Foundation For Rural Service
- Assets
- $4.8m
- Revenue
- $1.0m
- Investments
- $279.1k
- Employees
- 3
- Location
- Arlington, VA
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 52-1889647
Organization Overview
Foundation For Rural Service is located in Arlington, VA. The organization was established in 1995. As of 12/2022, Foundation For Rural Service employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Rural Service 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 12/2022, Foundation For Rural Service generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
TO INFORM AND EDUCATE THE PUBLIC ON THE TELECOMMUNICATIONS NEEDS OF RURAL AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM: THE FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS TO AN EXCEPTIONAL GROUP OF RURAL STUDENTS FOR THEIR FIRST YEAR OF COLLEGE OR VOCATIONAL SCHOOL. ALL APPLICANTS REQUIRE SPONSORSHIP BY AN NTCA THE RURAL BROADBAND ASSOCIATION MEMBER COMPANY TO BE ELIGIBLE. FRS AWARDED OVER $1 MILLION IN SCHOLARSHIPS SINCE ITS INCEPTION; EMPOWERING RURAL STUDENTS THROUGHOUT THE COUNTRY TO ADVANCE THEIR COMMUNITIES WITH INVALUABLE SKILL SETS AND EXPERIENCES.
AWARENESS CAMPAIGN: THE FOUNDATION SPONSORS AN ONGOING AWARENESS CAMPAIGN TO PROMOTE THE CONTRIBUTION THAT SMALL INDEPENDENT BROADBAND COMPANIES MAKE TO RURAL COMMUNITIES. THE PROGRAM INCLUDES THE PRODUCTION OF INFORMATIONAL MAILERS GEARED TOWARD EDUCATION RURAL TELECOMMUNICATIONS CUSTOMERS, AN IMAGE AND AWARENESS CAMPAIGN THAT AIMS TO EDUCATE STATE AND LOCAL DECISION MAKERS ON THE VALUE THAT COMMUNITY BASED TELECOM PROVIDERS BRING TO THE TELECOM AND ECONOMIC FUTURES OF THEIR COMMUNITIES AND A SERIES OF EDUCATIONAL PAPERS AIMED AT EDUCATING DECISION MAKERS.
YOUTH TOUR: THE FOUNDATION SPONSORS AN ANNUAL TOUR OF WASHINGTON, D.C. APPROXIMATELY ONE HUNDRED HIGH SCHOOL STUDENTS FROM RURAL AMERICA VISIT THE NATION'S CAPITAL TO LEARN ABOUT THE TELECOMMUNICATIONS INDUSTRY AND THE LEGISLATIVE PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Gruendling Chair | OfficerTrustee | 1 | $0 |
Cheryl Rue Vice-Chair | OfficerTrustee | 1 | $0 |
Camille Christiansen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jim Haynie Director | Trustee | 1 | $0 |
Ruth Conley Director | Trustee | 1 | $0 |
Michael Parrish Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,140 |
| Related organizations | $80,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,267 |
| Total Program Service Revenue | $8,969 |
| Investment income | $193,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,564 |
| Net Income from Fundraising Events | $152,085 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,001,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $147,523 |
| Grants and other assistance to domestic individuals. | $123,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,102 |
| Compensation of current officers, directors, key employees. | $45,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,753 |
| Pension plan accruals and contributions | $15,626 |
| Other employee benefits | $25,905 |
| Payroll taxes | $22,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,815 |
| Fees for services: Other | $1,429 |
| Advertising and promotion | $0 |
| Office expenses | $35,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,218 |
| Travel | $25,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,405 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $623 |
| Insurance | $6,338 |
| All other expenses | $104,878 |
| Total functional expenses | $1,007,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,266 |
| Savings and temporary cash investments | $36,889 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $68,271 |
| 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 | $10,512 |
| Net Land, buildings, and equipment | $4,675 |
| Investments—publicly traded securities | $3,499,941 |
| Investments—other securities | $279,063 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569,032 |
| Total assets | $4,818,649 |
| Accounts payable and accrued expenses | $37,549 |
| Grants payable | $0 |
| Deferred revenue | $115,200 |
| 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 | $495,253 |
| Total liabilities | $648,002 |
| Net assets without donor restrictions | $1,866,353 |
| Net assets with donor restrictions | $2,304,294 |
| 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 | $4,818,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Rural Service Arlington, VA | $4,818,649 | $1,001,460 |
The Correctional Education Association Inc Norfolk, VA | $462,285 | $342,219 |
Maryland Chamber Foundation Annapolis, MD | $114,852 | $271,008 |
Fcsi Education Foundation Inc Louisville, KY | $595,802 | $209,587 |
Alcoa City Schools Foundation Inc Alcoa, TN | $213,135 | $0 |
Mooresville Foundation For Excellence In Education Mooresville, NC | $391,768 | $0 |
Giles County Educational Foundation Pulaski, TN | $252,977 | $0 |
Elizabeth City-Pasquotank Public School Foundation Inc Elizabeth City, NC | $204,918 | $75,957 |
The Public Education Foundation Of Moore County Pinehurst, NC | $52,433 | $0 |
International Center For Jewish Peoplehood Memphis, TN | $2,324 | $0 |
Whitesburg Education Development Foundation Whitesburg, KY | $27,004 | -$52,476 |
Mccreary County Educational Development Foundation Inc Stearns, KY | $19,204 | $0 |