Falls Church Education Foundation
- Assets
- $2.2m
- Revenue
- $756.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Falls Church, VA
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 54-1292509
Organization Overview
Falls Church Education Foundation is located in Falls Church, VA. The organization was established in 1985. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2022, Falls Church Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falls Church Education 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 06/2022, Falls Church Education Foundation generated $756.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $459.0k during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROMOTE INTEREST IN EDUCATION, AND PROVIDE FINANCIAL RESOURCES FOR PROGRAMS AND ACTIVITIES OF FALLS CHURCH CITY PUBLIC SCHOOL DIVISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021-2022, THE FALLS CHURCH EDUCATION FOUNDATION FUNDRAISING CAMPAIGNS WERE SUCCESSFUL WITH INCREASED PROCEEDS FROM OUR "ANNUAL GALA & AUCTION", "RUN FOR THE SCHOOLS", "THE LITTLE CITY SCRAMBLE EVENT AND OUR FALLS CHURCH "HOME & GARDEN TOUR EVENT" COMBINED WITH STRONG SUPPORT FROM OUR COMMUNITY. THE FOUNDATION WAS ABLE TO DISBURSE FUNDS THROUGH OUR SUPER GRANTS INNOVATION PROGRAM, OUR ADVANCED TRAINING GRANTS STAFF EDUCATIONAL SUPPORT PROGRAM, WELLNESS GRANTS, ESOL, SPECIAL EDUCATION PROGRAMS, SUPPORT FOR PTA/TEACHER GRANTS AND STUDENT SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Hiscott Executive Director | Officer | 20 | $67,270 |
Mary Asel President | OfficerTrustee | 20 | $0 |
Gabriela Enache-Sandoz Treasurer | OfficerTrustee | 20 | $0 |
Sharon Schoeller Secretary | OfficerTrustee | 20 | $0 |
Cecily Shea Past-President | OfficerTrustee | 10 | $0 |
Annalisa Aldana Vice President | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $201,564 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,943 |
| Noncash contributions included in lines 1a–1f | $83,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,507 |
| Total Program Service Revenue | $0 |
| Investment income | $113,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $756,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,508 |
| Grants and other assistance to domestic individuals. | $119,303 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,270 |
| Compensation of current officers, directors, key employees. | $6,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $2,679 |
| Advertising and promotion | $0 |
| Office expenses | $1,819 |
| Information technology | $4,858 |
| 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 | $2,431 |
| All other expenses | $0 |
| Total functional expenses | $459,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,224 |
| Savings and temporary cash investments | $95,913 |
| Pledges and grants receivable | $4,250 |
| 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 | $2,030 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,528,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,153,487 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $253,432 |
| Deferred revenue | $25,250 |
| 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 | $278,682 |
| Net assets without donor restrictions | $445,340 |
| Net assets with donor restrictions | $1,429,465 |
| 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 | $2,153,487 |
Grants Awarded
Over the last fiscal year, Falls Church Education Foundation has awarded $96,262 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FCCPS PURPOSE: STUDENT SUPPORT | $80,262 |
Falls Church, VA PURPOSE: STUDENT/STAFF SUPPORT | $10,000 |
Charlottesville, VA PURPOSE: TEACHER SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Falls Church Education Foundation has recieved totaling $120,671.
| Awarding Organization | Amount |
|---|---|
Listen Learn Care Foundation Inc Highland Beach, FL PURPOSE: TO FURTHER CHARITABLE PURPOSE | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $42,769 |
Los Altos Community Foundation Los Altos, CA PURPOSE: OPERATIONS | $21,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $652 |
Endowment Analysis
| Beg. Balance | $1,805,149 |
| Earnings | -$104,441 |
| Admin Expense | $194,825 |
| Net Contributions | $305,882 |
| Ending Balance | $1,811,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Ucp North Carolina & Virginia Inc Raleigh, NC | $19,056,860 | $91,808,337 |
University Of Maryland Faculty Physicians Inc Baltimore, MD | $357,134,333 | $108,138,580 |
Childrens Health Foundation Inc Norfolk, VA | $218,293,245 | $41,519,979 |
Childrens Hospital Foundation Washington, DC | $768,707,580 | $82,832,640 |
Atrium Health Foundation Charlotte, NC | $404,080,450 | $59,803,918 |
Syrian American Medical Society Foundation Washington, DC | $20,670,637 | $42,052,972 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
Kosair Charities Committee Inc Louisville, KY | $326,895,406 | $23,053,795 |
Kentuckyone Health Inc Lexington, KY | $15,206,136 | $12,087,828 |
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
The Hsc Foundation Washington, DC | $107,386,448 | $11,268,614 |