Nonprofit · EIN 27-1647574
VIRGINIA FOUNDATION FOR LD STUDENTS
Tax-exempt · VIRGINIA BCH, VA 23462
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $697,291 | $362,295 | $334,996 | $430,433 | $36 | $430,397 |
| June 30, 2024 | 990 | $424,134 | $854,439 | -$430,305 | $246,672 | $151,271 | $95,401 |
| June 30, 2023 | 990 | $1,034,595 | $819,739 | $214,856 | $525,706 | $0 | $525,706 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $697,291
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $333,888
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $250
- Accounting fees
- $7,650
- Occupancy
- $6,000
- Program services (functional)
- $343,721
- Management and general (functional)
- $18,574
Balance sheet and other
- Total assets, start of year
- $246,672
- Total assets, end of year
- $430,433
- Total liabilities, end of year
- $36
- Net assets, end of year
- $430,397
- Net assets without donor restrictions
- $430,397
- Gross receipts
- $697,291
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2009
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNE L WEBSTER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MATT BENEDETTI | TREASURER Trustee or director, Officer | 1 | $0 |
| JOSH MYERS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DARLENE PIERRO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVIS RENNOLDS | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNE L WEBSTER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MATT BENEDETTI | TREASURER Trustee or director, Officer | 1 | $0 |
| JOSH MEYERS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DARLENE PIERRO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID REYNOLDS | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNE L WEBSTER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MATT BENEDETTI | TREASURER Trustee or director, Officer | 1 | $0 |
| JOSH MEYERS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DARLENE PIERRO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 821 BAKER RD, VIRGINIA BCH, VA 23462-1004
- In care of
- % MARYANNE DUKAS
- Principal officer (990 for 2024)
- JOANNE WEBSTER, 821 BAKER ROAD, VIRGINIA BEACH, VA 23462
- Signed the 990
- JOANNE WEBSTER, PRESIDENT
- Phone
- (757) 747-1674
- Website
- HTTPS://WWW.VFLDS.ORG/HOME
- Return prepared by
- EIDE BAILLY LLP
Mission
THE VIRGINIA FOUNDATION FOR LD STUDENTS WAS ESTABLISHED TO SERVE STUDENTS WITH FINANCIAL NEED WHOSE LIVES WOULD BE TRANSFORMED BY AN INDIVIDUALIZED EDUCATION. STUDENTS SUPPORTED BY THIS FOUNDATION COME FROM A WIDE RANGE OF SOCIOECONOMIC BACKGROUNDS; OVER 20% OF FAMILIES CURRENTLY RECEIVING TUITION ASSISTANCE LIVE AT OR BELOW THE FEDERAL POVERTY LEVEL. SUPPORTERS OF THIS EDUCATIONAL FOUNDATION SECURE OUR ABILITY TO OFFER STUDENTS CRITICAL SCHOLARSHIP FUNDS, WHILE AT THE SAME TIME REALIZING SIGNIFICANT TAX SAVINGS FOR DONORS. THE IMPACT OF YOUR GIFT TO VFLDS IS TRULY LIFE CHANGING.
Program accomplishments
- THE VIRGINIA FOUNDATION FOR LD STUDENTS WAS ESTABLISHED TO SERVE STUDENTS WITH FINANCIAL NEED WHOSE LIVES WOULD BE TRANSFORMED BY AN INDIVIDUALIZED EDUCATION. STUDENTS SUPPORTED BY THIS FOUNDATION COME FROM A WIDE RANGE OF SOCIOECONOMIC BACKGROUNDS; OVER 20% OF FAMILIES CURRENTLY RECEIVING TUITION ASSISTANCE LIVE AT OR BELOW THE FEDERAL POVERTY LEVEL. SUPPORTERS OF THIS EDUCATIONAL FOUNDATION SECURE OUR ABILITY TO OFFER STUDENTS CRITICAL SCHOLARSHIP FUNDS, WHILE AT THE SAME TIME REALIZING SIGNIFICANT TAX SAVINGS FOR DONORS. THE IMPACT OF YOUR GIFT TO VFLDS IS TRULY LIFE CHANGING.Expenses $343,721 · grants $333,888
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1647574
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $430,433
- Income (IRS master file)
- $697,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $697,291 | $362,295 | $430,433 | XML |
| 990 | June 2024 | $424,134 | $854,439 | $246,672 | XML |
| 990 | June 2023 | $1,034,595 | $819,739 | $525,706 | XML |
| 990 | June 2022 | $472,208 | $724,549 | $310,850 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1647574).
Questions about VIRGINIA FOUNDATION FOR LD STUDENTS
- What is the EIN of VIRGINIA FOUNDATION FOR LD STUDENTS?
- The employer identification number (EIN) of VIRGINIA FOUNDATION FOR LD STUDENTS is 27-1647574.
- Is VIRGINIA FOUNDATION FOR LD STUDENTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to VIRGINIA FOUNDATION FOR LD STUDENTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA FOUNDATION FOR LD STUDENTS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA FOUNDATION FOR LD STUDENTS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA FOUNDATION FOR LD STUDENTS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA FOUNDATION FOR LD STUDENTS?
- The 990 for the year ended June 30, 2025 names JOANNE WEBSTER.
- Who are the officers and directors of VIRGINIA FOUNDATION FOR LD STUDENTS?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA FOUNDATION FOR LD STUDENTS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $697,291, expenses of $362,295 and total assets of $430,433 at year end.
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