Nonprofit · EIN 54-1473133
VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC
Tax-exempt · HENRICO, VA 23242
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $219,522 | $228,893 | -$9,371 | $62,483 | $3,075 | $59,408 |
| December 31, 2024 | 990 | $258,036 | $249,430 | $8,606 | $103,510 | $20,607 | $82,903 |
| December 31, 2023 | 990 | $246,768 | $246,117 | $651 | $73,946 | $3,600 | $70,346 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $154,553
- Membership dues
- $108,170
- Program service revenue
- $13,639
- Investment income
- $21,330
- Net gain from sales of assets
- $20,542
- Other revenue
- $30,000
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $135,000
- Salaries, compensation and benefits (total)
- $146,649
- Professional fundraising fees
- $0
- Accounting fees
- $19,824
- Travel
- $3,350
Balance sheet and other
- Total assets, start of year
- $103,510
- Total assets, end of year
- $62,483
- Total liabilities, end of year
- $3,075
- Net assets, end of year
- $59,408
- Gross receipts
- $269,691
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1988
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER B SAXMAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $135,000 |
| JAY ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| BENJAMIN DESSART | DIRECTOR Trustee or director | 1 | $0 |
| BERT DOBSON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BRIAN MORGAN | CHAIR Trustee or director, Officer | 1 | $0 |
| LAURA NOVEY | DIRECTOR Trustee or director | 1 | $0 |
| TODD HAYMORE | DIRECTOR Trustee or director | 1 | $0 |
| DORCAS HELFANT-BROWNING | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE JENNINGS | DIRECTOR Trustee or director | 1 | $0 |
| MARTIN KENT | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH KERSEY | DIRECTOR Trustee or director | 1 | $0 |
| MARK LAWRENCE | DIRECTOR Trustee or director | 1 | $0 |
| ESTHER LEE | DIRECTOR Trustee or director | 1 | $0 |
| SHEP MILLER | DIRECTOR Trustee or director | 1 | $0 |
| TOM MINNICK | SECRETARY Trustee or director, Officer | 2 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG PARISOT | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| BRYAN STEPHENS | DIRECTOR Trustee or director | 1 | $0 |
| GARY THOMSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DANNY VARGAS | DIRECTOR Trustee or director | 1 | $0 |
| BLUE JENKINS | DIRECTOR Trustee or director | 1 | $0 |
| TODD STOTTLEMYER | DIRECTOR Trustee or director | 1 | $0 |
| LARRY ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW STEILBERG | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN GASTON | DIRECTOR Trustee or director | 1 | $0 |
| PAUL LAWRENCE | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE BARRANCO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER B SAXMAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $135,000 |
| JAY ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| BENJAMIN DESSART | DIRECTOR Trustee or director | 1 | $0 |
| BERT DOBSON | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN MORGAN | DIRECTOR Trustee or director | 1 | $0 |
| LAURA NOVEY | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| JIM FRAZER | DIRECTOR Trustee or director | 1 | $0 |
| TODD HAYMORE | DIRECTOR Trustee or director | 1 | $0 |
| DORCAS HELFANT-BROWNING | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE JENNINGS | DIRECTOR Trustee or director | 1 | $0 |
| MARTIN KENT | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH KERSEY | DIRECTOR Trustee or director | 1 | $0 |
| PAUL LAWRENCE | DIRECTOR Trustee or director | 1 | $0 |
| ESTHER LEE | DIRECTOR Trustee or director | 1 | $0 |
| SHEP MILLER | DIRECTOR Trustee or director | 1 | $0 |
| TOM MINNICK | SECRETARY Trustee or director, Officer | 2 | $0 |
| CRAIG PARISOT | CHAIR Trustee or director, Officer | 2 | $0 |
| NICOLE BARRANCO | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN STEPHENS | DIRECTOR Trustee or director | 1 | $0 |
| GARY THOMSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DANNY VARGAS | DIRECTOR Trustee or director | 1 | $0 |
| BLUE JENKINS | DIRECTOR Trustee or director | 1 | $0 |
| TODD STOTTLEMYER | DIRECTOR Trustee or director | 1 | $0 |
| LARRY ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER B SAXMAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $135,000 | $7,200 |
| JAY ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BENJAMIN DESSART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BERT DOBSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN MORGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA NOVEY | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM FRAZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD HAYMORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORCAS HELFANT-BROWNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE JENNINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTIN KENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH KERSEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL LAWRENCE | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ESTHER LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEP MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM MINNICK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG PARISOT | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| NICOLE BARRANCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN STEPHENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN STOLLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY THOMSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DANNY VARGAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS J HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLUE JENKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD STOTTLEMYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 29268, HENRICO, VA 23242-0268
- Principal officer (990 for 2025)
- CHRISTOPHER B SAXMAN, PO BOX 29268, HENRICO, VA 26242
- Signed the 990
- CHRISTOPHER B SAXMAN, EXECUTIVE DIRECTOR
- Phone
- (540) 294-0680
- Website
- WWW.VAFREE.ORG
- Return prepared by
- CARMACK COMPANY
Mission
VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION IS AN INDEPENDENT ASSOCIATION COMMITTED TO PROTECTING AND STRENGTHENING VIRGINIA'S PROSPEROUS BUSINESS ENVIRONMENT THROUGH THE POLITICAL PROCESS. FOUNDED IN 1988, VIRGINA FREE PROVIDES A WEALTH OF OBJECTIVE, NON-PARTISAN INFORMATION TO BUSINESS. OUR INFORMATION, SERVICES AND PROGRAMS FOSTER A BUSINESS COMMUNITY PREPARED TO TAKE THE LEAD IN ELECTING LEGISLATORS WHO ADVANCE FREE ENTERPRISE AND RESPONSIBLE, PRO-BUSINESS GOVERNMENT.
Program accomplishments
- RESEARCH AND ANALYZE VOTING RECORDS OF VIRGINIA GENERAL ASSEMBLY ON ISSUES OF IMPORTANCE TO ECONOMIC DEVELOPMENT, JOB CREATION, VIRGINIA'S BUSINESS CLIMATE AND CITIZEN'S PROSPERITY. RESEARCH REPORT PUBLISHED AND DISTRIBUTED TO 5,000 INDIVIDUALS, CORPORATIONS, AND TRADE ASSOCIATIONS TO ASSIST IN EVALUATION OF LEGISLATIVE ISSUES AND FUTURE CONCERNS FOR BUSINESS AND INDUSTRY.
- RESEARCH AND ANALYZE ALL 140 LEGISLATIVE DISTRICTS AND 11 CONGRESSIONAL DISTRICTS IN VIRGINIA INCLUDING DEMOGRAPHIC STATISTICS PROVIDED BY THE U.S. CENSUS BUREAU, ACTUAL ELECTION RETURNS BY DISTRICT OVER A 10-YEAR PERIOD, ECONOMIC AND EMPLOYMENT STATISTICS, AND POPULATION VARIABLES. RESULTING REPORTS PRESENT SCIENTIFIC ANALYSES OF VIRGINIA'S POLITICAL JURISDICTIONS TO PINPOINT OPPORTUNITIES FOR ECONOMIC GROWTH AND DEVELOPMENT AS WELL AS AN ASSESSMENT OF THE RELATIVE POLITICAL STRENGTH OF BUSINESS AND INDUSTRY AND FREE-ENTERPRISE ORIENTED CANDIDATES.
- CONDUCT MULTIPLE LEADERSHIP FORUMS FOR MORE THAN 1,000 TOP LEADERS IN BUSINESS, INDUSTRY, GOVERNMENT, COMMUNITY AFFAIRS, EDUCATION AND POLITICS THROUGHOUT VIRGINIA. THESE EVENTS OFFER UNIQUE OPPORTUNITIES FOR THE EXCHANGE OF IMPORTANT IDEAS, OBJECTIVES AND POLICY INITIATIVES WITH THE GOAL OF ENHANCING VIRGINIA'S ECONOMIC VITALITY, BUSINESS PROSPERITY AND RESPONSIBLE GOVERNMENT.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1473133
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $62,483
- Income (IRS master file)
- $269,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $219,522 | $228,893 | $62,483 | XML |
| 990 | December 2024 | $258,036 | $249,430 | $103,510 | XML |
| 990 | December 2023 | $246,768 | $246,117 | $73,946 | XML |
| 990 | December 2022 | $225,826 | $245,801 | $67,597 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 54-1473133).
Questions about VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC
- What is the EIN of VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC?
- The employer identification number (EIN) of VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC is 54-1473133.
- Is VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION 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 FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC 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 FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC?
- The 990 for the year ended December 31, 2025 names CHRISTOPHER B SAXMAN.
- Who are the officers and directors of VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC?
- The 990 for the year ended December 31, 2025 lists 26 people; 1 received compensation from the organization, the highest $135,000 (CHRISTOPHER B SAXMAN, EXECUTIVE DIRECTOR).
- How much revenue does VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $219,522, expenses of $228,893 and total assets of $62,483 at year end.
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