RICHMOND PUBLIC SCHOOLS EDUCATION FOUNDATION INC

EIN: 542025186 501(c)(3) Education

RICHMOND, VA

Total Revenue
$4,687,538
Total Expenses
$5,047,358
Total Assets
$4,228,822
Net Assets
$3,486,733
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
TAIKEIN COOPER
Phone
8047808623
Tax Period
2024-07-01 to 2025-06-30

RICHMOND PUBLIC SCHOOLS EDUCATION FOUNDATION INC, founded in 2001, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

RPSEF SUPPORTS TEACHING AND LEARNING INSIDE RICHMOND PUBLIC SCHOOLS THAT ARE NOT ALREADY COVERED BY EXISTING PUBLIC FUNDING. THE FOUNDATION FOCUSES IN THREE AREAS; STUDENT SUCCESS, TEACHING INNOVATION AND COLLEGE AND CAREER READINESS.

Program Service Accomplishments

Program 1
Expenses: $650,937

EARLY LITERACY: THE RICHMOND ED FUND INVESTED IN IMPLEMENTING EVIDENCE-BASED EARLY LITERACY INSTRUCTION ACROSS RICHMOND PUBLIC SCHOOLS BY SUPPORTING THE SCIENCE OF READING APPROACH THROUGH UFLI AND...

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EARLY LITERACY: THE RICHMOND ED FUND INVESTED IN IMPLEMENTING EVIDENCE-BASED EARLY LITERACY INSTRUCTION ACROSS RICHMOND PUBLIC SCHOOLS BY SUPPORTING THE SCIENCE OF READING APPROACH THROUGH UFLI AND PROVIDING ONGOING PROFESSIONAL DEVELOPMENT FOR ALL K2 TEACHERS, LED BY LITERACY COACHES. AS VIRGINIA TRANSITIONED FROM THE PHONOLOGICAL AWARENESS LITERACY SCREENING (PALS) TO THE VIRGINIA LANGUAGE & LITERACY SCREENING SYSTEM (VALLSS), RICHMOND PUBLIC SCHOOLS ACHIEVED A 14-POINT GROWTH IN EARLY LITERACY OUTCOMES IN FY25. THESE INVESTMENTS STRENGTHEN FOUNDATIONAL READING SKILLS, WHICH ARE CLOSELY LINKED TO LONG-TERM ACADEMIC SUCCESS, GRADUATION RATES, AND WORKFORCE READINESS, REDUCING FUTURE REMEDIATION COSTS, IMPROVING THE RETURN ON PUBLIC EDUCATION INVESTMENTS, AND STRENGTHENING THE REGION'S LONG-TERM TALENT PIPELINE.

Program 2
Expenses: $85,000

RPS200: THE RICHMOND ED FUND CONTINUED SUPPORTING RPS200, AN EXTENDED LEARNING TIME INITIATIVE AIMED AT ACCELERATING ACADEMIC PROGRESS FOR STUDENTS WHO BENEFIT MOST FROM EXTRA INSTRUCTION AND...

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RPS200: THE RICHMOND ED FUND CONTINUED SUPPORTING RPS200, AN EXTENDED LEARNING TIME INITIATIVE AIMED AT ACCELERATING ACADEMIC PROGRESS FOR STUDENTS WHO BENEFIT MOST FROM EXTRA INSTRUCTION AND ENRICHMENT. BY INCREASING LEARNING TIME WITHOUT NEEDING SIGNIFICANT NEW INFRASTRUCTURE, THE INITIATIVE MAXIMIZES THE USE OF EXISTING SCHOOL RESOURCES WHILE ACHIEVING NOTABLE ACADEMIC GAINS FOR PARTICIPATING STUDENTS. THIS APPROACH ENHANCES SKILL DEVELOPMENT, ENSURES ON-TIME GRADE PROGRESSION, AND IMPROVES LONG-TERM WORKFORCE READINESS, THEREBY INCREASING THE OVERALL RETURN ON PUBLIC EDUCATION INVESTMENTS AND HELPING BUILD A STRONGER, MORE DEPENDABLE FUTURE WORKFORCE FOR THE RICHMOND REGION.

Program 3
Expenses: $3,943,483

RPS LEADS: THE RICHMOND ED FUND SUPPORTED RPS LEADS, A YEARLONG LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO PREPARE ASSISTANT PRINCIPALS AND NEW PRINCIPALS TO BECOME HIGHLY EFFECTIVE SCHOOL LEADERS...

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RPS LEADS: THE RICHMOND ED FUND SUPPORTED RPS LEADS, A YEARLONG LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO PREPARE ASSISTANT PRINCIPALS AND NEW PRINCIPALS TO BECOME HIGHLY EFFECTIVE SCHOOL LEADERS ACROSS RICHMOND PUBLIC SCHOOLS. PARTICIPANTS ENGAGED IN INTENSIVE PROFESSIONAL LEARNING AND COACHING ALIGNED WITH DISTRICT PRIORITIES, RESULTING IN 100% RETENTION OF COHORT MEMBERS AND TWO PROMOTIONS TO EXPANDED LEADERSHIP ROLES. INVESTMENTS IN LEADERSHIP DEVELOPMENT STRENGTHEN SCHOOL PERFORMANCE, IMPROVE TEACHER RETENTION, AND REDUCE COSTLY LEADERSHIP TURNOVER, ENSURING STRONGER INSTRUCTIONAL ENVIRONMENTS AND INCREASING THE LONG-TERM RETURN ON PUBLIC EDUCATION INVESTMENTS THROUGH MORE STABLE AND EFFECTIVE SCHOOL LEADERSHIP.

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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 $4,680,010
Program Service Revenue $0
Investment Income $7,528
Other Revenue $0
TOTAL REVENUE $4,687,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $281,442
Fundraising Expenses $191,693
Program Expenses $4,679,420
Other Expenses $4,765,916
TOTAL EXPENSES $5,047,358

Year-over-Year Comparison

2024 2023 Change
Revenue $4,687,538 $3,500,565 +0.3%
Expenses $5,047,358 $1,296,905 +2.9%
Net Income $-359,820 $2,203,660 -1.2%
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
15
Independent Members
15
Employees
3
Volunteers
20

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
$219,116
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY BURCHER BOARD MEMBER 2.00
Director
$0 $0 $0
DR GENEVIEVE SIEGEL-HAWLEY BOARD MEMBER 3.00
Director
$0 $0 $0
MATT CONRAD BOARD MEMBER 2.00
Director
$0 $0 $0
REV DR EMANUEL HARRIS BOARD MEMBER 2.00
Director
$0 $0 $0
DR MEGAN HEALY BOARD MEMBER 2.00
Director
$0 $0 $0
CARLOS HOPKINS BOARD MEMBER 2.00
Director
$0 $0 $0
DR JOSE MOREY BOARD MEMBER 2.00
Director
$0 $0 $0
RUPA MURTHY BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID MILLS CHAIR 5.00
Officer Director
$0 $0 $0
DR THAD WILLIAMSON VICE CHAIR 5.00
Officer Director
$0 $0 $0
WENDY P LEWIS TREASURER 3.00
Officer Director
$0 $0 $0
TRACY BROWER DEPUTY EXEC DIRECTOR-ENDED 2/25 40.00
Officer
$78,519 $1,562 $80,081
TAIKEIN COOPER CEO 40.00
Officer
$136,114 $2,921 $139,035
MARTIN SUTLER VP-STRATEGIC PARTNERSHIP & INITIATIVES 40.00
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
2025 $4,687,538 $5,047,358 $4,228,822 $-359,820
2024 $3,500,565 $1,296,905 $3,952,927 $2,203,660
2023 $1,131,579 $874,228 $1,664,688 $257,351
2022 $1,170,976 $449,658 $1,399,654 $721,318
2021 $846,707 $1,016,219 $666,573 $-169,512
2020 $1,384,646 $1,984,054 $995,623 $-599,408
2019 $1,366,712 $1,197,626 $1,463,382 $169,086
2018 $1,087,473 $944,856 $1,273,184 $142,617
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