Chesterfield Public Education Foundation Inc
- Assets
- $1.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 33
- Location
- Midlothian, VA
- Founding
- 03/1992
- Data as of
- 06/2024
- 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 06/2024, Chesterfield Public Education Foundation Inc employed 33 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 06/2024, Chesterfield Public Education Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 32.3% per year over the past 9 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
2024
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.
VARIOUS PROGRAMS TO ENHANCE EDUCATIONAL OPPORTUNITIES AND CLASSROOM INNOVATION
SCHOLARSHIPS - FINANCIAL AWARDS TO GRADUATING SENIORS TO SUPPORT THEIR POST-GRADUATE EDUCATION AND TRAINING
21ST CENTURY COMMUNITY LEARNING CENTERS - PROGRAM FUNDED BY GRANTS FROM THE VIRGINIA DEPARTMENT OF EDUCATION TO SUPPORT AFTER SCHOOL PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Clarke President | OfficerTrustee | 1 | $0 |
Robert Locke Past Preside | OfficerTrustee | 1 | $0 |
Ashley Antoline VP Of Develo | OfficerTrustee | 1 | $0 |
Lauren Posey VP Of Progra | OfficerTrustee | 1 | $0 |
Ryan Beethoven-Wilson Treasurer | OfficerTrustee | 1 | $0 |
Candice Hunter Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,592 |
| Related organizations | $0 |
| Government grants | $864,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $811,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,738,143 |
| Total Program Service Revenue | $0 |
| Investment income | $41,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,675 |
| Net Income from Fundraising Events | $5,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,809,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $176,251 |
| Grants and other assistance to domestic individuals. | $16,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,157 |
| Compensation of current officers, directors, key employees. | $10,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,307 |
| Payroll taxes | $37,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,612 |
| Fees for services: Other | $46,130 |
| Advertising and promotion | $3,062 |
| Office expenses | $36,852 |
| Information technology | $8,202 |
| Royalties | $0 |
| Occupancy | $1,798 |
| Travel | $5,204 |
| 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 | $13,538 |
| All other expenses | $0 |
| Total functional expenses | $1,817,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $413,676 |
| Pledges and grants receivable | $486,757 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $52,295 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,603 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $970,955 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,928,286 |
| Accounts payable and accrued expenses | $133,878 |
| 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 | $133,878 |
| Net assets without donor restrictions | $74,181 |
| Net assets with donor restrictions | $1,720,227 |
| 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 | $1,928,286 |
Grants Awarded
Over the last fiscal year, Chesterfield Public Education Foundation Inc has awarded $101,465 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTERFIELD FOOD BANK PURPOSE: FUNDRAISING PROCEEDS TO SUPPORT FOOD BANK DURING COVID-19. | $12,362 |
CHESTERFIELD COUNTY PUBLIC SCHOOLS PURPOSE: SUPPORT FOR HOTSPOT PURCHASES, SCHOOL SUPPLIES AND EMERGENCY FOOD PURCHASE FOR THE FOOD BANK DUE TO COVID-19. | $89,103 |