Civic Intelligence

Frederick County Educational Foundation

990 • Fiscal year 2021 • EIN 52-1396772

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 01, 2022

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

18th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

25th percentile

-0.4%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$38,500

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 25.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

42nd percentile

5.9%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,157,684

Up $121,009 (+5.9%) from 2020

Net Assets

Up

$2,156,813

Up $121,009 (+5.9%) from 2020

Liabilities

Flat

$871

Flat from 2020

Revenue

Down

$150,331

Down $117,118 (-44%) from 2020

Expenses

Up

$150,860

Up $21,940 (+17%) from 2020

Net Income

Down

-$529

Down $139,058 (-100%) from 2020

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

2021

Assets$2,157,684
Liabilities$871
Net Assets$2,156,813

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

2021

Revenue$150,331
Expenses$150,860
Net Income-$529
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 1, 2022
Return Version
2021v4.2
Gross Receipts
$161,069
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$2,035,804$2,156,813▲ $121,009
Investments Other Securities$1,933,990$2,079,070▲ $145,080
Savings and Temporary Cash Investments$102,685$78,614▼ $24,071
Total Assets$2,036,675$2,157,684▲ $121,009
Liabilities
Accounts Payable and Accrued Expenses$871$871→ $0
Total Liabilities$871$871→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,035,804$2,156,813▲ $121,009
Total Liabilities and Net Assets / Fund Balance$2,036,675$2,157,684▲ $121,009

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,079,070--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,933,991$72,465▲ $42,266-$2,018,374
2020$1,843,151$72,320▲ $138,274$15,858$1,933,991
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
Compensation and Service Providers

Employees

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

Board Members and Trustees

NameTitle
Lorri IdenPresident
Seth Thatcher2nd VICE PRESIDENT
Carolyn WilliamsVice President
Brian HesterDirector
Daniel SnappDirector
David SocineDirector
James AngeloDirector
Kristen AndersonDirector
Mark StiversDirector
Melissa YoungbloodDirector
Patti RuckerDirector
Rob YostDirector
Seth ThatcherDirector
Lori EversoleSecretary
Kate ChappellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$90,561
Program Service Revenue
$0
Investment Income
$42,287
Other Revenue
$17,483
All Other Contributions
$90,561
Change in Net Assets
$-529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$92,597
Salaries, Compensation, and Employee Benefits$41,446
Total Fundraising Expense$21,583
Other Expenses$16,817
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$92,597--$92,597
Current Officers, Directors, Trustees, and Key Employees$19,250-$19,250$38,500
Fees for Service Investment Mgmnt Fees$12,066--$12,066
Payroll Taxes$1,473-$1,473$2,946
Information Technology$860-$860$1,720
Insurance-$1,577-$1,577
Office Expenses$715$714-$1,429
Other Expenses-$25-$25
Total Functional Expenses$126,961$2,316$21,583$150,860
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,221
Fundraising Direct Expenses$10,738
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraisers$28,221$28,221-$28,221
Total Events$28,221$28,221$10,738$17,483
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
Kate Chappell
Title
Treasurer
Phone
5406623889
Signed
2022-04-01
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/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01473
IRS990/PayrollTaxesGrp/ProgramServicesAmt01473
IRS990/PayrollTaxesGrp/TotalAmt02946
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0KATE CHAPPELL
IRS990/ProfessionalFundraisingInd0true
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0104971
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt069666
IRS990/PYInvestmentIncomeAmt073394
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt017810
IRS990/PYOtherRevenueAmt089084
IRS990/PYRevenuesLessExpensesAmt0138529
IRS990/PYSalariesCompEmpBnftPaidAmt041444
IRS990/PYTotalExpensesAmt0128920
IRS990/PYTotalRevenueAmt0267449
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-529
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt079074
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02035804
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02156813
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0102685
IRS990/SavingsAndTempCashInvstGrp/EOYAmt078614
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt090561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0104971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt048709
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt071307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0368160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0683708
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt042287
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt073394
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt049980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046308
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt043066
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0255035
IRS990ScheduleA/PublicSupportCY170Pct00.72830
IRS990ScheduleA/PublicSupportPY170Pct00.73470
IRS990ScheduleA/PublicSupportTotal170Amt0683708
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt090561
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0104971
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt048709
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt071307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0368160
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0683708
IRS990ScheduleA/TotalSupportAmt0938743
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/BeginningYearBalanceAmt01933991
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt072465
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02018374
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt030348
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt042266
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01843151
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt072320
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01933991
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0103896
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0138274
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt015858
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01607610
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt052606
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01843151
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt081403
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0264338
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01717305
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt057593
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01607610
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt080316
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-77364
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt09608
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01281390
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0345160
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01717305
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt082322
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0173077
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02079070
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/TotalBookValueSecuritiesAmt02079070
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010738
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISERS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt010738
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt010738
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028221
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028221
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt028221
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt028221
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017483
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt012066
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt179914
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CLASSROOM GANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt020
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt159
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleJ/SeverancePaymentInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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