The Maggie L Walker Governor's School Govt & Intl Studies Foundation

EIN: 541608930 501(c)(3) Education

Richmond, VA

Total Revenue
$358,293
Total Expenses
$428,268
Total Assets
$1,005,725
Net Assets
$1,000,346
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
Karen Principe
Phone
8043541566
Tax Period
2024-07-01 to 2025-06-30

THE MAGGIE L WALKER GOVERNOR'S SCH FOR GOVT& INTL STUDIES FOUNDATION, founded in 1992, is a small nonprofit in the Education sector that reported $446K in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. Expenses of $492K exceeded revenue, resulting in a 10% operating deficit.

Mission

The Governor's School Foundation cultivates resources to enhance the educational experience of all students at Maggie L. Walker Governor's School.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $311,630
Program Service Revenue $0
Investment Income $4,545
Other Revenue $42,118
TOTAL REVENUE $358,293

Expense Breakdown

Grants Paid $18,000
Salaries & Benefits $102,791
Fundraising Expenses $93,050
Program Expenses $280,501
Other Expenses $307,477
TOTAL EXPENSES $428,268

Year-over-Year Comparison

2024 2023 Change
Revenue $358,293 $389,617 -0.1%
Expenses $428,268 $393,193 +0.1%
Net Income $-69,975 $-3,576 +18.6%
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
2
Volunteers
110

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
8
$85,000
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tyler Gibson Director 1.00
Director
$0 $0 $0
Anikka Moore Director 1.00
Director
$0 $0 $0
Brian Baird Director 1.00
Director
$0 $0 $0
Monique Johnson Director 1.00
Director
$0 $0 $0
Cynthia Kostelecky Director 1.00
Director
$0 $0 $0
Stinson Mundy Director 1.00
Director
$0 $0 $0
Julie Seabury Director 1.00
Director
$0 $0 $0
Lakshmi Algappan Director 1.00
Director
$0 $0 $0
Adam Powers Finance Committee Chair 1.00
Officer Director
$0 $0 $0
Emily Stegmaier Winbigler Governance Committee Chair 1.00
Officer Director
$0 $0 $0
Erin Ortiz Alumni Advisory Board Chair 1.00
Officer Director
$0 $0 $0
Julie Seitz Secretary 1.00
Officer Director
$0 $0 $0
Karen Principe Treasurer 1.00
Officer Director
$0 $0 $0
Veronica Chornodolsky Vice Chair/Events Committee Chair 1.00
Officer Director
$0 $0 $0
Beth Simms Chair 1.00
Officer Director
$0 $0 $0
Ginger O'Neil Executive Director 40.00
Officer
$85,000 $0 $85,000
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 $358,293 $428,268 $1,005,725 $-69,975
2024 $389,617 $393,193 $987,446 $-3,576
2023 $399,911 $446,323 $921,040 $-46,412
2022 $448,206 $329,381 $951,947 $118,825
2021 $349,106 $266,018 $1,038,284 $83,088
2020 $363,356 $339,143 $801,268 $24,213
2019 $446,401 $492,060 $761,810 $-45,659
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