Halls Free School Foundation
- Assets
- $972.0k
- Revenue
- $70.6k
- Investments
- $888.1k
- Employees
- 0
- Location
- Montpelier, VA
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-2887092
Organization Overview
Halls Free School Foundation is located in Montpelier, VA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Halls Free School 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 12/2022, Halls Free School Foundation generated $70.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $71.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Halls Free School Foundation has awarded 87 individual grants totaling $177,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAINTAINS THE BUILDING AND SITE OF HALL'S FREE SCHOOL AS A HISTORIC AND COMMUNITY RESOURCE. THE FOUNDATION MAKES THE BUILDING AVAILABLE FOR USE BY OTHER NON-PROFIT ORGANIZATIONS AS MEETING SPACE FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramon E Lowry President/director | 1 | $0 | |
Selina S Gathercole Director | 1 | $0 | |
Samuel H Moody Director | 1 | $0 | |
Earle O Rice Secretary/treasurer/direct | 1 | $0 | |
Helen Hall Harris Director | 1 | $0 | |
Rosewell Page Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $39,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,434 |
| Capital Gain Net Income | $31,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,347 |
| Total operating and administrative expenses | $9,319 |
| Contributions, gifts, grants paid | $61,750 |
| Total expenses and disbursements | $71,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,031 |
| Savings and temporary cash investments | $79,848 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $248,537 |
| Net Land, buildings, and equipment | $2 |
| Other assets | $0 |
| Total assets | $971,988 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Halls Free School Foundation has awarded $61,750 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER DAVIS PURPOSE: SCHOLARSHIP - RUTGERS NEW BRUNSWICK | $2,500 |
BEN KNOUSE PURPOSE: SCHOLARSHIP - VIRGINIA TECH | $2,500 |
BRIAN CHRISTOPHER KEENER PURPOSE: SCHOLARSHIP - CEDARVILLE UNIVERSITY | $2,500 |
BRITTANY COCKE PURPOSE: SCHOLARSHIP - J SARGENT REYNOLDS COMMUNITY COLLEGE | $1,250 |
BROOKE ALLISON STANLEY PURPOSE: SCHOLARSHIP - LONGWOOD UNIVERSITY | $2,500 |
CALLIE HOPPER PURPOSE: SCHOLARSHIP - LIBERTY UNIVERSITY | $2,500 |