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Virginia · Nonprofit

VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)

VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) (Virginia) receives grants from 1 organization whose IRS filings report $6,650 to it, the largest being Combined Arms ($6,650). 0 of them have funded it in more than one year.

Revenue FY2025
$220k
Funders on record
1
Grants received
$7k
Net assets
$59k
0/1 repeat funders
01What it does

What Virginia Foundation for Research and Economic Education Inc (Vafree) does

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.

As stated on its FY2025 Form 990.

Programs

  1. 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.

  2. 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.

  3. 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.

The 3 programs described on its FY2025 Form 990, listed largest first by expense.

02The organization over time

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.

100 = 20172017 Revenue 100 ($187k) Expenses 100 ($171k) Net assets 100 ($80k)2018 Revenue 122 ($227k) Expenses 96 ($164k) Net assets 177 ($141k)2019 Revenue 113 ($212k) Expenses 158 ($270k) Net assets 108 ($86k)2020 Revenue 92 ($172k) Expenses 128 ($218k) Net assets 54 ($43k)2021 Revenue 132 ($247k) Expenses 131 ($224k) Net assets 116 ($92k)2022 Revenue 121 ($226k) Expenses 144 ($246k) Net assets 81 ($64k)2023 Revenue 132 ($247k) Expenses 144 ($246k) Net assets 88 ($70k)2024 Revenue 138 ($258k) Expenses 146 ($249k) Net assets 104 ($83k)2025 Revenue 117 ($220k) Expenses 134 ($229k) Net assets 75 ($59k)
'17'18'19'20'21'22'23'24'25
Revenue (117)Expenses (134)Net assets (75)

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 $82k to $144k (+75%).

$82k
$144k
$94k
$68k
$96k
$68k
$74k
$104k
$62k
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

$16k
’17
$63k
’18
−$59k
’19
−$46k
’20
$22k
’21
−$20k
’22
$651
’23
$9k
’24
−$9k
’25
3.1
months of
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

Christopher B Saxman

Executive director

Board chair

Brian Morgan

Chair

As listed on its FY2025 Form 990.

2018201920212022202320242025
Listed29312626262426
Joined·+4·+2+0+0+3
No longer listed·2·2021
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'24*
total
funders
1

From the IRS filings of VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)’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.

Where its funders are

VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) draws 100% of its grant income from funders outside Virginia, across 1 state in all.

TX

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.

04Its place in the field

Organizations like VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)

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

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

26
board members
96%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

VA

Part of a family of 1 related entity

  • Vafree Enterprise Foundation · exempt

Screen this organization

A dated, signed PDF of the compliance screen for VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE): 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.

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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 FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)?
VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) (Virginia) receives grants from 1 organization whose IRS filings report $6,650 to it, the largest being Combined Arms ($6,650). 0 of them have funded it in more than one year.
How many funders does VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) have?
IRS filings report 1 organization giving $6,650 in grants to VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE).
Who is the largest funder of VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)?
Combined Arms is the largest funder on record, with $6,650 in grants. The full list of funders is on this page.
How can an organization like VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) 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 1 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