Powhatan Education Foundation

Tax-deductible

Powhatan, VA501(c)(3)EducationEIN 45-2997389Revenue $452K in FY2024

On file with the IRSpowhataneducation.orgPo Box 552, 23139-0552 · Powhatan, VATax-exempt since Feb 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To provide a means for contributions and application for grants to help supplement funds for instructional materials, equipment, and all types of resources to enhance education for all levels of the Powhatan County Public Schools.

501(c)(3) charity; gifts are tax-deductible.
99¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $13K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $448K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$452K
-15% vs prior year
Spent
$483K
To programs
99%
Net assets
$136K
By yearFY2019–FY2024
Revenue
$452K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2019$20K
FY2020$390K
FY2021$638K
FY2022$569K
FY2023$530K
FY2024$452K
Expenses
$483K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020$416K
FY2021$627K
FY2022$519K
FY2023$466K
FY2024$483K
Net assets
$136K
FY2024▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2019$67K
FY2020$42K
FY2021$53K
FY2022$102K
FY2023$167K
FY2024$136K

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2012.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $480K Management & general 1% · $4K

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

12 people listed on the 990.

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

Funds educational resources and materials for Powhatan County Public Schools.

Questions for Powhatan Education Foundation

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Provided by the organization

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3 programs · $478K · in their own filed words · FY2023
01

Curtis Foundation grants are made to provide $1,000 to each Powhatan County Schoolteacher, librarian and counselor, to spend on their classroom or students in thecoming year. Recipients must turn in receipts to their school as they utilize thegrant money.

$341Kprogram expense
02

The Foundation issued $ 120,890 in scholarships to Powhatan High School students andrecent Powhatan High School graduates, based on application criteria determined bythe Powhatan High School Scholarship Committee.

$121Kprogram expense
03

The Foundation issued $16,146 in Classroom Innovation Grants. The purpose of theClassroom Innovation Grants is to promote innovative education opportunities byfunding individual or groups of Powhatan School teachers, librarians, and counselorswho submit a proposal for projects that use innovation and collaboration to achievethe County's…

$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 · FY2024
Total grants receivedfrom 2 funders$448K
Grants paid · 24 grants · $2.5M · 2019–2023
Powhatan County Public SchoolFY2023$357,646
Unitemized GrantFY2023$120,890
Unitemized GrantFY2023$1,300
Powhatan County Public SchoolFY2022$348,000
Unitemized GrantFY2022$94,850
Unitemized GrantFY2022$18,560
Unitemized GrantFY2022$1,500
Powhatan County Public SchoolFY2021$367,000
Unitemized GrantFY2021$131,023
Unitemized GrantFY2021$13,690
Unitemized GrantFY2021$1,400
Powhatan County Public SchoolFY2020$338,000
Powhatan County Public SchoolFY2020$161,674
Powhatan High SchoolFY2020$110,000
Powhatan High SchoolFY2020$10,000
Unitemized GrantFY2020$3,300
Unitemized GrantFY2020$1,810
Powhatan High SchoolFY2019$102,300
See all 24 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$452K
Ln 12
Gifts and grantsLn 1h$448K
Other incomeLn 4–11$4K
Investment incomeLn 3$459
Money outPt IX
$483K
Ln 25
Programscol B$480K
Managementcol C$4K
Owns and owesPt X
$136K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$136K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$448K
Fundraising eventsLn 1c$10K
Investment incomeLn 3$459
Other incomeLn 4–11$4K
Gains on assetsLn 7$0
Total revenueLn 12$452K
Assets in detailPt X, end of year
CashLn 1$136K
SavingsLn 2$0
Cash and savings togetherLn 1–2$136K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$136K
LiabilitiesLn 26$0
Net assetsLn 32$136K
OperationsPt I, VI
EmployeesI 50
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$167K$136K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$167K$136K
LiabilitiesLn 26$0$0
Net assetsLn 32$167K$136K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$358K$358K
Grants to domestic individualsLn 2$122K$122K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$521$521
All other expensesLn 24e$0
Total functional expensesLn 25$483K$480K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $452K$483K−$32K$136K 990 PDF
FY2023 $530K$466K$64K$167K 990 PDF
FY2022 $569K$519K$50K$102K 990 PDF
FY2021 $638K$627K$11K$53K 990 PDF
FY2020 $390K$416K−$26K$42K 990 PDF
FY2019 $20K$67K 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 $451,618 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $524,251$447,509
I-9 Program service revenue$0
I-10 Investment incomePrior year $516$459
I-11 Other revenuePrior year $5,127$3,650
I-12 Total revenuePrior year $529,894$451,618
I-13 Grants and similar amounts paidPrior year $462,910$479,836
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,944$3,639
I-18 Total expensesPrior year $465,854$483,475
I-19 Revenue less expensesPrior year $64,040−$31,857
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $451,618 across 9 lines filed
VIII-1c Fundraising events$10,060
VIII-1f All other contributions, gifts and grants$437,449
VIII-1h Total contributions, gifts and grants$447,509
VIII-3 Investment incomeExcluded from tax $459$459
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $3,650$3,650
VIII-12 Total revenueExcluded from tax $4,109$451,618
Part IX · Statement of functional expenses $483,475 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $357,646$357,646
IX-2 Grants to domestic individualsPrograms $122,190$122,190
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,000$1,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $2,118$2,118
IX-24 Other expenses (24a–d)Management $521$521
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $479,836 · Management $3,639 · Fundraising $0$483,475
Part X · Balance sheet $135,675 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $166,533$135,675
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $166,533$135,675
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $166,533$135,675
X-33 Total liabilities and net assetsStart of year $166,533$135,675
Part XI · Reconciliation of net assets $135,675 net assets at year end
XI-1 Total revenue$451,618
XI-2 Total expenses$483,475
XI-3 Revenue less expenses−$31,857
XI-4 Net assets at start of year$166,533
XI-9 Other changes in net assets$999
XI-10 Net assets at end of year$135,675

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

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