2024-12-20T11:41:06-05:00 2024-06-30 541571464 CORBIN & COMPANY PC 501 INDEPENDENCE PARKWAY STE 275 CHESAPEAKE VA 23320 990 2023-07-01 541637620 VIRGINIA BEACH PUBLIC SCHOOLS EDUCATION FOUNDATION AND SUBSIDIARY VIRG 7572631069 641 CARRIAGE HILL RD VIRGINIA BEACH VA 23452 WILL MORALES PRESIDENT 7572631069 2024-12-17 true true JULIE L SOKOLOWSKI CPA P01328383 7574364577 2024-12-17 2023 2024-10-15 13:58:12Z WILL MORALES 2603241 false X WWW.VBEF.ORG X 1991 VA TO MAKE A DIFFERENCE IN THE EPUBLIC SCHOOLS OF VIRGINIA BEACH BY RAISING PRIVATE SECTOR SUPPORT TO FUND INNOVATIVE AND CREATIVE LEARNING PROGRAMS AND TO REWARD EDUCATIONAL EXELLENCE USING GRANTS TO HELP SUPPORT PILOT PROGRAMS RUN BY THE SCHOOL SYSTEM EDUCATORS. 17 17 0 50 0 590605 554621 0 21392 85139 -17377 -9591 594620 630169 14700 24220 0 0 0 0 722096 697614 736796 721834 -142176 -91665 2952483 3011823 101166 105034 2851317 2906789 X TO MAKE A DIFFERENCE IN THE EPUBLIC SCHOOLS OF VIRGINIA BEACH BY RAISING PRIVATE SECTOR SUPPORT TO FUND INNOVATIVE AND CREATIVE LEARNING PROGRAMS AND TO REWARD EDUCATIONAL EXELLENCE USING GRANTS TO HELP SUPPORT PILOT PROGRAMS RUN BY THE SCHOOL SYSTEM EDUCATORS. false false 436853 EDUCATIONAL PROGRAMS - THE FOUNDATION AWARDED 69 GRANTS FOR INOVATIVE PROJECTS IN THE CURRENT YEAR. THE GRANTS WERE AWARDED TO SCHOOLS FOR PROJECTS THAT TEACHERS HAVE DESIGNED TO ENHANCE STUDENT ACHIEVEMENT. GRANTS ARE AWARDED UP TO 20,000 EACH. 5 TEACHER OF THE YEAR AWARDS WERE ALSO GRANTED IN THE CURRENT YEAR. 24220 24220 SCHOLARSHIPS - THE VIRGINIA BEACH EDUCATION FOUNDATION (VBEF) MANGES RESTRICTED FUNDS FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO GRADUATING SENIORS IN VIRGINIA BEACH CITY PUBLIC SCHOOLS (VBCPS). IN THE CURRENT YEAR 10 SCHOLARSHIPS WERE AWARDED. 230283 STUDENT SUPPORT - THE BEACH BAGS PROGRAM, WHICH PROVIDEDS SHELF-STABLE FOOD TO VIRGINIA BEACH PUBLIC SCHOOL STUDENTS IN NEED OF FOOD DURING WEEKENDS AND HOLIDAYS, IS A PROGRAM FOR WHICH FUNDS ARE RESTRICTED THROUGH THE FOUNDATION. MY FRIEND'S CLOSET PROVIDES CLOTHING TO VIRGINIA BEACH PUBLIC SCHOOL STUDENTS IN NEED. BACK TO SCHOOL CARE ITEMS ARE ALSO PROVIDED TO STUDENTS. ADDITIONAL RESTRICTED FUNDING DESIGNATED BY DONORS MAY ALSO BE MADE TO BENEFIT VIRGINIA BEACH STUDENTS. 691356 true true false false false false false false false true false false false true false false false true false false false false false false true false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false true true false false false false false false false false X 17 17 false false false false false true false true true false false false true true false false true false false false VA X DEBBIE HUGHES 7572631069 641 CARRIAGE HILL RD VIRGINIA BEACH VA 23452 DEBBIE HUGHES COORDINATOR 40.00 X 0 118645 0 WILL MORALES PRESIDENT 2.00 X X 0 0 0 MONICA CURRY PRESIDENT EL 2.00 X X 0 0 0 SKIP TEMPLETON TREASURER 2.00 X X 0 0 0 CHRISTINE GUSTAFSON SECRETARY 2.00 X X 0 0 0 KEVIN HILL PAST PRESIDE 2.00 X X 0 0 0 JON ABRAHAMS DIRECTOR 0.10 X 0 0 0 MORGAN ALBISTON DIRECTOR 0.10 X 0 0 0 TONY ARNOLD DIRECTOR 0.10 X 0 0 0 JUSTIN BALLARD DIRECTOR 0.10 X 0 0 0 TOM BARRINGER DIRECTOR 0.10 X 0 0 0 ROB BERZ DIRECTOR 0.10 X 0 0 0 DANIEL EDWARDS DIRECTOR 0.10 X 0 0 0 JOE FLANAGAN DIRECTOR 0.10 X 0 0 0 SHEILA MAGULA DIRECTOR 0.10 X 0 0 0 AMY MALLINSON DIRECTOR 0.10 X 0 0 0 DEBBIE NADIRAN DIRECTOR 0.10 X 0 0 0 ROBYN NISS DIRECTOR 0.10 X 0 0 0 118645 false false false 554621 10946 554621 70299 70299 88 88 1912974 250 1898296 88 14678 162 14840 162 14678 63626 74688 -11062 -11062 CREDIT CARD REWARDS 1383 1383 1383 630169 1545 74003 24220 24220 1050 1050 11850 11850 3680 3680 5870 5870 16566 2668 13898 INNOVATIVE LEARNING AWARD 251102 251102 BEACH BAGS PROGRAM EXP 186246 186246 SUSTAINABLE ENERGY COURSE 175000 175000 MY FRIENDS CLOSET PROGRAM 29504 29504 16746 16746 721834 691356 30478 0 3 378471 401590 74517 38224 3625 2293188 2338967 206307 229414 2952483 3011823 5000 12700 16166 12334 80000 80000 101166 105034 X 2411755 2601955 439562 304834 2851317 2906789 2952483 3011823 -91665 147137 X false true true false X 317532 270427 298614 590605 554621 2031799 172063 172924 191140 536127 489595 443351 489754 590605 554621 2567926 2567926 48401 29604 41004 74657 70387 264053 2831979 3308 0.90680 0.90860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2411214 219899 -217000 2414113 2236926 174288 2411214 2248764 -211838 2236926 2236662 212102 2448764 2194688 41974 2236662 1.00000 false false CONSTRUCTION IN PROGRESS 119168 PROJECT LAND 110246 229414 984277 147137 210651 357788 626489 3680 3680 630169 928805 210651 210651 718154 3680 3680 721834 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S PLAN WAS TO BUILD THE ENDOWMENT TO 2 MILLION, AT WHICH TIME THE FOUNDATION IS ALLOWED TO USE A PORTION OF THE ANNUAL EARNINGS FOR ITS OPERATIONS. THE VIRGINIA BEACH EDUCATION FOUNDATION HAS A POLICY TO ANNUALY DISTRIBUTE 5% OF THE THREE-YEAR AVERAGE OF THE FAIR MARKET VALUE OF THE ENDOWMENT FUNDS FOR OPERATIONS. PEARLS OF WISDO 28005 28005 27654 GOLF TOURNAMENT 23351 23351 21193 1 11050 11050 17825 62406 62406 66672 66672 -4266 false SCHOLARSHIPS 14 24220 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS ARE NOT MONITORED. FORM 990 - ORGANIZATION'S MISSION TO MAKE A DIFFERENCE IN THE EPUBLIC SCHOOLS OF VIRGINIA BEACH BY RAISING PRIVATE SECTOR SUPPORT TO FUND INNOVATIVE AND CREATIVE LEARNING PROGRAMS AND TO REWARD EDUCATIONAL EXELLENCE USING GRANTS TO HELP SUPPORT PILOT PROGRAMS RUN BY THE SCHOOL SYSTEM EDUCATORS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS ARE APPOINTED BY THE VIRGINIA BEACH SCHOOL BOARD FOR TERMS OF OFFICE OF THREE YEARS AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE APPOINTED. THE DIRECTORS OF THE BOARD VOTE ON OFFICERS WHO SERVE ON THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 11B THE EDUCATION FOUNDATION COORDINATOR, PRESIDENT AND TREASURER REVIEW THE FORM 990 BEFORE FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THSB LLC 641 CARRAGE HILL DR VIRGINIA BEACH VA 23452 113757923 EDUCATION VA VBCPSEF VIRGINIA BEACH CITY PUBLIC SCHOOLS PO BOX 6038 VIRGINIA BEACH VA 23456 540722075 EDUCATION VA GOV 2 N/A false false false false false false false false false false false false false false false true false false false false VIRGINIA BEACH CITY PUBLIC SCHOOL O 196582 SALARIES PAID BY CITY