Hanover Foundation For Excellence In Education Inc
- Assets
- $167.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hanover, PA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 02-0575282
Organization Overview
Hanover Foundation For Excellence In Education Inc is located in Hanover, PA. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanover Foundation For Excellence In Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hanover Foundation For Excellence In Education Inc generated $78.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $105.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO SUPPORT THE INNOVATIVE EDUCATION PROGRAMS CONDUCTED BY HANOVER PUBLIC SCHOOL DISTRICT. PROJECTS INCLUDE BUT ARE NOT LIMITED TO: IMAGINATION LIBRARY METAL LAB JUNIOR ACHIEVEMENT "BIZ TOWN" NINTH GRADE CAREER ACADEMY ONE ON ONE INITIATIVE COMPUTERS MUSIC PROGRAM FAMILY AND CONSUMER SCIENCES PROGRAM VIRTUAL REALITY PROGRAM CLASSROOM LESSON VIDEOS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Sheppard President | 1 | $0 | |
Russell Williams Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,826 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $45 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,871 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $150 |
| Total expenses | $105,287 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,077 |
| Other assets | $0 |
| Total assets | $167,077 |
| Total liabilities | $0 |
| Net assets or fund balances | $167,077 |
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