Bedford Area Educational Foundation Inc
- Assets
- $179.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest, VA
- Founding
- 08/2002
- Data as of
- 06/2022
- EIN
- 36-4499678
Organization Overview
Bedford Area Educational Foundation Inc is located in Forest, VA. The organization was established in 2002. 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. Bedford Area Educational 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 06/2022, Bedford Area Educational Foundation Inc generated $52.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $45.6k during the year ending 06/2022. While expenses have increased by 2.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE EDUCATIONAL GRANTS AND SUPPORT TO LOCAL SCHOOLS AND TEACHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Dunn Executive Di | 5 | $3,000 | |
Leslie Loucks Executive Di | 5 | $1,025 | |
Michele Shaffer Board Member | 0.25 | $0 | |
Tim Black Board Member | 0.25 | $0 | |
Donna Templeton Board Member | 0.25 | $0 | |
Debby Allen Chairman | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,792 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,156 |
| Gain or Loss | $3,053 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,001 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,333 |
| Professional fees and other payments to independent contractors | $725 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $718 |
| Other expenses | $4,841 |
| Total expenses | $45,645 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,849 |
| Other assets | $0 |
| Total assets | $179,899 |
| Total liabilities | $0 |
| Net assets or fund balances | $179,899 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bedford Area Educational Foundation Inc has recieved totaling $7,011.
| Awarding Organization | Amount |
|---|---|
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: TO FUND CLASSROMM ENRICHMENT PROJECTS | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
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|---|---|---|
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Duke Ellington School Of The Arts Project Washington, DC | $6,618,395 | $8,383,151 |
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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 |