Winchester Education Foundation Inc
- Assets
- $2.5m
- Revenue
- $486.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 01/2001
- Data as of
- 06/2022
- 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 06/2022, Winchester Education Foundation Inc generated $486.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $644.3k during the year ending 06/2022. While expenses have increased by 7.5% 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 WINCHESTER EDUCATION FOUNDATION IS DEDICATED TO ELEVATING OUR COMMUNITY THROUGH PROMOTING EDUCATIONAL OPPORTUNITIES AND PROVIDING SUPPORT FOR WINCHESTER PUBLIC SCHOOL, ITS STUDENTS, TEACHERS AND STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY 2022, THE WINCHESTER EDUCATION FOUNDATION CONTINUED TO SECURE 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 HAS BEEN COMPLETED AND IS OPEN FOR STUDENT INSTRUCTION. AWARDED 14 SCHOLARSHIPS FOR A TOTAL OF $19,947 TO GRADUATING HANDLEY HIGH SCHOOL STUDENTS AS WELL AS WINCHESTER PUBLIC SCHOOLS FACULTY .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Haston Director | Trustee | 1 | $0 |
Nate Adams Director | Trustee | 1 | $0 |
Thomas Dixon Director | Trustee | 1 | $0 |
Kathy Thomas Director | Trustee | 1 | $0 |
Bill Armstrong Director | Trustee | 1 | $0 |
Madelyn Rodriguez President | OfficerTrustee | 5 | $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 | $403,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,041 |
| Total Program Service Revenue | $0 |
| Investment income | $31,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $465,896 |
| Grants and other assistance to domestic individuals. | $19,947 |
| 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 | $17,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $119,227 |
| Fees for services: Investment Management | $10,374 |
| Fees for services: Other | $6,985 |
| Advertising and promotion | $0 |
| Office expenses | $5 |
| 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 | $1,891 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,662 |
| All other expenses | $0 |
| Total functional expenses | $644,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,633 |
| Savings and temporary cash investments | $277,466 |
| Pledges and grants receivable | $471,099 |
| 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 | $1,575,616 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,519,814 |
| Accounts payable and accrued expenses | $33,841 |
| Grants payable | $7,600 |
| 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 | $41,441 |
| Net assets without donor restrictions | $105,997 |
| Net assets with donor restrictions | $2,372,376 |
| 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 | $2,519,814 |
Grants Awarded
Over the last fiscal year, Winchester Education Foundation Inc has awarded $428,772 in support to 4 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 |
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 |