Howard County Public Schools Educational Foundation Inc
- Assets
- $195.6k
- Revenue
- $336.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Ellicott City, MD
- Founding
- 07/2006
- Data as of
- 06/2022
- EIN
- 20-4840080
Organization Overview
Howard County Public Schools Educational Foundation Inc, operating under the name Bright Minds Foundation, is located in Ellicott City, MD. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Bright Minds Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Minds Foundation 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 06/2022, Bright Minds Foundation generated $336.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $277.0k during the year ending 06/2022. While expenses have increased by 11.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PURPOSE IS TO ENHANCE THE EDUCATIONAL EXPERIENCES OF HOWARD COUNTY STUDENTS BY BRINGING TOGETHER PRIVATE AND COMMUNITY SUPPORT FOR ACADEMIC INITIATIVES AND OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCESS TO LEARNING FUND - BRIGHT MINDS WORKS TO ADDRESS OBSTACLES STUDENTS FACE ACCESSING THEIR EDUCATION. AS CHILDREN NAVIGATED BACK TO FULL-TIME IN-PERSON SCHOOL THIS YEAR, BRIGHT MINDS WORKED CLOSELY WITH HCPSS TO IDENTIFY AND RESPOND TO ACADEMIC ENGAGEMENT, LEARNING LOSS, AND SOCIAL AND EMOTIONAL NEEDS OF STUDENTS. SINCE 2020, BRIGHT MINDS HAS RAISED MORE THAN $400,000 FROM 300+ DONORS TO FUND MORE THAN 56,000 CRITICAL LEARNING RESOURCES FOR STUDENTS IN ALL COUNTY SCHOOLS.
LITERACY & SCHOOL READINESS - AS THE HOWARD COUNTY AFFILIATE FOR DOLLY PARTONS IMAGINATION LIBRARY, BRIGHT MINDS DELIVERS THE EARLY CHILDHOOD LITERACY PROGRAM READ WITH ME TO INSPIRE A LOVE OF READING, ENCOURAGE PARENT-CHILD INTERACTION, AND PREPARE CHILDREN FOR KINDERGARTEN. PARTICIPATING CHILDREN RECEIVE AN AGE-APPROPRIATE BOOK EACH MONTH FROM BIRTH THROUGH AGE FIVE. MORE THAN 1,500 COUNTY CHILDREN HAVE RECEIVED 29,000 BOOKS THROUGH THE PROGRAM.
EDUCATION INNOVATION & TEACHER SUPPORT - BRIGHT MINDS SUPPORTS CLASSROOM INNOVATION PROJECTS THAT HELP EDUCATORS DELIVER INSTRUCTIONAL PROJECTS THAT INCREASE STUDENT LEARNING OUTCOMES, ENRICH TEACHING PRACTICES, STRENGTHEN SCHOOL COMMUNITIES, AND PILOT IMPORTANT ACADEMIC PROJECTS. THIS YEAR, BRIGHT MINDS WILL SUPPORT 18 PROJECTS IN 29 SCHOOLS THAT WILL REACH MORE THAN 10,000 CHILDREN. BRIGHT MINDS ALSO PARTNERED WITH HCPSS TO LAUNCH THE TEACHER EXTERNSHIP INITIATIVE, WHICH PROVIDES TEACHERS WORKPLACE EXPERIENCES TO ENHANCE STUDENT LEARNING.
STUDENT SCHOLARSHIPS - BRIGHT MINDS HELPS STUDENTS EARN COLLEGE CREDITS AND EXPLORE CAREER OPTIONS THROUGH THE JUMPSTART DUAL-ENROLLMENT PARTNERSHIP BETWEEN HCPSS AND HCC BY PROVIDING BOOKS/COURSE FEE SCHOLARSHIPS FOR STUDENTS ELIGIBLE FOR FREE AND REDUCED MEALS. OVER 3 YEARS, 285 HCPSS STUDENTS HAVE RECEIVED OVER $60,000 IN SUPPORT SO THEY COULD TAKE ADVANTAGE OF THE PROGRAM. BRIGHT MINDS ALSO ADMINISTERS STUDENT SCHOLARSHIPS THAT SUPPORT HOWARD COUNTY GRADUATES ATTENDING POST-SECONDARY INSTITUTIONS. MORE THAN $50,000 HAS BEEN AWARDED TO 50 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Van Kirk Executive Director | Officer | 0 | $59,583 |
Susan Porter Director | Trustee | 2 | $0 |
Dr Bevin Philip Director | Trustee | 2 | $0 |
Christie Lassen Director | Trustee | 2 | $0 |
Meg Moon Director | Trustee | 2 | $0 |
Tonya Harris Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,512 |
| Total Program Service Revenue | $0 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $336,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,432 |
| Grants and other assistance to domestic individuals. | $35,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,584 |
| Compensation of current officers, directors, key employees. | $11,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,851 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,260 |
| Advertising and promotion | $0 |
| Office expenses | $3,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $1,649 |
| Total functional expenses | $277,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,717 |
| Savings and temporary cash investments | $92,124 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,731 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,572 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $45,899 |
| Net assets with donor restrictions | $149,673 |
| 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 | $195,572 |
Grants Awarded
Over the last fiscal year, Howard County Public Schools Educational Foundation Inc has awarded $110,129 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOLLY PARTONS IMAGINATION LIBRARY PURPOSE: Early Literacy Program | $20,116 |
HCPSS PURPOSE: Student Learning Resources | $90,013 |