Howard County Public Schools Educational Foundation Inc
- Assets
- $135.7k
- Revenue
- $394.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Ellicott City, MD
- Founding
- 07/2006
- Data as of
- 06/2021
- EIN
- 20-4840080
Organization Overview
Howard County Public Schools Educational Foundation Inc, operating under the name Bright Minds Foundation, is located in Ellicott City, MD. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Bright Minds Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Minds Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Bright Minds Foundation generated $394.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $415.5k during the year ending 06/2021. While expenses have increased by 21.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PURPOSE IS TO ENHANCE THE EDUCATIONAL EXPERIENCES OF HOWARD COUNTY STUDENTS BY BRINGING TOGETHER PRIVATE AND COMMUNITY SUPPORT FOR ACADEMIC INITIATIVES AND OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCESS TO LEARNING FUND - THE SHIFT TO VIRTUAL EDUCATION HIGHLIGHTED IMMENSE DISPARITIES SOME STUDENTS FACE WHEN TRYING TO ACCESS LEARNING FROM HOME. BRIGHT MINDS LAUNCHED THE ACCESS TO LEARNING FUND TO RAISE FUNDS FOR CRITICAL REMOTE LEARNING RESOURCES. THE FUND RAISED OVER $300,000 FROM 300 INDIVIDUALS, COMMUNITY GROUPS, COMPANIES, AND FOUNDATIONS. THIS ENABLED BRIGHT MINDS TO PROVIDE 30,000 EDUCATION RESOURCES TO STUDENTS AND EDUCATORS, INCLUDING INTERNET SERVICE, ASSISTIVE TECHNOLOGY FOR STUDENTS WITH LEARNING DIFFERENCES, ESSENTIAL SCHOOL SUPPLIES, LEARNING SUBSCRIPTIONS, MAILING OF EDUCATIONAL MATERIALS, AND OTHER RESOURCES.
READ WITH ME PROGRAM - AS THE LOCAL AFFILIATE FOR DOLLY PARTONS IMAGINATION LIBRARY, BRIGHT MINDS DELIVERS THE EARLY CHILDHOOD LITERACY PROGRAM READ WITH ME-HOWARD COUNTY TO INSPIRE A LOVE OF READING, ENCOURAGE PARENT-CHILD INTERACTION, AND PREPARE CHILDREN FOR KINDERGARTEN. THE PROGRAM SENDS PARTICIPATING CHILDREN AN AGE-APPROPRIATE BOOK EACH MONTH FROM BIRTH THROUGH AGE FIVE. MORE THAN 1,000 HOWARD COUNTY CHILDREN HAVE RECEIVED MORE THAN 18,000 BOOKS THROUGH THE PROGRAM THUS FAR.
JUMPSTART PROGRAM - BRIGHT MINDS HELPS STUDENTS DEVELOP SKILLS, EARN COLLEGE CREDITS, AND EXPLORE CAREER OPTIONS BY COVERING THE COSTS OF BOOKS AND FEES FOR INCOME-ELIGIBLE STUDENTS PARTICIPATING IN JUMPSTART, THE DUAL-ENROLLMENT PARTNERSHIP BETWEEN HCPSS AND HOWARD COMMUNITY COLLEGE (HCC). PARTICIPATING STUDENTS HAVE THE OPPORTUNITY TO EARN ENOUGH COLLEGE CREDITS TO COMPLETE ONE OR TWO YEARS OF COLLEGE BY THE TIME THEY GRADUATE FROM HIGH SCHOOL. OVER THE PAST 3 YEARS, BRIGHT MINDS PROVIDED $51,000 IN SCHOLARSHIP SUPPORT TO 191 HCPSS STUDENTS SO THEY COULD TAKE ADVANTAGE OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Crammond Executive Director Former | Officer | 40 | $70,000 |
Dr Michael J Martirano Ex Officio | OfficerTrustee | 2 | $0 |
Jennifer Van Kirk Secretary | OfficerTrustee | 0 | $0 |
Susan Padgett Chair | OfficerTrustee | 12 | $0 |
Dr Clarissa Evans Immediate Past Chair | OfficerTrustee | 2 | $0 |
Kim Sweatt Assistant Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,533 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,574 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,601 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,242 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,762 |
| Information technology | $6,237 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,916 |
| All other expenses | $0 |
| Total functional expenses | $415,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,740 |
| Savings and temporary cash investments | $104,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $135,693 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $71,965 |
| Net assets with donor restrictions | $63,728 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $135,693 |
Grants Awarded
Over the last fiscal year, Howard County Public Schools Educational Foundation Inc has awarded $279,520 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HCPSS PURPOSE: Virt learning resources & teacher grants | $239,596 |
Pigeon Forge, TN PURPOSE: READ WITH ME PROGRAM | $12,924 |
Columbia, MD PURPOSE: ACCESS TO LEARNING PROGRAM | $7,000 |
Columbia, MD PURPOSE: ACCESS TO LEARNING PROGRAM | $5,000 |
Fulton, MD PURPOSE: ACCESS TO LEARNING PROGRAM | $5,000 |
Columbia, MD PURPOSE: ACCESS TO LEARNING PROGRAM | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Howard County Public Schools Educational Foundation Inc has recieved totaling $31,212.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $16,575 |
The Community Foundation Of Howard County Inc Columbia, MD PURPOSE: COMMUNITY GRANT | $12,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: READ WITH ME HOWARD COUNTY | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Foundation Inc Annapolis, MD | $305,968,176 | $47,603,619 |
Umuc Ventures Inc Bethesda, MD | $44,098,237 | $47,696,802 |
The Malala Fund Washington, DC | $40,557,471 | $29,060,686 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |