Nonprofit · EIN 54-1870848
VIRGINIA INSTITUTE FOR PUBLIC POLICY
Tax-exempt · LEXINGTON, VA 24450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,353,550 | $1,320,561 | $32,989 | $426,292 | $132,121 | $294,171 |
| December 31, 2023 | 990 | $1,178,491 | $1,016,078 | $162,413 | $404,809 | $144,255 | $260,554 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,347,489
- Program service revenue
- $0
- Investment income
- $4,805
- Other revenue
- $1,256
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $365,245
- Salaries, compensation and benefits (total)
- $512,412
- Professional fundraising fees
- $0
- Accounting fees
- $20,857
- Occupancy
- $25,208
- Travel
- $145,998
- Depreciation
- $24,003
- Program services (functional)
- $1,153,513
- Management and general (functional)
- $50,062
- Fundraising (functional)
- $116,986
Balance sheet and other
- Total assets, start of year
- $405,437
- Total assets, end of year
- $426,292
- Total liabilities, end of year
- $132,121
- Net assets, end of year
- $294,171
- Land, buildings and equipment
- $96,012
- Net assets without donor restrictions
- $294,171
- Gross receipts
- $1,353,550
- Employees
- 8
- Volunteers
- 0
- Year formed
- 1997
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNN TAYLOR | PRESIDENT/CEO Trustee or director, Officer | 40 | $110,000 |
| TIMOTHY E DONNOR | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| DERWOOD S CHASE JR | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES J COOPER | DIRECTOR Trustee or director | 2 | $0 |
| BECKY NORTON DUNLOP | DIRECTOR Trustee or director | 2 | $0 |
| DOUGLAS C MILLS | TREASURER Trustee or director, Officer | 2 | $0 |
| RICHARD F NORMAN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNN TAYLOR | PRESIDENT/CEO Trustee or director, Officer | 40 | $96,458 |
| TIMOTHY E DONNOR | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| DERWOOD S CHASE JR | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES J COOPER | DIRECTOR Trustee or director | 2 | $0 |
| BECKY NORTON DUNLOP | DIRECTOR Trustee or director | 2 | $0 |
| DOUGLAS C MILLS | TREASURER Trustee or director, Officer | 2 | $0 |
| RICHARD F NORMAN | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 76, LEXINGTON, VA 24450-0076
- Principal officer (990 for 2024)
- LYNN TAYLOR, PO BOX 76, LEXINGTON, VA 24450
- Signed the 990
- LYNN TAYLOR, PRESIDENT
- Phone
- (540) 245-1776
- Website
- WWW.VIRGINIAINSTITUTE.ORG
- Return prepared by
- UHY ADVISORS GREAT LAKES INC
Mission
THE ORGANIZATION IS COMMITTED TO THE GOALS OF INDIVIDUAL OPPORTUNITY AND ECONOMIC GROWTH. THROUGH RESEARCH, POLICY RECOMMENDATIONS, AND SYMPOSIA, THE INSTITUTE WORKS AHEAD OF THE POLITICAL PROCESS TO LAY THE INTELLECTUAL FOUNDATION FOR A SOCIETY DEDICATED TO INDIVIDUAL LIBERTY, DYNAMIC ENTREPRENEURIAL CAPITALISM, PRIVATE PROPERTY, THE RULE OF LAW, AND CONSTITUTIONALLY-LIMITED GOVERNMENT.
Program accomplishments
- WE FOCUS ON PUBLIC POLICY ISSUES PERTINENT TO THE COMMONWEALTH WITH AN EMPHASIS ON THE FOLLOWING THEMES:THE PEOPLE VS. THE "ANOINTED; ELECTION INTEGRITY AND TRANSPARENCY; EDUCATION; CAPITALISM VS. DEMOCRATIC SOCIALISM; DEVOLUTION OF POWER; PHILSOPHY OF LAW.A MAJOR PORTION OF OUR POLICY RESEARCH INVOLVES REDEFINING THE ROLE, SCOPE, AND COST OF GOVERNMENT IN A FREE SOCIETY.Expenses $1,153,513
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 | Not 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
- 54-1870848
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $426,292
- Income (IRS master file)
- $1,353,550
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,353,550 | $1,320,561 | $426,292 | XML |
| 990 | December 2023 | $1,178,491 | $1,016,078 | $404,809 | XML |
| 990 | December 2022 | $506,466 | $576,299 | $105,287 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 54-1870848).
Questions about VIRGINIA INSTITUTE FOR PUBLIC POLICY
- What is the EIN of VIRGINIA INSTITUTE FOR PUBLIC POLICY?
- The employer identification number (EIN) of VIRGINIA INSTITUTE FOR PUBLIC POLICY is 54-1870848.
- Is VIRGINIA INSTITUTE FOR PUBLIC POLICY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to VIRGINIA INSTITUTE FOR PUBLIC POLICY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA INSTITUTE FOR PUBLIC POLICY 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 INSTITUTE FOR PUBLIC POLICY 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 INSTITUTE FOR PUBLIC POLICY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VIRGINIA INSTITUTE FOR PUBLIC POLICY?
- The 990 for the year ended December 31, 2024 names LYNN TAYLOR.
- Who are the officers and directors of VIRGINIA INSTITUTE FOR PUBLIC POLICY?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $110,000 (LYNN TAYLOR, PRESIDENT/CEO).
- How much revenue does VIRGINIA INSTITUTE FOR PUBLIC POLICY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,353,550, expenses of $1,320,561 and total assets of $426,292 at year end.
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