Bassett Virginia Band Boosters Inc

EIN: 821396130 501(c)(3) Education

Bassett, VA

Total Revenue
$192,468
Total Expenses
$203,913
Total Assets
$61,558
Net Assets
$61,558
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
Stephanie Wray
Phone
2767327749
Tax Period
2023-07-01 to 2024-06-30

Bassett Virginia Band Boosters Inc, founded in 2013, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2016. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

The boosters shall provide fundraising and other support methods to fully fund the Bassett High School Band and Music programs.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $82,435
Program Service Revenue $30,131
Investment Income $2,700
Other Revenue $77,202
TOTAL REVENUE $192,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $35,766
Fundraising Expenses $0
Program Expenses $196,030
Other Expenses $168,147
TOTAL EXPENSES $203,913

Year-over-Year Comparison

2023 2022 Change
Revenue $192,468 $212,766 -0.1%
Expenses $203,913 $166,892 +0.2%
Net Income $-11,445 $45,874 -1.2%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Wray President 4
Officer
$0 $0 $0
JILL FREDERICHS Secretary 4
Officer
$0 $0 $0
Stephanie Wray Treasurer 4
Officer
$0 $0 $0
Letrevia Mcdonald Vice President 4
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 $192,468 $203,913 $61,558 $-11,445
2023 $212,766 $166,892 $115,943 $45,874
2018 $201,470 $194,618 $25,194 $6,852
2017 $244,894 $253,064 $2,808 $-8,170
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