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Nonprofiteer
← RICHMOND PUBLIC SCHOOLS EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by RICHMOND PUBLIC SCHOOLS EDUCATION FOUNDATION INC.

Totals

Total revenue
$1,131,579
Total expenses
$874,228
Contributions and grants received
$1,130,638
Grants paid
$25,500
Program service revenue
$0
Investment income
$941
Other revenue
$0
Total assets, end of year
$1,664,688
Total liabilities, end of year
$21,795
Net assets or fund balances, end of year
$1,642,893
Program services expenses (Part IX)
$711,371
Management and general expenses
$83,452
Fundraising expenses
$79,405
Program service expenses (Part III)
$711,371

Program services were 81.4% 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

    $1,130,638

  • 3 · Investment income

    total $941 · excluded $941

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $25,500 · program services $25,500

  • 5 · Compensation of officers, directors and key employees

    total $149,917 · program services $30,517 · management and general $59,700 · fundraising $59,700

  • 7 · Other salaries and wages

    total $10,706 · program services $1,607 · management and general $4,550 · fundraising $4,549

  • 9 · Other employee benefits

    total $828 · program services $166 · management and general $331 · fundraising $331

  • 11g · Fees: other

    total $43,290 · program services $28,455 · management and general $8,655 · fundraising $6,180

  • 13 · Office expenses

    total $1,904 · management and general $1,674 · fundraising $230

  • 14 · Information technology

    total $6,561 · fundraising $6,561

  • 23 · Insurance

    total $2,595 · management and general $2,595

  • 24a · Other expenses: EDUCATIONAL PROGRAMMING

    total $530,867 · program services $530,867

  • 24b · Other expenses: SPECIAL EVENTS

    total $76,245 · program services $76,245

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $20,664 · program services $14,795 · management and general $4,754 · fundraising $1,115

  • 24d · Other expenses: MEETING EXPENSE

    total $2,831 · program services $1,458 · management and general $924 · fundraising $449

  • 24e · All other expenses

    total $2,320 · program services $1,761 · management and general $269 · fundraising $290

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,209,272 · end of year $1,163,646

  • 2 · Savings and temporary cash investments

    beginning of year $71,221 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $119,161 · end of year $501,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,112 · end of year $21,795

  • 27 · Net assets without donor restrictions

    beginning of year $223,708 · end of year $228,662

  • 28 · Net assets with donor restrictions

    beginning of year $1,161,834 · end of year $1,414,231

Mission and programs · 2022

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.

  • RPSEF PROVIDES DIRECT SUPPORT TO RICHMOND PUBLIC SCHOOLS FOR STUDENT PROGRAMMING, SCHOOL EQUIPMENT SUCH AS SOFTWARE, MUSICAL INSTRUMENTS AND POTTERY KILNS, AND SCHOOL BEAUTIFICATION PROJECTS. THE FOUNDATION SUPPORTS BOTH THE RICHMOND PUBLIC SCHOOLS DIRECTLY AS WELL AS THROUGH VARIOUS OTHER ORGANIZATIONS PROVIDING SERVICES AND SUPPORT TO THE RICHMOND PUBLIC SCHOOLS. IN THIS YEAR, PARTICULAR AREAS OF FOCUS WERE LITERACY, TEACHER RECRUITMENT, AND THE SUPPORT OF TEACHERS AND STUDENT IMPACTED BY THE FOX ELEMENTARY SCHOOL FIRE.

    Expenses $674,911

  • THE FOUNDATION ALSO RAISES MONEY AND DISTRIBUTES SCHOLARSHIPS TO GRADUATING RPS SENIORS WITH OUTSTANDING ACADEMIC, EXTRACURRICULAR, AND COMMUNITY ACHIEVEMENTS. THE GOAL OF THE FOUNDATION'S SCHOLARSHIPS IS TO HELP BRIDGE FUNDING GAPS FOR STUDENTS WHO ARE NOT OTHERWISE RECEIVING SIGNIFICANT FINANCIAL ASSISTANCE.

    Expenses $36,460 · Grants $25,500

As filed on the 2022 return.

Listed in Part VII

  • Kathy Burcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matth 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

  • David Mills

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Dr Thad Williamson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Wendy P Lewis

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Dr Genevieve Siegel-Hawley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Rupa Murthy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ty Toepke

    EXECUTIVE DIRECTOR - ENDED 10/22

    Total calculated
    $91,276
    From this org
    $89,104
    From related orgs
    $0
    Other
    $2,172
    Hours/week
    40

  • Tracy Brower

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $17,859
    From this org
    $17,475
    From related orgs
    $0
    Other
    $384
    Hours/week
    40

  • Taikein Cooper

    EXECUTIVE DIRECTOR - STARTED 2/23

    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
2022
Filed
1 February 2024
IRS schema version
2022v5.0
Source object
202400329349301545

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