GOOCHLAND EDUCATIONAL FOUNDATION INCORPORATED

EIN: 264409476 501(c)(3) Education

Goochland, VA

Total Revenue
$175,696
Total Expenses
$137,983
Total Assets
$175,696
Net Assets
$175,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
VA
Principal Officer
Cynthia Brown
Phone
8045565627
Tax Period
2021-07-01 to 2022-06-30

GOOCHLAND EDUCATIONAL FOUNDATION INCORPORATED, founded in 2008, is a small nonprofit in the Education sector that reported $176K in total revenue in fiscal year 2021. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $38K, a strong 21% operating margin.

Mission

The Goochland Education Foundation mission is to provide funding for innovative learning opportunities for Goochland County Public School students.

Program Service Accomplishments

Program 1
Expenses: $17,250 Revenue: $0

Strategic Innovation Grants is a competitive grant that allows the GEF to implement programming that enriches the curriculum and create opportunities that are outside of a traditional academic day

Program 2
Expenses: $1,500 Revenue: $0

Essay contest for Goochland County Public School students in 4th and 5th grades to develop/strengthen children's 21st century skills while engaging them on a deeper level of community engagement -...

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Essay contest for Goochland County Public School students in 4th and 5th grades to develop/strengthen children's 21st century skills while engaging them on a deeper level of community engagement - develop strong sense of citizenship in Goochland County

Program 3
Expenses: $3,500 Revenue: $0

Preschool Preparedness Program Each child takes home a backpack of books and math manipulatives, such as age-appropriate books, counting link cubes, writing pads, markers, paints, Play-Doh, and...

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Preschool Preparedness Program Each child takes home a backpack of books and math manipulatives, such as age-appropriate books, counting link cubes, writing pads, markers, paints, Play-Doh, and counting beads. Included is an Activity Guide for parents to ensure that they can use those materials to help children with their understanding of print and concept of word (beginning reading components), vocabulary development, problem-solving, and early math skills. These materials are theirs for keeping. These books/materials were chosen because they not only develop the literacy and numeracy skills necessary, but they can be used for months/years and passed down to younger siblings. It is a library for the home - one they would otherwise not have because of limited family resources. Recognizing the extraordinary value of pride in having a grasp of understanding of reading and math skills, this in turn provides a sense of ownership in their education. It gives them the self-confidence to be successful in the classroom.

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Trantor Score

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $141,037
Program Service Revenue $0
Investment Income $0
Other Revenue $34,659
TOTAL REVENUE $175,696

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,600
Fundraising Expenses $27,448
Program Expenses $86,152
Other Expenses $84,383
TOTAL EXPENSES $137,983

Year-over-Year Comparison

2021 2020 Change
Revenue $175,696 $200,289 -0.1%
Expenses $137,983 $179,067 -0.2%
Net Income $37,713 $21,222 +0.8%
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
9
Independent Members
9
Employees
1
Volunteers
40

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
4
$0
Total Directors
9
$0
Key Employees
1
$50,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cynthia Brown Executive Director 35
Key Emp Highest
$50,000 $0 $50,000
Betsy Woolf Director 1
Director
$0 $0 $0
Adeeb Hamzey Treasurer 3
Officer Director
$0 $0 $0
Kavis Winston Secretary 2
Officer Director
$0 $0 $0
Jay Shively Director 1
Director
$0 $0 $0
Christina Griffith President 3
Officer Director
$0 $0 $0
Wray Mills Director 1
Director
$0 $0 $0
Mark Barth Vice President 2
Officer Director
$0 $0 $0
Joseph Street Director 1
Director
$0 $0 $0
Ann Kelly Director 1
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
2024 No data No data No data No data
2022 $175,696 $137,983 $175,696 $37,713
2021 $200,289 $179,067 $173,810 $21,222
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