Virginia Propane Research & Educational Foundation
Nonprofit profile at a glance
- EIN
- 541942419
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2011
- Location
- Richmond, VA, USA
- Phone
- 8047474971
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $348,392
- Expenses
- $348,392
- Assets
- $140,705
- Liabilities
- $142,991
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JAMISON WALKER (PRESIDENT)
People named in this filing
- JAMISON WALKER (PRESIDENT)
- STEPHANIE RICHARDS (TREASURER)
- JOHN PHILIPS (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Virginia propane research & educational foundation is a nonprofit foundation whose main purpose is to develop educational, research, and marketing programs to promote the propane gas industry in the state of Virginia. The objectives of the foundation shall be to perform the following: educate to provide information on propane, propane use equipment, mechanical and technical practices and propane uses to consumers, industry employees and the public in general; develop propane marketing which presents positive information about propane to the public including paid promotional advertising; conduct research or any type of study, investigation or other activity designed to advance the image, desirability, usage, marketability, efficiency, and safety of propane and propane use equipment and to further the development of such information and products; and collect funds and administer scholarships which foster increased education.
What it reported doing in 2024
The foundation provides certified statewide safety and training of the safe handling and utilization of propane gas as an alternative, reliable energy source. These programs include fire training, external safety for hazardous material teams, general consumer safety, and safe installation procedures for appliances utilizing propane gas.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 90
- Accountability: 94
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.4; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 1.02; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -11.3% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 7 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $0 · 9 people listed
- Highest-paid contractors: 1 contractor listed · $129K reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.