Civic Intelligence

Frederick County Educational Foundation

990 • Fiscal year 2019 • EIN 52-1396772

Jan 01, 2019 to Dec 31, 2019 • Filed on May 20, 2020

1415 Amherst StreetWinchester, VA 22601

(540) 662-3889

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

42nd percentile

$38,500

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

1052%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,898,146

Up $228,998 (+14%) from 2018

Net Assets

Up

$1,897,275

Up $228,998 (+14%) from 2018

Liabilities

Flat

$871

Flat from 2018

Revenue

Up

$368,086

Up $336,138 (+1052%) from 2018

Expenses

Up

$139,088

Up $2,399 (+1.8%) from 2018

Net Income

Up

$228,998

Up $333,739 (+319%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $782,370Liabilities 2011: $0Net Assets 2011: $782,3702011Assets 2012: $780,472Liabilities 2012: $0Net Assets 2012: $780,4722012Assets 2013: $974,190Liabilities 2013: $0Net Assets 2013: $974,1902013Assets 2014: $1,129,243Liabilities 2014: $0Net Assets 2014: $1,129,2432014Assets 2015: $1,168,263Liabilities 2015: $926Net Assets 2015: $1,167,3372015Assets 2016: $1,248,892Liabilities 2016: $924Net Assets 2016: $1,247,9682016Assets 2017: $1,773,943Liabilities 2017: $925Net Assets 2017: $1,773,0182017Assets 2018: $1,669,148Liabilities 2018: $871Net Assets 2018: $1,668,2772018Assets 2019: $1,898,146Liabilities 2019: $871Net Assets 2019: $1,897,2752019Assets 2020: $2,036,675Liabilities 2020: $871Net Assets 2020: $2,035,8042020Assets 2021: $2,157,684Liabilities 2021: $871Net Assets 2021: $2,156,8132021Assets 2022: $2,097,646Liabilities 2022: $7,838Net Assets 2022: $2,089,8082022Assets 2023: $2,128,664Liabilities 2023: $871Net Assets 2023: $2,127,7932023Assets 2024: $2,217,656Liabilities 2024: $871Net Assets 2024: $2,216,7852024

Highlighted filing

2019

Assets$1,898,146
Liabilities$871
Net Assets$1,897,275

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $269,662Expenses 2011: $75,791Net Income 2011: $193,8712011Revenue 2012: $122,878Expenses 2012: $124,776Net Income 2012: -$1,8982012Revenue 2013: $371,059Expenses 2013: $177,341Net Income 2013: $193,7182013Revenue 2014: $254,848Expenses 2014: $99,795Net Income 2014: $155,0532014Revenue 2015: $202,848Expenses 2015: $164,754Net Income 2015: $38,0942015Revenue 2016: $176,283Expenses 2016: $95,653Net Income 2016: $80,6302016Revenue 2017: $571,034Expenses 2017: $136,552Net Income 2017: $434,4822017Revenue 2018: $31,948Expenses 2018: $136,689Net Income 2018: -$104,7412018Revenue 2019: $368,086Expenses 2019: $139,088Net Income 2019: $228,9982019Revenue 2020: $267,449Expenses 2020: $128,920Net Income 2020: $138,5292020Revenue 2021: $150,331Expenses 2021: $150,860Net Income 2021: -$5292021Revenue 2022: $169,113Expenses 2022: $150,718Net Income 2022: $18,3952022Revenue 2023: $247,203Expenses 2023: $183,020Net Income 2023: $64,1832023Revenue 2024: $322,662Expenses 2024: $233,670Net Income 2024: $88,9922024

Highlighted filing

2019

Revenue$368,086
Expenses$139,088
Net Income$228,998
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 20, 2020
Return Version
2019v5.1
Gross Receipts
$393,439
Mission and Program Overview

Mission

Strengthen secondary education opportunities

Strengthen secondary education opportunities through scholarships and grants

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,668,277$1,897,275▲ $228,998
Investments Other Securities$1,607,610$1,843,151▲ $235,541
Savings and Temporary Cash Investments$61,538$54,995▼ $6,543
Total Assets$1,669,148$1,898,146▲ $228,998
Liabilities
Accounts Payable and Accrued Expenses$871$871→ $0
Total Liabilities$871$871→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,668,277$1,897,275▲ $228,998
Total Liabilities and Net Assets / Fund Balance$1,669,148$1,898,146▲ $228,998

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,843,151--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,607,610$52,606▲ $264,338-$1,843,151
2018$1,717,305$57,593▼ $77,364$9,608$1,607,610
2017$1,281,390$345,160▲ $173,077-$1,717,305
2016$1,157,922$119,831▲ $18,265-$1,281,390
2015$1,131,249$92,623▲ $26,020$48,861$1,157,922
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary P NordhamExecutive DirectorFT$38,500$38,500

Board Members and Trustees

NameTitle
Patti RuckerPresident
Carolyn Williams2nd VICE PRESIDENT
Lorri IdenVice President
Brian HesterDirector
David SocineDirector
Diane SchnoorDirector
Helen LakeDirector
James AngeloDirector
Mark StiversDirector
Melissa YoungbloodDirector
Rob YostDirector
Seth ThatcherDirector
Lori EversoleSecretary
Kristen AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,709
Program Service Revenue
$0
Investment Income
$49,980
Other Revenue
$269,397
All Other Contributions
$48,709
Change in Net Assets
$228,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$81,403
Salaries, Compensation, and Employee Benefits$41,446
Total Fundraising Expense$21,959
Other Expenses$16,239
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$81,403--$81,403
Comp Disqual Persons$19,250-$19,250$38,500
Fees for Service Investment Mgmnt Fees$10,336--$10,336
Payroll Taxes$1,473-$1,473$2,946
Information Technology$1,236-$1,236$2,472
Office Expenses$1,028$1,028-$2,056
Insurance-$1,350-$1,350
Other Expenses-$25-$25
Total Functional Expenses$114,726$2,403$21,959$139,088
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$80,392
Fundraising Direct Expenses$25,353
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various$80,392$80,392-$80,392
Total Events$80,392$80,392$25,353$55,039
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 19

Form 990 Part VI Section C Line 19 All governing documents, conflict of interest policy and financial statements are available to the public in the office of Mary Nordham, located at 1415 Amherst Street, WInchester, VA 22601

Filing and Contact Details

Filer

Filer Name
Frederick County Educational Foundation
EIN
52-1396772
Phone
5406623889
Address
1415 AMHERST STREET, WINCHESTER, VA 22601

Signing Officer

Name
Kristen D Anderson
Title
Treasurer
Signed
2020-05-20
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
1

Preparer

Firm
Richard E Howett CPA
Address
317 Dogwood Road, Winchester, VA 22602
Preparer
Richard E Howett
Phone
5406675560
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IRS990/PayrollTaxesGrp/TotalAmt02946
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0BETH LEWIN
IRS990/ProfessionalFundraisingInd0true
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt071307
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt080316
IRS990/PYInvestmentIncomeAmt046308
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt014929
IRS990/PYOtherRevenueAmt0-85667
IRS990/PYRevenuesLessExpensesAmt0-104741
IRS990/PYSalariesCompEmpBnftPaidAmt041444
IRS990/PYTotalExpensesAmt0136689
IRS990/PYTotalRevenueAmt031948
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0228998
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt038940
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01668277
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01897275
IRS990/SavingsAndTempCashInvstGrp/BOYAmt061538
IRS990/SavingsAndTempCashInvstGrp/EOYAmt054995
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt048709
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt071307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0368160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt097103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0118463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0703742
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt049980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt046308
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt043066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032595
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0190217
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt018190
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt025225
IRS990ScheduleA/OtherIncome170Grp/TotalAmt043415
IRS990ScheduleA/PublicSupportCY170Pct00.75080
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.76910
IRS990ScheduleA/PublicSupportTotal170Amt0703742
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt048709
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt071307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0368160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt097103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0118463
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0703742
IRS990ScheduleA/TotalSupportAmt0937374
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/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01607610
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt052606
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01843151
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt081403
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0264338
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01717305
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt057593
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01607610
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt080316
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-77364
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt09608
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01281390
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0345160
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01717305
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt082322
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0173077
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01157922
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0119831
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01281390
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt014628
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018265
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01131249
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt092623
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01157922
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt043109
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026020
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt048861
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01843151
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ENDOWMENT PORTFOLIO MANAGED BY BANK OF CLARKE COUNTY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TotalBookValueSecuritiesAmt01843151
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt025353
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VARIOUS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt025353
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt025353
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt080392
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt080392
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt080392
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt080392
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt055039
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020720
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt160683
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CLASSROOM GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt020
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt148
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.32$0.23$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.25$0.18$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.10$0.01$2.09$0.17$0.15$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.15$0.15$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$0.27$0.13$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$0.37$0.14$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.03$0.14$0.10
2017Summary only. Only limited summary data is available for this year.$1.77$0.00$1.77$0.57$0.14$0.43
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.18$0.10$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.20$0.16$0.04
2014Summary only. Only limited summary data is available for this year.$1.13$0.00$1.13$0.25$0.10$0.16
2013Summary only. Only limited summary data is available for this year.$0.97$0.00$0.97$0.37$0.18$0.19
2012Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.12$0.12$0.00
2011Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.27$0.08$0.19