Form 990 for tax year 2023
Filed by THE LOUDOUN EDUCATION FOUNDATION.
Totals
- Total revenue
- $2,320,076
- Total expenses
- $3,085,913
- Contributions and grants received
- $2,048,327
- Grants paid
- $2,358,109
- Program service revenue
- $0
- Investment income
- $123,643
- Other revenue
- $148,106
- Total assets, end of year
- $2,016,872
- Total liabilities, end of year
- $118,934
- Net assets or fund balances, end of year
- $1,897,938
- Program services expenses (Part IX)
- $2,652,798
- Management and general expenses
- $433,115
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,652,798
Program services were 86.0% 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
$2,048,327
-
3 · Investment income
total $94,526 · excluded $94,526
-
7a · Gross sales of assets other than inventory
securities $513,524
-
7b · Less cost or other basis and sales expenses
securities $484,407
-
7c · Gain or loss
securities $29,117
-
7d · Net gain or loss
total $29,117 · related or exempt $29,117
-
8a · Fundraising events: gross income
$196,933
-
8b · Fundraising events: direct expenses
$50,663
-
8c · Net income from fundraising events
total $146,270 · excluded $146,270
-
11a · Other revenue
total $1,836 · excluded $1,836
-
11e · Other revenue, total
$1,836
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,286,819 · program services $2,286,819
-
2 · Grants to domestic individuals
total $71,290 · program services $71,290
-
5 · Compensation of officers, directors and key employees
total $93,288 · management and general $93,288
-
7 · Other salaries and wages
total $245,340 · program services $89,926 · management and general $155,414
-
9 · Other employee benefits
total $18,626 · management and general $18,626
-
10 · Payroll taxes
total $33,329 · program services $7,938 · management and general $25,391
-
11c · Fees: accounting
total $58,585 · management and general $58,585
-
11f · Fees: investment management
total $3,569 · management and general $3,569
-
11g · Fees: other
total $3,656 · management and general $3,656
-
12 · Advertising and promotion
total $36,502 · management and general $36,502
-
13 · Office expenses
total $30,396 · program services $3,993 · management and general $26,403
-
23 · Insurance
total $4,933 · management and general $4,933
-
24a · Other expenses: OUTREACH PROGRAMS - FOOD
total $104,666 · program services $104,666
-
24b · Other expenses: RECOGNITION FUNCTIONS
total $43,422 · program services $43,422
-
24c · Other expenses: SBP BREAKFAST
total $29,779 · program services $29,779
-
24d · Other expenses: OUTREACH PROGRAMS - MISC
total $12,517 · program services $12,517
-
24e · All other expenses
total $9,196 · program services $2,448 · management and general $6,748
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $986,391 · end of year $1,212,117
-
3 · Pledges and grants receivable
beginning of year $973,453 · end of year $35,540
-
9 · Prepaid expenses and deferred charges
beginning of year $14,197 · end of year $4,035
-
11 · Investments: publicly traded securities
beginning of year $667,043 · end of year $765,180
-
17 · Accounts payable and accrued expenses
beginning of year $11,061 · end of year $77,893
-
19 · Deferred revenue
beginning of year $20,500 · end of year $41,041
-
27 · Net assets without donor restrictions
beginning of year $2,436,864 · end of year $1,754,551
-
28 · Net assets with donor restrictions
beginning of year $172,659 · end of year $143,387
Mission and programs · 2023
Mission
TO INVEST COMMUNITY RESOURCES IN EDUCATIONAL PROJECTS THAT ENCOURAGE STUDENTS, TEACHERS, AND ADMINISTRATORS OF LOUDOUN COUNTY PUBLIC SCHOOLS TO SEEK EDUCATIONAL EXCELLENCE AND TO CELEBRATE THOSE INDIVIDUALS THAT ACHIEVE SUCH EXCELLENCE.
-
GRANT PROGRAMS: ALL EXPENSES INCURRED TO PROVIDE GRANTS TO TEACHERS, ADMINISTRATORS, AND PARENT SUPPORT ORGANIZATIONS FOR INNOVATIVE ACADEMIC PROJECTS. GRANTS AWARDED INCLUDE (1) CLASSROOM GRANT AWARDS TO TEACHERS TO SUPPLEMENT AND/OR ENHANCE THE STANDARD CURRICULUM AND ORDINARY TEACHING METHODS; (2) MULTI-CULTURAL GRANTS TO ASSIST SCHOOL IMPLEMENT PROGRAMS ON MULTICULTURAL EDUCATION, TARGETED PRIMARILY TOWARDS STUDENTS TO HELP THEM BETTER UNDERSTAND AND EMBRACE DIVERSITY; (3) PARENT SUPPORT GROUP GRANTS AVAILABLE TO PTO, PTA, AND OTHER PARENT SUPPORT GROUPS TO REWARD OR PROMOTE ACADEMIC ACHIEVEMENT; AND (4) SPECIAL PROGRAM GRANTS OUTSIDE OF THE NORMAL GRANT APPLICATION CYCLE FOR SPECIALIZED PROGRAMS SUCH AS ART PURCHASE AWARDS, SOCIAL SCIENCE FAIR AWARDS, AND SUMMER SCHOOL GRANTS.
Expenses $2,287,925 · Grants $2,286,819
-
RECOGNITION FUNCTIONS: ALL EXPENSES INCURRED TO RECOGNIZE EXCELLENCE IN EDUCATION AND OUTSTANDING TEACHERS IN LOUDOUN COUNTY. RECOGNITION FUNCTIONS PRIMARILY INCLUDE (1) THE ANNUAL EXCELLENCE IN EDUCATION BANQUET HONORING LOUDOUN COUNTY'S TOP ACADEMIC HIGH SCHOOL PERFORMERS AND (2) THE OUTSTANDING TEACHERS BANQUET HONORING LOUDOUN COUNTY TEACHERS NOMINATED FOR THE WASHINGTON POST'S AGNES MEYER OUTSTANDING TEACHER AWARD.
Expenses $43,473
-
SCHOLARSHIPS: ALL EXPENSES INCURRED TO PROVIDE SCHOLARSHIPS TO STUDENTS, TEACHERS, AND CLASSIFIED EMPLOYEES IN LOUDOUN COUNTY. SCHOLARSHIP PROGRAMS INCLUDE (1) FUTURE EDUCATOR SCHOLARSHIPS FOR LOUDOUN COUNTY PUBLIC HIGH SCHOOL SENIORS, (2) TEACHER SCHOLOARSHIPS FOR CURRENT LOUDOUN COUNTY PUBLIC SCHOOL TEACHERS SEEKING ENDORSEMENTS IN CRITICAL TEACHING SHORTAGE AREAS, AND (3) CLASSIFIED SCHOLARSHIPS FOR LOUDOUN COUNTY PUBLIC SCHOOL CLASSIFIED PERSONNEL TO FURTHER THEIR EDUCATION.
Expenses $71,290 · Grants $71,290
-
FUELED PROGRAM: ALL EXPENSES TO DEVELOP THE PROGRAM TO FEED LOUDOUN COUNTY PUBLIC SCHOOL STUDENTS IN NEED OVER WEEKENDS AND BREAKS. EXPENSES: 204,469. REVENUE 189,459. SCHOOL BUSINESS PARTNERSHIP BREAKFAST: ALL EXPENSES INCURRED RELATING TO HOSTING THE SCHOOL BUSINESS PARTNERSHIP BREAKFAST, THE PURPOSE OF WHICH IS TO PROVIDE LOUDOUN COUNTY PUBLIC SCHOOLS AND BUSINESS IN LOUDOUN COUNTY. EXPENSES: 30,411. OTHER OUTREACH PROGRAM EXPENSE = 15,230.
Expenses $250,110
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott MillerSCOTT MILLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Steven FredericksonSTEVEN FREDERICKSON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Myshel GuilloryMYSHEL GUILLORY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tracey FitzsimmonsTRACEY FITZSIMMONS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Amin BhatAMIN BHAT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kelly BlanksKELLY BLANKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian DiemarBRIAN DIEMAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Omari FaulknerOMARI FAULKNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rusty FosterRUSTY FOSTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul LinPAUL LIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff LongJEFF LONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe MayJOE MAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan MitchellSUSAN MITCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff MorseJEFF MORSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael PerhamMICHAEL PERHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Lynn RubinLYNN RUBIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Wade TetsukaWADE TETSUKA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Danielle NadlerDANIELLE NADLER
EXECUTIVE DI
- Total calculated
- $93,288
- From this org
- $89,700
- From related orgs
- $0
- Other
- $3,588
- 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
-
LOUDOUN COUNTY PUBLIC SCHOOLS
$2,255,162
GRANTS
-
$31,657
CREATIVE COPING
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501349349303025
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