Lunenburg Nottoway Educational Foundation
- Assets
- $3.0m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 75
- Location
- Blackstone, VA
- Founding
- 08/1988
- Data as of
- 06/2021
- EIN
- 54-0800133
Organization Overview
Lunenburg Nottoway Educational Foundation is located in Blackstone, VA. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Lunenburg Nottoway Educational Foundation employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lunenburg Nottoway Educational 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 06/2021, Lunenburg Nottoway Educational Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. While expenses have increased by 4.4% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE KENSTON FOREST SCHOOL TO DEVELOP IN EACH STUDENT THE QUALITIES OF LEADERSHIP, SCHOLARSHIP, SERVICE, AND GOOD CHARACTER IN AN ATMOSPHERE THAT STRESSES FAMILY VALUES AND JUDEO-CHRISTIAN IDEALS. THE CORE VALUES OF KENSTON FOREST ARE INTEGRITY FIRST, SERVICE BEFORE SELF, AND EXCELLENCE IN ALL WE DO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTRUCTION TO ENROLLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Borum Treasurer | OfficerTrustee | 2 | $0 |
Robert Hawthorne Jr Vice Chair | OfficerTrustee | 2 | $0 |
Charles Butts Chairman | OfficerTrustee | 2 | $0 |
Bolling Scott Secretary | OfficerTrustee | 2 | $0 |
Chuck Arnason Board Member | Trustee | 2 | $0 |
Genie Rimon 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 | $382,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,683 |
| Total Program Service Revenue | $3,225,396 |
| Investment income | $2,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,252 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,177 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,674,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $2,000,172 |
| Pension plan accruals and contributions | $14,819 |
| Other employee benefits | $75,022 |
| Payroll taxes | $147,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,049 |
| Fees for services: Accounting | $8,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,146 |
| Office expenses | $3,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,729 |
| 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 | $54,781 |
| All other expenses | $350,746 |
| Total functional expenses | $3,432,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,110,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $385,816 |
| 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 | $1,084 |
| Net Land, buildings, and equipment | $1,390,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,862 |
| Total assets | $2,972,042 |
| Accounts payable and accrued expenses | $67,306 |
| Grants payable | $0 |
| Deferred revenue | $1,631,115 |
| 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 | $1,197,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $103 |
| Total liabilities | $2,895,721 |
| Net assets without donor restrictions | $73,077 |
| Net assets with donor restrictions | $3,244 |
| 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 | $2,972,042 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lunenburg Nottoway Educational Foundation has recieved totaling $577.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $577 |
Endowment Analysis
| Beg. Balance | $2,959,899 |
| Ending Balance | $2,959,899 |