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Virginia Beach Library Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Libraries (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$158k (2024)

Expenses
$240k (2024)

Total Assets
$1.96M (2024)

Total Liabilities
$302k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$158,365
Expenses
$239,513
Net Income
-$81,148
Net Assets
$1,655,044
Notable Sources of Revenue Percent of Total Revenue
Contributions $77,857
49.2%
Program Services $0
Investment Income $32,935
20.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $47,573
30.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,957,515
Total Liabilities $302,471
Net Assets $1,655,044
Compensation
Key Employees and Officers Compensation Related Other
Karen Bischoff (Secretary) $0 $0 $0
Chelle Davis (Director) $0 $0 $0
Morris H Fine Esq (Director) $0 $0 $0
Robert G Krebs Jr (President) $0 $0 $0
Kirkland Molloy Kelley (Director) $0 $0 $0
Kimberly Knight (Executive Di) $0 $0 $0
Nancy Oliver (Director) $0 $0 $0
Marcy Sims (Director) $0 $0 $0
Michelle Sweezey (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$128,556
Expenses
$124,986
Net Income
$3,570
Net Assets
$1,622,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $71,165
55.4%
Program Services $0
Investment Income $28,911
22.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,480
22.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,890,929
Total Liabilities $268,443
Net Assets $1,622,486
Compensation
Key Employees and Officers Compensation Related Other
Karen Bischoff (Secretary) $0 $0 $0
Chelle Davis (Director) $0 $0 $0
Morris H Fine Esq (Director) $0 $0 $0
Eric Fox (Vice Preside) $0 $0 $0
Robert G Krebs Jr (President) $0 $0 $0
Kirkland Molloy Kelley (Director) $0 $0 $0
Kimberly Knight (Executive Di) $0 $0 $0
Nancy Oliver (Director) $0 $0 $0
Marcy Sims (Director) $0 $0 $0
Michelle Sweezey (Director) $0 $0 $0
Guy Tower (Director) $0 $0 $0

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Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$151,584
Expenses
$85,628
Net Income
$65,956
Net Assets
$1,518,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $65,324
43.1%
Program Services $0
Investment Income $33,917
22.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $52,343
34.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,751,612
Total Liabilities $233,106
Net Assets $1,518,506
Compensation
Key Employees and Officers Compensation Related Other
Karen Bischoff (Secretary) $0 $0 $0
Margaret Campbell (Vice Preside) $0 $0 $0
Wanda Cooper (Director) $0 $0 $0
Chelle Davis (Director) $0 $0 $0
Morris H Fine Esq (Director) $0 $0 $0
Eric Fox (Treasurer) $0 $0 $0
Robert G Krebs Jr (President) $0 $0 $0
Kimberly Knight (Executive Di) $0 $0 $0
Nancy Oliver (Director) $0 $0 $0
Marcy Sims (Director) $0 $0 $0
Guy Tower (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$136,958
Expenses
$111,516
Net Income
$25,442
Net Assets
$1,739,498
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,116
44.6%
Program Services $0
Investment Income $26,817
19.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $49,025
35.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,011,489
Total Liabilities $271,991
Net Assets $1,739,498
Compensation
Key Employees and Officers Compensation Related Other
Karen Bischoff (Secretary) $0 $0 $0
Margaret Campbell (Vice Preside) $0 $0 $0
Wanda Cooper (Director) $0 $0 $0
Chelle Davis (Director) $0 $0 $0
Lee D Entsminger (Director) $0 $0 $0
Morris H Fine Esq (Director) $0 $0 $0
Eric Fox (Treasurer) $0 $0 $0
Robert G Krebs Jr (President) $0 $0 $0
Nancy Oliver (Director) $0 $0 $0
Nancy K Parker (Director) $0 $0 $0
Eva Poole (Executive Di) $0 $0 $0
Marcy Sims (Director) $0 $0 $0
Guy Tower (Director) $0 $0 $0

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$149,649
Expenses
$123,928
Net Income
$25,721
Net Assets
$1,433,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,915
25.3%
Program Services $0
Investment Income $34,131
22.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $77,603
51.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,651,499
Total Liabilities $217,616
Net Assets $1,433,883
Compensation
Key Employees and Officers Compensation Related Other
Karen Bischoff (Secretary) $0 $0 $0
Margaret Campbell (Vice Preside) $0 $0 $0
Wanda Cooper (Director) $0 $0 $0
Chelle Davis (Director) $0 $0 $0
Lee D Entsminger (Director) $0 $0 $0
Morris H Fine Esq (Director) $0 $0 $0
Eric Fox (Treasurer) $0 $0 $0
Robert G Krebs Jr (President) $0 $0 $0
Nancy Oliver (Director) $0 $0 $0
Nancy K Parker (Director) $0 $0 $0
Eva Poole (Executive Di) $0 $0 $0
Marcy Sims (Director) $0 $0 $0
Guy Tower (Director) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$309,102
Expenses
$300,926
Net Income
$8,176
Net Assets
$1,439,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,370
67.7%
Program Services $0
Investment Income $62,170
20.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $37,562
12.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,648,634
Total Liabilities $208,749
Net Assets $1,439,885
Compensation
Key Employees and Officers Compensation Related Other
Guy Tower (Board Member) $0 $0 $0
Morris H Fine (President) $0 $0 $0
Marcy J Sims (Board Member) $0 $0 $0
Margaret Campbell (Vice President) $0 $0 $0
Jeffrey L Marks (Board Member) $0 $0 $0
Ben Davenport (Board Member) $0 $0 $0
Eva Poole (Secretary) $0 $0 $0
Robert G Krebs (Treasurer) $0 $0 $0
Nancy K Parker (Board Member) $0 $0 $0
Chelle Davis (Board Member) $0 $0 $0
Wanda Cooper (Board Member) $0 $0 $0
Eric Fox (Board Member) $0 $0 $0
Nancy Oliver (Board Member) $0 $0 $0
Paul Speece (Board Member) $0 $0 $0
J Frank Walton (Board Member) $0 $0 $0
Karen Bischoff (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$136,330
Expenses
$132,729
Net Income
$3,601
Net Assets
$1,442,889
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,175
28.0%
Program Services $0
Investment Income $58,310
42.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,845
29.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,637,549
Total Liabilities $194,660
Net Assets $1,442,889

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$134,222
Expenses
$138,350
Net Income
-$4,128
Net Assets
$1,446,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,245
56.8%
Program Services $0
Investment Income $26,266
19.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $31,711
23.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,446,859
Total Liabilities $0
Net Assets $1,446,859
Compensation
Key Employees and Officers Compensation Related Other
Guy Tower (Board Member) $0 $0 $0
Morris H Fine (President) $0 $0 $0
Marcy J Sims (Board Member) $0 $0 $0
Margaret Campbell (Vice President) $0 $0 $0
Jeffrey L Marks (Board Member) $0 $0 $0
Ben Davenport (Board Member) $0 $0 $0
Eva Poole (Secretary) $0 $0 $0
Robert G Krebs (Treasurer) $0 $0 $0
Nancy K Parker (Board Member) $0 $0 $0
Chelle Davis (Board Member) $0 $0 $0

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Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$110,338
Expenses
$110,299
Net Income
$39
Net Assets
$1,450,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,000
20.8%
Program Services $0
Investment Income $42,371
38.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $44,967
40.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,450,987
Total Liabilities $0
Net Assets $1,450,987
Compensation
Key Employees and Officers Compensation Related Other
Guy Tower (Board Member) $0 $0 $0
Morris H Fine (President) $0 $0 $0
Marcy J Sims (Board Member) $0 $0 $0
Margaret Campbell (Vice President) $0 $0 $0
Jeffrey L Marks (Board Member) $0 $0 $0
Ben Davenport (Board Member) $0 $0 $0
Eva Poole (Secretary) $0 $0 $0
Robert G Krebs (Treasurer) $0 $0 $0
Nancy K Parker (Board Member) $0 $0 $0
Chelle Davis (Board Member) $0 $0 $0

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Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,502
Expenses
$34,659
Net Income
$74,843
Net Assets
$1,450,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,487
33.3%
Program Services $0
Investment Income $39,665
36.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $33,350
30.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,450,948
Total Liabilities $0
Net Assets $1,450,948
Compensation
Key Employees and Officers Compensation Related Other
Guy Tower (Board Member) $0 $0 $0
Morris H Fine (President) $0 $0 $0
Marcy J Sims (Board Member) $0 $0 $0
Margaret Campbell (Vice President) $0 $0 $0
Jeffrey L Marks (Board Member) $0 $0 $0
Harold J Vanderwilt (Board Member) $0 $0 $0
Eva Poole (Secretary) $0 $0 $0
Robert G Krebs (Treasurer) $0 $0 $0
Nancy K Parker (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$172,783
Expenses
$46,885
Net Income
$125,898
Net Assets
$1,376,105
Notable Sources of Revenue Percent of Total Revenue
Contributions $831
0.5%
Program Services $0
Investment Income $42,717
24.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $129,235
74.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,386,732
Total Liabilities $10,627
Net Assets $1,376,105
Compensation
Key Employees and Officers Compensation Related Other
Guy Tower (Board Member) $0 $0 $0
Morris H Fine (President) $0 $0 $0
Marcy J Sims (Secretary (Ending 9 13)) $0 $0 $0
R Patrick Deans (Board Member) $0 $0 $0
Margaret Campbell (Vice President) $0 $0 $0
Jeffrey L Marks (Board Member) $0 $0 $0
Harold J Vanderwilt (Board Member) $0 $0 $0
Eva Poole (Secretary (Beginning 9 13)) $0 $0 $0
Robert G Krebs (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$103,465
Expenses
$157,518
Net Income
-$54,053
Net Assets
$1,250,207
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,042
3.9%
Program Services $0
Investment Income $40,976
39.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $58,447
56.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,250,207
Total Liabilities $0
Net Assets $1,250,207

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,045
Expenses
$38,296
Net Income
-$1,251
Net Assets
$1,304,260
Notable Sources of Revenue Percent of Total Revenue
Contributions $914
2.5%
Program Services $0
Investment Income $28,298
76.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,833
21.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,304,260
Total Liabilities $0
Net Assets $1,304,260

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,284
Expenses
$9,469
Net Income
$52,815
Net Assets
$1,305,511
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,915
27.2%
Program Services $0
Investment Income $24,454
39.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,000
32.1%
Net Inventory Sales $0
Other Revenue $915
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,305,511
Total Liabilities $0
Net Assets $1,305,511

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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