Patrick County Education Foundation
- Assets
- $154.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 07/2001
- Data as of
- 06/2022
- EIN
- 31-1781368
Organization Overview
Patrick County Education Foundation is located in Martinsville, VA. The organization was established in 2001. 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. Patrick County Education 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, Patrick County Education Foundation generated $129.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 61.1% each year . All expenses for the organization totaled $45.4k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS TO LOCAL STUDENTS AND SUPPORT TRAINING PROGRAMSTHROUGH PATRICK HENRY COMMUNITY COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Greg Hodges Executive Director | 1 | $0 | |
Dr Stewart Roberson Chairman | 1 | $0 | |
Angie Brown Secretary | 1 | $0 | |
Rebecca Adcock Director | 1 | $0 | |
Sarah Wray Director | 1 | $0 | |
Laura Osberger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,320 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,320 |
| 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 | $175 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $225 |
| Total expenses | $45,400 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,459 |
| Other assets | $0 |
| Total assets | $154,670 |
| Total liabilities | $0 |
| Net assets or fund balances | $154,670 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Patrick County Education Foundation has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Richard S Reynolds Foundation Richmond, VA PURPOSE: 3RD OF 4/GL BALILES/RS REYNOLDS SR. LEARNING CENTER | $100,000 |
Massey Foundation Richmond, VA PURPOSE: UNRESTRICTED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
Duke Ellington School Of The Arts Project Washington, DC | $6,618,395 | $8,383,151 |
Laborers-Employers Cooperation And Education Trust Washington, DC | $20,406,637 | $8,972,632 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
University Of Maryland Medical System Foundation Inc Baltimore, MD | $91,803,907 | $14,920,300 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |