Harford County Education Foundation Inc
- Assets
- $141.3k
- Revenue
- $233.4k
- Investments
- $61.6k
- Employees
- 3
- Location
- Abingdon, MD
- Founding
- 06/2005
- Data as of
- 06/2021
- EIN
- 20-2060496
Organization Overview
Harford County Education Foundation Inc is located in Abingdon, MD. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Harford County Education Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harford County Education Foundation 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 06/2021, Harford County Education Foundation Inc generated $233.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $185.1k during the year ending 06/2021. While expenses have increased by 12.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HARFORD COUNTY EDUCATION FOUNDATION INVESTS IN THE SUCCESS OF OUR STUDENTS BY PROVIDING EDUCATIONAL RESOURCES TO PROVIDE EVERY CHILD, REGARDLESS OF BACKGROUND, FAMILY STRUCTURE OR ECONOMIC STATUS, THE OPPORTUNITY TO ACHIEVE PERSONAL SUCCESS.HARFORD COUNTY EDUCATION FOUNDATION INVESTS IN THE EDUCATION OF 38,000 YOUTH IN HARFORD COUNTY PUBLIC SCHOOLS BY PROVIDING EDUCATIONAL RESOURCES TO COMPLEMENT THE LEARNING AND GROWTH OF EACH STUDENT REGARDLESS OF THEIR ECONOMIC CIRCUMSTANCES. WE BELIEVE EVERY CHILD SHOULD HAVE THE OPTIMAL FRAMEWORK TO ACHIEVE PERSONAL SUCCESS.THE EDUCATION FOUNDATION WORKS IN PARTNERSHIP WITH THE COMMUNITY TO BRING CRITICAL RESOURCES TO HELP STUDENTS SUCCEED IN THEIR ACADEMIC AND PERSONAL GOALS THROUGH MIDDLE AND HIGH SCHOOL LEADERSHIP PROGRAMS, COLLEGE AND CAREER MENTORING, SCHOLARSHIPS, FREE SCHOOL SUPPLIES FOR LOW INCOME STUDENTS, GRANTS TO SUPPORT INNOVATIVE CLASSROOM INSTRUCTION, AND CELEBRATING THE EDUCATION PROFESSION WITH THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME LEARNING RESOURCES - THE ORGANIZATION PROVIDED RESOURCES AND MATERIALS TO STUDENTS IN NEED SO THAT THEY HAVE THE TOOLS NEEDED TO PARTICIPATE IN REMOTE LEARNING DURING THE PANDEMIC.
TOOLS FOR SCHOOLS - TOOLS FOR SCHOOLS IS A SCHOOL SUPPLY RESOURCE CENTER WHERE TEACHERS CAN SHOP FOR FREE FOR THE LEARNING MATERIALS FOR STUDENTS IN NEED. WITH EVERYONE CONTRIBUTING TO A CENTRAL RESOURCE CENTER, WE CAN ENSURE THAT EVERY CHILD IN NEED IS SERVED. AND TEACHERS KNOW BEST WHICH STUDENTS ARE WITHOUT THE SCHOOLS SUPPLIES THEY NEED FOR EDUCATIONAL SUCCESS
HARFORD COUNTY EDUCATION FOUNDATION, INC. AWARDED SEVEN COLLEGE SCHOLARSHIPS DURING THE FISCAL YEAR ENDED JUNE 30, 2021.
CLASSROOM INNOVATION PROGRAMS - THE ORGANIZATION SUPPORTED THE HARFORD COUNTY PUBLIC SCHOOL SYSTEM AS WELL AS TEN INDIVIDUAL SCHOOLS WITHIN THE COUNTY IN THE AREAS OF STEM EDUCATION, ART & CULTURE, LITERACY, MUSIC, AND WELLNESS BY PROVIDING GRANTS TO THOSE SCHOOLS.TECH TOOLS IS FOCUSED ON ELIMINATING DIGITAL INEQUITY AND PROVIDING STUDENTS DIGITAL ACCESS AT HOME. FOR MANY LOW-INCOME STUDENTS, HAVING INTERNET OR OWNING A TABLET OR LAPTOP IS SIMPLY NOT A REALITY. HARFORD COUNTY EDUCATION FOUNDATION IS CURRENTLY ESTABLISHING DIGITAL LENDING HUBS IN HARFORD COUNTY PUBLIC SCHOOL MIDDLE SCHOOL MEDIA CENTERS. DIGITAL LEARNING HUBS PROVIDE AN OPPORTUNITY FOR STUDENTS IN NEED TO CHECK OUT A LAPTOP AND WIFI HOTSPOT FOR A SEMESTER AT A TIME BRINGING TECHNOLOGY INTO HOMES WHERE THIS INFRASTRUCTURE IS ABSENT.HARFORD COUNTY EDUCATION FOUNDATION HELPS STUDENTS BUILD READING PROFICIENCY BY SENDING BACKPACKS OF AGE AND READING LEVEL APPROPRIATE BOOKS HOME WITH STUDENTS WHO HAVE THE NEED TO IMPROVE THEIR READING SKILLS. THIS PAST SCHOOL YEAR THE EDUCATION FOUNDATION PROVIDED 2200 BACKPACKS WITH 10,000 LEVELED BOOKS AND LEARNING MATERIALS TO STUDENTS IN NEED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debora Gavin Merlock President | OfficerTrustee | 35 | $55,000 |
Anthony Palumbo Vice Chair | OfficerTrustee | 1 | $0 |
Claudine Adams Chair | OfficerTrustee | 1 | $0 |
Warren L Hamilton Past Chair | OfficerTrustee | 1 | $0 |
Liz Leone Monti Vice Chair Board Developme | OfficerTrustee | 1 | $0 |
Janet Gomes Vice Chair Finance | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $108 |
| Membership dues | $0 |
| Fundraising events | $94,825 |
| Related organizations | $0 |
| Government grants | $22,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,222 |
| Noncash contributions included in lines 1a–1f | $11,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,582 |
| Total Program Service Revenue | $0 |
| Investment income | $478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,751 |
| Grants and other assistance to domestic individuals. | $21,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $29,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,622 |
| Advertising and promotion | $2,305 |
| Office expenses | $6,456 |
| Information technology | $1,547 |
| Royalties | $0 |
| Occupancy | $8,172 |
| Travel | $290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,670 |
| All other expenses | $0 |
| Total functional expenses | $185,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $61,555 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $487 |
| Total assets | $141,324 |
| Accounts payable and accrued expenses | $1,466 |
| Grants payable | $7,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,175 |
| Total liabilities | $18,141 |
| Net assets without donor restrictions | $107,183 |
| Net assets with donor restrictions | $16,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $141,324 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Harford County Education Foundation Inc has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Harford County Inc Bel Air, MD PURPOSE: Assistance | $8,500 |
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $5,000 |
Endowment Analysis
| Net Contributions | $10,000 |
| Ending Balance | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |