FREDERICK COUNTY EDUCATIONAL FOUNDATION

EIN: 521396772 501(c)(3)

WINCHESTER, VA

Total Revenue
$322,662
Total Expenses
$233,670
Total Assets
$2,217,656
Net Assets
$2,216,785
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
VA
Phone
5406623889
Tax Period
2024-01-01 to 2024-12-31

FREDERICK COUNTY EDUCATIONAL FOUNDATION, founded in 1984, is a micro nonprofit that reported $32K in total revenue in fiscal year 2018. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $137K exceeded revenue, resulting in a 328% operating deficit.

Mission

STRENGTHEN SECONDARY EDUCATION OPPORTUNITIES THROUGH SCHOLARSHIPS AND GRANTS

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $98,495
Program Service Revenue $0
Investment Income $83,493
Other Revenue $140,674
TOTAL REVENUE $322,662

Expense Breakdown

Grants Paid $172,307
Salaries & Benefits $41,446
Fundraising Expenses $20,723
Program Expenses $208,475
Other Expenses $19,917
TOTAL EXPENSES $233,670

Year-over-Year Comparison

2024 2023 Change
Revenue $322,662 $247,203 +0.3%
Expenses $233,670 $183,020 +0.3%
Net Income $88,992 $64,183 +0.4%
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
14
Independent Members
14
Employees
N/A
Volunteers
N/A

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
14
$38,500
Key Employees
1
$38,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY P NORDHAM EXECUTIVE DIRECTOR 040.00
Director Key Emp Highest
$38,500 $0 $38,500
LORRI IDEN PRESIDENT 003.00
Officer Director
$0 $0 $0
KATE MULLEN TREASURER/SECRETARY 003.00
Officer Director
$0 $0 $0
CAROLYN WILLIAMS VICE PRESIDENT 002.00
Officer Director
$0 $0 $0
GEORGE HUMMER DIRECTOR 001.00
Director
$0 $0 $0
KRISTEN ANDERSON DIRECTOR 001.00
Director
$0 $0 $0
SARAH MURPHY DIRECTOR 001.00
Director
$0 $0 $0
KATE CHAPPELL VICE PRESIDENT 002.00
Officer Director
$0 $0 $0
MARK STIVERS DIRECTOR 001.00
Director
$0 $0 $0
JOHN LAMANNA DIRECTOR 001.00
Director
$0 $0 $0
MELISSA YOUNGBLOOD DIRECTOR 001.00
Director
$0 $0 $0
DANIEL SNAPP DIRECTOR 001.00
Director
$0 $0 $0
LASHANTE KNIGHT DIRECTOR 001.00
Director
$0 $0 $0
JUDI GREATHOUSE DIRECTOR 001.00
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 $322,662 $233,670 $2,217,656 $88,992
2023 $247,203 $183,020 $2,128,664 $64,183
2022 $169,113 $150,718 $2,097,646 $18,395
2021 $150,331 $150,860 $2,157,684 $-529
2020 $267,449 $128,920 $2,036,675 $138,529
2019 $368,086 $139,088 $1,898,146 $228,998
2018 $31,948 $136,689 $1,669,148 $-104,741
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