Winchester Education Foundation Inc
- Assets
- $3.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 01/2001
- Data as of
- 06/2021
- EIN
- 54-2009704
Organization Overview
Winchester Education Foundation Inc is located in Winchester, VA. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Winchester 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 06/2021, Winchester Education Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 17.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE FUNDING OF WINCHESTER PUBLIC SCHOOLS AND THE HANDLEY TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY 2020-2021, THE WINCHESTER EDUCATION FOUNDATION CONTINUED TO SECURE MATCHING GIFT DONATIONS FOR THE CONVERSION OF THE FORMER JOHN KERR ELEMENTARY SCHOOL INTO A CENTER FOR CAREER AND TECHNICAL EDUCATION PROGRAMS (THE EMIL AND GRACE SHIHADEH INNOVATION CENTER); THE FACILITY IS NEARING COMPLETION WITH A GRAND OPENING CEREMONY TO BE HELD IN THE FALL OF 2021; AWARDED 8 SCHOLARSHIPS FOR A TOTAL OF $6,500 TO GRADUATING HANDLEY HIGH SCHOOL STUDENTS AS WELL AS 6 SCHOLARSHIPS FOR A TOTAL OF $20,000 TO WINCHESTER PUBLIC SCHOOLS FACULTY .
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 |
|---|---|---|---|
Madelyn Rodriguez President | OfficerTrustee | 5 | $0 |
Irina Khanin Vice President | OfficerTrustee | 5 | $0 |
Martha Roberson Secretary | OfficerTrustee | 5 | $0 |
Lisa Frye Treasurer | OfficerTrustee | 5 | $0 |
Russ Potts Exec Dir (7/20 - 12/21) | Officer | 20 | $0 |
Dennis Haston 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 | $1,310,898 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,310,898 |
| Total Program Service Revenue | $0 |
| Investment income | $28,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,471,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $759,588 |
| Grants and other assistance to domestic individuals. | $24,781 |
| 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 | $22,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $168,599 |
| Fees for services: Investment Management | $10,605 |
| Fees for services: Other | $3,423 |
| Advertising and promotion | $0 |
| Office expenses | $1,644 |
| 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 | $2,070 |
| All other expenses | $0 |
| Total functional expenses | $1,018,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,019 |
| Savings and temporary cash investments | $277,025 |
| Pledges and grants receivable | $865,595 |
| 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 | $0 |
| Investments—program-related | $1,784,251 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,145,890 |
| Accounts payable and accrued expenses | $88,956 |
| Grants payable | $163,013 |
| 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 | $251,969 |
| Net assets without donor restrictions | $720,833 |
| Net assets with donor restrictions | $2,173,088 |
| 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 | $3,145,890 |
Grants Awarded
Over the last fiscal year, Winchester Education Foundation Inc has awarded $214,386 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WINCHESTER PUBLIC SCHOOLS PURPOSE: SUPPORT SPECIAL PROJECTS OF PUBLIC SCHOOLS OF WINCHESTER, VIRGINIA. | $201,849 |
THE HANDLEY BOARD OF TRUSTEES PURPOSE: SUPPORT SPECIAL PROJECTS OF PUBLIC SCHOOLS OF WINCHESTER, VIRGINIA. | $12,537 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Winchester Education Foundation Inc has recieved totaling $353,833.
| Awarding Organization | Amount |
|---|---|
Fredrick D And Karen G Schaufeld Family Foundation Greensboro, NC PURPOSE: SUPPORT OF EDUCATIONAL PROGRAMS | $200,000 |
Community Foundation For Loudoun And Northern Fauquier Counties Leesburg, VA PURPOSE: GENERAL SUPPORT FOR THE EMIL AND GRACE SHIHADEH INNOVATION CENTER, TO INCLUDE EXPANDING STAFF, EXPANDING FIELD TRIP AND OFF-SITE LEARNING EXPERIENCES FOR STUDENTS, AND EXPANDING INTERNSHIP OPPORTUNITIES | $55,000 |
Gerald And Paula Mcnichols Family Foundation Winchester, VA PURPOSE: EDUCATION PROGRAM SUPPORT | $50,000 |
Adler Foundation Inc Fairfax, VA PURPOSE: GENERAL SUPPORT | $33,333 |
William A Hazel Family Foundation Warrenton, VA PURPOSE: TO FURTHER CHARITABLE PURPOSE | $10,000 |
The Mirza Family Foundation Herndon, VA PURPOSE: PROGRAM ASSISTANCE - COMMUNITY/EDUCATION SERVICES | $5,000 |
Endowment Analysis
| Beg. Balance | $572,807 |
| Earnings | $120,188 |
| Net Contributions | $6,500 |
| Grants | $2,000 |
| Ending Balance | $697,495 |