Skip to content
Nonprofiteer
← ENDOWMENT PROJECT EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by ENDOWMENT PROJECT EDUCATION FOUNDATION.

Totals

Total revenue
$361,567
Total expenses
$174,498
Contributions and grants received
$361,382
Grants paid
$51,273
Program service revenue
$0
Investment income
$185
Other revenue
$0
Total assets, end of year
$227,300
Total liabilities, end of year
$40,231
Net assets or fund balances, end of year
$187,069
Program services expenses (Part IX)
$60,941
Management and general expenses
$78,421
Fundraising expenses
$35,136
Program service expenses (Part III)
$60,941

Program services were 34.9% 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

    $361,382

  • 1g · Noncash contributions included above

    $9,298

  • 3 · Investment income

    total $185 · excluded $185

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $51,273 · program services $51,273

  • 5 · Compensation of officers, directors and key employees

    total $26,480 · program services $7,944 · management and general $15,889 · fundraising $2,647

  • 9 · Other employee benefits

    total $3,050 · program services $915 · management and general $1,829 · fundraising $306

  • 10 · Payroll taxes

    total $2,208 · program services $662 · management and general $1,325 · fundraising $221

  • 11b · Fees: legal

    total $43,045 · management and general $43,045

  • 11c · Fees: accounting

    total $5,200 · management and general $5,200

  • 11e · Fees: professional fundraising services

    total $31,913 · fundraising $31,913

  • 11g · Fees: other

    total $2,660 · program services $147 · management and general $2,464 · fundraising $49

  • 13 · Office expenses

    total $2,764 · management and general $2,764

  • 16 · Occupancy

    total $2,700 · management and general $2,700

  • 17 · Travel

    total $1,786 · management and general $1,786

  • 22 · Depreciation, depletion and amortization

    total $93 · management and general $93

  • 23 · Insurance

    total $1,326 · management and general $1,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $225,928

  • 4 · Accounts receivable

    end of year $352

  • 10a · Land, buildings and equipment: cost or other basis

    $1,113

  • 10b · Land, buildings and equipment: accumulated depreciation

    $93

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,020

  • 17 · Accounts payable and accrued expenses

    end of year $40,231

  • 27 · Net assets without donor restrictions

    end of year $14,617

  • 28 · Net assets with donor restrictions

    end of year $172,452

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

THE ENDOWMENT PROJECT EDUCATON FOUNDATION IS CLOSING THE FUNDING GAP BETWEEN PUBLIC AND PRIVATE EDUCATION IN AMERICA BY BUILDING A CULTURE OF DIRECT, FOCUSED, AND IMPACTFUL PHILANTHROPY DESIGNED TO SUPPORT SCHOOL-LEVEL AND SYSTEMIC PUBLIC EDUCATION NEEDS.

  • THE FOUNDATION SECURES FUNDING FOR PUBLIC HIGH SCHOOL SUPPORT AND DEPLOY THOSE FUNDS IN ACCORDANCE WITH DONOR INSTRUCTIONS, WHEN APPROPRIATE, AND THROUGH GRANTMAKING TO SCHOOLS. IN MAY OF 2023, THE FOUNDATION LAUNCHED 12 PILOT SCHOOLS IN THE RICHMOND-METRO AREA. WORKING WITH ALUMNI AND COMMUNITY SUPPORTERS, TEPF WAS ABLE TO SECURE A TOTAL OF $361,382 IN CONTRIBUTED INCOME; $255,633 SPECIFICALLY FOR USE TO SUPPORT SCHOOL NEEDS. IN 2023, TEPF DEPLOYED MORE THAN $51,000 DIRECTLY TO SUPPORT SCHOOL PROJECTS INCLUDING THE INSTALLATION OF 20 SMARTBOARDS, COLLEGE SCHOLARSHIPS FOR FIRST-GENERATION STUDENTS, TEACHER PROFESSIONAL DEVELOPMENT FUNDING, STUDENT SUPPORT PROGRAMS, AND AN EXPERIENTIAL LEARNING TRIP FOR STUDENTS TO WASHINGTON, DC.

    Expenses $60,941 · Grants $51,273

As filed on the 2023 return.

Listed in Part VII

  • Dr Danny Avula

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Bill Hoffman

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Kechriotis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Ripley

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Gerard Robinson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Pamela Kiecker Royall PhD

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rachel Biundo

    EXECUTIVE DIRECTOR

    Total calculated
    $29,269
    From this org
    $26,219
    From related orgs
    $0
    Other
    $3,050
    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

  • DOUGLAS S FREEMAN HIGH SCHOOL

    $40,000

    SCHOLARSHIP ($5,000), TEACHER DEVELOPMENT ($20,000), MULTI-LINGUAL PARENT LIASON ($15,000)

  • ARMSTRONG HIGH SCHOOL

    $6,600

    RICHMOND PUBLIC SCHOOL FUND FOR TEACHER EXCELLANCE

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202401359349306765

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.