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← ENDOWMENT PROJECT EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by ENDOWMENT PROJECT EDUCATION FOUNDATION.

Totals

Total revenue
$1,029,670
Total expenses
$543,154
Contributions and grants received
$1,027,313
Grants paid
$210,475
Program service revenue
$0
Investment income
$2,357
Other revenue
$0
Total assets, end of year
$706,615
Total liabilities, end of year
$33,030
Net assets or fund balances, end of year
$673,585
Program services expenses (Part IX)
$358,402
Management and general expenses
$91,133
Fundraising expenses
$93,619
Program service expenses (Part III)
$358,402

Program services were 66.0% 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

    $1,027,313

  • 1g · Noncash contributions included above

    $4,900

  • 3 · Investment income

    total $3,306 · excluded $3,306

  • 7a · Gross sales of assets other than inventory

    securities $2,029

  • 7b · Less cost or other basis and sales expenses

    securities $1,958 · other assets $1,020

  • 7c · Gain or loss

    securities $71 · other assets -$1,020

  • 7d · Net gain or loss

    total -$949 · excluded -$949

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,475 · program services $210,475

  • 5 · Compensation of officers, directors and key employees

    total $131,280 · program services $78,768 · management and general $45,948 · fundraising $6,564

  • 10 · Payroll taxes

    total $9,270 · program services $5,562 · management and general $3,245 · fundraising $463

  • 11b · Fees: legal

    total $17,967 · program services $10,780 · management and general $6,288 · fundraising $899

  • 11c · Fees: accounting

    total $63,028 · program services $37,817 · management and general $22,060 · fundraising $3,151

  • 11e · Fees: professional fundraising services

    total $78,325 · fundraising $78,325

  • 11g · Fees: other

    total $6,080 · program services $335 · management and general $2,751 · fundraising $2,994

  • 13 · Office expenses

    total $11,110 · program services $6,666 · management and general $3,888 · fundraising $556

  • 16 · Occupancy

    total $10,391 · program services $6,235 · management and general $3,636 · fundraising $520

  • 17 · Travel

    total $2,939 · program services $1,764 · management and general $1,028 · fundraising $147

  • 23 · Insurance

    total $2,289 · management and general $2,289

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,928 · end of year $207,907

  • 2 · Savings and temporary cash investments

    end of year $205,284

  • 3 · Pledges and grants receivable

    end of year $282,251

  • 4 · Accounts receivable

    beginning of year $352

  • 9 · Prepaid expenses and deferred charges

    end of year $6,273

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,020

  • 15 · Other assets

    end of year $4,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,231 · end of year $33,030

  • 27 · Net assets without donor restrictions

    beginning of year $14,617 · end of year $60,651

  • 28 · Net assets with donor restrictions

    beginning of year $172,452 · end of year $612,934

Mission and programs · 2024

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.

  • IN 2024, THE ENDOWMENT PROJECT FOUNDATION RAISED FUNDS FOR OVER 100 PUBLIC HIGH SCHOOLS ACROSS VIRGINIA. THE FOUNDATION SECURES FUNDING FOR PUBLIC HIGH SCHOOL SUPPORT AND AWARDS THOSE FUNDS IN ACCORDANCE WITH DONOR INSTRUCTIONS AND DEMONSTRATED SCHOOL NEEDS. WORKING IN PARTNERSHIP WITH ALUMNI AND COMMUNITY SUPPORTERS, TEPF SECURED NEARLY $750K IN CONTRIBUTED INCOME, INCLUDING NEARLY $450K SPECIFICALLY DESIGNATED TO SUPPORT SCHOOL NEEDS. IN 2024, TEPF AWARDED OVER $200K DIRECTLY TO SUPPORT SCHOOL PROJECTS, INCLUDING THE RENOVATION OF A CONCESSIONS STAND, REVITALIZATION OF A THEATER PROGRAM, COLLEGE SCHOLARSHIPS FOR FIRST-GENERATION STUDENTS, TEACHER PROFESSIONAL DEVELOPMENT FUNDING, AND TEACHER AND STAFF APPRECIATION AWARDS. TEPF ALSO LAUNCHED THE FIRST-OF-ITS-KIND ALUMNI-FUNDED TITLE-1 UNRESTRICTED ENDOWMENT.

    Expenses $358,402 · Grants $210,475

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Danny Avula

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emily Weinstein

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • John Kechriotis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Allen Soong

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gerard Robinson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Pamela Kiecker Royall PhD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Kirksey

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Danny Sterling

    EXECUTIVE DIRECTOR

    Total calculated
    $2,540
    From this org
    $2,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Rachel Biundo

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $55,733
    From this org
    $48,803
    From related orgs
    $0
    Other
    $6,930
    Hours/week
    40

  • Leigh Ann Boland

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $72,483
    From this org
    $72,483
    From related orgs
    $0
    Other
    $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

  • DOUGLAS S FREEMAN HIGH SCHOOL

    $75,626

    TEACHER APPRECIATION ($5,598), WE THE PEOPLE STUDENT TRIP ($2,150), FLEX SPACE FURNITURE ($15,000), PICNIC TABLES ($2,190), ADMINSTRATIVE GIFTS ($500), ATHLETIC PROGRAM AND FC FREEMAN PROJECT ($12,000), STIPENDS FOR ASSISTANT COACHES ($5,000), PROFESSIONAL DEVELOPMENT PROGRAMING FOR TEACHERS AND STAFF ($5,000), FREEMAN CONCESSION STAND ($25,000), HUDL CAMERA INSTALLATION ($3,188).

  • ARMSTRONG HIGH SCHOOL

    $39,332

    RICHMOND PUBLIC SCHOOL FUND FOR TEACHER EXCELLANCE

  • FAIRFIELD COURT ELEMENTARY SCHOOL

    $26,981

    SMARTBOARDS AND INSTALLATION ($21,620), LAKESHORE LEARNING ($5,361)

  • FLUVANNA HIGH SCHOOL

    $12,500

    GRANT FOR SCORE BOARD

  • OPEN HIGH SCHOOL

    $10,420

    BIOPHILLIC PROJECT PLANTS AND INSTALLATION

  • RICHMOND HIGH SCHOOL FOR THE ARTS

    $10,000

    EDRISING-PDK INTERNATIONAL

  • JOHN MARSHALL HIGH SCHOOL

    $6,369

    STUDENT TRIPS ($5,369), BEAUTIFICATION GRANT ($1,000)

  • GLEN ALLEN HIUGH SCHOOL

    $5,159

    WE THE PEOPLE STUDENT TRIP ($3,589), GRANT FOR SCHOOL ($1,570)

Provenance

Return type
form_990
Tax year
2024
Filed
9 June 2025
IRS schema version
2024v5.1
Source object
202502119349301305

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