VIRGINIA PROPANE RESEARCH & EDUCATIONAL FOUNDATION

EIN: 541942419 Community Improvement

RICHMOND, VA

Total Revenue
$343,868
Total Expenses
$343,868
Total Assets
$169,999
Net Assets
$-2,286
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
VA
Principal Officer
TAYLOR SUTTON
Phone
8047266015
Tax Period
2023-01-01 to 2023-12-31

VIRGINIA PROPANE RESEARCH & EDUCATION FOUNDATION, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $325K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year.

Mission

VIRGINIA PROPANE RESEARCH & EDUCATIONAL FOUNDATION IS A NONPROFIT FOUNDATION WHOSE MAIN PURPOSE IS TO DEVELOP EDUCATIONAL,RESEARCH, AND MARKETING PROGRAMS TO PROMOTE THE PROPANE GAS INDUSTRY IN THE STATE OF VIRGINIA. THE OBJECTIVES OF THE FOUNDATION SHALL BE TO PERFORM THE FOLLOWING: EDUCATE TO PROVIDE INFORMATION ON PROPANE, PROPANE USE EQUIPMENT, MECHANICAL AND TECHNICAL PRACTICES AND PROPANE USES TO CONSUMERS, INDUSTRY EMPLOYEES AND THE PUBLIC IN GENERAL; DEVELOP PROPANE MARKETING WHICH PRESENTS POSITIVE INFORMATION ABOUT PROPANE TO THE PUBLIC INCLUDING PAID PROMOTIONAL ADVERTISING; CONDUCT RESEARCH OR ANY TYPE OF STUDY, INVESTIGATION OR OTHER ACTIVITY DESIGNED TO ADVANCE THE IMAGE, DESIRABILITY, USAGE, MARKETABILITY, EFFICIENCY, AND SAFETY OF PROPANE AND PROPANE USE EQUIPMENT AND TO FURTHER THE DEVELOPMENT OF SUCH INFORMATION AND PRODUCTS; AND COLLECT FUNDS AND ADMINISTER SCHOLARSHIPS WHICH FOSTER INCREASED EDUCATION.

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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 $0
Program Service Revenue $343,868
Investment Income $0
Other Revenue $0
TOTAL REVENUE $343,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $343,868
TOTAL EXPENSES $343,868

Year-over-Year Comparison

2023 2022 Change
Revenue $343,868 $198,756 +0.7%
Expenses $343,868 $198,756 +0.7%
Net Income $0 N/A N/A
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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Governance

Voting Members
5
Independent Members
5
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAYLOR SUTTON PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMISON WALKER TREASURER 1.00
Officer Director
$0 $0 $0
STEPHANIE RICHARDS SECRETARY 1.00
Officer Director
$0 $0 $0
TIM CARLSON DIRECTOR 0.50
Director
$0 $0 $0
MIKE WILLIAMS DIRECTOR 0.50
Director
$0 $0 $0
ZACH EISENMAN EXECUTIVE DI 2.00
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
2024 No data No data No data No data
2023 $343,868 $343,868 $169,999 No data
2022 $198,756 $198,756 $90,235 No data
2021 $340,083 $339,852 $110,192 $231
2020 $208,906 $212,726 $254,955 $-3,820
2019 $310,763 $283,948 $139,727 $26,815
2018 $324,932 $330,496 $100,070 $-5,564
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