727
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG TOALSON SECRETARY/TR 4.00
Officer
$0 $27,108 $209,727
JOHN AINSLIE HBAV PRESIDE 1.00
Officer Director
$0 $0 $0
SEAN BELIVEAU TRUSTEE 1.00
Director
$0 $0 $0
BRIAN DAVIDSON TRUSTEE 1.00
Director
$0 $0 $0
JEH HICKS TRUSTEE 1.00
Director
$0 $0 $0
SCOTT HINE CHAIRMAN 1.00
Officer Director
$0 $0 $0
KEVIN MCNULTY TRUSTEE 1.00
Director
$0 $0 $0
BRIAN MCLELLON TRUSTEE 1.00
Director
$0 $0 $0
JODI MILLS TRUSTEE 1.00
Director
$0 $0 $0
LARRY MURPHY TRUSTEE 1.00
Director
$0 $0 $0
MIKE SANDKUHLER TRUSTEE 1.00
Director
$0 $0 $0
ALICIA COX SKOUG TRUSTEE 1.00
Director
$0 $0 $0
ALICIA SMITH TRUSTEE 1.00
Director
$0 $0 $0
ZACK SNELL TRUSTEE 1.00
Director
$0 $0 $0
NATHAN TRICE TRUSTEE 1.00
Director
$0 $0 $0
SCOTT WILLIAMS TRUSTEE 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
2022 $5,198 $15,761 $329,179 $-10,563
2021 $20,133 $30,743 $416,082 $-10,610
2020 $23,810 $4,361 $378,136 $19,449
2019 $16,583 $9,278 $264,439 $7,305
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