Civic Intelligence

Powhatan Education Foundation

990 • Fiscal year 2023 • EIN 45-2997389

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 05, 2023

Organization Profilepowhataneducation.org
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

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

90th percentile

62%

Faster asset growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

29th percentile

-6.8%

Faster revenue growth than 29% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$166,533

Up $64,040 (+62%) from 2022

Net Assets

Up

$166,533

Up $64,040 (+62%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin64th percentile

Revenue

Down

$529,894

Down $38,744 (-6.8%) from 2022

Expenses

Down

$465,854

Down $53,009 (-10%) from 2022

Net Income

Up

$64,040

Up $14,265 (+29%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

2023

Assets$166,533
Liabilities$0
Net Assets$166,533
Open 2023 Filing

Operations Trend

Revenue Growth29th percentile

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

2023

Revenue$529,894
Expenses$465,854
Net Income$64,040
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 5, 2023
Return Version
2022v5.0
Gross Receipts
$530,179
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.

To provide a means 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$102,493$166,533▲ $64,040
Rtn Earn Endowment Incm Other Fnds$102,493$166,533▲ $64,040
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$102,493$166,533▲ $64,040
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$102,493$166,533▲ $64,040
Total Liabilities and Net Assets / Fund Balance$102,493$166,533▲ $64,040
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Holly SmithPresident
Conway BlankenshipVice President
Beth Teigen- Non VotingBoard Member
Lynn Clayton Prince- Non VoteBoard Member
Dale GoodmanDirector
Frank RennieDirector
Kris GwaltneyDirector
Jamey EppsSecretary
Kathy GrastyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$524,251
Program Service Revenue
$0
Investment Income
$516
Other Revenue
$5,127
All Other Contributions
$513,726
Change in Net Assets
$64,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$462,910
Other Expenses$2,944
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$348,000--$348,000
Grants to Domestic Individuals$114,910--$114,910
Fees for Services Accounting-$1,100-$1,100
Insurance-$1,019-$1,019
Other Expenses-$25-$25
Total Functional Expenses$462,910$2,944$0$465,854
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Powhatan County Public SchoolPowhatan, VA-Teacher Initiative Grants & Other$348,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,412
Fundraising Direct Expenses$285
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$15,937$5,412$285$5,127
Total Events$15,937$5,412$285$5,127
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, Section B, Line 11B

“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, Section B, Line 12C

“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, Section C, Line 19

“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
Kathy Grasty
Title
Treasurer
Signed
2023-12-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Grasty
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 4: The Foundation issued $1,500 in Teacher of the Year awards for 6 recipients. $ 500 was issued to defray costs for the Recognition Dinner. OTHER PROGRAM SERVICES 5: $ 5,000 in Grant monies were distributed to teachers, counselors, and librarians who engaged in projects and initiatives that enhanced the Powhatan Public Schools curriculum and provided enriched learning for its students. OTHER PROGRAM SERVICES 6: The Foundation made a Donation of $ 1,500 to offset Transportation expenses.”

Raw XML AppendixShowing 400 of 449 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide a means 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.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0513726
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Holly Smith
IRS990/BooksInCareOfDetail/PhoneNum08045149856
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O Box 552
IRS990/BooksInCareOfDetail/USAddress/CityNm0Powhatan
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023139
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0102493
IRS990/CashNonInterestBearingGrp/EOYAmt0166533
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt010525
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0524251
IRS990/CYGrantsAndSimilarPaidAmt0462910
IRS990/CYInvestmentIncomeAmt0516
IRS990/CYOtherExpensesAmt02944
IRS990/CYOtherRevenueAmt05127
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt064040
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0465854
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0529894
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Curtis Foundation grants are made to provide $1,000 to each Powhatan County School teacher, librarian and counselor, to spend on their classroom or students in the coming year. Recipients must turn in receipts to their school as they utilize the grant money. Additionally, they provide written explanations of specific projects or notable expenditures, which the school delivers to the Curtis Foundation and to Powhatan Education Foundation. Total amount distributed $ 341,000.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0341000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01100
IRS990/FeesForServicesAccountingGrp/TotalAmt01100
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Frank Rennie
IRS990/Form990PartVIISectionAGrp/PersonNm1Jamey Epps
IRS990/Form990PartVIISectionAGrp/PersonNm2Kathy Grasty
IRS990/Form990PartVIISectionAGrp/PersonNm3Conway Blankenship
IRS990/Form990PartVIISectionAGrp/PersonNm4Beth Teigen- Non Voting
IRS990/Form990PartVIISectionAGrp/PersonNm5Lynn Clayton Prince- Non Vote
IRS990/Form990PartVIISectionAGrp/PersonNm6Holly Smith
IRS990/Form990PartVIISectionAGrp/PersonNm7Dale Goodman
IRS990/Form990PartVIISectionAGrp/PersonNm8Kris Gwaltney
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt010525
IRS990/FundraisingDirectExpensesAmt0285
IRS990/FundraisingGrossIncomeAmt05412
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0341000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0114910
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0114910
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0348000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0348000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0530179
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01019
IRS990/InsuranceGrp/TotalAmt01019
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0516
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0516
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide a means 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0102493
IRS990/NetAssetsOrFundBalancesEOYAmt0166533
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt05127
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt05127
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1Business Lic & Taxes
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0800
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt125
IRS990/OtherExpensesGrp/TotalAmt0800
IRS990/OtherExpensesGrp/TotalAmt125
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kathy Grasty
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation issued $ 97,810 in scholarships to Powhatan High School students and recent Powhatan High School graduates, based on application criteria determined by the Powhatan High School Scholarship Committee.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt097810
IRS990/ProgSrvcAccomActy2Grp/GrantAmt097810
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0165000
IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation issued $15,600 in Classroom Innovation Grants. The purpose of the Classroom Innovation Grants is to promote innovative education opportunities by funding individual or groups of Powhatan 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015600
IRS990/ProgSrvcAccomActy3Grp/GrantAmt015600
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0561135
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0514613
IRS990/PYInvestmentIncomeAmt0130
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04250
IRS990/PYOtherRevenueAmt07373
IRS990/PYRevenuesLessExpensesAmt049775
IRS990/PYTotalExpensesAmt0518863
IRS990/PYTotalRevenueAmt0568638
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt064040
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0341000
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0102493
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0166533
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0524251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0561135
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0637343
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0399551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt020018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02142298
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0130
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0149
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01197
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt029275
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99940
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt02142298
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0524251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0561135
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0637343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0399551
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt020018
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02142298
IRS990ScheduleA/TotalSupportAmt02143495
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt010525
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt010525
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0285
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015937
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015937
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05412
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05412
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt05127
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0285
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0285
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt194850
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt218560
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Teacher of the Year
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Scholarships Awarded
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Classroom Innovation Grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt124
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt210
IRS990ScheduleI/RecipientTable/CashGrantAmt0348000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Teacher Initiative Grants & Other
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Powhatan County Public School
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01800 Judes Ferry Road
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Powhatan
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023139
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: The Foundation issued $1,500 in Teacher of the Year awards for 6 recipients. $ 500 was issued to defray costs for the Recognition Dinner. OTHER PROGRAM SERVICES 5: $ 5,000 in Grant monies were distributed to teachers, counselors, and librarians who engaged in projects and initiatives that enhanced the Powhatan Public Schools curriculum and provided enriched learning for its students. OTHER PROGRAM SERVICES 6: The Foundation made a Donation of $ 1,500 to offset Transportation expenses.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0102493
IRS990/TotalAssetsEOYAmt0166533
IRS990/TotalAssetsGrp/BOYAmt0102493
IRS990/TotalAssetsGrp/EOYAmt0166533
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0524251
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02944
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0462910
IRS990/TotalFunctionalExpensesGrp/TotalAmt0465854
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0102493
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0166533
IRS990/TotalOtherProgSrvcExpenseAmt08500
IRS990/TotalOtherProgSrvcGrantAmt08000
IRS990/TotalProgramServiceExpensesAmt0462910
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05643

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$166,533
Liabilities
$0
Net assets
$166,533
Revenue
$529,894
Expenses
$465,854
Net income
$64,040
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$4.52$4.83$0.32
2023Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$5.30$4.66$0.64
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$5.69$5.19$0.50
2021Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$6.38$6.27$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$3.90$4.16$0.26
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.67$0.20$0.17$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.64$0.33$0.22$0.11
2017Summary only. Only limited summary data is available for this year.$0.54$0.00$0.67$0.14$0.54