HARFORD COUNTY EDUCATION FOUNDATION INC

EIN: 202060496 501(c)(3) Education

BEL AIR, MD

Total Revenue
$218,436
Total Expenses
$244,054
Total Assets
$147,265
Net Assets
$134,304
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MD
Principal Officer
DEBORA MERLOCK
Phone
4103227743
Tax Period
2023-07-01 to 2024-06-30

HARFORD COUNTY EDUCATION FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $218K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $244K exceeded revenue, resulting in a 12% operating deficit.

Mission

HARFORD COUNTY EDUCATION FOUNDATION INVESTS IN THE SUCCESS OF STUDENTS BY PROVIDING EDUCATIONAL RESOURCES TO PROVIDE EVERY CHILD, REGARDLESS OF BACKGROUND, FAMILY STRUCTURE OR ECONOMIC STATUS, THE OPPORTUNITY TO ACHIEVE PERSONAL SUCCESS.HARFORD COUNTY EDUCATION FOUNDATION INVESTS IN THE EDUCATION OF TENS OF THOUSANDS OF YOUTHS IN HARFORD COUNTY PUBLIC SCHOOLS BY PROVIDING EDUCATIONAL RESOURCES TO COMPLIMENT THE LEARNING AND GROWTH OF EACH STUDENT REGARDLESS OF THEIR ECONOMIC CIRCUMSTANCES. WE BELIEVE EVERY CHILD SHOULD HAVE THE OPTIMAL FRAMEWORK TO ACHIEVE PERSONAL SUCCESS.THE EDUCATION FOUNDATION WORKS IN PARTNERSHIP WITH THE COMMUNITY TO BRING CRITICAL RESOURCES TO HELP STUDENTS SUCCEED IN THEIR ACADEMIC AND PERSONAL GOALS THROUGH MIDDLE AND HIGH SCHOOL LEADERSHIP PROGRAMS, COLLEGE AND CAREER MENTORING, SCHOLARSHIPS, FREE SCHOOL SUPPLIES FOR LOW INCOME STUDENTS, GRANTS TO SUPPORT INNOVATIVE CLASSROOM INSTRUCTION, AND CELEBRATING THE EDUCATION PROFESSION WITH THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $241,427
Program Service Revenue $3,430
Investment Income $463
Other Revenue $-26,884
TOTAL REVENUE $218,436

Expense Breakdown

Grants Paid $138,180
Salaries & Benefits $74,709
Fundraising Expenses $2,422
Program Expenses $185,889
Other Expenses $31,165
TOTAL EXPENSES $244,054

Year-over-Year Comparison

2023 2022 Change
Revenue $218,436 $239,573 -0.1%
Expenses $244,054 $208,739 +0.2%
Net Income $-25,618 $30,834 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
16
Employees
2
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$62,500
Total Directors
17
$62,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORA GAVIN MERLOCK PRESIDENT 40.00
Officer Director
$62,500 $0 $62,500
CLAUDINE ADAMS IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
SEAN BULSON DIRECTOR/EX-OFFICIO 1.00
Director
$0 $0 $0
MELISSA WILLIAMS DIRECTOR/EX-OFFICIO 1.00
Director
$0 $0 $0
DAWN HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
AMANDA JANASKIE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
WARREN L HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
TERRY TROY DIRECTOR EMERITUS 1.00
Director
$0 $0 $0
TERRI BURTON VICE CHAIR MARKETING 1.00
Officer Director
$0 $0 $0
CAROL ATTIA DIRECTOR 1.00
Director
$0 $0 $0
IVORI LIPSCOMB-WARREN DIRECTOR 1.00
Director
$0 $0 $0
WADE SEWELL DIRECTOR 1.00
Director
$0 $0 $0
TYLER SMITH DIRECTOR 1.00
Director
$0 $0 $0
BRAD STINAR DIRECTOR/EX-OFFICIO 1.00
Director
$0 $0 $0
TONY WOHLERS VICE CHAIR BOARD DEVELOPME 1.00
Officer Director
$0 $0 $0
MARY HASTLER DIRECTOR 1.00
Director
$0 $0 $0
GARY STAPLETON DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $218,436 $244,054 $147,265 $-25,618
2023 $239,573 $208,739 $163,249 $30,834
2022 $208,522 $200,425 $136,663 $8,097
2021 $233,415 $185,117 $141,324 $48,298
2020 $182,421 $184,053 $119,475 $-1,632
2019 $169,099 $159,587 $99,172 $9,512
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