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VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)

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Public IRS 990 nonprofit record

VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)

EIN 54-1473133 · Rehabilitation Services for Offenders (I40)

What they do

VIRGINIA FOUNDATION for RESEARCH and ECONOMIC EDUCATION is AN INDEPENDENT ASSOCIATION COMMITTED to PROTECTING and STRENGTHENING VIRGINIAS 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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$104.27spent for every $100 of revenueSpending was higher than revenue this year.
$0.27in assets for every $1 spent this yearSome assets cannot be spent right away.
70.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $9,371 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $135,000 for CHRISTOPHER B SAXMAN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$219,522
Expenses$228,893
Annual shortfall $9,371 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$219,522
Expenses$228,893
Assets$62,483
Income$269,691
Contributions$154,553
Stocks and bonds$63,510
Accounting fees$19,824
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
CHRISTOPHER B SAXMANEXECUTIVE DIRECTOR · 40 hrs/week $135,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

CHRISTOPHER B SAXMANEXECUTIVE DIRECTOR

JAY ADAMSDIRECTOR

TOM MINNICKSECRETARY

TODD STOTTLEMYERDIRECTOR

TODD HAYMOREDIRECTOR

SUSAN GASTONDIRECTOR

SHEP MILLERDIRECTOR

PAUL LAWRENCEDIRECTOR

NICOLE BARRANCODIRECTOR

MATTHEW STEILBERGDIRECTOR

MARTIN KENTDIRECTOR

MARK LAWRENCEDIRECTOR

LAURA NOVEYDIRECTOR

LARRY ROBERTSDIRECTOR

BENJAMIN DESSARTDIRECTOR

GARY THOMSONTREASURER

ESTHER LEEDIRECTOR

ELIZABETH KERSEYDIRECTOR

DORCAS HELFANT-BROWNINGDIRECTOR

DANNY VARGASDIRECTOR

CRAIG PARISOTPAST CHAIR

BRYAN STEPHENSDIRECTOR

BRUCE JENNINGSDIRECTOR

BRIAN MORGANCHAIR

BLUE JENKINSDIRECTOR

BERT DOBSONVICE CHAIR

About this charity

Recognized since
January 1989
Location
PO BOX 29268, HENRICO, VA 23242-0268
County
Henrico
In care of
CHRISTOPHER B SAXMAN
Primary officer
CHRISTOPHER B SAXMAN, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
CARMACK COMPANY
NTEE classification
Rehabilitation Services for Offenders (I40)
IRS tax category
Rehabilitation Services for Offenders

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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