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Nonprofit · EIN 51-0242962

VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC

Tax-exempt · VIRGINIA BCH, VA 23451

Financials

$895K$2.5M2023$1M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,041,002$1,565,118-$524,116$15,322,293$2,303,224$13,019,069
December 31, 2023990$895,493$2,470,485-$1,574,992$15,171,463$2,592,742$12,578,721
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$323,601
Program service revenue
$0
Investment income
$748,605
Net gain from sales of assets
$285,530
Net income from fundraising events
-$33,098
Other revenue
-$31,204

Expenses

Grants and similar amounts paid
$455,226
Compensation of officers, directors and key employees
$121,361
Other salaries and wages
$158,768
Salaries, compensation and benefits (total)
$322,056
Professional fundraising fees
$0
Legal fees
$22,574
Accounting fees
$17,318
Depreciation
$2,707
Program services (functional)
$1,205,396
Management and general (functional)
$267,415
Fundraising (functional)
$92,307

Balance sheet and other

Total assets, start of year
$15,171,463
Total assets, end of year
$15,322,293
Total liabilities, end of year
$2,303,224
Net assets, end of year
$13,019,069
Land, buildings and equipment
$6,000
Publicly traded securities
$13,620,009
Net assets without donor restrictions
$7,617,361
Net assets with donor restrictions
$5,401,708
Gross receipts
$6,051,913
Employees
7
Year formed
1982
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Gina BenefielExecutive Director
Officer
40$121,362
Elizabeth TuohyPresident
Trustee or director, Officer
0$0
Lisa ParksVice President
Trustee or director, Officer
0$0
John SteinTreasurer
Trustee or director, Officer
0$0
Mollie KorteSecretary
Trustee or director, Officer
0$0
Page MiyaresImmediate Past President
Trustee or director, Officer
0$0
Susan AllenDirector
Trustee or director
0$0
Andrew CohenDirector
Trustee or director
0$0
Buffy BarefootDirector
Trustee or director
0$0
Tom BartonDirector
Trustee or director
0$0
Herbert Culpepper JrDirector
Trustee or director
0$0
Freddie FletcherDirector
Trustee or director
0$0
Izaak GlasserDirector
Trustee or director
0$0
Ellen McBrideDirector
Trustee or director
0$0
David WhitleyDirector
Trustee or director
0$0
4 more people on this return
NameTitleHours / weekCompensation
Eric WrayDirector
Trustee or director
0$0
Richard DoubVBVRS Chief
Trustee or director
0$0
Walt YanceyVBVRS Treasurer
Trustee or director
0$0
Michael McCrackenRescue Council President
Trustee or director
0$0
990 for the year ended December 31, 2023: 26 people
NameTitleHours / weekCompensation
GINA BENEFIELEXECUTIVE DI
Officer
40$110,188
CLARENCE J SMITH IIIIMMED PAST P
Trustee or director, Officer
–$0
PAGE ATKINSON MIYARESPRESIDENT
Trustee or director, Officer
–$0
JOHN C STEINTREASURER
Trustee or director, Officer
–$0
ELIZABETH A TWOHYVICE-PRESIDE
Trustee or director, Officer
–$0
LISA E PARKSSECRETARY
Trustee or director, Officer
–$0
THOMAS L HARP JRDIRECTOR
Trustee or director
–$0
IZAAK GLASSERDIRECTOR
Trustee or director
–$0
C DAVID WHITLEYDIRECTOR
Trustee or director
–$0
ELLEN MCBRIDEDIRECTOR
Trustee or director
–$0
JOHN W RICHARDSONDIRECTOR
Trustee or director
–$0
TOM BARTON IIIDIRECTOR
Trustee or director
–$0
MOLLIE SESSOMS KORTEDIRECTOR
Trustee or director
–$0
WALTON E YANCEY JRDIRECTOR
Trustee or director
–$0
HERBERT A CULPEPPER JRDIRECTOR
Trustee or director
–$0
DANIEL V UNGERDIRECTOR
Trustee or director
–$0
JOHN NEUMAYERDIRECTOR
Trustee or director
–$0
SUSAN ALLENDIRECTOR
Trustee or director
–$0
BUFFY BAREFOOTDIRECTOR
Trustee or director
–$0
MATTHEW CHIARADIADIRECTOR
Trustee or director
–$0
ANDREW COHENDIRECTOR
Trustee or director
–$0
MICHAEL MCCRACKENDIRECTOR
Trustee or director
–$0
RICK SCHOEWDIRECTOR
Trustee or director
–$0
ERIC V WRAY IIDIRECTOR
Trustee or director
–$0
ADDISON BLACKWELLDIRECTOR
Trustee or director
–$0
PAUL FEAKINSDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
740 VIRGINIA BEACH BLVD, VIRGINIA BCH, VA 23451-4234
In care of
% JOHN STEIN
Signed the 990
JOHN STEIN, Treasurer
Phone
(757) 437-0968
Return prepared by
Lesher Tax Services

Mission

To support an independent and vital Virginia Beach Volunteer rescue system.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide total funding for recruitment and retention campaign for volunteers of the Virginia Beach Rescue Squad system.
    Expenses $519,513
  • Payments to or on behalf of Virginia Beach Rescue Squad, Inc.
    Expenses $485,883 · grants $255,226
  • An annual grant program available to all rescue-related entities in Virginia Beach.
    Expenses $200,000 · grants $200,000

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 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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-0242962
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
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$15,322,293
Income (IRS master file)
$6,051,913

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,041,002$1,565,118$15,322,293XML
990December 2023$895,493$2,470,485$15,171,463XML
990December 2022$697,641$2,159,573$15,740,028IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 51-0242962).

Questions about VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC

What is the EIN of VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC?
The employer identification number (EIN) of VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC is 51-0242962.
Is VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VIRGINIA BEACH RESCUE SQUAD FOUNDATION 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 BEACH RESCUE SQUAD FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $121,362 (Gina Benefiel, Executive Director).
How much revenue does VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,041,002, expenses of $1,565,118 and total assets of $15,322,293 at year end.

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