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.
Executive compensation
Form 990 · Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
| Position | Total |
|---|---|
Executive Director Median to 75th percentile | $135k $143k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 23 unpaid individuals.
Down 5%
from 2023
From $142k in 2023 to $135k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay fell 5% from 2023 to 2024, while revenue rose 5%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) reported revenue and expenses across 2 filing years.
Common questions about VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)
What does the Chief Executive Officer of VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) earn?
In 2024, the Chief Executive Officer of VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) received $135,000 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) falls between the median and the 75th percentile.
What are VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE)'s revenue and expenses?
In 2024, VIRGINIA FOUNDATION FOR RESEARCH AND ECONOMIC EDUCATION INC (VAFREE) reported $258k in total revenue and $249k in total expenses on its IRS Form 990.
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