Nonprofit · EIN 54-1653085
VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION
Tax-exempt · MIDLOTHIAN, VA 23114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $44,437 | $42,417 | $2,020 | $551,416 | $0 | $551,416 |
| June 30, 2024 | 990 | $44,372 | $35,793 | $8,579 | $510,239 | $0 | $510,239 |
| June 30, 2023 | 990-EZ | $27,211 | $8,620 | $18,591 | $493,054 | $0 | $493,054 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $38,194
- Program service revenue
- $0
- Investment income
- $6,228
- Other revenue
- $15
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $42,417
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $42,417
Balance sheet and other
- Total assets, start of year
- $510,239
- Total assets, end of year
- $551,416
- Total liabilities, end of year
- $0
- Net assets, end of year
- $551,416
- Publicly traded securities
- $521,405
- Net assets without donor restrictions
- $551,416
- Gross unrelated business income
- $6,228
- Gross receipts
- $44,437
- Employees
- 0
- Year formed
- 1993
- 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 |
|---|---|---|---|
| MAGIN SANCHEZ | DIRECTOR Trustee or director | 1 | $0 |
| MALINDA HOGAN | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE HOLT | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA LEONARD | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN LOCK | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| MIKE MILLS | DIRECTOR Trustee or director | 3 | $0 |
| BEVERLY ROSS | DIRECTOR Trustee or director | 1 | $0 |
| TIM RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH SAMS | DIRECTOR Trustee or director | 1 | $0 |
| GENE STRALEY | DIRECTOR Trustee or director | 1 | $0 |
| NICK WESTERN | DIRECTOR Trustee or director | 1 | $0 |
| KARA WOOD | DIRECTOR Trustee or director | 1 | $0 |
| JULIE JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| SEAN HOWARD | DIRECTOR Trustee or director | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILA BEDFORD | DIRECTOR Trustee or director | 1 | $0 |
| KHALIL ANDRAOS | PRESIDENT Officer | 3 | $0 |
| BRIAN FERRELL | VICE PRESIDENT Officer | 3 | $0 |
| SALLY MARTIN | SECRETARY Officer | 3 | $0 |
| SANDY MILLS | DIRECTOR Officer | 3 | $0 |
| MEREDITH MILLS | TREASURER Officer | 3 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GENE STRALEY | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| NICK WESTERN | DIRECTOR Trustee or director | 1 | $0 |
| DREW MULLINS | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH SAMS | DIRECTOR Trustee or director | 1 | $0 |
| BEVERLY ROSS | DIRECTOR Trustee or director | 1 | $0 |
| BARBARA SMALL | DIRECTOR Trustee or director | 1 | $0 |
| KARA WOOD | DIRECTOR Trustee or director | 1 | $0 |
| DANIELLE DUNN | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER SCHEETZ | Director Trustee or director | 1 | $0 |
| MALINDA HOGAN | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN LOCK | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA LEONARD | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE HOLT | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN FERRELL | VICE PRESIDENT Officer | 3 | $0 |
| KHALIL ANDRAOS | PRESIDENT Officer | 3 | $0 |
| SALLY MARTIN | SECRETARY Officer | 3 | $0 |
| MEREDITH RITKO | TREASURER Officer | 3 | $0 |
| SANDY MILLS | DIRECTOR Officer | 3 | $0 |
990-EZ for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KHALIL ANDRAOS | PRESIDENT | 3 | $0 |
| DANIELLE DUNN | DIRECTOR | 1 | $0 |
| BRIAN FERRELL | VICE PRESIDENT | 3 | $0 |
| MALINDA HOGAN | DIRECTOR | 1 | $0 |
| STEPHANIE HOLT | DIRECTOR | 1 | $0 |
| VIRGINIA LEONARD | DIRECTOR | 1 | $0 |
| STEPHEN LOCK | DIRECTOR | 1 | $0 |
| SALLY MARTIN | SECRETARY | 3 | $0 |
| DANIEL MAHONEY | DIRECTOR | 1 | $0 |
| SANDY MILLS | DIRECTOR | 3 | $0 |
| DREW MULLINS | DIRECTOR | 1 | $0 |
| MEREDITH RITKO | TREASURER | 3 | $0 |
| BEVERLY ROSS | DIRECTOR | 1 | $0 |
| JUDITH SAMS | DIRECTOR | 1 | $0 |
| BARBARA SMALL | DIRECTOR | 1 | $0 |
| GENE STRALEY | DIRECTOR | 1 | $0 |
| NICK WESTERN | DIRECTOR | 1 | $0 |
| KARA WOOD | DIRECTOR | 1 | $0 |
| JENNIFER SCHEETZ | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 319 ROSSMERE DR, MIDLOTHIAN, VA 23114-3089
- In care of
- % MEREDITH MILLS
- Signed the 990
- MEREDITH MILLS, Treasurer
- Phone
- (917) 528-1192
- Return prepared by
- My Personal Tax CPA LLC
Mission
See Sch O.
Program accomplishments
- The Organization currently serves approximately 1,872 students throughout the state of Virginia in various business programs.Expenses $42,417
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 54-1653085
- 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
- 1998
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B51Z)
- Assets (IRS master file)
- $551,416
- Income (IRS master file)
- $44,437
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $44,437 | $42,417 | $551,416 | XML |
| 990 | June 2024 | $44,372 | $35,793 | $510,239 | XML |
| 990-EZ | June 2023 | $27,211 | $8,620 | $493,054 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | 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 54-1653085).
Questions about VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION
- What is the EIN of VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION?
- The employer identification number (EIN) of VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION is 54-1653085.
- Is VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION 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 FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA FUTURE BUSINESS LEADERS OF AMERICA PHI BETA LAMBDA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $44,437, expenses of $42,417 and total assets of $551,416 at year end.
Other nonprofits in MIDLOTHIAN
- BRIGHTPOINT COMMUNITY COLLEGE FOUNDATION EIN 52-1389646 · last filed 990 for 2025
- IQRA ACADEMY OF VIRGINIA EIN 56-2525403 · last filed 990 for 2025
- MIDLOTHIAN ATHLETIC BOOSTERS ASSOCIATIONS EIN 56-2399748 · last filed 990 for 2026
- IT4CAUSES EIN 47-1992190 · last filed 990 for 2025
- SOUTH SUDAN NATION BUILDERS EIN 83-1739061 · last filed 990 for 2025
- COSBY HIGH SCHOOL CHORAL BOOSTERS EIN 27-0144373 · last filed 990 for 2025
- VIRGINIA INTERNATIONAL GYMNASTICS BOOSTER CLUB EIN 54-1589892 · last filed 990 for 2024
- FRIENDS OF THE CHESTERFIELD COUNTY PUBLIC LIBRARY EIN 52-1245254 · last filed 990 for 2025