GLOUCESTER COUNTY PUBLIC SCHOOLS EDUCATIONAL FOUNDATION

EIN: 541925305 501(c)(3) Education

GLOUCESTER, VA

Total Revenue
$87,477
Total Expenses
$78,340
Total Assets
$1,038,529
Net Assets
$1,038,529
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Principal Officer
TARA THOMAS
Phone
7578708440
Tax Period
2024-01-01 to 2024-12-31

GLOUCESTER COUNTY PUBLIC SCHOOLS EDUCATIONAL FOUNDATION, founded in 1999, is a micro nonprofit in the Education sector that reported $52K in total revenue in fiscal year 2018. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $47K left a modest 10% surplus.

Mission

ESTABLISHED TO CREATE A PUBLIC/PRIVATE PARTNERSHIP TO IMPLEMENT PUBLIC SCHOOL IMPROVEMENT PROJECTS APPROVED BY SCHOOL BOARD.

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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 $14,694
Program Service Revenue $35,316
Investment Income $37,467
Other Revenue $0
TOTAL REVENUE $87,477

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,316
Other Expenses $78,340
TOTAL EXPENSES $78,340

Year-over-Year Comparison

2024 2023 Change
Revenue $87,477 $71,015 +0.2%
Expenses $78,340 $83,821 -0.1%
Net Income $9,137 $-12,806 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
20
Independent Members
20
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
2
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONNE ARSENOVIC MEMBER N/A
Director
$0 $0 $0
DAVID V BRISTOW MEMBER N/A
Director
$0 $0 $0
RANDY BURAK MEMBER N/A
Director
$0 $0 $0
TERRI BYRNE MEMBER N/A
Director
$0 $0 $0
MELISSA CRAWFORD MEMBER N/A
Director
$0 $0 $0
CAROL DEHOUX EX-OFFICIO N/A
Director
$0 $0 $0
JOHN GORDON MEMBER N/A
Director
$0 $0 $0
MICHAEL D JENKINS CHAIRPERSON N/A
Director
$0 $0 $0
HAYWOOD BARNES JR MEMBER N/A
Director
$0 $0 $0
DR WILLIAM D WEAVER JR MEMBER N/A
Director
$0 $0 $0
GEORGE MCVEY MEMBER N/A
Director
$0 $0 $0
ANITA PARKER MEMBER N/A
Director
$0 $0 $0
QUINTON SHEPPARD MEMBER N/A
Director
$0 $0 $0
BYRON THORNE MEMBER N/A
Director
$0 $0 $0
ANTHONY VLADU EX-OFFICIO N/A
Director
$0 $0 $0
KEITH WEBB MEMBER N/A
Director
$0 $0 $0
GLORIA WILLIAMS MEMBER N/A
Director
$0 $0 $0
HELEN WORTHINGTON MEMBER N/A
Director
$0 $0 $0
MICHELLE STONE VICE-CHAIR N/A
Officer
$0 $0 $0
TARA THOMAS TREASURER N/A
Officer
$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 $87,477 $78,340 $1,038,529 $9,137
2023 $71,015 $83,821 $969,664 $-12,806
2022 $121,273 $76,309 $867,755 $44,964
2021 $99,564 $58,845 $1,058,928 $40,719
2020 $369,680 $78,534 $962,558 $291,146
2019 $85,416 $52,053 $596,108 $33,363
2018 $52,430 $46,964 $518,215 $5,466
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