Vessel Disposal and Reuse Foundation
Nonprofit profile at a glance
- EIN
- 873911643
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990 2024, Form 990-EZ 2025, Form 990-N 2021
- Location
- Virginia Beach, VA, USA
- Phone
- 7576901501
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Environmental Quality, Protection, and Beautification N.E.C.
Reported finances
- Revenue
- $182,457
- Expenses
- $204,052
- Assets
- $114,753
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Ross Leeberg (President)
- Catherine Byrd Jeydel (Vice President)
People named in this filing
- Michael Provost (Executive Dir.)
- Ross Leeberg (President)
- Carl Polvinale (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Help waterways achieve sustainable health through removal of and disposal of abandoned, derelict, and at-risk vessels, public outreach, and education.
What it reported doing in 2025
VDRF has now removed 97 abandoned, derelict, and at-risk vessels in Virginia. 89 of those were in the water polluting, 8 were nearby on adjacent properties. That equals over 903,258 lbs. of hazardous debris. 2,595 linear feet of junk boats disposed.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -11.8%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 36.1%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 13.8% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 17.3% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 41.6% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $204K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 12/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 10/100.