Friends Of Onancock School
- Assets
- $629.2k
- Revenue
- $232.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Onancock, VA
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 20-8342920
Organization Overview
Friends Of Onancock School is located in Onancock, VA. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Friends Of Onancock School employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Onancock School 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 12/2023, Friends Of Onancock School generated $232.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $94.5k during the year ending 12/2023. While expenses have increased by 14.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF ONANCOCK SCHOOL MISSION IS TO REHABILITATE THE HISTORIC ONANCOCK SCHOOL INTO A COMMUNITY AND CULTURAL CAMPUS THROUGH COMMUNITY AND BUSINESS PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HISTORIC ONANCOCK SCHOOL, WHICH SERVES AS A COMMUNITY CENTER FOR THE EASTERN SHORE OF VIRGINIA, SAW MORE THAN 5,000 VISITORS TO THE GROUNDS AND BUILDING ANNUALLY. SIGNIFICANT EVENTS INCLUDED THE SPRING AND FALL SOCCER LEAGUES AND SOCCER CAMP; TENANTS INCLUDING MUSEUM AND ARTISANS FROM THE LOCAL AREA; USE OF THE BUILDING AND GROUNDS BY ORGANIZATIONS THROUGHOUT THE EASTERN SHORE TO SPONSOR WALKS,RUNS, BIKE-A-THONS TO BENEFIT LOCAL NON- PROFITS; USE OF THE PLAYGROUND AND FIELDS BY CHILDREN, AND VISITORS WHO COME TO VISIT (ESPECIALLY ALUMNI OF THE FORMER SCHOOL) AND TO ENJOY THE NATURE TRAIL AND OBSERVATION DECK OVER THE CREEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haydon Rochester President/tr | OfficerTrustee | $0 | |
Cindy Downing Vice Preside | OfficerTrustee | $0 | |
Patricia Fleck Secretary | OfficerTrustee | $0 | |
Margie Labadie Treasurer | OfficerTrustee | $0 | |
Cl King Director | Trustee | $0 | |
William Lindsey Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,129 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,486 |
| Total Program Service Revenue | $0 |
| Investment income | $344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,048 |
| Net Gain/Loss on Asset Sales | $38,257 |
| Net Income from Fundraising Events | $24,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,168 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,210 |
| Office expenses | $2,497 |
| Information technology | $2,522 |
| Royalties | $0 |
| Occupancy | $19,714 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $90 |
| Total functional expenses | $94,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,729 |
| Savings and temporary cash investments | $152,907 |
| 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 | $0 |
| Net Land, buildings, and equipment | $238,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,590 |
| Total assets | $629,191 |
| 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 | $50,000 |
| Secured mortgages and notes payable | $59,047 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,702 |
| Total liabilities | $110,749 |
| Net assets without donor restrictions | $518,442 |
| Net assets with donor restrictions | $0 |
| 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 | $629,191 |