Nonprofit · EIN 87-1648581
VIRGINIA PROMISE IN ACTION INC
Tax-exempt · RICHMOND, VA 23230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $591,577 | $232,059 | $359,518 | $796,274 | $85,451 | $710,823 |
| June 30, 2024 | 990 | $450,000 | $242,619 | $207,381 | $388,912 | $37,607 | $351,305 |
| June 30, 2023 | 990 | $250,000 | $157,983 | $92,017 | $205,375 | $61,451 | $143,924 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $590,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $1,577
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,418
- Travel
- $349
- Program services (functional)
- $232,059
Balance sheet and other
- Total assets, start of year
- $388,912
- Total assets, end of year
- $796,274
- Total liabilities, end of year
- $85,451
- Net assets, end of year
- $710,823
- Net assets without donor restrictions
- $710,823
- Gross receipts
- $591,577
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2021
- 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 |
|---|---|---|---|
| SHERRIE ARMSTRONG | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES W DYKE JR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL D KOONCE | DIRECTOR Trustee or director | 1 | $0 |
| GARY R THOMSON | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRIE ARMSTRONG | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES W DYKE JR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL D KOONCE | DIRECTOR Trustee or director | 1 | $0 |
| GARY R THOMSON | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRIE ARMSTRONG | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES W DYKE JR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL D KOONCE | DIRECTOR Trustee or director | 1 | $0 |
| GARY R THOMSON | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6492, RICHMOND, VA 23230-0492
- In care of
- % GARY THOMSON
- Principal officer (990 for 2024)
- GARY R THOMSON, PO BOX 6492, RICHMOND, VA 23230
- Signed the 990
- GARY R THOMSON, TREASURER
- Phone
- (804) 301-8094
- Website
- VAPROMISEINACTION.ORG
- Return prepared by
- TRUSTWARD
Mission
VIRGINIA PROMISE IN ACTION IS FOCUSED ON BUILDING THE POLITICAL WILL NECESSARY TO ADVANCE EFFECTIVE POLICY IMPROVEMENTS AND INCREASE INVESTMENT IN VIRGINIA'S CHILD CARE SYSTEM.
Program accomplishments
- WORKING TOWARD ENSURING EVERY VIRGINIA FAMILY HAS ACCESS TO QUALITY, AFFORDABLE CHILD CARE.Expenses $232,059 · revenue $591,577
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
- 87-1648581
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R01)
- Assets (IRS master file)
- $796,274
- Income (IRS master file)
- $591,577
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $591,577 | $232,059 | $796,274 | XML |
| 990 | June 2024 | $450,000 | $242,619 | $388,912 | IRS |
| 990 | June 2023 | $250,000 | $157,983 | $205,375 | XML |
| 990 | June 2022 | $100,000 | $98,503 | $99,325 | IRS |
| 990 | December 2021 | – | – | – | 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 87-1648581).
Questions about VIRGINIA PROMISE IN ACTION INC
- What is the EIN of VIRGINIA PROMISE IN ACTION INC?
- The employer identification number (EIN) of VIRGINIA PROMISE IN ACTION INC is 87-1648581.
- Is VIRGINIA PROMISE IN ACTION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2023.
- Are donations to VIRGINIA PROMISE IN ACTION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA PROMISE IN ACTION INC 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 PROMISE IN ACTION INC 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 PROMISE IN ACTION INC 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 PROMISE IN ACTION INC?
- The 990 for the year ended June 30, 2025 names GARY R THOMSON.
- Who are the officers and directors of VIRGINIA PROMISE IN ACTION INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA PROMISE IN ACTION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $591,577, expenses of $232,059 and total assets of $796,274 at year end.
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All nonprofits in RICHMOND · Virginia · Civil rights, social action and advocacy