Bedford Area Educational Foundation Inc
- Assets
- $188.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest, VA
- Founding
- 08/2002
- Data as of
- 06/2024
- EIN
- 36-4499678
Organization Overview
Bedford Area Educational Foundation Inc is located in Forest, VA. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Bedford Area Educational Foundation Inc 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 06/2024, Bedford Area Educational Foundation Inc generated $49.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $60.7k during the year ending 06/2024. While expenses have increased by 5.3% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROVIDE EDUCATIONAL GRANTS AND SUPPORT TO LOCAL SCHOOLS AND TEACHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debby Allen Chairman | 1 | $0 | |
John Mack Board Member | 1 | $0 | |
Timothy Black Board Member | 1 | $0 | |
Rita Otey Secretary | 1 | $0 | |
Donna Templeton Board Member | 1 | $0 | |
Sara Braaten Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,210 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,553 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,763 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,484 |
| Professional fees and other payments to independent contractors | $785 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $634 |
| Other expenses | $4,302 |
| Total expenses | $60,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $188,380 |
| Other assets | $0 |
| Total assets | $188,430 |
| Total liabilities | $0 |
| Net assets or fund balances | $188,430 |