Glouster County Public Schools Educational Foundation INC EIN 54-1925305

Glouster County Public Schools Educational Foundation INC

EIN  54-1925305 Public charity (501(c)(3)) Gloucester, VA
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Size
<$100K
What they do
Improves public schools through board-approved projects via public-private partnerships.
Leadership
Leonne Arsenovic · Member
Money in and out
$87K revenue, $78K expenses
Bottom line
87% program efficiency

Improves public schools through board-approved projects via public-private partnerships. For fiscal year 2024 it reported $87K in revenue, $78K in expenses, and $1.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$87K
Pt VIII · Ln 12
Total expenses
$78K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
159.1mo
months of highly liquid reserves at operating expense rate▲ +15% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ +158% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$87K
FY2024▲ +23%
Expenses
$78K
FY2024▼ -7%
Total assets
$1.0M
FY2024▲ +7%
Total liabilities
$0
FY2024
Total revenue
$87K
Pt VIII · Ln 12
Total expenses
$78K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

3 program services account for $68K of program spending, described in the organization's own filed words · FY2024.
01

Mini grants and counselor grants and student scholarships-serve approximitely 20 classrooms annualy

$52Kprogram expense
02

Teacher of the year awards recognition ceremony-honors 10 teachers at dinner ceremony with approximatley 100 people in attendance. These funds are monitary gifts to the honorees and also provides scholarships for college students going into the educational field

$9Kprogram expense
03

3K/8K race - top finisher awards

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlouster County Public Schools Educational Foundation INC
EINHdr · item D54-1925305
Principal addressHdr · item CGloucester, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFAug 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aNo
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Glouster County Public Schools Educational Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income$37K · 43%
Program service revenue$35K · 40%
Contributions & grants$15K · 17%
Investment income43%$37K
Program service revenue40%$35K
Contributions & grants17%$15K
— government grantsLn 1e$13K
Total revenueLn 12$87K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$68K
Management & general13%$10K
Total functional expensesLn 25$78K

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$1.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.0M
Months of cash on handcomputed159.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $78K
159.1 months
Where the money goes
Program services
Program services $68K · Total expenses $78K
87%
Management & General
Management & general $10K · Total expenses $78K
13%
Fundraising
Fundraising $0 · Total expenses $78K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $87K
17%
Government reliance
Government grants $13K · Total revenue $87K
15%
Earned-income share
Program service revenue $35K · Total revenue $87K
40%
Investment reliance
Investment income $37K · Total revenue $87K
+43%
Program self-sufficiency
Program service revenue $35K · Total expenses $78K
45%
Growth & trend
Revenue growth (YoY)
This year $87K · Prior year $71K
+23%
Revenue CAGR
FY2020 $370K · FY2024 $87K
-30%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $87K · Expenses $78K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leonne Arsenovic · Reported title MEMBER · Highest reported compensation $0 · Total expenses $78K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $78K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth 23%
Investment management fee ratio 1%
Accounting fee ratio 1%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$13K

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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
FY2024 (Latest)$87K revenue · viewing · ⤓ 990 PDF
FY2023$71K revenue · ⤓ 990 PDF
FY2022$121K revenue · ⤓ 990 PDF
FY2021$100K revenue · ⤓ 990 PDF
FY2020$370K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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