Harrisonburg Education Foundation
- Assets
- $700.9k
- Revenue
- $222.7k
- Investments
- $385.3k
- Employees
- 0
- Location
- Harrisonburg, VA
- Founding
- 06/2004
- Data as of
- 06/2023
- 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 06/2023, Harrisonburg Education Foundation generated $222.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $123.5k during the year ending 06/2023. While expenses have increased by 13.5% per year over the past 4 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
2023
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.
FROM 2021-2023 HEF SUPPORTED THE GROWTH OF A GROUP OF VOLUNTEERS WORKING TO PROVIDE WEEKEND FOOD FOR HARRISONBURG STUDENTS IN NEED. THE BACKPACK COALITION CAME ABOUT AS A WAY FOR HARRISONBURG BACKPACK PROJECTS TO SUPPORT EACH OTHER AND SHARE BEST PRACTICES. BY PARTNERING WITH HARRISONBURG EDUCATION FOUNDATION, COALITION MEMBERS WORKED COLLABORATIVELY WITH THE SCHOOL DISTRICT AS WELL AS A WIDE VARIETY OF PARTNERS. THE GROUP MET QUARTERLY, CREATED A NETWORK OF COMMITTED VOLUNTEER LEADERS AND WORKED JOINTLY TO FUNDRAISE TO SUPPORT ALL PROGRAMS. EACH PROJECT IS SUPPORTED BY A FISCAL AGENT, MANAGED BY A VOLUNTEER AND SUPPORTED BY SCHOOL STAFF.
TEACHER APPRECIATION AND RECOGNITION ACROSS THE SCHOOL DISTRICT IS A FOCUS YEAR ROUND FOR HEF. WE WELCOME NEW TEACHERS AT THE BEGINNING OF THE SCHOOL YEAR WITH A HOT BREAKFAST AND DOOR PRIZES. IN OCTOBER, HEF HELPS STUDENTS MAKE HUNDREDS CANDYGRAMS FOR EDUCATORS. HEF ALSO HOSTS A THANKS-A-LOTTO GAME IN THE SPRING, WHERE EVERY EDUCATOR RECEIVES A SCRATCH OFF THAT HAS SUPPORTIVE MESSAGES FROM THE COMMUNITY AS WELL AS PRIZES TO SOME. HEF ALSO LEADS THE CELEBRATION OF OUR EDUCATORS OF THE YEAR THAT ARE SELECTED AT EACH SCHOOL BY HCPS. THROUGHOUT THE YEAR, HEF COORDINATES A GROUP OF LIAISONS FOR EACH SCHOOL CALLED THE HEF SUPERFRIENDS TO SHARE FEEDBACK AND UPDATES ON OUR WORK. WE ALSO PROVIDE COMPLIMENTARY TICKETS TO SELECT EDUCATORS TO OUR END OF YEAR EVENT.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Veney Chair | OfficerTrustee | 5 | $0 |
Tamara Grant Vice Chair | OfficerTrustee | 5 | $0 |
Paul Campbell Secretary | OfficerTrustee | 5 | $0 |
Dave Ward Treasurer | OfficerTrustee | 5 | $0 |
Mike Davis Director | Trustee | 1 | $0 |
Angie Gochenour 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 | $217,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,463 |
| Total Program Service Revenue | $0 |
| Investment income | $3,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,376 |
| Grants and other assistance to domestic individuals. | $71,822 |
| 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 | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,660 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90 |
| Office expenses | $5,481 |
| 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 | $34 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $123,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,253 |
| Savings and temporary cash investments | $52,323 |
| 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 | $385,282 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $700,858 |
| 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 | $269,004 |
| Net assets with donor restrictions | $431,854 |
| 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 | $700,858 |