Stuart Hall School Foundation
- Assets
- $8.9m
- Revenue
- $3.6m
- Investments
- $3.6m
- Employees
- 0
- Location
- Staunton, VA
- Founding
- 02/2005
- Data as of
- 06/2022
- EIN
- 84-1648803
Organization Overview
Stuart Hall School Foundation is located in Staunton, VA. The organization was established in 2005. 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. Stuart Hall School 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, Stuart Hall School Foundation generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 13.2% 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.
Since 2018, Stuart Hall School Foundation has awarded 22 individual grants totaling $14,868,560. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED TO PROMOTE THE WELFARE OF ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS, AS WELL AS TO MAKE DISTRIBUTIONS TO SUCH ORGANIZATIONS. THE FOUNDATION'S PURPOSE MAY INCLUDE SUPPORTING THE EDUCATIONAL MINISTRY AND MISSION OF STUART HALL SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT TO THE TAX-EXEMPT COMMUNITY, INCLUDING THOSE THAT PROMOTE A CULTURE OF HIGH EXPECTATION, ATTENTION TO CHARACTER, CHALLENGING ACADEMIC PROGRAMS, AND CONTINUING PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David G Frackelton Chair | OfficerTrustee | 1 | $0 |
Dana Parks Gray Secretary/treasurer | OfficerTrustee | 1 | $0 |
Benjamin N Wafle Vice Chair | OfficerTrustee | 1 | $0 |
Susan Smith Makos Trustee | Trustee | 1 | $0 |
Bonnie Fontenot Nielson Trustee | Trustee | 1 | $0 |
Mary K Stern Trustee | 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 | $2,898,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,898,952 |
| Total Program Service Revenue | $0 |
| Investment income | $107,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $580,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,586,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,332,878 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $17,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,049 |
| Fees for services: Other | $12,649 |
| Advertising and promotion | $0 |
| Office expenses | $8,300 |
| 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 | $9,943 |
| All other expenses | $0 |
| Total functional expenses | $2,402,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $773,302 |
| Savings and temporary cash investments | $3,624,453 |
| Pledges and grants receivable | $421,871 |
| 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 | $355,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,639,414 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,857 |
| Total assets | $8,911,368 |
| Accounts payable and accrued expenses | $322 |
| 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 | $500 |
| Total liabilities | $822 |
| Net assets without donor restrictions | $164,901 |
| Net assets with donor restrictions | $8,745,645 |
| 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 | $8,911,368 |
Grants Awarded
Over the last fiscal year, Stuart Hall School Foundation has awarded $2,332,878 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: CAPITAL IMPROVEMENTS | $1,454,769 |
Richmond, VA PURPOSE: SCHOOL OPERATIONS | $522,828 |
Richmond, VA PURPOSE: SCHOLARSHIPS | $355,281 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Stuart Hall School Foundation has recieved totaling $364,579.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $78,816 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $74,000 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $67,750 |
Community Foundation Of The Central Blue Ridge Staunton, VA PURPOSE: GENERAL SUPPORT | $66,387 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $55,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $22,500 |
Endowment Analysis
| Beg. Balance | $5,806,393 |
| Earnings | -$30,939 |
| Net Contributions | $11,000 |
| Grants | $661,159 |
| Ending Balance | $5,125,295 |