Civic Intelligence

Powhatan Education Foundation

990 • Fiscal year 2021 • EIN 45-2997389

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 26, 2022

P O Box 552Powhatan, VA 23139

(804) 514-9856

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

31st percentile

1.7%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

71st percentile

26%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

63%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$52,718

Up $11,038 (+26%) from 2020

Net Assets

Up

$52,718

Up $11,038 (+26%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$637,557

Up $247,333 (+63%) from 2020

Expenses

Up

$626,519

Up $210,703 (+51%) from 2020

Net Income

Up

$11,038

Up $36,630 (+143%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2017: $53,850Liabilities 2017: $02017Assets 2018: $64,433Net Assets 2018: $64,4332018Assets 2019: $67,272Net Assets 2019: $67,2722019Assets 2020: $41,680Liabilities 2020: $0Net Assets 2020: $41,6802020Assets 2021: $52,718Liabilities 2021: $0Net Assets 2021: $52,7182021Assets 2022: $102,493Liabilities 2022: $0Net Assets 2022: $102,4932022Assets 2023: $166,533Liabilities 2023: $0Net Assets 2023: $166,5332023Assets 2024: $135,675Liabilities 2024: $0Net Assets 2024: $135,6752024

Highlighted filing

2021

Assets$52,718
Liabilities$0
Net Assets$52,718

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2017: $67,374Expenses 2017: $13,524Net Income 2017: $53,8502017Revenue 2018: $32,741Expenses 2018: $22,158Net Income 2018: $10,5832018Revenue 2019: $19,555Expenses 2019: $16,716Net Income 2019: $2,8392019Revenue 2020: $390,224Expenses 2020: $415,816Net Income 2020: -$25,5922020Revenue 2021: $637,557Expenses 2021: $626,519Net Income 2021: $11,0382021Revenue 2022: $568,638Expenses 2022: $518,863Net Income 2022: $49,7752022Revenue 2023: $529,894Expenses 2023: $465,854Net Income 2023: $64,0402023Revenue 2024: $451,618Expenses 2024: $483,475Net Income 2024: -$31,8572024

Highlighted filing

2021

Revenue$637,557
Expenses$626,519
Net Income$11,038
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 26, 2022
Return Version
2020v4.0
Gross Receipts
$637,557
Mission and Program Overview

Mission

To provide a vehicle for contributions and application for grants to help supplement funds for instructional materials, equipment, and all types of resources to enhance education for all levels of the Powhatan County Public Schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$41,680$52,718▲ $11,038
Rtn Earn Endowment Incm Other Fnds$41,680$52,718▲ $11,038
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$41,680$52,718▲ $11,038
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$41,680$52,718▲ $11,038
Total Liabilities and Net Assets / Fund Balance$41,680$52,718▲ $11,038
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carolyn WhitePresident
Carol BaltimoreVice President
Conway BlankenshipBoard Member
Debbie EllisBoard Member
Eric Jones- Non VotingBoard Member
Holly SmithBoard Member
Lynn Clayton- Non VotingBoard Member
Lynne BradburySecretary
David PrinceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$637,342
Program Service Revenue
$0
Investment Income
$215
Other Revenue
$0
All Other Contributions
$637,342
Change in Net Assets
$11,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$626,284
Other Expenses$235
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$621,174--$621,174
Grants to Domestic Individuals$5,110--$5,110
Fees for Services Other-$235-$235
Total Functional Expenses$626,284$235$0$626,519
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Powhatan County Public SchoolPowhatan, VA-Teacher Impact Grants$338,000
Powhatan County Public SchoolPowhatan, VA-Funding for STEAM Program$161,674
Powhatan High SchoolPowhatan, VA-Scholarships$110,000
Powhatan High SchoolPowhatan, VA-Scholarships$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft of the Form 990 (or 990-EZ) is delivered electronically to all Board members for their review and approval.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are provided a copy of the conflict of interest policy and a certificate to sign it annually. The Board did discuss and enforce blind reviews of all grant proposals. Additionally, the Board discussed that there were no conflicts of interests or special benefits given to anyone connected to a member of the Board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Other documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Powhatan Education Foundation
EIN
45-2997389
Phone
8045149856
Address
P O Box 552, Powhatan, VA 23139

Signing Officer

Name
Holly Smith
Title
President
Signed
2022-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Holly Smith
Formed
2011
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Stephen M Ragland Ltd
Address
7204 Glen Forest Drive Suite 300, Richmond, VA 23226
Preparer
Elaine M Ragland CPA
Phone
8042888516
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: The Foundation issued four $1,000 scholarships to Powhatan High School, awards based on application criteria determined by the Powhatan High School Scholarship Committee. OTHER PROGRAM SERVICES 5: The Foundation issued $3,300 in Teacher of the Year awards for 9 recipients. OTHER PROGRAM SERVICES 6: The Foundation provided $1,500 of funding to two school extra-curricular organizations of Powhatan High School. OTHER PROGRAM SERVICES 7: The Foundation awarded two $2,000 block grants to the Powhatan County Career & Technical Education Program. The recipients of these scholarships are chosen by the Career & Technical Education (CTE) Advisory Committee, shich is composed of local business leaders, Powhatan County Public Schools teachers and Powhatan County Public School administrators. OTHER PROGRAM SERVICES 8: The Foundation awarded two scholarships of $1,000 each, in the name of Cynthia D. Wilkinson, in recognition of the time and energy she volunteered to create a lasting framework for improving public education in Powhatan County. The Powhatan High School Scholarship Committee is responsible for selecting the scholarship recipients based on criteria set forthe by the Foundation.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Philanthropic Funding Grants (Science,Technology,Engineering,Arts,Math) are awarded to individuals or groups of Powhatan Public School teachers, librarians and counselors who submit a proposal for projects that use innovation and collaboration to achieve the County's curricular goals and to enhance the learning experience for Powhatan students. The proposals include a budget and each grant awardee must submit a follow-up summary highlighting their project, including anecdotes and photographs where appropriate.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation issued $111,810 in scholarships to Powhatan High School students, based on application criteria determined by the Powhatan High School Scholarship Committee.
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0637343
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0399551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt053069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01144177
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0149
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0667
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt051673
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98880
IRS990ScheduleA/PublicSupportPY170Pct00.95330
IRS990ScheduleA/PublicSupportTotal170Amt01132074
IRS990ScheduleA/SubstantialContributorsTotAmt012103
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0637343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0399551
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020018
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt053069
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01144177
IRS990ScheduleA/TotalSupportAmt01144862
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01810
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13300
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Teacher of the Year
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt19
IRS990ScheduleI/RecipientTable/CashGrantAmt0161674
IRS990ScheduleI/RecipientTable/CashGrantAmt1338000
IRS990ScheduleI/RecipientTable/CashGrantAmt2110000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Funding for STEAM Program
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Teacher Impact Grants
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Scholarships
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Scholarships
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Powhatan County Public School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Powhatan County Public School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Powhatan High School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Powhatan High School
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04290 Anderson Highway
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14290 Anderson Highway
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21800 Judes Ferry Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt34290 Anderson Highway
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Powhatan
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Powhatan
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Powhatan
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Powhatan
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
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IRS990ScheduleI/TotalOtherOrgCnt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: The Foundation issued four $1,000 scholarships to Powhatan High School, awards based on application criteria determined by the Powhatan High School Scholarship Committee. OTHER PROGRAM SERVICES 5: The Foundation issued $3,300 in Teacher of the Year awards for 9 recipients. OTHER PROGRAM SERVICES 6: The Foundation provided $1,500 of funding to two school extra-curricular organizations of Powhatan High School. OTHER PROGRAM SERVICES 7: The Foundation awarded two $2,000 block grants to the Powhatan County Career & Technical Education Program. The recipients of these scholarships are chosen by the Career & Technical Education (CTE) Advisory Committee, shich is composed of local business leaders, Powhatan County Public Schools teachers and Powhatan County Public School administrators. OTHER PROGRAM SERVICES 8: The Foundation awarded two scholarships of $1,000 each, in the name of Cynthia D. Wilkinson, in recognition of the time and energy she volunteered to create a lasting framework for improving public education in Powhatan County. The Powhatan High School Scholarship Committee is responsible for selecting the scholarship recipients based on criteria set forthe by the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft of the Form 990 (or 990-EZ) is delivered electronically to all Board members for their review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are provided a copy of the conflict of interest policy and a certificate to sign it annually. The Board did discuss and enforce blind reviews of all grant proposals. Additionally, the Board discussed that there were no conflicts of interests or special benefits given to anyone connected to a member of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0637342
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0235
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0626284
IRS990/TotalFunctionalExpensesGrp/TotalAmt0626519
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IRS990/TotalOtherProgSrvcExpenseAmt014800
IRS990/TotalOtherProgSrvcGrantAmt014800
IRS990/TotalOtherProgSrvcRevenueAmt01500
IRS990/TotalProgramServiceExpensesAmt0626284
IRS990/TotalProgramServiceRevenueAmt00

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