Chesterfield Public Education Foundation Inc
- Assets
- $1.9m
- Revenue
- $839.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Midlothian, VA
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 54-1595479
Organization Overview
Chesterfield Public Education Foundation Inc is located in Midlothian, VA. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Chesterfield Public Education Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesterfield Public Education 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, Chesterfield Public Education Foundation Inc generated $839.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $847.2k during the year ending 06/2022. 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 PROVIDE EQUITABLE EDUCATIONAL OPPORTUNITIES AND INCREASE CLASSROOM INNOVATION FOR CHESTERFIELD COUNTY PUBLIC SCHOOLS' STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSROOM INNOVATION GRANTS - THIS PROGRAM PROVIDES FUNDING TO EDUCATORS AND DIVISION STAFF TO ASSIST WITH CREATING ENHANCED LEARNING OPPORTUNITIES THROUGH CREATIVE, INNOVATIVE, AND REPLICABLE PROGRAMS.
SCHOLARSHIPS - FINANCIAL AWARDS TO GRADUATING SENIORS TO SUPPORT THEIR POST-GRADUATE EDUCATION AND TRAINING
EMERGENCY RESPONSE FUND - A PROGRAM FOR CHESTERFIELD FAMILIES IN NEED OF SUPPORT TO COMBAT THE IMPACT MADE BY COVID-19.
VARIOUS PROGRAMS TO ENHANCE EDUCATIONAL OPPORTUNITIES AND CLASSROOM INNOVATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Locke President | OfficerTrustee | 1 | $0 |
Gary L Armstrong Past Preside | OfficerTrustee | 1 | $0 |
Matthew Clarke VP Of Develo | OfficerTrustee | 1 | $0 |
Ryan Beethoven-Wilson Treasurer | OfficerTrustee | 1 | $0 |
Fred Shuford VP Of Progra | OfficerTrustee | 1 | $0 |
Ashley Antoline Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,289 |
| All other contributions, gifts, grants, and similar amounts not included above | $804,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810,853 |
| Total Program Service Revenue | $0 |
| Investment income | $22,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,697 |
| Net Income from Fundraising Events | -$3,101 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $839,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,918 |
| Grants and other assistance to domestic individuals. | $12,700 |
| 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 | $221,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,485 |
| Payroll taxes | $17,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,870 |
| Fees for services: Other | $9,504 |
| Advertising and promotion | $32,716 |
| Office expenses | $30,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,105 |
| Travel | $6,606 |
| 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 | $4,653 |
| All other expenses | $414,209 |
| Total functional expenses | $847,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $992,200 |
| Pledges and grants receivable | $13,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,902 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $875,099 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,892,701 |
| Accounts payable and accrued expenses | $78,236 |
| Grants payable | $0 |
| Deferred revenue | $24,000 |
| 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 | $102,236 |
| Net assets without donor restrictions | $74,485 |
| Net assets with donor restrictions | $1,715,980 |
| 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 | $1,892,701 |
Grants Awarded
Over the last fiscal year, Chesterfield Public Education Foundation Inc has awarded $101,465 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Midlothian, VA PURPOSE: SUPPORT FOR HOTSPOT PURCHASES, SCHOOL SUPPLIES AND EMERGENCY FOOD PURCHASE FOR THE FOOD BANK DUE TO COVID-19. | $89,103 |
Chester, VA PURPOSE: FUNDRAISING PROCEEDS TO SUPPORT FOOD BANK DURING COVID-19. | $12,362 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Chesterfield Public Education Foundation Inc has recieved totaling $329,906.
| Awarding Organization | Amount |
|---|---|
Robins Foundation Richmond, VA PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $125,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $45,500 |
Cameron Foundation Petersburg, VA PURPOSE: EDUCATION:PROGRAM SUPPORT | $40,000 |
E Pluribus Unum Institute New Orleans, LA PURPOSE: GENERAL SUPPORT | $37,500 |
Herndon Foundation Richmond, VA PURPOSE: OPERATING SUPPORT | $20,000 |
Carmax Foundation Richmond, VA PURPOSE: HOME OFFICE GIVING | $15,000 |
Endowment Analysis
| Beg. Balance | $959,857 |
| Earnings | -$50,897 |
| Net Contributions | $15,577 |
| Other Expense | -$34,832 |
| Ending Balance | $889,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
United Way Of The National Capital Area Vienna, VA | $52,010,356 | $25,572,571 |
United Way Of Greater Richmond Richmond, VA | $16,886,120 | $22,666,995 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |