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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 54-2024437

VIRGINIA FREE ENTERPRISE FOUNDATION

Tax-exempt · HENRICO, VA 23242

Financials

$21K$21K2023$20K$21K2024$31K$31K2025
Revenue Expenses · by fiscal year end
Financials of VIRGINIA FREE ENTERPRISE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$31,000$30,515$485$905$0$905
December 31, 2024990-EZ$20,000$20,500-$500$420$0$420
December 31, 2023990-EZ$20,670$21,250-$580$920$0$920
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$31,000

Expenses

Grants and similar amounts paid
$30,000
Compensation of officers, directors and key employees
$0
Other expenses
$515
Program services (functional)
$30,000

Balance sheet and other

Total assets, start of year
$420
Total assets, end of year
$905
Total liabilities, end of year
$0
Net assets, end of year
$905
Cash, savings and investments
$905
Gross receipts
$31,000

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
BERT DOBSONVICE CHAIR0.5$0
BRIAN MORGANCHAIR0.5$0
CHRISTOPHER B SAXMANDIRECTOR3$0
TOM MINNICKSECRETARY0.5$0
GARY THOMSONTREASURER0.5$0
CRAIG PARISOTPAST CHAIR0.5$0
990-EZ for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
CRAIG PARISOTCHAIR0.5$0
LAURA NOVEYPAST CHAIR0.5$0
CHRISTOPHER B SAXMANDIRECTOR3$0
TOM MINNICKSECRETARY0.5$0
GARY THOMSONTREASURER0.5$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
CRAIG PARISOTCHAIR0.5$0
LAURA NOVEYPAST CHAIR0.5$0
CHRISTOPHER B SAXMANDIRECTOR3$0
TOM MINNICKSECRETARY0.5$0
GARY THOMSONTREASURER0.5$0

Address and contacts

Address (IRS master file)
PO BOX 29268, HENRICO, VA 23242-0268
In care of
% K CLAYTON ROBERTS
Signed the 990-EZ
CHRISTOPHER B SAXMAN, EXECUTIVE DIRECTOR
Phone
(540) 294-0680
Return prepared by
CARMACK COMPANY

Mission

TO PROVIDE SUPPORT FOR THE RESEARCH, ANALYSIS AND EDUCATIONAL ACTIVITIES REQUIRED TO PROMOTE ENTERPRISE AND A PROSPEROUS BUSINESS ENVIRONMENT IN VIRGINIA.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • SUPPORT OF THE PROGRAMS FOR RESEARCH, ANALYSIS AND EDUCATION ACTIVITIES TO PROMOTE ENTERPRISE AND A PROPEROUS BUSINESS ENVIROMENT IN VIRGINIA
    Expenses $30,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-N for VIRGINIA FREE ENTERPRISE FOUNDATION

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
54-2024437
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2002
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$905
Income (IRS master file)
$31,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$31,000$30,515$905XML
990-EZDecember 2024$20,000$20,500$420XML
990-EZDecember 2023$20,670$21,250$920XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 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 54-2024437).

Questions about VIRGINIA FREE ENTERPRISE FOUNDATION

What is the EIN of VIRGINIA FREE ENTERPRISE FOUNDATION?
The employer identification number (EIN) of VIRGINIA FREE ENTERPRISE FOUNDATION is 54-2024437.
Is VIRGINIA FREE ENTERPRISE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to VIRGINIA FREE ENTERPRISE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does VIRGINIA FREE ENTERPRISE FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of VIRGINIA FREE ENTERPRISE FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VIRGINIA FREE ENTERPRISE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of VIRGINIA FREE ENTERPRISE FOUNDATION?
The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does VIRGINIA FREE ENTERPRISE FOUNDATION have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $31,000, expenses of $30,515 and total assets of $905 at year end.

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