The J127 Education Foundation
- Assets
- $29.5m
- Revenue
- $15.8m
- Investments
- $8.8m
- Employees
- 369
- Location
- Fairfax, VA
- Founding
- 07/1989
- Data as of
- 06/2023
- EIN
- 54-1371815
Organization Overview
The J127 Education Foundation is located in Fairfax, VA. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, J127 Education Foundation employed 369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J127 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 06/2023, J127 Education Foundation generated $15.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $16.1m 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ELEMENTARY EDUCATION AND DAYCARE SERVICES TO 626 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS OLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION AND DAYCARE SERVICES TO 626 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS OLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christin Soly Secretary/merritt E.d. | Officer | 30 | $186,898 |
Peter Smith Director Of Facilities | 40 | $145,602 | |
Linda Potts School Principal | 40 | $117,177 | |
Kathlena Momm Director | 40 | $116,202 | |
Alfons Ostroveanu Director Of It | 40 | $110,261 | |
Sandy Briscoe Senior Accountant | 40 | $110,194 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,069 |
| Related organizations | $0 |
| Government grants | $621,699 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,272 |
| Noncash contributions included in lines 1a–1f | $108,546 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,040 |
| Total Program Service Revenue | $15,187,332 |
| Investment income | $395,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $107,229 |
| Net Gain/Loss on Asset Sales | -$595,586 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,835,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $166,916 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $526,511 |
| Compensation of current officers, directors, key employees. | $447,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,929,377 |
| Pension plan accruals and contributions | $45,915 |
| Other employee benefits | $1,685,057 |
| Payroll taxes | $687,225 |
| Fees for services: Management | $55,226 |
| Fees for services: Legal | $8,431 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,786 |
| Fees for services: Other | $222,027 |
| Advertising and promotion | $39,026 |
| Office expenses | $248,174 |
| Information technology | $49,773 |
| Royalties | $0 |
| Occupancy | $1,664,954 |
| Travel | $32,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,131 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $575,611 |
| Insurance | $279,548 |
| All other expenses | $0 |
| Total functional expenses | $16,119,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,121,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $811,305 |
| 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 | $198,702 |
| Net Land, buildings, and equipment | $6,651,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,845,325 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,889,146 |
| Total assets | $29,517,575 |
| Accounts payable and accrued expenses | $786,944 |
| Grants payable | $0 |
| Deferred revenue | $3,153,787 |
| 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 | $10,216,278 |
| Total liabilities | $14,157,009 |
| Net assets without donor restrictions | $15,359,066 |
| Net assets with donor restrictions | $1,500 |
| 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 | $29,517,575 |