Halls Free School Foundation
- Assets
- $975.9k
- Revenue
- $78.9k
- Investments
- $887.0k
- Employees
- 0
- Location
- Montpelier, VA
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-2887092
Organization Overview
Halls Free School Foundation is located in Montpelier, VA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Halls Free School 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 12/2021, Halls Free School Foundation generated $78.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $68.3k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 4 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.
Since 2020, Halls Free School Foundation has awarded 89 individual grants totaling $175,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAINTAINS THE BUILDING AND SITE OF HALL'S FREE SCHOOL AS A HISTORIC AND COMMUNITY RESOURCE. THE FOUNDATION MAKES THE BUILDING AVAILABLE FOR USE BY OTHER NON-PROFIT ORGANIZATIONS AS MEETING SPACE FREE OF CHARGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramon E Lowry President/director | 1 | $0 | |
Selina S Gathercole Director | 1 | $0 | |
Samuel H Moody Director | 1 | $0 | |
Earle O Rice Secretary/treasurer/direct | 1 | $0 | |
Rosewell Page Director | 1 | $0 | |
Helen Hall Harris Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $36,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,101 |
| Capital Gain Net Income | $42,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,537 |
| Total operating and administrative expenses | $11,305 |
| Contributions, gifts, grants paid | $57,000 |
| Total expenses and disbursements | $68,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,418 |
| Savings and temporary cash investments | $84,437 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $248,725 |
| Net Land, buildings, and equipment | $2 |
| Other assets | $0 |
| Total assets | $975,881 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Halls Free School Foundation has awarded $57,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BIANCA LILY VANTREECK PURPOSE: SCHOLARSHIP - RIVERSIDE COLLEGE OF HEALTH CAREERS | $2,000 |
BROOKE MOORE PURPOSE: SCHOLARSHIP - VA COMMONWEALTH UNIVERSITY | $2,000 |
ALEXANDRIA LOWRY PURPOSE: SCHOLARSHIP - VIRGINIA TECH | $2,000 |
ALEIGHA ORVINE PURPOSE: SCHOLARSHIP - JAMES MADISON UNIVERSITY | $2,000 |
BEN KNOUSE PURPOSE: SCHOLARSHIP - VIRGINIA TECH | $2,000 |
CALLIE HOPPER PURPOSE: SCHOLARSHIP - LIBERTY UNIVERSITY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |