Virginia Press Association Inc

Glen Allen, VA
Tax-exempt since Sept. 1955
EIN: 54-0420455

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$484k (2023)

Expenses

$555k (2023)

Total Assets

$6.55M (2023)

Total Liabilities

$3.37M (2023)

Source: Form 990 tax filings from 2011 to 2023

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
2023

Revenue

$484,303

Expenses

$555,273

Net Income

-$70,970

Net Assets

$3,185,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$184,456	38.1%
Investment Income	$75,785	15.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$16,733	3.5%
Net Inventory Sales	$0
Other Revenue	$207,329	42.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$73,612	13.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$118,067	21.3%

Assets/Debt
Total Assets	$6,553,301
Total Liabilities	$3,368,235
Net Assets	$3,185,066

Compensation

Key Employees and Officers	Compensation	Related	Other
Betsy Edwards (Executive Director)	$64,596	$58,765	$0
Jim Maxwell (President)	$0	$0	$0
Dennis Brack (Vice President)	$0	$0	$0
Chad Harrison (Immediate Past President)	$0	$0	$0
Jean Boone (Director)	$0	$0	$0
Ann Adams (Director)	$0	$0	$0
Chris Coates (Director)	$0	$0	$0
Lisa Watson Mccarty (Director)	$0	$0	$0
Norman Styer (Secretary)	$0	$0	$0
Wendi Craig (Director)	$0	$0	$0
Shari Keyes (Director)	$0	$0	$0
Alan Levenstein (Director)	$0	$0	$0
Kalea Clark (Treasurer)	$0	$0	$0

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990

Filed on May 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$838,145

Expenses

$451,916

Net Income

$386,229

Net Assets

$3,170,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$158,942	19.0%
Investment Income	$85,018	10.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$594,185	70.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$67,035	14.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$98,229	21.7%

Assets/Debt
Total Assets	$6,291,489
Total Liabilities	$3,120,639
Net Assets	$3,170,850

Compensation

Key Employees and Officers	Compensation	Related	Other
Betsy Edwards (Executive Director)	$0	$60,443	$6,592
Jim Maxwell (Secretary)	$0	$0	$0
Dennis Brack (Director)	$0	$0	$0
Chad Harrison (President)	$0	$0	$0
Jeane Boone (Director)	$0	$0	$0
Carol Mccracken (Vice President)	$0	$0	$0
Mike Gochenour (Director)	$0	$0	$0
Lisa Watson Mccarty (Director)	$0	$0	$0
Norman Styer (Director)	$0	$0	$0
Kris Worrell (Treasurer)	$0	$0	$0
Jay Kennedy (Immediate Past President)	$0	$0	$0
Kelly Mirt (Director)	$0	$0	$0
Paige Mudd (Director)	$0	$0	$0

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990

Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$986,025

Expenses

$473,562

Net Income

$512,463

Net Assets

$3,083,350

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$168,559	17.1%
Investment Income	$25,879	2.6%
Bond Proceeds	$0
Royalties	$174	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$17,559	1.8%
Net Inventory Sales	$0
Other Revenue	$773,854	78.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$76,373	16.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$100,463	21.2%

Assets/Debt
Total Assets	$6,027,052
Total Liabilities	$2,943,702
Net Assets	$3,083,350

Compensation

Key Employees and Officers	Compensation	Related	Other
Betsy Edwards (Executive Director)	$0	$60,583	$9,838
Jay Kennedy (President)	$0	$0	$0
Chad Harrison (President, Elect)	$0	$0	$0
Carol Mccracken (Vice President)	$0	$0	$0
Jim Maxwell (Treasurer)	$0	$0	$0
Billy Coleburn (Secretary)	$0	$0	$0
Mike Gochenour (Director)	$0	$0	$0
Paige Mudd (Director)	$0	$0	$0
Kelly Mirt (Director)	$0	$0	$0
Steve Stewart (Director)	$0	$0	$0
Jeff Poole (Director)	$0	$0	$0
Kris Worrell (Director)	$0	$0	$0

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990

Filed on May 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$328,490

Expenses

$431,712

Net Income

-$103,222

Net Assets

$2,376,439

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$206,778	62.9%
Investment Income	$14,324	4.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,488	2.6%
Net Inventory Sales	$0
Other Revenue	$98,900	30.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$71,253	16.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$89,178	20.7%

Assets/Debt
Total Assets	$3,095,170
Total Liabilities	$718,731
Net Assets	$2,376,439

Compensation

Key Employees and Officers	Compensation	Related	Other
Betsy Edwards (Executive Director)	$0	$60,614	$10,639
Steve Stewart (Past President)	$0	$0	$0
Jay Kennedy (President)	$0	$0	$0
Chad Harrison (President Elect)	$0	$0	$0
Carol Mccracken (Vice President)	$0	$0	$0
Billy Coleburn (Secretary)	$0	$0	$0
Mike Gochenour (Director)	$0	$0	$0
Jim Maxwell (Treasurer)	$0	$0	$0
Paige Mudd (Director)	$0	$0	$0
Jeff Poole (Director)	$0	$0	$0
Kelly Mirt (Director)	$0	$0	$0
Kris Worrell (Director)	$0	$0	$0

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990

Filed on May 7, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2019

Revenue

$377,957

Expenses

$535,813

Net Income

-$157,856

Net Assets

$2,501,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$229,682	60.8%
Investment Income	$19,237	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$27,649	7.3%
Net Inventory Sales	$0
Other Revenue	$101,389	26.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$63,968	11.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$104,362	19.5%

Assets/Debt
Total Assets	$3,037,799
Total Liabilities	$536,404
Net Assets	$2,501,395

Compensation

Key Employees and Officers	Compensation	Related	Other
Betsy Edwards (Executive Director)	$0	$53,592	$1,408
Steve Stewart (President)	$0	$0	$0
Jay Kennedy (President Elect)	$0	$0	$0
Chad Harrison (Vice President)	$0	$0	$0
Carol Mccracken (Secretary)	$0	$0	$0
Billy Coleburn (Treasurer)	$0	$0	$0
Matt Paxton (Past President)	$0	$0	$0
Ryan Gilchrest (Director)	$0	$0	$0
Mike Gochenour (Director)	$0	$0	$0
Aimee Atteberry (Director)	$0	$0	$0
Lynn Hurst (Director)	$0	$0	$0
Jim Maxwell (Director)	$0	$0	$0
Paige Mudd (Director)	$0	$0	$0
Jeff Poole (Director)	$0	$0	$0
Bruce Potter (Director)	$0	$0	$0

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990

Filed on April 15, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$124,793

Expenses

$344,971

Net Income

-$220,178

Net Assets

$2,671,478

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$221,949	> 100%
Investment Income	$30,370	24.3%
Bond Proceeds	$0
Royalties	$1,108	0.9%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$18,658	15.0%
Net Inventory Sales	$0
Other Revenue	-$147,292

Notable Expenses		Percent of Total Expenses
Executive Compensation	$32,663	9.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,253	6.7%

Assets/Debt
Total Assets	$3,267,340
Total Liabilities	$595,862
Net Assets	$2,671,478

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$215,402

Expenses

$332,407

Net Income

-$117,005

Net Assets

$2,899,420

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$223,670	> 100%
Investment Income	$26,682	12.4%
Bond Proceeds	$0
Royalties	$2,626	1.2%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,506	3.9%
Net Inventory Sales	$0
Other Revenue	-$46,082

Notable Expenses		Percent of Total Expenses
Executive Compensation	$20,733	6.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$49,803	15.0%

Assets/Debt
Total Assets	$3,801,020
Total Liabilities	$901,600
Net Assets	$2,899,420

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$143,729

Expenses

$314,907

Net Income

-$171,178

Net Assets

$2,961,683

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$231,928	> 100%
Investment Income	$23,582	16.4%
Bond Proceeds	$0
Royalties	$1,578	1.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$16,825
Net Inventory Sales	$0
Other Revenue	-$96,534

Notable Expenses		Percent of Total Expenses
Executive Compensation	$52,806	16.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$43,445	13.8%

Assets/Debt
Total Assets	$3,879,065
Total Liabilities	$917,382
Net Assets	$2,961,683

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$186,248

Expenses

$267,086

Net Income

-$80,838

Net Assets

$3,118,171

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$215,301	> 100%
Investment Income	$24,613	13.2%
Bond Proceeds	$0
Royalties	$3,861	2.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$38,054	20.4%
Net Inventory Sales	$0
Other Revenue	-$95,581

Notable Expenses		Percent of Total Expenses
Executive Compensation	$51,661	19.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$49,543	18.5%

Assets/Debt
Total Assets	$4,007,504
Total Liabilities	$889,333
Net Assets	$3,118,171

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$250,573

Expenses

$262,105

Net Income

-$11,532

Net Assets

$3,239,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$227,263	90.7%
Investment Income	$25,967	10.4%
Bond Proceeds	$0
Royalties	$4,392	1.8%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$83,513	33.3%
Net Inventory Sales	$0
Other Revenue	-$90,562

Notable Expenses		Percent of Total Expenses
Executive Compensation	$55,074	21.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$50,086	19.1%

Assets/Debt
Total Assets	$4,097,842
Total Liabilities	$858,662
Net Assets	$3,239,180

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$267,647

Expenses

$308,854

Net Income

-$41,207

Net Assets

$3,271,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$214,915	80.3%
Investment Income	$33,370	12.5%
Bond Proceeds	$0
Royalties	$6,514	2.4%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$10,266	3.8%
Net Inventory Sales	$0
Other Revenue	$2,582	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$58,390	18.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$53,477	17.3%

Assets/Debt
Total Assets	$4,157,396
Total Liabilities	$886,372
Net Assets	$3,271,024

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$110,116

Expenses

$304,609

Net Income

-$194,493

Net Assets

$3,286,759

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$209,454	> 100%
Investment Income	$32,241	29.3%
Bond Proceeds	$0
Royalties	$8,428	7.7%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$5,496
Net Inventory Sales	$0
Other Revenue	-$134,511

Notable Expenses		Percent of Total Expenses
Executive Compensation	$57,766	19.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$64,175	21.1%

Assets/Debt
Total Assets	$4,068,918
Total Liabilities	$782,159
Net Assets	$3,286,759

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$186,852

Expenses

$278,028

Net Income

-$91,176

Net Assets

$3,524,760

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$216,093	> 100%
Investment Income	$33,709	18.0%
Bond Proceeds	$0
Royalties	$9,008	4.8%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,552	1.9%
Net Inventory Sales	$0
Other Revenue	-$75,510

Notable Expenses		Percent of Total Expenses
Executive Compensation	$46,766	16.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$60,861	21.9%

Assets/Debt
Total Assets	$4,392,439
Total Liabilities	$867,679
Net Assets	$3,524,760

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.

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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

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Virginia Press Association Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $484k (2023)

Expenses $555k (2023)

Total Assets $6.55M (2023)

Total Liabilities $3.37M (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending June 2022

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Compensation

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Fiscal Year Ending June 2021

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Compensation

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Fiscal Year Ending June 2020

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2019

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Compensation

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Fiscal Year Ending June 2018

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Fiscal Year Ending June 2017

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Fiscal Year Ending June 2016

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Fiscal Year Ending June 2015

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Fiscal Year Ending June 2014

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Fiscal Year Ending June 2013

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Fiscal Year Ending June 2012

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Fiscal Year Ending June 2011

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending June 2010

Revenue

$484k (2023)

Expenses

$555k (2023)

Total Assets

$6.55M (2023)

Total Liabilities

$3.37M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

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2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005