Rockingham Educational Foundation Inc
- Assets
- $4.2m
- Revenue
- $797.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Harrisonburg, VA
- Founding
- 10/1995
- Data as of
- 06/2022
- EIN
- 54-1735837
Organization Overview
Rockingham Educational Foundation Inc is located in Harrisonburg, VA. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockingham Educational 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, Rockingham Educational Foundation Inc generated $797.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $312.7k during the year ending 06/2022. While expenses have increased by 7.9% 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
TO SUPPORT LEARNING BY SECURING FINANCIAL CONTRIBUTIONS AND EDUCATIONAL RESOURCES THAT BENEFIT THE STUDENTS AND TEACHERS OF ROCKINGHAM COUNTY PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE PROVIDED UPON STRICT CRITERIA, AFTER SUBSTANTIAL REVIEW BY A COMMITTEE TO DETERMINE AWARDS. DUE CARE IS FOLLOWED TO AVOID CONFLICTS OF INTEREST WITH BOARD MEMBERS AND OFFICERS OF THE SCHOOL AND FOUNDATION. DURING THE SPRING OF 2022, REFI AWARDED 81 SCHOLARSHIPS TO 59 GRADUATING SENIORS FROM ROCKINGHAM COUNTY PUBLIC HIGH SCHOOLS.
EDUCATION GRANTS ARE AWARDED TO DESERVING TEACHERS WHO APPLY FOR AND RECEIVE REIMBURSEMENTS FOR EXPENSES FOR PROVIDING AN INNOVATIVE IDEA IN TEACHING STUDENTS. GRANT APPLICATIONS ARE ADVERTISED AND ACCEPTED ONE TO TWO TIMES PER YEAR, ONCE IN THE FALL AND ONCE IN THE SPRING, IF FUNDING ALLOWS. 150 APPLICATIONS ARE RECEIVED EACH YEAR WITH AWARDS BEING GIVEN TO APPROXIMATELY 80 GRANT RECIPIENTS.
TEACHER, STAFF AND ADMINISTRATION RECOGNITION PROGRAMS; EACH SPRING, REFI FACILITATES THE COORDINATION OF THE TEACHER OF THE YEAR PROGRAM IN EACH OF THE 24 ROCKINGHAM COUNTY PUBLIC SCHOOLS. REFI RECOGNIZES THESE INDIVIDUALS DURING A CELEBRATION RECEPTION IN THE SPRING. MEMBERS OF A COMMITTEE FROM REFI'S BOARD OF DIRECTORS SELECT ONE TEACHER AS THE "LUCY SIMMS EDUCATOR OF THE YEAR" RECIPIENT. THIS INDIVIDUAL REPRESNTS ROCKINGHAM COUNTY PUBLIC SCHOOLS DURING THE VIRGINIA DEPARTMENT OF EDUCATION'S "TEACHER OF THE YEAR SELECTION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Landis Executive Director | OfficerTrustee | 30 | $0 |
Aaron Green Governance Chair | OfficerTrustee | 1 | $0 |
Susie Shomo Board Chair | OfficerTrustee | 4 | $0 |
Donna Harper Secretary | OfficerTrustee | 1 | $0 |
Kevin Longnecker Treasurer | OfficerTrustee | 4 | $0 |
Sheila Smith Director | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,123 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $548,538 |
| Noncash contributions included in lines 1a–1f | $18,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $633,661 |
| Total Program Service Revenue | $0 |
| Investment income | $100,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $87,896 |
| Net Income from Fundraising Events | -$24,997 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,378 |
| Grants and other assistance to domestic individuals. | $160,766 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,526 |
| Compensation of current officers, directors, key employees. | $9,882 |
| Compensation to disqualified persons | $0 |
| 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 | $2,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,995 |
| Fees for services: Other | $2,349 |
| Advertising and promotion | $3,471 |
| Office expenses | $10,623 |
| 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 | $5,023 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,192 |
| All other expenses | $0 |
| Total functional expenses | $312,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,533 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $550 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,764,412 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,155,495 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $3,000 |
| Net assets without donor restrictions | $2,885,192 |
| Net assets with donor restrictions | $1,267,303 |
| 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 | $4,155,495 |
Grants Awarded
Over the last fiscal year, Rockingham Educational Foundation Inc has awarded $58,392 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKINGHAM COUNTY PUBLIC SCHOOLS PURPOSE: INNOVATIVE IDEA GRANTS TO 24 AREA SCHOOLS | $55,992 |
Harrisonburg, VA PURPOSE: EDUCATION GRANTS | $2,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rockingham Educational Foundation Inc has recieved totaling $27,750.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: YES CARD PROGRAM AND GENERAL SUPPORT | $27,750 |
Endowment Analysis
| Beg. Balance | $4,399,803 |
| Earnings | -$543,309 |
| Admin Expense | $20,995 |
| Net Contributions | $400,391 |
| Other Expense | $40,655 |
| Grants | $198,144 |
| Ending Balance | $3,997,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |
American Association For Clinical Chemistry Inc Washington, DC | $31,632,986 | $18,150,460 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Aids United Washington, DC | $16,240,693 | $19,019,266 |
Media Matters For America Washington, DC | $25,734,430 | $18,794,929 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
Appletree Institute For Education Innovation Inc Washington, DC | $11,136,365 | $16,950,350 |