NVSBC EDUCATION FOUNDATION INC

EIN: 834561485 501(c)(3) Education

MINERAL, VA

Total Revenue
$2,242,610
Total Expenses
$1,787,851
Total Assets
$711,010
Net Assets
$425,178
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
SCOTT JENSEN
Phone
4015242411
Tax Period
2023-01-01 to 2023-12-31

NVSBC EDUCATION FOUNDATION INC, founded in 2019, is a small nonprofit in the Education sector that reported $611K in total revenue in fiscal year 2022. Expenses of $551K left a modest 10% surplus.

Mission

PROVIDE NATIONALLY RECOGNIZED TRAINING, NETWORKING, AND ADVOCACY FOR VETERAN SMALL BUSINESS ENTREPRENEURS IN THE FEDERAL MARKET TO ENSURE THEY ARE PROCUREMENT READY AND HAVE ENHANCED ACCESS TO OPPORTUNITIES TO START, OPERATE, SUSTAIN AND GROW COMPETITIVE AND STRONG BUSINESSES.

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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 $1,825,511
Program Service Revenue $416,424
Investment Income $675
Other Revenue $0
TOTAL REVENUE $2,242,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $326,320
Fundraising Expenses $15,294
Program Expenses $1,696,394
Other Expenses $1,461,531
TOTAL EXPENSES $1,787,851

Year-over-Year Comparison

2023 2022 Change
Revenue $2,242,610 $611,015 +2.7%
Expenses $1,787,851 $551,416 +2.2%
Net Income $454,759 $59,599 +6.6%
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
16
Independent Members
15
Employees
N/A
Volunteers
2

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
5
$160,000
Total Directors
16
$160,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD TUORINSKY PRESIDENT 5.00
Officer Director
$0 $0 $0
SCOTT JENSEN EXECUTIVE DIRECTOR 30.00
Officer Director Highest
$131,349 $0 $160,000
ROBERT BETTERS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
WILLIAM DUNN SECRETARY 2.00
Officer Director
$0 $0 $0
NORRIS MIDDLETON TREASURER 3.00
Officer Director
$0 $0 $0
ANTONIO MOSCATELLI DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM BELKNAP DIRECTOR 2.00
Director
$0 $0 $0
AL SOWERS DIRECTOR 2.00
Director
$0 $0 $0
PHILLIP PANZARELLA DIRECTOR 8.00
Director
$0 $0 $0
NANCY LANGER DIRECTOR 8.00
Director
$0 $0 $0
SCOTT THOMPSON DIRECTOR 3.00
Director
$0 $0 $0
ERICA DOBBS DIRECTOR 3.00
Director
$0 $0 $0
IRENE GLAESER DIRECTOR 3.00
Director
$0 $0 $0
NEERAJA LINGAM DIRECTOR 3.00
Director
$0 $0 $0
KAREN BRAZELLE DIRECTOR 3.00
Director
$0 $0 $0
ROBERT SANTMYER 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
2024 No data No data No data No data
2023 $2,242,610 $1,787,851 $711,010 $454,759
2022 $611,015 $551,416 $99,134 $59,599
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