VIRGINIA TRIBAL EDUCATION CONSORTIUM INC

EIN: 851254012 501(c)(3)

ASHLAND, VA

Total Revenue
$1,352,129
Total Expenses
$1,386,067
Total Assets
$94,782
Net Assets
$94,782
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Financial Trends

Organization Details

Legal Domicile
VA
Principal Officer
REGGIE STEWART
Phone
7579206433
Tax Period
2023-10-01 to 2024-09-30

VIRGINIA TRIBAL EDUCATION CONSORTIUM INC is a small nonprofit that reported $393K in total revenue in fiscal year 2020. The organization ran a surplus of $84K, a strong 21% operating margin.

Mission

THE VIRGINIA TRIBAL EDUCATION CONSORTIUM (VTEC) IS A 501(C)(3) ORGANIZATION REPRESENTING SEVEN (7) FEDERALLY RECOGNIZED TRIBES OF VIRGINIA. THE CORE FUNCTION OF VTEC IS TO PROVIDE MORE POSITIVE OUTCOMES FOR EDUCATION OF VIRGINIA INDIAN STUDENTS, ESPECIALLY AS IT RELATES TO VIRGINIA INDIAN HISTORY, CULTURE, AND LANGUAGE. AS SUCH VTEC SERVES AS THE TRIBAL EDUCATION AGENCY FOR THE SEVEN FEDERALLY RECOGNIZED TRIBES. THE PURPOSE OF VTEC IS TO DEVELOP PARTNERSHIP AGREEMENTS WITH LOCAL EDUCATION AGENCIES (LEAS) AND THE VIRGINIA DEPARTMENT OF EDUCATION TO ENHANCE PRIMARY AND SECONDARY OPPORTUNITIES FOR VIRGINIA INDIAN STUDENTS AND ADULTS, INCLUDING WORK-BASED LEARNING EXPERIENCES.

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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 $1,352,129
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,352,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $643,279
Fundraising Expenses $0
Program Expenses $1,327,553
Other Expenses $742,788
TOTAL EXPENSES $1,386,067

Year-over-Year Comparison

2023 2022 Change
Revenue $1,352,129 $1,622,250 -0.2%
Expenses $1,386,067 $1,640,632 -0.2%
Net Income $-33,938 $-18,382 +0.8%
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
11
Independent Members
11
Employees
10
Volunteers
11

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
10
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGGIE STEWART CHAIR 2.00
Officer Director
$0 $0 $0
KEITH ANDERSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
MATT GIFFORD FISCAL OFFIC 2.00
Officer Director
$0 $0 $0
STEVE ADKINS BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MELANIE STEWART BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MICHAEL TUPPONCE BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MATT LATIMER BOARD MEMBER 1.00
Director
$0 $0 $0
IRMA ADAMS BOARD MEMBER 1.00
Officer Director
$0 $0 $0
ANNA RICHARDSON BOARD MEMBER 1.00
Officer Director
$0 $0 $0
DEBORAH WILKINSON SECRETARY 1.00
Officer Director
$0 $0 $0
OWEN ADAMS BOARD MEMBER 1.00
Officer 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 $1,352,129 $1,386,067 $94,782 $-33,938
2023 $1,622,250 $1,640,632 $128,720 $-18,382
2022 $810,172 $747,936 $147,100 $62,236
2022 $810,160 $747,923 $147,102 $62,237
2021 $392,994 $308,904 $84,865 $84,090
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