The Loudoun Education Foundation
- Assets
- $2.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Ashburn, VA
- Founding
- 03/1992
- Data as of
- 06/2023
- EIN
- 54-1603768
Organization Overview
The Loudoun Education Foundation is located in Ashburn, VA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Loudoun Education Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loudoun 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, Loudoun Education Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $3.8m during the year ending 06/2023. While expenses have increased by 28.0% 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 2016, Loudoun Education Foundation has awarded 30 individual grants totaling $14,401,834. 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
TO INVEST COMMUNITY RESOURCES IN EDUCATIONAL PROJECTS THAT ENCOURAGE STUDENTS, TEACHERS, AND ADMINISTRATORS OF LOUDOUN COUNTY PUBLIC SCHOOLS TO SEEK EDUCATIONAL EXCELLENCE AND TO CELEBRATE THOSE INDIVIDUALS THAT ACHIEVE SUCH EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAMS: ALL EXPENSES INCURRED TO PROVIDE GRANTS TO TEACHERS, ADMINISTRATORS, AND PARENT SUPPORT ORGANIZATIONS FOR INNOVATIVE ACADEMIC PROJECTS. GRANTS AWARDED INCLUDE (1) CLASSROOM GRANT AWARDS TO TEACHERS TO SUPPLEMENT AND/OR ENHANCE THE STANDARD CURRICULUM AND ORDINARY TEACHING METHODS; (2) MULTI-CULTURAL GRANTS TO ASSIST SCHOOL IMPLEMENT PROGRAMS ON MULTICULTURAL EDUCATION, TARGETED PRIMARILY TOWARDS STUDENTS TO HELP THEM BETTER UNDERSTAND AND EMBRACE DIVERSITY; (3) PARENT SUPPORT GROUP GRANTS AVAILABLE TO PTO, PTA, AND OTHER PARENT SUPPORT GROUPS TO REWARD OR PROMOTE ACADEMIC ACHIEVEMENT; AND (4) SPECIAL PROGRAM GRANTS OUTSIDE OF THE NORMAL GRANT APPLICATION CYCLE FOR SPECIALIZED PROGRAMS SUCH AS ART PURCHASE AWARDS, SOCIAL SCIENCE FAIR AWARDS, AND SUMMER SCHOOL GRANTS.
FUELED PROGRAM: ALL EXPENSES TO DEVELOP THE PROGRAM TO FEED LOUDOUN COUNTY PUBLIC SCHOOL STUDENTS IN NEED OVER WEEKENDS AND BREAKS. EXPENSES: 182,399. REVENUE 234,959. SCHOOL BUSINESS PARTNERSHIP BREAKFAST: ALL EXPENSES INCURRED RELATING TO HOSTING THE SCHOOL BUSINESS PARTNERSHIP BREAKFAST, THE PURPOSE OF WHICH IS TO PROVIDE LOUDOUN COUNTY PUBLIC SCHOOLS AND BUSINESS IN LOUDOUN COUNTY. EXPENSES: 20,705. OTHER OUTREACH PROGRAM EXPENSE = 147,737.
RECOGNITION FUNCTIONS: ALL EXPENSES INCURRED TO RECOGNIZE EXCELLENCE IN EDUCATION AND OUTSTANDING TEACHERS IN LOUDOUN COUNTY. RECOGNITION FUNCTIONS PRIMARILY INCLUDE (1) THE ANNUAL EXCELLENCE IN EDUCATION BANQUET HONORING LOUDOUN COUNTY'S TOP ACADEMIC HIGH SCHOOL PERFORMERS AND (2) THE OUTSTANDING TEACHERS BANQUET HONORING LOUDOUN COUNTY TEACHERS NOMINATED FOR THE WASHINGTON POST'S AGNES MEYER OUTSTANDING TEACHER AWARD.
SCHOLARSHIPS: ALL EXPENSES INCURRED TO PROVIDE SCHOLARSHIPS TO STUDENTS, TEACHERS, AND CLASSIFIED EMPLOYEES IN LOUDOUN COUNTY. SCHOLARSHIP PROGRAMS INCLUDE (1) FUTURE EDUCATOR SCHOLARSHIPS FOR LOUDOUN COUNTY PUBLIC HIGH SCHOOL SENIORS, (2) TEACHER SCHOLOARSHIPS FOR CURRENT LOUDOUN COUNTY PUBLIC SCHOOL TEACHERS SEEKING ENDORSEMENTS IN CRITICAL TEACHING SHORTAGE AREAS, AND (3) CLASSIFIED SCHOLARSHIPS FOR LOUDOUN COUNTY PUBLIC SCHOOL CLASSIFIED PERSONNEL TO FURTHER THEIR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Miller President | OfficerTrustee | 2 | $0 |
Steven Frederickson Vice Preside | OfficerTrustee | 1 | $0 |
Myshel Guillory Treasurer | OfficerTrustee | 1 | $0 |
Tracey Fitzsimmons Secretary | OfficerTrustee | 2 | $0 |
Amin Bhat Trustee | Trustee | 0.5 | $0 |
Kelly Blanks Trustee | Trustee | 0.5 | $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 | $2,378,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,378,737 |
| Total Program Service Revenue | $0 |
| Investment income | $43,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,350 |
| Net Income from Fundraising Events | $132,953 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,559,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,907,799 |
| Grants and other assistance to domestic individuals. | $74,407 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,144 |
| Compensation of current officers, directors, key employees. | $117,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,293 |
| 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 | $50,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,003 |
| Fees for services: Other | $3,253 |
| Advertising and promotion | $35,471 |
| Office expenses | $22,730 |
| Information technology | $0 |
| 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 | $3,708 |
| All other expenses | $22,586 |
| Total functional expenses | $3,770,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $986,391 |
| Pledges and grants receivable | $973,453 |
| 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 | $14,197 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $667,043 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,641,084 |
| Accounts payable and accrued expenses | $11,061 |
| Grants payable | $0 |
| Deferred revenue | $20,500 |
| 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 | $31,561 |
| Net assets without donor restrictions | $2,436,864 |
| Net assets with donor restrictions | $172,659 |
| 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 | $2,641,084 |
Grants Awarded
Over the last fiscal year, The Loudoun Education Foundation has awarded $2,907,299 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHESAPEAKE PUBLIC SCHOLS PURPOSE: VA GO GRANT | $162,031 |
LOUDOUN COUNTY PUBLIC SCHOOLS PURPOSE: GRANTS | $2,695,268 |
A PLACE TO BE PURPOSE: CREATIVE COPING | $50,000 |