Virginia · Nonprofit
Virginia Beach Billfish Foundation
Virginia Beach Billfish Foundation (Virginia) receives grants from 5 organizations whose IRS filings report $139,302 to it, the largest being THE WINDWARD FOUNDATION ($70,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $195k
- Funders on record
- 5
- Grants received
- $139k
- Net assets
- $90k
What Virginia Beach Billfish Foundation does
Mission
To engage in the promotion of educational, scientific, and charitable purposes permitted by law, facilitated through the fishing tournament.
As stated on its FY2025 Form 990.
Program
The virginia beach billfish tournament is one of virginia's best sporting traditions with a focus on charitable endeavors. Since the first event in 2004, the vbbt has raised over $1.4 million for charity, supporting the local boys & girls clubs, stopabuse, achievable dream, evms, cancer research, access college fund, champions for charity, hampton roads academy, virginia beach friends school, the peninsula spca, & the billfish foundation--among others.
$115,136 spentof which $57,000 as grants$514,489 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $115,136.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $106k to $272k (+156%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
196% of Virginia Beach Billfish Foundation’s revenue is contributions — more reliant on donations than three-quarters of its peers (87% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Paula Davis
Executive Director
Board chair
Earle Hall
Chairman of the Board
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2023: the base held at 2 funders, grant income rose $13k → $20k.
From the IRS filings of Virginia Beach Billfish Foundation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Virginia Beach Billfish Foundation leans on a few funders — its largest provides 50% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
47% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Virginia Beach Billfish Foundation.
Largest funder’s share by year: 2019 62% · 2020 71% · 2021 100% · 2022 51% · 2023 51% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
98% of Virginia Beach Billfish Foundation's grant income comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Virginia Beach Billfish Foundation's funding has concentrated — grant income rose while the number of funders held roughly flat.
this organization peer median middle 50% of peers· 4,237 philanthropy nonprofits $100k–$1M, FY2025
Organizations like Virginia Beach Billfish Foundation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
61% of spending goes to programs.
Governance
Public support
96%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for Virginia Beach Billfish Foundation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Virginia Beach Billfish Foundation?
- Virginia Beach Billfish Foundation (Virginia) receives grants from 5 organizations whose IRS filings report $139,302 to it, the largest being THE WINDWARD FOUNDATION ($70,000). 2 of them have funded it in more than one year.
- How many funders does Virginia Beach Billfish Foundation have?
- IRS filings report 5 organizations giving $139,302 in grants to Virginia Beach Billfish Foundation, 2 of which have funded it in more than one year.
- Who is the largest funder of Virginia Beach Billfish Foundation?
- THE WINDWARD FOUNDATION is the largest funder on record, with $70,000 in grants. The full list of funders is on this page.
- How can an organization like Virginia Beach Billfish Foundation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing