Hampton Educational Foundation EIN 54-2026410

Hampton Educational Foundation

EIN  54-2026410 Public charity (501(c)(3)) Hampton, VA Founded 2001
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Size
<$100K
What they do
Empowers educators and expands student opportunities for innovation and creativity in schools.
Leadership
Nancy Beach · Executive Director · $19K
Money in and out
$93K revenue, $104K expenses
Bottom line
72% program efficiency

Empowers educators and expands student opportunities for innovation and creativity in schools. For fiscal year 2024 it reported $93K in revenue, $104K in expenses, and $509K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$93K
Pt VIII · Ln 12
Total expenses
$104K
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.12 Fundraising $0.16
Program efficiency
72%
of spending reaches programs▲ +28% vs prior filing year
Operating runway
58.6mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▼ -117% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$93K
FY2024▼ -69%
Expenses
$104K
FY2024▲ +19%
Total assets
$509K
FY2024▼ -2%
Total liabilities
$0
FY2024
Total revenue
$93K
Pt VIII · Ln 12
Total expenses
$104K
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$509K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $62K of program spending, described in the organization's own filed words · FY2024.
01

46 teacher grants awarded: $39,114;

$39Kprogram expense
02

$15,000 provided to Hampton City Schools for Hampton Reads One Book

$15Kprogram expense
03

Provided 7 scholarships to student in the amount of $7,500

$8Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHampton Educational Foundation
EINHdr · item D54-2026410
Principal addressHdr · item CHampton, VA
Year of formationHdr · item L2001
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFApr 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$19,373Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Nancy Beach$19,373$19,470$11,275$4,193
Arial Jones$5,517

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$76K · 82%
Investment income$20K · 22%
Contributions & grants82%$76K
Investment income22%$20K
Total revenueLn 12$93K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.12 Fundraising $0.16
Program services72%$75K
Management & general12%$12K
Fundraising16%$16K
Total functional expensesLn 25$104K

Balance Sheet

Part X · end of year
CashLn 1$486K
Total assetsLn 16$509K
Total liabilitiesLn 26$0
Total net assetsLn 32$509K
Months of cash on handcomputed56.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $509K · Operating expenses/yr $104K
58.6 months
Where the money goes
Program services
Program services $75K · Total expenses $104K
72%
Management & General
Management & general $12K · Total expenses $104K
12%
Fundraising
Fundraising $16K · Total expenses $104K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $204K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $76K · Total revenue $93K
82%
Government reliance
Government grants $0 · Total revenue $93K
0%
Earned-income share
Program service revenue $0 · Total revenue $93K
0%
Investment reliance
Investment income $20K · Total revenue $93K
+22%
Program self-sufficiency
Program service revenue $0 · Total expenses $104K
0%
Growth & trend
Revenue growth (YoY)
This year $93K · Prior year $301K
-69%
Net-asset trend (YoY)
End of year $509K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $93K · Expenses $104K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $509K
Net-asset ratio
Net assets $509K · Total assets $509K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $22K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $509K
4%
People & payroll
Highest Reported Total Compensation
Individual Nancy Beach · Reported title Executive Director · Highest reported compensation $19K · Total expenses $104K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $21K · Total expenses $104K
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 12%
Fundraising cost ratio 22%
Revenue growth -69%

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 · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 111 grants · $135K · 2022–2024
Hampton City SchoolsFY2024$15,000
Unitemized GrantFY2024$2,500
Unitemized GrantFY2024$2,500
Unitemized GrantFY2024$2,500
Unitemized GrantFY2024$2,400
Unitemized GrantFY2024$2,300
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$1,939
Unitemized GrantFY2024$1,500
Unitemized GrantFY2024$1,165
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
See all 111 grants →

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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$301K revenue · ⤓ 990 PDF
FY2023$259K revenue · ⤓ 990 PDF
FY2022$28K 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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