Hatboro Horsham Educational Foundation EIN 23-2387721 Form 990 (PDF) Claim this org

Hatboro Horsham Educational Foundation

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Enhances and enriches educational opportunities for Hatboro-Horsham School District students. For fiscal year 2025 it reported $199K in revenue, $241K in expenses, and $507K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Horsham, PA
Website
www.hhef.org
Filings
5 on file (2021–2025)
Revenue
$199KFY2025
Expenses
$241K
Net assets
$507K
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2387721 Public charity (501(c)(3)) Horsham, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Enhances and enriches educational opportunities for Hatboro-Horsham School District students.
Leadership
Taralee Kepner · Board Member · $0K
Money in and out
$199K revenue, $241K expenses
Bottom line
46% program efficiency
Where the money goes · FY2025
Total revenue
$199K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$42K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.43 Fundraising $0.11
Program efficiency
46%
of spending reaches programs▼ -19% vs prior filing year
Operating runway
26.1mo
months of highly liquid reserves at operating expense rate▲ +16% vs prior filing year
Surplus margin
-21%
revenue over expenses, this year▲ +20% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$199K
FY2025▼ -16%
Expenses
$241K
FY2025▼ -20%
Total assets
$508K
FY2025▼ -10%
Total liabilities
$1K
FY2025▼ -93%
Total revenue
$199K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$42K
Total assetsPt X · Ln 16$508K
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 423

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHatboro Horsham Educational Foundation
EINHdr · item D23-2387721
Principal addressHdr · item CHorsham, PA
WebsiteHdr · item Jwww.hhef.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B00J)
Ruling yearIRS BMFDec 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b23
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$1Pt VII · Sec A
Secretary
$1Pt VII · Sec A
Treasurer
$1Pt VII · Sec A
Board Member
$1Pt VII · Sec A
Financial Secretary
$1Pt VII · Sec A
Board Member
$1Pt VII · Sec A
President
$1Pt VII · Sec A
Board Member
$1Pt VII · Sec A

Taralee Kepner’s $1 as Board Member is at the 0th percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

3 program services account for $103K of program spending, described in the organization's own filed words · FY2024.
01

Innovative Learning Grants

The hhef provides grant funds to educators of the hatboro-horsham school district through our innovative learning grants (ilg) program. Every year teachers and principals submit applications that are reviewed by a committee comprised of hhef board members, community members and school district administrators.

$63Kprogram expense
02

Guest Professionals

By bringing eye-opening and mind-expanding guest presenters into direct contact with our students, we make inspiration, awe and discovery a valuable component of our children's education. Our students will have the opportunity to meet these guest presenters and interact with these individuals during standard school hours and within their…

$31Kprogram expense
03

Hhef support helps provide the latest technology and equipment for HHSD robotics programs from chassis-drive systems to lego mindstorm EV3 robots. Hhef funds also support competition fees for students at keith valley middle school and hatboro-horsham high school.

$10Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$120K · 60%
Program service revenue$59K · 30%
Investment income$20K · 10%
Contributions & grants60%$120K
Program service revenue30%$59K
Investment income10%$20K
— government grantsLn 1e$93K
Total revenueLn 12$199K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.43 Fundraising $0.11
Program services46%$112K
Management & general43%$103K
Fundraising11%$26K
Total functional expensesLn 25$241K

Balance Sheet

Part X · end of year
CashLn 1$508K
Total assetsLn 16$508K
Total liabilitiesLn 26$1K
Total net assetsLn 32$507K
Months of cash on handcomputed25.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $508K · Operating expenses (Pt IX) $241K · Less non-cash grants $8K · Cash operating expenses/yr $234K
26.1 months
Where the money goes
Program services
Program services $112K · Total expenses $241K
46%
Management & General
Management & general $103K · Total expenses $241K
43%
Fundraising
Fundraising $26K · Total expenses $241K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $25K · Solicited contributions (3-yr avg) $121K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $120K · Total revenue $199K
60%
Government reliance
Government grants $93K · Total revenue $199K
47%
Earned-income share
Program service revenue $59K · Total revenue $199K
30%
Investment reliance
Investment income $20K · Total revenue $199K
+10%
Program self-sufficiency
Program service revenue $59K · Total expenses $241K
24%
Growth & trend
Revenue growth (YoY)
This year $199K · Prior year $238K
-16%
Revenue CAGR
FY2020 $206K · FY2024 $199K
-0.9%
Net-asset trend (YoY)
End of year $507K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $199K · Expenses $241K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $508K
Net-asset ratio
Net assets $507K · Total assets $508K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $508K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Taralee Kepner · Reported title BOARD MEMBER · Highest reported compensation $1 · Total expenses $241K
<0.01%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74K · Total expenses $241K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 43%
Fundraising cost ratio 22%
Revenue growth -16%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$178
Grants paid · 6 grants · $416K · 2020–2024
Hatboro-Horsham School DistrictFY2024$102,937
Friends of Briar BushPA · FY2024$8,500
Hatboro-Horsham School DistrictFY2023$109,953
Hatboro-Horsham School DistrictFY2022$49,155
Hatboro-Horsham School DistrictFY2021$80,033
Hatboro-Horsham School DistrictFY2020$65,134

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$199K revenue · viewing · ⤓ 990 PDF
FY2024$238K revenue · ⤓ 990 PDF
FY2023$229K revenue · ⤓ 990 PDF
FY2022$228K revenue · ⤓ 990 PDF
FY2021$206K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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