Bethesda-Chevy Chase High School Educational Foundation Inc
- Assets
- $628.5k
- Revenue
- $226.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 12/1995
- Data as of
- 06/2023
- EIN
- 52-1948149
Organization Overview
Bethesda-Chevy Chase High School Educational Foundation Inc is located in Chevy Chase, MD. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Bethesda-Chevy Chase High School 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 06/2023, Bethesda-Chevy Chase High School Educational Foundation Inc generated $226.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $207.6k during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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 2015, Bethesda-Chevy Chase High School Educational Foundation Inc has awarded 48 individual grants totaling $1,605,378. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BETHESDA CHEVY-CHASE HIGH SCHOOL EDUCATION FOUNDATION IS DEDICATED TO PROVIDING THE LEADERSHIP AND SUPPORT NECESSARY TO ENSURE THAT STUDENTS ATTENDING BETHESDA CHEVY-CHASE HIGH SCHOOL NOW AND IN THE FUTURE ENJOY THE WORLD-CLASS EDUCATION THAT IS THE SCHOOL'S HISTORIC LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE TRACKS: PROVIDE SCHOLARSHIP FUNDS TO BCC STUDENTS.
SCHOOL YEAR PROGRAMS.
OTHER PROGRAM SERVICES INCLUDE EXPENSES FOR MUSIC AND ATHLETIC PROGRAMS AS WELL AS PROFESSIONAL DEVELOPMENT FOR TEACHERS AND PROFESSIONAL STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Williams Board Member | Trustee | 2 | $0 |
Lauren Davis Board Member | Trustee | 2 | $0 |
Amy Houser Board Member | Trustee | 2 | $0 |
Patty Mcdermott Board Member | Trustee | 2 | $0 |
Corinne Goldsmith Board Member | Trustee | 2 | $0 |
Davida Kales Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,607 |
| Noncash contributions included in lines 1a–1f | $6,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,607 |
| Total Program Service Revenue | $0 |
| Investment income | $13,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,615 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $4,935 |
| Office expenses | $1,360 |
| Information technology | $8,849 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $876 |
| All other expenses | $919 |
| Total functional expenses | $207,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,459 |
| Savings and temporary cash investments | $575,000 |
| Pledges and grants receivable | $20,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $628,459 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $588,805 |
| Net assets with donor restrictions | $39,654 |
| 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 | $628,459 |
Grants Awarded
Over the last fiscal year, Bethesda-Chevy Chase High School Educational Foundation Inc has awarded $163,014 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA CHEVY CHASE HIGH SCHOOL PURPOSE: EDUCATIONAL PROFESSIONAL DEVELOPMENT GRANTS | $49,528 |
BETHESDA CHEVY CHASE HIGH SCHOOL (COLLEGE TRACKS) PURPOSE: EDUCATIONAL COLLEGE TRACKS | $103,486 |
HOWARD UNIVERSTY PURPOSE: STUDENT SCHOLARSHIP | $5,000 |
DREXEL UNIVERSITY PURPOSE: STUDENT SCHOLARSHIP | $5,000 |