Harrisonburg Education Foundation
- Assets
- $582.0k
- Revenue
- $157.3k
- Investments
- $378.8k
- Employees
- 0
- Location
- Harrisonburg, VA
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 54-1746901
Organization Overview
Harrisonburg Education Foundation is located in Harrisonburg, VA. The organization was established in 2004. According to its NTEE Classification (B19) the organization is classified as: Support 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. Harrisonburg 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 06/2022, Harrisonburg Education Foundation generated $157.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $82.6k during the year ending 06/2022. While expenses have increased by 0.2% 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
FUND OPPORTUNITIES, FULFILL DREAMS AND CELEBRATE EXCELLENCE IN HARRISONBURG CITY PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INNOVATIVE EDUCATOR GRANT PROGRAM PROVIDES OPPORTUNITIES FOR EDUCATORS TO DESIGN TARGETED, CUTTING-EDGE PROGRAMS TO MEET THE NEEDS OF THEIR STUDENTS, WHICH WOULD NOT OTHERWISE BE FUNDED THROUGH THE TRADITIONAL SCHOOL BUDGET PROCESS. THOSE PROGRAMS ARE EVALUATED AND AWARDED BY MEMBERS OF THE HEF BOARD AS WELL AS COMMUNITY VOLUNTEERS TO DETERMINE POTENTIAL EFFECTIVENESS. THE GRANTS ACKNOWLEDGE THE PROFESSIONALISM OF CITY EDUCATORS AND TIE COMMUNITY SUPPORT FROM HEF STRAIGHT TO THE CLASSROOM.
TEACHER APPRECIATION ACROSS THE DISTRICT HAS BECOME MEANINGFUL TRADITION. HEF WORKED TO GATHER FEEDBACK FROM EDUCATORS ON HOW THEY WOULD LIKE TO BE SUPPORTED AND SURPRISED THEM WITH CELEBRATIONS INCLUDING NATIONAL TEACHER APPRECIATION WEEK. HEF ALSO INVITED A FUN THANKS-A-LOTTO TO SURPRISE EDUCATORS WITH A NOTE OR TREAT IN MAY.
THE SCHOLARSHIP PROGRAM AWARDS SCHOLARSHIPS TO GRADUATING HARRISONBURG CITY PUBLIC HIGH SCHOOL SENIORS IN THE SPRING OF EACH YEAR. FUNDS COME FROM A VARIETY OF SPONSORS AND EACH SPONSOR HAS UNIQUE ELIGIBILITY REQUIREMENTS. SCHOLARSHIP APPLICATIONS ARE REVIEWED BY A COMMITTEE APPOINTED BY THE FOUNDATION.
OTHER EDUCATIONAL SUPPORT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Foucar-Szocki Chair | OfficerTrustee | 5 | $0 |
Tracey Veney Vice Chair | OfficerTrustee | 5 | $0 |
Paul Campbell Secretary | OfficerTrustee | 5 | $0 |
Dave Ward Treasurer | OfficerTrustee | 5 | $0 |
Cody Oliver Executive Director | Officer | 37.5 | $0 |
Regina Breeden Director | Trustee | 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 | $91,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,308 |
| Total Program Service Revenue | $0 |
| Investment income | $73,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $157,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,655 |
| Grants and other assistance to domestic individuals. | $31,722 |
| 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 | $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 | $1,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,911 |
| Fees for services: Other | $0 |
| Advertising and promotion | $264 |
| Office expenses | $4,977 |
| 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 | $45 |
| Interest | $500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $962 |
| Total functional expenses | $82,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,446 |
| Savings and temporary cash investments | $54,742 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $378,782 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,970 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $147,102 |
| Net assets with donor restrictions | $434,868 |
| 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 | $581,970 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Harrisonburg Education Foundation has recieved totaling $9,630.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: EDUCATION | $9,489 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Building Hope Real Estate Washington, DC | $105,552,493 | $11,148,900 |
Charter School Incubator Initiative Washington, DC | $37,834,831 | $8,281,364 |
Council For Opportunity In Education Washington, DC | $3,201,325 | $8,308,398 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Csdc Facilities Corporation Hanover, MD | $43,951,626 | $6,090,721 |
Citybridge Education Washington, DC | $3,430,657 | $5,924,866 |
Teaching Lab Washington, DC | $4,789,641 | $8,596,594 |
Fayette County Child Development Inc Oak Hill, WV | $1,256,000 | $4,245,853 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |