VIRGINIA BEACH PUBLIC SCHOOLS EDUCATION FOUNDATION AND SUBSIDIARY

EIN: 541637620 501(c)(3) Education

VIRGINIA BEACH, VA

Total Revenue
$720,861
Total Expenses
$582,031
Total Assets
$3,356,414
Net Assets
$3,261,380
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
VA
Principal Officer
WILL MORALES
Phone
7572631069
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA BEACH PUBLIC SCHOOLS EDUCATION FOUNDATION AND SUBSIDIARY, founded in 1991, is a small nonprofit in the Education sector that reported $721K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $139K, a strong 19% operating margin.

Mission

TO MAKE A DIFFERENCE IN THE EPUBLIC SCHOOLS OF VIRGINIA BEACH BY RAISING PRIVATE SECTOR SUPPORT TO FUND INNOVATIVE AND CREATIVE LEARNING PROGRAMS AND TO REWARD EDUCATIONAL EXELLENCE USING GRANTS TO HELP SUPPORT PILOT PROGRAMS RUN BY THE SCHOOL SYSTEM EDUCATORS.

Program Service Accomplishments

Program 1
Expenses: $299,108

EDUCATIONAL PROGRAMS - THE FOUNDATION AWARDED 69 GRANTS FOR INOVATIVE PROJECTS IN THE CURRENT YEAR. THE GRANTS WERE AWARDED TO SCHOOLS FOR PROJECTS THAT TEACHERS HAVE DESIGNED TO ENHANCE STUDENT...

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EDUCATIONAL PROGRAMS - THE FOUNDATION AWARDED 69 GRANTS FOR INOVATIVE PROJECTS IN THE CURRENT YEAR. THE GRANTS WERE AWARDED TO SCHOOLS FOR PROJECTS THAT TEACHERS HAVE DESIGNED TO ENHANCE STUDENT ACHIEVEMENT. GRANTS ARE AWARDED UP TO 20,000 EACH. 5 TEACHER OF THE YEAR AWARDS WERE ALSO GRANTED IN THE CURRENT YEAR.

Program 2
Expenses: $23,200

SCHOLARSHIPS - THE VIRGINIA BEACH EDUCATION FOUNDATION (VBEF) MANGES RESTRICTED FUNDS FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO GRADUATING SENIORS IN VIRGINIA BEACH CITY PUBLIC SCHOOLS (VBCPS). IN...

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SCHOLARSHIPS - THE VIRGINIA BEACH EDUCATION FOUNDATION (VBEF) MANGES RESTRICTED FUNDS FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO GRADUATING SENIORS IN VIRGINIA BEACH CITY PUBLIC SCHOOLS (VBCPS). IN THE CURRENT YEAR 10 SCHOLARSHIPS WERE AWARDED.

Program 3
Expenses: $217,411

STUDENT SUPPORT - THE BEACH BAGS PROGRAM, WHICH PROVIDEDS SHELF-STABLE FOOD TO VIRGINIA BEACH PUBLIC SCHOOL STUDENTS IN NEED OF FOOD DURING WEEKENDS AND HOLIDAYS, IS A PROGRAM FOR WHICH FUNDS ARE...

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STUDENT SUPPORT - THE BEACH BAGS PROGRAM, WHICH PROVIDEDS SHELF-STABLE FOOD TO VIRGINIA BEACH PUBLIC SCHOOL STUDENTS IN NEED OF FOOD DURING WEEKENDS AND HOLIDAYS, IS A PROGRAM FOR WHICH FUNDS ARE RESTRICTED THROUGH THE FOUNDATION. MY FRIEND'S CLOSET PROVIDES CLOTHING TO VIRGINIA BEACH PUBLIC SCHOOL STUDENTS IN NEED. BACK TO SCHOOL CARE ITEMS ARE ALSO PROVIDED TO STUDENTS. ADDITIONAL RESTRICTED FUNDING DESIGNATED BY DONORS MAY ALSO BE MADE TO BENEFIT VIRGINIA BEACH STUDENTS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $606,312
Program Service Revenue $0
Investment Income $110,733
Other Revenue $3,816
TOTAL REVENUE $720,861

Expense Breakdown

Grants Paid $234,012
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $539,719
Other Expenses $348,019
TOTAL EXPENSES $582,031

Year-over-Year Comparison

2024 2023 Change
Revenue $720,861 $630,169 +0.1%
Expenses $582,031 $721,834 -0.2%
Net Income $138,830 $-91,665 -2.5%
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
19
Independent Members
19
Employees
N/A
Volunteers
60

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
$103,552
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE HUGHES COORDINATOR 40.00
Officer
$0 $0 $103,552
WILL MORALES PRESIDENT 2.00
Officer Director
$0 $0 $0
MONICA CURRY PRESIDENT EL 2.00
Officer Director
$0 $0 $0
SKIP TEMPLETON TREASURER 2.00
Officer Director
$0 $0 $0
AMY MALLINSON SECRETARY 2.00
Officer Director
$0 $0 $0
KEVIN HILL PAST PRESIDE 2.00
Officer Director
$0 $0 $0
JON ABRAHAMS DIRECTOR 0.10
Director
$0 $0 $0
MORGAN ALBISTON DIRECTOR 0.10
Director
$0 $0 $0
TONY ARNOLD DIRECTOR 0.10
Director
$0 $0 $0
JUSTIN BALLARD DIRECTOR 0.10
Director
$0 $0 $0
TOM BARRINGER DIRECTOR 0.10
Director
$0 $0 $0
ROB BERZ DIRECTOR 0.10
Director
$0 $0 $0
DANIEL EDWARDS DIRECTOR 0.10
Director
$0 $0 $0
SHEILA MAGULA DIRECTOR 0.10
Director
$0 $0 $0
DEBBIE NADIRAN DIRECTOR 0.10
Director
$0 $0 $0
ROBYN NISS DIRECTOR 0.10
Director
$0 $0 $0
JAMIE KANE TRUSTEE/DIRE N/A
Director
$0 $0 $0
KELLEE COLE TRUSTEE/DIRE N/A
Director
$0 $0 $0
MELODY BALLON TRUSTEE/DIRE N/A
Director
$0 $0 $0
SHREY TRIVEDI TRUSTE/DIREC N/A
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 $720,861 $582,031 $3,356,414 $138,830
2024 $630,169 $721,834 $3,011,823 $-91,665
2023 $594,620 $736,796 $2,952,483 $-142,176
2022 $475,885 $347,473 $2,932,876 $128,412
2021 $380,214 $259,140 $3,162,475 $121,074
2020 $541,128 $305,091 $2,909,579 $236,037
2019 $381,819 $237,153 $2,951,892 $144,666
2018 $424,733 $256,224 $2,659,041 $168,509
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