2024-03-01T17:11:31-05:00 2023-06-30 541571464 CORBIN & COMPANY PC 501 INDEPENDENCE PARKWAY STE 275 CHESAPEAKE VA 23320 990 2022-07-01 541637620 VIRGINIA BEACH PUBLIC SCHOOLS EDUCATION FOUNDATION AND SUBSIDIARY VIRG 7572631069 641 CARRIAGE HILL RD VIRGINIA BEACH VA 23452 KEVIN HILL PRESIDENT 7572631069 2024-02-05 true KEVIN HILL 999009999 false JULIE L SOKOLOWSKI CPA P01328383 7574364577 2024-02-05 2022 2023-04-26 12:10:37Z KEVIN HILL 1926833 false X WWW.VBEF.ORG X 1991 VA TO MAKE A DIFFERENCE IN THE EPUBLIC SCHOOLS OF VIRGINIA BEACH BY RAISING PRIVATE SECTOR SUPPORT TO FUND INNOVATIVE AND CREATIVE LEARNING PROGRAMS AND TO REWARD EDUCATIONAL EXELLENCE USING GRANTS TO HELP SUPPORT PILOT PROGRAMS RUN BY THE SCHOOL SYSTEM EDUCATORS. 33 33 0 45 0 298614 590605 0 232532 21392 -55261 -17377 475885 594620 212530 14700 0 0 0 0 134943 722096 347473 736796 128412 -142176 2932876 2952483 102275 101166 2830601 2851317 X TO MAKE A DIFFERENCE IN THE EPUBLIC SCHOOLS OF VIRGINIA BEACH BY RAISING PRIVATE SECTOR SUPPORT TO FUND INNOVATIVE AND CREATIVE LEARNING PROGRAMS AND TO REWARD EDUCATIONAL EXELLENCE USING GRANTS TO HELP SUPPORT PILOT PROGRAMS RUN BY THE SCHOOL SYSTEM EDUCATORS. false false 482510 EDUCATIONAL PROGRAMS - THE FOUNDATION AWARDED 69 GRANTS FOR INOVATIVE PROJECTS IN THE CURRENT YEAR. THE GRANTS WERE AWARDED TO SCHOOLS FOR PROJECTS THAT TEACHERS HAVE DESIGNED TO ENHANCE STUDENT ACHIEVEMENT. GRANTS ARE AWARDED UP TO 20,000 EACH. 5 TEACHER OF THE YEAR AWARDS WERE ALSO GRANTED IN THE CURRENT YEAR. 14700 14700 SCHOLARSHIPS - THE VIRGINIA BEACH EDUCATION FOUNDATION (VBEF) MANGES RESTRICTED FUNDS FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO GRADUATING SENIORS IN VIRGINIA BEACH CITY PUBLIC SCHOOLS (VBCPS). IN THE CURRENT YEAR 10 SCHOLARSHIPS WERE AWARDED. 206755 STUDENT SUPPORT - THE BEACH BAGS PROGRAM, WHICH PROVIDEDS SHELF-STABLE FOOD TO VIRGINIA BEACH PUBLIC SCHOOL STUDENTS IN NEED OF FOOD DURING WEEKENDS AND HOLIDAYS, IS A PROGRAM FOR WHICH FUNDS ARE RESTRICTED THROUGH THE FOUNDATION. MY FRIEND'S CLOSET PROVIDES CLOTHING TO VIRGINIA BEACH PUBLIC SCHOOL STUDENTS IN NEED. ADDITIONAL RESTRICTED FUNDING DESIGNATED BY DONORS ARE ALSO MADE TO BENEFIT VIRGINIA BEACH STUDENTS. 703965 true true false false false false false false false true false false false true false false false true false false false false false false true false false false true false false false false false false false false false false false false false true true false false false true 1 0 0 false false false false false true true false false false false false false false false X 33 33 false false false false false true false true true false false false true true false false true false false false VA X DEBBIE HUGHES 7572631069 641 CARRIAGE HILL RD VIRGINIA BEACH VA 23452 X DEBBIE HUGHES COORDINATOR 40.00 X 0 0 0 KEVIN HILL PRESIDENT 2.00 X X 0 0 0 WILL MORALEZ PRESIDENT EL 2.00 X X 0 0 0 JOHN MAZACH TREASURER 2.00 X X 0 0 0 MONICA CURRY SECRETARY 2.00 X X 0 0 0 ROBERT BROERMANN PAST PRESIDE 2.00 X X 0 0 0 JON ABRAHAMS DIRECTOR 0.10 X 0 0 0 MORGAN ALBISTON DIRECTOR 0.10 X 0 0 0 TONY ARNOLD DIRECTOR 0.10 X 0 0 0 JUSTIN BALLARD DIRECTOR 0.10 X 0 0 0 TOM BARRINGER DIRECTOR 0.10 X 0 0 0 ROB BERZ DIRECTOR 0.10 X 0 0 0 DANIEL EDWARDS DIRECTOR 0.10 X 0 0 0 JOE FLANAGAN DIRECTOR 0.10 X 0 0 0 CHRISTINE GUSTAFSON DIRECTOR 0.10 X 0 0 0 SHEILA MAGULA DIRECTOR 0.10 X 0 0 0 AMY MALLINSON DIRECTOR 0.10 X 0 0 0 DEBBIE NADIRAN DIRECTOR 0.10 X 0 0 0 ROBYN NISS DIRECTOR 0.10 X 0 0 0 SKIP TEMPLETON DIRECTOR 0.10 X 0 0 0 false false false 590605 6253 590605 74657 74657 1201977 1057 1255806 493 -53829 564 -53265 564 -53829 56612 75914 -19302 -19302 CREDIT CARD REWARDS 1925 1925 1925 594620 2489 1526 14700 14700 2291 2291 11750 11750 3946 3946 2126 2126 18441 3597 14844 SUSTAINABLE ENERGY COURSE 250000 250000 INNOVATIVE LEARNING AWARD 226039 226039 BEACH BAGS PROGRAM EXP 193237 193237 MY FRIENDS CLOSET PROGRAM 13518 13518 748 748 736796 703965 32831 0 585028 378471 44734 74517 1175 2187233 2293188 114706 206307 2932876 2952483 1442 4000 5000 16833 16166 80000 80000 102275 101166 X 2348306 2411755 482295 439562 2830601 2851317 2932876 2952483 -142176 162892 X false true true false X 250678 317532 270427 298614 590605 1727856 133586 172063 172924 191140 669713 384264 489595 443351 489754 590605 2397569 2397569 47638 48401 29604 41004 74657 241304 2638873 1925 0.90860 0.90850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2236926 2411214 2248764 -211838 2236926 2236662 212102 2448764 2194688 41974 2236662 2071652 123036 2194688 1.00000 false false PROJECT LAND 110246 CONSTRUCTION IN PROGRESS 96061 206307 959295 162892 205729 368621 590674 3946 3946 594620 938579 205729 205729 732850 3946 3946 736796 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION HAS DRAFTED A POLICY OF APPROPRIATING FOR DISTRIBUTIONS EACH YEAR. THE FOUNDATION'S CURRENT PLAN IS TO BUILD THE ENDOWMENT TO 2 MILLION, AT WHICH TIME THE FOUNDATION PLANS TO USE A PORTION OF THE ANNUAL INTEREST INCOME FOR ITS OPERATION. AT THE TIME WHEN THIS OCCURS, THE VIRGINIA BEACH EDUCATION FOUNDATION WILL ANNUALY DISTRIBUTE UP TO 4% OF THE MARKET VALUE OF THE FUND FOR THE PURPOSE OF ADMINISTERING GRANTS, OVER 4% WILL GO TO THE VIRGINIA BEACH EDUCATION FOUNDATION. IF THE PORTFOLIO NET WORTH IS LESS THAN 2,000,000 IT IS THE DISCRETION OF THE FINANCE TEAM WHETHER OR NOT TO USE THE INTEREST INCOME. PEARLS OF WISDO 23277 23277 26699 GOLF TOURNAMENT 16712 16712 20623 1 16623 16623 20359 56612 56612 67681 67681 -11069 false SCHOLARSHIPS 10 14700 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS ARE NOT MONITORED. FORM 990 - ORGANIZATION'S MISSION TO MAKE A DIFFERENCE IN THE EPUBLIC SCHOOLS OF VIRGINIA BEACH BY RAISING PRIVATE SECTOR SUPPORT TO FUND INNOVATIVE AND CREATIVE LEARNING PROGRAMS AND TO REWARD EDUCATIONAL EXELLENCE USING GRANTS TO HELP SUPPORT PILOT PROGRAMS RUN BY THE SCHOOL SYSTEM EDUCATORS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS ARE APPOINTED BY THE VIRGINIA BEACH SCHOOL BOARD FOR TERMS OF OFFICE OF THREE YEARS AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE APPOINTED. THE DIRECTORS OF THE BOARD VOTE ON OFFICERS WHO SERVE ON THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 11B THE EDUCATION FOUNDATION COORDINATOR, PRESIDENT AND TREASURER REVIEW THE FORM 990 BEFORE FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THSB LLC 641 CARRAGE HILL DR VIRGINIA BEACH VA 23452 113757923 EDUCATION VA VBCPSEF VIRGINIA BEACH CITY PUBLIC SCHOOLS PO BOX 6038 VIRGINIA BEACH VA 23456 540722075 EDUCATION VA GOV 2 N/A false false false false false false false false false false false false false false false true false false false false VIRGINIA BEACH CITY PUBLIC SCHOOL O 190349 SALARIES PAID BY CITY