Vmdaec Education Scholarship Foundation
Vmdaec Education Scholarship Foundation consistently directs resources to scholarships with no officer compensation and growing assets.
EIN: 134260059 · Glen Allen, VA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $178K |
| Total Expenses | $77K |
| Program Spending | 90% |
| Net Assets | $331K |
| Transparency Score | 92/100 |
Is Vmdaec Education Scholarship Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vmdaec Education Scholarship Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vmdaec Education Scholarship Foundation
Vmdaec Education Scholarship Foundation (EIN: 134260059) is a nonprofit organization based in Glen Allen, VA, classified under NTEE code B82. The organization reported total revenue of $178K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vmdaec Education Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vmdaec Education Scholarship Foundation is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $77K |
| Surplus / Deficit | +$71K |
| Total Assets | $331K |
| Net Assets | $331K |
| Operating Margin | 47.7% |
| Months of Reserves | 51.4 months |
Financial Health Grade: A
In 2023, Vmdaec Education Scholarship Foundation reported a surplus of $71K with revenue exceeding expenses, holds 51.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Vmdaec Education Scholarship Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.9% | +9.6% | +27.1% |
| 2022 | +66.0% | +5.9% | +31.0% |
| 2021 | +25.8% | -17.0% | -6.8% |
| 2020 | +7.6% | +15.2% | +5.3% |
| 2019 | -1.1% | +2.0% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vmdaec Education Scholarship Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Vmdaec Education Scholarship Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $71K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to be directed to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Vmdaec Education Scholarship Foundation:
- Strong program spending ratio, with a significant portion of expenses dedicated to scholarships.
- Consistent growth in revenue and assets, indicating increasing capacity and financial stability.
- No reported officer compensation, maximizing funds available for charitable programs.
- Zero reported liabilities in recent filings, demonstrating sound financial management.
- Consistent IRS 990 filing history, indicating good transparency and accountability.
Frequently Asked Questions about Vmdaec Education Scholarship Foundation
Is Vmdaec Education Scholarship Foundation a legitimate charity?
Vmdaec Education Scholarship Foundation (EIN: 134260059) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $178K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Vmdaec Education Scholarship Foundation spend its money?
Vmdaec Education Scholarship Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Vmdaec Education Scholarship Foundation tax-deductible?
Vmdaec Education Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 134260059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vmdaec Education Scholarship Foundation's spending goes to programs?
Vmdaec Education Scholarship Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vmdaec Education Scholarship Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Vmdaec Education Scholarship Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vmdaec Education Scholarship Foundation located?
Vmdaec Education Scholarship Foundation is headquartered in Glen Allen, Virginia and files with the IRS under EIN 134260059. It is classified under NTEE code B82.
How many years of IRS 990 filings does Vmdaec Education Scholarship Foundation have?
Vmdaec Education Scholarship Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $178K in total revenue.
Is Vmdaec Education Scholarship Foundation a good charity?
Based on the available data, Vmdaec Education Scholarship Foundation appears to be a very good charity. It consistently directs a high percentage of its expenses to programs, reports no officer compensation, and has shown healthy financial growth with no liabilities.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly. Revenue grew from $63,220 in 2020 to $147,746 in 2023, and assets increased from $213,428 to $330,969 in the same period, indicating strong growth and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a highly efficient model where leadership is not drawing a salary from the organization's funds, or is compensated in a way that is not reported as officer compensation on the 990.
Filing History
IRS 990 filing history for Vmdaec Education Scholarship Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vmdaec Education Scholarship Foundation's revenue has grown by 439.5%, moving from $27K to $148K. Total assets increased by 70.7% over the same period, from $194K to $331K. Total functional expenses rose by 163.4%, from $29K to $77K. In its most recent filing year (2023), Vmdaec Education Scholarship Foundation reported a surplus of $71K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148K | $77K | $331K | $0 | — | — |
| 2022 | $132K | $70K | $260K | $0 | — | — |
| 2021 | $80K | $67K | $199K | $0 | — | View 990 |
| 2020 | $63K | $80K | $213K | $0 | — | — |
| 2019 | $59K | $70K | $203K | $0 | — | View 990 |
| 2018 | $59K | $68K | $213K | $0 | — | View 990 |
| 2017 | $56K | $75K | $222K | $0 | — | View 990 |
| 2016 | $72K | $59K | $241K | $0 | — | View 990 |
| 2015 | $67K | $47K | $228K | $0 | — | View 990 |
| 2014 | $44K | $61K | $208K | $0 | — | View 990 |
| 2013 | $88K | $49K | $226K | $0 | — | View 990 |
| 2012 | $24K | $30K | $187K | $0 | — | View 990 |
| 2011 | $27K | $29K | $194K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148K, expenses of $77K, and assets of $331K (revenue +11.9% year-over-year).
- 2022: Revenue of $132K, expenses of $70K, and assets of $260K (revenue +66.0% year-over-year).
- 2021: Revenue of $80K, expenses of $67K, and assets of $199K (revenue +25.8% year-over-year).
- 2020: Revenue of $63K, expenses of $80K, and assets of $213K (revenue +7.6% year-over-year).
- 2019: Revenue of $59K, expenses of $70K, and assets of $203K (revenue -1.1% year-over-year).
- 2018: Revenue of $59K, expenses of $68K, and assets of $213K (revenue +5.8% year-over-year).
- 2017: Revenue of $56K, expenses of $75K, and assets of $222K (revenue -22.3% year-over-year).
- 2016: Revenue of $72K, expenses of $59K, and assets of $241K (revenue +7.3% year-over-year).
- 2015: Revenue of $67K, expenses of $47K, and assets of $228K (revenue +53.5% year-over-year).
- 2014: Revenue of $44K, expenses of $61K, and assets of $208K (revenue -49.9% year-over-year).
- 2013: Revenue of $88K, expenses of $49K, and assets of $226K (revenue +271.4% year-over-year).
- 2012: Revenue of $24K, expenses of $30K, and assets of $187K (revenue -14.0% year-over-year).
- 2011: Revenue of $27K, expenses of $29K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vmdaec Education Scholarship Foundation:
Data Sources and Methodology
This transparency report for Vmdaec Education Scholarship Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.