Virginia Association of Fund Raising Executives

Nonprofit profile at a glance

EIN
541248203
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024
Location
Richmond, VA, USA
Phone
8043683398
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$67,147
Expenses
$70,128
Assets
$119,599
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Samantha Charlet (President)
  • Wilson Glasco (Past President)

People named in this filing

  • Samantha Charlet (President)
  • Nikkia Johnson (Vice Presidnet)
  • Stephanie Glenn (Secretary/Treasurer)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is a welcoming and inclusive organization dedicated to advancing the skills of fund-raising professionals from the Commonwealth of Virginia through education, training, and networking opportunities.

What it reported doing in 2024

VAFRE holds an Annual Awards Program honoring excellence in Development in May. Two awards have been given each year for more than 10 years: The Nina Abady Award, presented to a fundraising professional who has demonstrated the utmost excellence in the field of development; and The Rising Star Award, made annually to a Development professional who exhibits excellent potential and has demonstrated remarkable talents at an early stage in their fundraising careers (between 3 and 10 years). The field of candidates includes VAFRE members as well as members of the local chapter of the Association of Fundraising Professionals - allowing a more inclusive look at those in the Development profession. This year there were three additional awards added: The Innovation in Fundraising Award (recognizing a development professional, consultant or team who demonstrates outstanding accomplishment in fundraising strategy in the previous year); the Leadership in Philanthropy Award (recognizing a development professional, consultant or team who demonstrated a commitment to the future and sustainability of the profession in the prvious year); and the Nonprofit Excellence in Philanthropy Award (recognizing a nonprofit for extraordinary accomplishments in fundraising in the previous year).

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 2
  • Transparency & Controls: 82
  • Sustainability: 50
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.2%; rating input score 4
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -4.4%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 1.71; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -0.1% per year; rating input score 0; 51st percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 4.2% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 4/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.