Hatboro Horsham Educational Foundation FY2024 filing

Tax-deductible

Horsham, PA501(c)(3)EducationEIN 23-2387721Revenue $238K in FY2024

On file with the IRShhef.org227 Meetinghouse Rd, 19044-2158 · Horsham, PATax-exempt since Dec 1987Publicly supported charity — 170(b)(1)(A)(vi)

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The Hatboro-Horsham Educational Foundation was created to encourage excellence and to enhance and enrich Educational opportunities offered to the students of the Hatboro-Horsham school district.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $20K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $178
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
+4% vs prior year
Spent
$300K
To programs
57%
Net assets
$549K
By yearFY2021–FY2025
Revenue
$238K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$206K
FY2022$228K
FY2023$229K
FY2024$238K
FY2025$199K
Expenses
$300K
FY2024▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2021$202K
FY2022$234K
FY2023$222K
FY2024$300K
FY2025$241K
Net assets
$549K
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2021$612K
FY2022$606K
FY2023$612K
FY2024$549K
FY2025$507K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $171K Management & general 35% · $106K Fundraising 8% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Taralee Kepner’s $1 as Board Member is at the 0th percentile of top reported officer pay among 1612 $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.

See Hatboro Horsham Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhances and enriches educational opportunities for Hatboro-Horsham School District students.

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Provided by the organization

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3 programs · $159K · in their own filed words · FY2023
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.

$118Kprogram 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…

$25Kprogram 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.

$16Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$165K
Fees for servicesLn 2g$52K
Investment incomeLn 3$20K
Money outPt IX
$300K
Ln 25
Programscol B$171K
Managementcol C$106K
Fundraisingcol D$24K
Owns and owesPt X
$549K
net assets · Ln 32
Cash and savingsLn 1–2$563K
Total assetsLn 16$563K
LiabilitiesLn 26$14K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$165K
Fees for servicesLn 2g$52K
Investment incomeLn 3$20K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$185K
SavingsLn 2$378K
Cash and savings togetherLn 1–2$563K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$563K
LiabilitiesLn 26$14K
Net assetsLn 32$549K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$612K$563K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$612K$563K
LiabilitiesLn 26$0$14K
Net assetsLn 32$612K$549K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$171K$171K
Other salaries and wagesLn 7$71K$71K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$780$780
Information technologyLn 14$2K$2K
InsuranceLn 23$456$456
Other expenses (24a–d)Ln 24$30K$7K$24K
Total functional expensesLn 25$300K$171K$106K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $199K$241K−$42K$507K 990 PDF
FY2024 Viewing $238K$300K−$63K$549K 990 PDF
FY2023 $229K$222K$7K$612K 990 PDF
FY2022 $228K$234K−$6K$606K 990 PDF
FY2021 $206K$202K$4K$612K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $237,501 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $171,293$164,801
I-9 Program service revenuePrior year $49,511$52,308
I-10 Investment incomePrior year $7,974$20,392
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $228,778$237,501
I-13 Grants and similar amounts paidPrior year $71,736$170,565
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $79,138$77,433
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $71,117$52,430
I-18 Total expensesPrior year $221,991$300,428
I-19 Revenue less expensesPrior year $6,787−$62,927
Part VI · Governance 23 of 23 board members independent, 3 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $237,501 across 5 lines filed
VIII-1f All other contributions, gifts and grants$164,801
VIII-1h Total contributions, gifts and grants$164,801
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,308$52,308
VIII-3 Investment incomeExcluded from tax $20,392$20,392
VIII-12 Total revenueRelated to mission $52,308 · Unrelated business $0 · Excluded from tax $20,392$237,501
Part IX · Statement of functional expenses $300,428 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $170,565$170,565
IX-7 Other salaries and wagesManagement $71,181$71,181
IX-10 Payroll taxesManagement $6,252$6,252
IX-11c Accounting feesManagement $8,832$8,832
IX-12 Advertising and promotionManagement $10,138$10,138
IX-13 Office expensesManagement $780$780
IX-14 Information technologyManagement $1,812$1,812
IX-23 InsuranceManagement $456$456
IX-24 Other expenses (24a–d)Management $6,615 · Fundraising $23,797$30,412
IX-25 Total functional expensesPrograms $170,565 · Management $106,066 · Fundraising $23,797$300,428
Part X · Balance sheet $563,208 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $611,938$185,325
X-2 Savings and temporary cash investments$377,883
X-4 Accounts receivableStart of year $368$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $612,306$563,208
X-17 Accounts payable and accrued expensesStart of year $0$13,829
X-26 Total liabilitiesStart of year $0$13,829
X-27 Net assets without donor restrictionsStart of year $612,306$549,379
X-32 Total net assets or fund balancesStart of year $612,306$549,379
X-33 Total liabilities and net assetsStart of year $612,306$563,208
Part XI · Reconciliation of net assets $549,379 net assets at year end
XI-1 Total revenue$237,501
XI-2 Total expenses$300,428
XI-3 Revenue less expenses−$62,927
XI-4 Net assets at start of year$612,306
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$549,379

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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