Totals
- Total revenue
- $1,228,109
- Total expenses
- $3,963,520
- Contributions and grants received
- $519,128
- Grants paid
- $2,144,262
- Program service revenue
- $0
- Investment income
- $724,551
- Other revenue
- -$15,570
- Total assets, end of year
- $22,551,930
- Total liabilities, end of year
- $530,929
- Net assets or fund balances, end of year
- $22,021,001
- Program services expenses (Part IX)
- $3,310,485
- Management and general expenses
- $222,153
- Fundraising expenses
- $430,882
- Program service expenses (Part III)
- $3,310,485
Program services were 83.5% 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.
-
1c · Fundraising events
$24,185
-
1e · Government grants (contributions)
$248,440
-
1f · All other contributions, gifts and grants
$246,503
-
1g · Noncash contributions included above
$420
-
3 · Investment income
total $633,517 · excluded $633,517
-
7a · Gross sales of assets other than inventory
securities $4,568,257
-
7b · Less cost or other basis and sales expenses
securities $4,477,223
-
7c · Gain or loss
securities $91,034
-
7d · Net gain or loss
total $91,034 · excluded $91,034
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$24,185
-
8b · Fundraising events: direct expenses
$15,570
-
8c · Net income from fundraising events
total -$15,570 · excluded -$15,570
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,144,262 · program services $2,144,262
-
5 · Compensation of officers, directors and key employees
total $185,712 · program services $55,714 · management and general $37,142 · fundraising $92,856
-
7 · Other salaries and wages
total $752,613 · program services $542,985 · management and general $49,586 · fundraising $160,042
-
8 · Pension plan contributions
total $40,102 · program services $29,719 · management and general $22 · fundraising $10,361
-
9 · Other employee benefits
total $81,565 · program services $54,961 · management and general $6,944 · fundraising $19,660
-
10 · Payroll taxes
total $70,865 · program services $45,322 · management and general $6,779 · fundraising $18,764
-
11a · Fees: management
total $31,389 · program services $20,075 · management and general $3,003 · fundraising $8,311
-
11c · Fees: accounting
total $22,470 · management and general $22,470
-
11f · Fees: investment management
total $93,868 · fundraising $93,868
-
11g · Fees: other
total $335,852 · program services $268,801 · management and general $63,909 · fundraising $3,142
-
12 · Advertising and promotion
total $12,160 · program services $8,371 · management and general $1,882 · fundraising $1,907
-
13 · Office expenses
total $25,038 · program services $14,886 · management and general $2,492 · fundraising $7,660
-
14 · Information technology
total $89,517 · program services $79,307 · management and general $5,875 · fundraising $4,335
-
16 · Occupancy
total $23,646 · program services $10,409 · management and general $10,433 · fundraising $2,804
-
17 · Travel
total $9,271 · program services $6,649 · management and general $696 · fundraising $1,926
-
19 · Conferences, conventions and meetings
total $25,457 · program services $20,960 · management and general $900 · fundraising $3,597
-
23 · Insurance
total $9,386 · program services $469 · management and general $8,723 · fundraising $194
-
24a · Other expenses: PROGRAM SUPPLIES
total $8,800 · program services $7,595 · management and general $320 · fundraising $885
-
24b · Other expenses: BUSINESS EXPENSES
total $1,547 · management and general $977 · fundraising $570
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $446,582 · end of year $236,042
-
2 · Savings and temporary cash investments
beginning of year $1,606,616 · end of year $627,668
-
3 · Pledges and grants receivable
beginning of year $2,677,010 · end of year $212,650
-
9 · Prepaid expenses and deferred charges
beginning of year $9,959 · end of year $1,665
-
11 · Investments: publicly traded securities
beginning of year $16,483,521 · end of year $17,890,911
-
12 · Investments: other securities
beginning of year $2,586,939 · end of year $3,561,066
-
15 · Other assets
beginning of year $31,349 · end of year $21,928
-
17 · Accounts payable and accrued expenses
beginning of year $437,051 · end of year $509,341
-
25 · Other liabilities
beginning of year $30,777 · end of year $21,588
-
27 · Net assets without donor restrictions
beginning of year $20,895,817 · end of year $22,006,626
-
28 · Net assets with donor restrictions
beginning of year $2,478,331 · end of year $14,375
Mission and programs · 2024
Mission
TO PROMOTE EDUCATIONAL EQUITY BY REMOVING BARRIERS AND CREATING PATHWAYS TO ENSURE ALL STUDENTS IN RICHMOND HAVE ACCESS TO HIGH QUALITY EDUCATION, EXCEL FROM HIGH SCHOOL TO HIGHER EDUCATION, ATTAIN A POSTSECONDARY DEGREE OR CERTIFICATION, (CONTINUED ON SCH. O)THRIVE IN THE FIELD OF THEIR CHOICE, AND BECOME A LEADER OF POSITIVE CHANGE IN THEIR COMMUNITY AND THE WORLD.
Activities or mission (Part I)
TO PROMOTE EDUCATIONAL EQUITY TO ENSURE ALL STUDENTS HAVE ACCESS TO HIGH QUALITY EDUCATION.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $3,310,485 · Grants $2,144,262
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Nicole BarnettNICOLE BARNETT
BOARD MEMBER; CHAIR (START 06/24)
- Total calculated
- $0
- Hours/week
- 1
-
Michael LittletonMICHAEL LITTLETON
CHAIR (THRU 06/24); BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mojdeh MehdizadehMOJDEH MEHDIZADEH
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Linsi CrainLINSI CRAIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3
-
Annmarie BainesANNMARIE BAINES
BOARD MEMBER (THRU 3/31/24)
- Total calculated
- $0
- Hours/week
- 0.1
-
Jeff ButlerJEFF BUTLER
BOARD MEMBER (THRU 8/7/24)
- Total calculated
- $0
- Hours/week
- 0.3
-
Shasa CurlSHASA CURL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Ilaf EsufILAF ESUF
BOARD MEMBER (THRU 12/5/24)
- Total calculated
- $0
- Hours/week
- 0.3
-
Brian HubingerBRIAN HUBINGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.01
-
Chris HurstCHRIS HURST
BOARD MEMBER (THRU 12/5/24)
- Total calculated
- $0
- Hours/week
- 0.1
-
Linda SchmidLINDA SCHMID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Ree'Shemah ThorntonREE'SHEMAH THORNTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Christopher WhitmoreCHRISTOPHER WHITMORE
EXECUTIVE DIRECTOR
- Total calculated
- $185,711
- From this org
- $172,310
- From related orgs
- $0
- Other
- $13,401
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $162,310
- Bonus
- $10,000
- Other
- $0
- Deferred
- $5,169
- Nontaxable benefits
- $8,232
- Filer's total
- $185,711
-
Anjanine BonetANJANINE BONET
CHIEF OPERATING OFFICER
- Total calculated
- $133,807
- From this org
- $113,669
- From related orgs
- $0
- Other
- $20,138
- Hours/week
- 50
-
Ben EnosBEN ENOS
DIRECTOR OF COMMUNICATIONS
- Total calculated
- $129,122
- From this org
- $109,694
- From related orgs
- $0
- Other
- $19,428
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- EXECUTIVE DIRECTOR RECEIVED A $10,000 BONUS AS APPROVED BY THE BOARD OF DIRECTORS
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513179349312061
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