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Nonprofiteer
← HILLIARD EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by HILLIARD EDUCATION FOUNDATION INC.

Totals

Total revenue
$134,362
Total expenses
$81,737
Contributions and grants received
$75,049
Grants paid
$61,311
Program service revenue
$0
Investment income
$59,313
Other revenue
$0
Total assets, end of year
$744,930
Total liabilities, end of year
$97
Net assets or fund balances, end of year
$744,833
Program services expenses (Part IX)
$65,106
Management and general expenses
$15,122
Fundraising expenses
$1,509
Program service expenses (Part III)
$65,106

Program services were 79.7% 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

    $49,896

  • 1f · All other contributions, gifts and grants

    $25,153

  • 3 · Investment income

    total $59,313 · related or exempt $59,313

  • 8a · Fundraising events: contributions included on line 1c

    $49,896

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $61,311 · program services $61,311

  • 11c · Fees: accounting

    total $6,660 · management and general $6,660

  • 11f · Fees: investment management

    total $5,957 · management and general $5,957

  • 11g · Fees: other

    total $125 · fundraising $125

  • 12 · Advertising and promotion

    total $499 · program services $499

  • 13 · Office expenses

    total $1,267 · program services $1,072 · management and general $195

  • 14 · Information technology

    total $1,845 · management and general $461 · fundraising $1,384

  • 23 · Insurance

    total $80 · management and general $80

  • 24a · Other expenses: Board Dinner

    total $725 · program services $725

  • 24b · Other expenses: Bank Charges

    total $1,399 · program services $1,399

  • 24c · Other expenses: Management fee expense

    total $1,669 · management and general $1,669

  • 24d · Other expenses: Ohio AG registration

    total $200 · program services $100 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,805 · end of year $15,602

  • 2 · Savings and temporary cash investments

    beginning of year $223,607 · end of year $243,386

  • 11 · Investments: publicly traded securities

    beginning of year $453,243 · end of year $485,942

  • 17 · Accounts payable and accrued expenses

    beginning of year $447 · end of year $97

  • 27 · Net assets without donor restrictions

    beginning of year $692,208 · end of year $744,833

Mission and programs · 2023

Mission

To support innovative programs for Hilliard City Schools.

  • HEF pays for programs that support staff in the development of innovative programs that are not available through traditional sources.

    Expenses $34,811

  • Provide scholarships to graduates of Hilliard City Schools to assist with college tuition.

    Expenses $26,500

  • Allocated expenditures for technology and board expenses.

    Expenses $3,795

As filed on the 2023 return.

Listed in Part VII

  • Stasi Trout

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Jessica Lee

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Hampton

    President

    Total calculated
    $0
    Hours/week
    2

  • Jeff Schumaker

    Vice President

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
14 May 2024
IRS schema version
2023v5.1
Source object
202433209349323533

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