Clarke County Education Foundation Inc
- Assets
- $1.9m
- Revenue
- $220.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Berryville, VA
- Founding
- 02/1973
- Data as of
- 06/2022
- EIN
- 54-1606545
Organization Overview
Clarke County Education Foundation Inc is located in Berryville, VA. The organization was established in 1973. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Clarke County 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, Clarke County Education Foundation Inc generated $220.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $198.3k during the year ending 06/2022. While expenses have increased by 8.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLARKE COUNTY EDUCATION FOUNDATION IS AN INDEPENDENT PUBLIC CHARITY DEDICATED TO PROMOTING, EXPANDING, AND AUGMENTING THE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND STAFF IN THE CLARKE COUNTY PUBLIC SCHOOLS, BY GENERATING PRIVATE SUPPORT AND INVOLVEMENT TO ENHANCE THESE PUBLICLY MAINTAINED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE QUALITY OF LOCAL EDUCATIONAL PROGRAMS BY SUPPLEMENTING THE PROGRAM EXPENDITURES OF CLARKE COUNTY PUBLIC SCHOOLS.
TO PROVIDE SCHOLARSHIPS TO GRADUATES OF CLARKE COUNTY SCHOOL DISTRICT.
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 |
|---|---|---|---|
Elizabeth A Williams Executive Dir. | Officer | 40 | $41,849 |
Patricia Castelhano Co-Secretary | OfficerTrustee | 1 | $0 |
Adrian Taylor Treasurer | OfficerTrustee | 2 | $0 |
Jon Erickson President | OfficerTrustee | 1 | $0 |
Kathy Hudson Co-Secretary | OfficerTrustee | 1 | $0 |
Joe Clotzman Vice President | OfficerTrustee | 1 | $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 | $98,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,223 |
| Total Program Service Revenue | $0 |
| Investment income | $69,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,410 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,499 |
| Grants and other assistance to domestic individuals. | $54,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,849 |
| Compensation of current officers, directors, key employees. | $8,370 |
| Compensation to disqualified persons | $3,202 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,318 |
| Fees for services: Other | $16,084 |
| Advertising and promotion | $3,586 |
| Office expenses | $2,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $150 |
| 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 | $2,443 |
| All other expenses | $275 |
| Total functional expenses | $198,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,420 |
| 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 | $4,250 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,779,494 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,890,373 |
| Accounts payable and accrued expenses | $11,179 |
| 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 | $11,179 |
| Net assets without donor restrictions | $198,017 |
| Net assets with donor restrictions | $1,681,177 |
| 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 | $1,890,373 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Clarke County Education Foundation Inc has recieved totaling $38,284.
| Awarding Organization | Amount |
|---|---|
Jack Kent Cooke Foundation Lansdowne, VA PURPOSE: SUPPORT TO ESTABLISH A NEW AUTHOR STUDY PROGRAM WITHIN THE ELEMENTARY SCHOOLS. | $35,000 |
Jack Kent Cooke Foundation Lansdowne, VA PURPOSE: SUPPORT EDUCATIONAL PROGRAMMING IN PARTNERSHIP WITH THE DISCOVERY MUSEUM. | $2,500 |
The Bank Of Clarke County Foundation Berryville, VA PURPOSE: SUPPORT ENRICHMENT PROGRAMS THAT HELP CELEBRATE A LEGACY OF EXCELLENCE IN CLARKE COUNTY PUBLIC SCHOOLS | $580 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $204 |
Endowment Analysis
| Beg. Balance | $2,011,010 |
| Earnings | -$177,214 |
| Admin Expense | $14,870 |
| Net Contributions | $27,046 |
| Grants | $76,449 |
| Ending Balance | $1,769,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grafton School Incorporated Winchester, VA | $59,407,353 | $59,458,949 |
Maryland School For The Blind Baltimore, MD | $195,153,982 | $44,682,438 |
The Benedictine School For Exceptional Children Inc Ridgely, MD | $11,283,116 | $24,781,335 |
Lab School Of Washington Washington, DC | $60,963,136 | $23,245,137 |
Depaul Community Resources Roanoke, VA | $12,194,514 | $23,378,306 |
Phillips Programs Annandale, VA | $24,790,311 | $22,425,625 |
Life St Joseph Of The Pines Inc Fayetteville, NC | $16,318,020 | $24,172,182 |
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Ivymount School Inc Rockville, MD | $17,009,081 | $19,214,475 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
The Jemicy School Inc Owings Mills, MD | $60,314,466 | $19,832,444 |