Foundation For Rural Service

EIN: 521889647 501(c)(3) Education

Arlington, VA

Total Revenue
$909,624
Total Expenses
$1,113,969
Total Assets
$5,001,518
Net Assets
$4,353,990
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
VA
Phone
7033512000
Tax Period
2023-01-01 to 2023-12-31

Foundation For Rural Service, founded in 1994, is a small nonprofit in the Education sector that reported $910K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

The foundation for rural services (FRS), in cooperation with NTCA - The Rural Broadband Association, seeks to sustain and enhance the quality of life in America by advancing an understanding of rural issues. Our vision is to harness the power of the rural communications industry to enrich lives in America.

Program Service Accomplishments

Program 1
Expenses: $190,743

Youth Tour: The foundation sponsors an annual tour of Washington, D.C. Approximately one hundred high school students from rural America visit the nation's capital to learn about the...

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Youth Tour: The foundation sponsors an annual tour of Washington, D.C. Approximately one hundred high school students from rural America visit the nation's capital to learn about the telecommunications industry and the legislative process.

Program 2
Expenses: $164,311

Scholarship Program: The foundation annually awards scholarships to an exceptional group of rural students for their first year of college or vocational school. All applicants require sponsorship by...

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Scholarship Program: The foundation annually awards scholarships to an exceptional group of rural students for their first year of college or vocational school. All applicants require sponsorship by an NTCA The Rural Broadband Association member company to be eligible. FRS awarded over $1 million in scholarships since its inception; empowering rural students throughout the country to advance their communities with invaluable skill sets and experiences.

Program 3
Expenses: $66,537 Revenue: $3,094

Awareness Campaign: The foundation sponsors an ongoing awareness campaign to promote the contribution that small independent broadband companies make to rural communities. The program includes the...

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Awareness Campaign: The foundation sponsors an ongoing awareness campaign to promote the contribution that small independent broadband companies make to rural communities. The program includes the production of informational mailers geared toward education rural telecommunications customers, an image and awareness campaign that aims to educate state and local decision makers on the value that community based telecom providers bring to the telecom and economic futures of their communities and a series of educational papers aimed at educating decision makers.

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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 $683,368
Program Service Revenue $3,094
Investment Income $98,008
Other Revenue $125,154
TOTAL REVENUE $909,624

Expense Breakdown

Grants Paid $260,911
Salaries & Benefits $397,334
Fundraising Expenses $94,832
Program Expenses $684,236
Other Expenses $455,724
TOTAL EXPENSES $1,113,969

Year-over-Year Comparison

2023 2022 Change
Revenue $909,624 $1,001,460 -0.1%
Expenses $1,113,969 $1,007,282 +0.1%
Net Income $-204,345 $-5,822 +34.1%
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
19
Independent Members
19
Employees
4
Volunteers
21

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
6
$1,912,446
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE-CHAIR 1.0
Officer Director
$0 $0 $0
N/A CHAIR 1.0
Officer Director
$0 $0 $0
N/A SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A ASSOCIATE DIRECTOR 1.0
Director
$0 $0 $0
N/A Associate DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Legal Counsel 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Associate DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Associate DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A NTCA Board Liaison 1.0
Director
$0 $0 $0
N/A Associate DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Associate DIRECTOR 1.0
Director
$0 $0 $0
N/A NTCA CHIEF FINANCIAL OFFICER 2.0
Officer
$0 $109,798 $371,694
N/A EXECUTIVE DIRECTOR 37.5
Officer
$168,900 $48,644 $217,544
N/A NTCA CHIEF EXECUTIVE OFFICER 2.0
Officer
$0 $283,628 $1,323,208
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
2023 $909,624 $1,113,969 $5,001,518 $-204,345
2022 $1,001,460 $1,007,282 $4,818,649 $-5,822
2021 $1,221,350 $794,606 $5,153,069 $426,744
2020 $862,199 $706,215 $4,704,835 $155,984
2019 $999,273 $883,561 $4,217,644 $115,712
2018 $1,010,801 $804,280 $3,651,830 $206,521
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