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Nonprofiteer
← RICHMOND PUBLIC SCHOOLS EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by RICHMOND PUBLIC SCHOOLS EDUCATION FOUNDATION INC.

Totals

Total revenue
$4,687,538
Total expenses
$5,047,358
Contributions and grants received
$4,680,010
Grants paid
$0
Program service revenue
$0
Investment income
$7,528
Other revenue
$0
Total assets, end of year
$4,228,822
Total liabilities, end of year
$742,089
Net assets or fund balances, end of year
$3,486,733
Program services expenses (Part IX)
$4,679,420
Management and general expenses
$176,245
Fundraising expenses
$191,693
Program service expenses (Part III)
$4,679,420

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,680,010

  • 3 · Investment income

    total $7,528 · excluded $7,528

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $252,560 · program services $50,512 · management and general $101,024 · fundraising $101,024

  • 7 · Other salaries and wages

    total $28,882 · program services $5,768 · management and general $11,577 · fundraising $11,537

  • 11g · Fees: other

    total $803,754 · program services $739,398 · management and general $41,205 · fundraising $23,151

  • 12 · Advertising and promotion

    total $11,266 · program services $1,400 · management and general $6,948 · fundraising $2,918

  • 13 · Office expenses

    total $17,676 · program services $16,573 · management and general $1,103

  • 14 · Information technology

    total $7,616 · program services $3,808 · management and general $3,808

  • 17 · Travel

    total $2,590 · management and general $1,295 · fundraising $1,295

  • 19 · Conferences, conventions and meetings

    total $71,719 · program services $65,243 · management and general $3,238 · fundraising $3,238

  • 23 · Insurance

    total $4,880 · management and general $4,880

  • 24a · Other expenses: EDUCATIONAL PROGRAMMING

    total $3,208,074 · program services $3,208,074

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $384,563 · program services $336,549 · management and general $14 · fundraising $48,000

  • 24c · Other expenses: SPECIAL EVENTS

    total $235,735 · program services $235,735

  • 24d · Other expenses: OTHER

    total $15,472 · program services $15,472

  • 24e · All other expenses

    total $2,571 · program services $888 · management and general $1,153 · fundraising $530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,171,314 · end of year $4,228,822

  • 3 · Pledges and grants receivable

    beginning of year $2,781,613

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,374 · end of year $742,089

  • 27 · Net assets without donor restrictions

    beginning of year $219,830 · end of year $541,074

  • 28 · Net assets with donor restrictions

    beginning of year $3,626,723 · end of year $2,945,659

Mission and programs · 2024

Mission

RPSEF SUPPORTS TEACHING AND LEARNING INSIDE RICHMOND PUBLIC SCHOOLS THAT ARE NOT ALREADY COVERED BY EXISTING PUBLIC FUNDING. THE FOUNDATION FOCUSES IN THREE AREAS; STUDENT SUCCESS, TEACHING INNOVATION AND COLLEGE AND CAREER READINESS.

Activities or mission (Part I)

TO INCREASE PRIVATE PHILANTHROPY COMING INTO THE SCHOOL SYSTEM TO SUPPORT NEW AND EXISTING PROGRAMS. TO BE A LIASON BETWEEN THE SCHOOL SYSTEM AND PRIVATE SECTOR TO ENSURE PROGRAMS ARE ALIGNED WITH THE RPS STRATEGIC OUTLOOK.

  • EARLY LITERACY: THE RICHMOND ED FUND INVESTED IN IMPLEMENTING EVIDENCE-BASED EARLY LITERACY INSTRUCTION ACROSS RICHMOND PUBLIC SCHOOLS BY SUPPORTING THE SCIENCE OF READING APPROACH THROUGH UFLI AND PROVIDING ONGOING PROFESSIONAL DEVELOPMENT FOR ALL K2 TEACHERS, LED BY LITERACY COACHES. AS VIRGINIA TRANSITIONED FROM THE PHONOLOGICAL AWARENESS LITERACY SCREENING (PALS) TO THE VIRGINIA LANGUAGE & LITERACY SCREENING SYSTEM (VALLSS), RICHMOND PUBLIC SCHOOLS ACHIEVED A 14-POINT GROWTH IN EARLY LITERACY OUTCOMES IN FY25. THESE INVESTMENTS STRENGTHEN FOUNDATIONAL READING SKILLS, WHICH ARE CLOSELY LINKED TO LONG-TERM ACADEMIC SUCCESS, GRADUATION RATES, AND WORKFORCE READINESS, REDUCING FUTURE REMEDIATION COSTS, IMPROVING THE RETURN ON PUBLIC EDUCATION INVESTMENTS, AND STRENGTHENING THE REGION'S LONG-TERM TALENT PIPELINE.

    Expenses $650,937

  • RPS200: THE RICHMOND ED FUND CONTINUED SUPPORTING RPS200, AN EXTENDED LEARNING TIME INITIATIVE AIMED AT ACCELERATING ACADEMIC PROGRESS FOR STUDENTS WHO BENEFIT MOST FROM EXTRA INSTRUCTION AND ENRICHMENT. BY INCREASING LEARNING TIME WITHOUT NEEDING SIGNIFICANT NEW INFRASTRUCTURE, THE INITIATIVE MAXIMIZES THE USE OF EXISTING SCHOOL RESOURCES WHILE ACHIEVING NOTABLE ACADEMIC GAINS FOR PARTICIPATING STUDENTS. THIS APPROACH ENHANCES SKILL DEVELOPMENT, ENSURES ON-TIME GRADE PROGRESSION, AND IMPROVES LONG-TERM WORKFORCE READINESS, THEREBY INCREASING THE OVERALL RETURN ON PUBLIC EDUCATION INVESTMENTS AND HELPING BUILD A STRONGER, MORE DEPENDABLE FUTURE WORKFORCE FOR THE RICHMOND REGION.

    Expenses $85,000

  • RPS LEADS: THE RICHMOND ED FUND SUPPORTED RPS LEADS, A YEARLONG LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO PREPARE ASSISTANT PRINCIPALS AND NEW PRINCIPALS TO BECOME HIGHLY EFFECTIVE SCHOOL LEADERS ACROSS RICHMOND PUBLIC SCHOOLS. PARTICIPANTS ENGAGED IN INTENSIVE PROFESSIONAL LEARNING AND COACHING ALIGNED WITH DISTRICT PRIORITIES, RESULTING IN 100% RETENTION OF COHORT MEMBERS AND TWO PROMOTIONS TO EXPANDED LEADERSHIP ROLES. INVESTMENTS IN LEADERSHIP DEVELOPMENT STRENGTHEN SCHOOL PERFORMANCE, IMPROVE TEACHER RETENTION, AND REDUCE COSTLY LEADERSHIP TURNOVER, ENSURING STRONGER INSTRUCTIONAL ENVIRONMENTS AND INCREASING THE LONG-TERM RETURN ON PUBLIC EDUCATION INVESTMENTS THROUGH MORE STABLE AND EFFECTIVE SCHOOL LEADERSHIP.

    Expenses $3,943,483

As filed on the 2024 return.

Listed in Part VII

  • Kathy Burcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Genevieve Siegel-Hawley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Matt Conrad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr Emanuel Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Megan Healy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carlos Hopkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Jose Morey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rupa Murthy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Mills

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Dr Thad Williamson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Wendy P Lewis

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Tracy Brower

    DEPUTY EXEC DIRECTOR-ENDED 2/25

    Total calculated
    $80,081
    From this org
    $78,519
    From related orgs
    $0
    Other
    $1,562
    Hours/week
    40

  • Taikein Cooper

    CEO

    Total calculated
    $139,035
    From this org
    $136,114
    From related orgs
    $0
    Other
    $2,921
    Hours/week
    40

  • Martin Sutler

    VP-STRATEGIC PARTNERSHIP & INITIATIVES

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 March 2026
IRS schema version
2024v5.5
Source object
202610789349301111

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