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 Vulnerability Assessment (Tuckman-Chang)

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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 community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 267% from the prior year, signaling strong growth momentum. The organization ran a surplus of $455K, a strong 20% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $678,557 Revenue: $166,569

TRAINING: DEVELOPING THE KNOWLEDGEBASE AND SKILLS VETERAN BUSINESS OWNERS NEED TO FUNCTION AS SUCCESSFUL FEDERAL CONTRACTORS AND SUBCONTRACTORS. NVSBC IS CONTINUALLY INVESTING IN THE DEVELOPMENT AND...

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TRAINING: DEVELOPING THE KNOWLEDGEBASE AND SKILLS VETERAN BUSINESS OWNERS NEED TO FUNCTION AS SUCCESSFUL FEDERAL CONTRACTORS AND SUBCONTRACTORS. NVSBC IS CONTINUALLY INVESTING IN THE DEVELOPMENT AND DELIVERY OF CUSTOMIZED VETERAN SMALL BUSINESS TRAINING TO ENSURE YOU AND YOUR FIRM ARE PROCUREMENT READY FOR THE NEW OPPORTUNITIES. THIS INCLUDES SCHOLARSHIPS TO DESERVING NEW VETERAN ENTREPRENEURS TO ATTEND THESE PROGRAMS. THE ANNUAL VETERAN ENTREPRENEUR TRAINING SYMPOSIUM (VETS) - A CONVENING OF OVER 400 ATTENDEES MADE UP OF VETERAN OWNED SMALL BUSINESSES FEDERAL AGENCIES, AND PRIME CONTRACTORS INCLUDES AWARDS, EXHIBITS, TRAINING, NETWORKING, AND MATCH-MAKING. ROUTINE AND CONSISTENT WEBINARS PROVIDING TRAINING AND EDUCATION IN SUPPORT OF BUSINESS OPERATIONS AND PROCUREMENT READINESS.

Program 2
Expenses: $678,557 Revenue: $166,569

NETWORKING: CONNECTING VETERAN ENTREPRENEURS WITH THE BUSINESS OPPORTUNITIES THEY NEED TO SUCCEED IN THE COMPLEX FEDERAL MARKETPLACE. MONTHLY CHAPTER MEETINGS PROMOTE LOCAL NETWORKING AND...

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NETWORKING: CONNECTING VETERAN ENTREPRENEURS WITH THE BUSINESS OPPORTUNITIES THEY NEED TO SUCCEED IN THE COMPLEX FEDERAL MARKETPLACE. MONTHLY CHAPTER MEETINGS PROMOTE LOCAL NETWORKING AND OPPORTUNITIES FOR VETERAN BUSINESS OWNERS AND ENTREPRENEURS. MENTORING PROVIDE START-UP MEMBER COMPANIES WITH A GO TO ADVISOR/COACH, MATCHING SUCCESSFUL MEMBERS WITH START-UP MEMBERS TO LEARN AND ENCOURAGE VETERANS HELPING VETERANS. MATCH MAKING PROGRAMS FACILITATE INTRODUCTIONS, NETWORKING, GOVERNMENT AGENCY CONNECTIONS AND NEW BUSINESS OPPORTUNITIES.

Program 3
Expenses: $339,280 Revenue: $83,286

ADVOCACY: PROMOTING POLICIES AND ACQUISITION STRATEGIES THAT FURTHER THE PARTICIPATION OF VETERAN- OWNED SMALL BUSINESS IN FEDERAL CONTRACTING AND SUBCONTRACTING OPPORTUNITIES. NVSBC ENGAGES...

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ADVOCACY: PROMOTING POLICIES AND ACQUISITION STRATEGIES THAT FURTHER THE PARTICIPATION OF VETERAN- OWNED SMALL BUSINESS IN FEDERAL CONTRACTING AND SUBCONTRACTING OPPORTUNITIES. NVSBC ENGAGES CONGRESSIONAL AND FEDERAL LEADERSHIP ON ISSUES OF IMPORTANCE TO THE VETERAN SMALL BUSINESS COMMUNITY. ACTIVITIES INCLUDE MEETINGS WITH PRINCIPALS AND STAFF, PROVIDING BRIEFINGS AND TESTIMONY, PROPOSING, AND REVIEWING POLICY AND LEGISLATION, AND PROVIDING VETERAN OWNED BUSINESS TRAINING FOR FEDERAL EMPLOYEES.

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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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Liquidity & Cash Position

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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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