The J127 Education Foundation
- Assets
- $24.1m
- Revenue
- $14.6m
- Investments
- $12.3m
- Employees
- 406
- Location
- Fairfax, VA
- Founding
- 07/1989
- Data as of
- 06/2021
- EIN
- 54-1371815
Organization Overview
The J127 Education Foundation is located in Fairfax, VA. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, J127 Education Foundation employed 406 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J127 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 06/2021, J127 Education Foundation generated $14.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $12.7m during the year ending 06/2021. While expenses have increased by 0.0% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 640 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS.
ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 640 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Smith Director Of Facilities | Officer | 40 | $189,702 |
Christin Soly Executive Director | Officer | 30 | $160,986 |
Kathlena Momm Ed Appletree School | 40 | $122,141 | |
Linda Potts School Principal | 40 | $112,212 | |
Sandy Briscoe Senior Accountant | 40 | $111,162 | |
Alfons Ostroveanu Director Of It | 40 | $105,311 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,604,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $553,580 |
| Noncash contributions included in lines 1a–1f | $34,980 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,157,780 |
| Total Program Service Revenue | $11,980,353 |
| Investment income | $323,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,114 |
| Net Gain/Loss on Asset Sales | $18,289 |
| Net Income from Fundraising Events | $6,564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,577,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $371,229 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $446,420 |
| Compensation of current officers, directors, key employees. | $379,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,877,232 |
| Pension plan accruals and contributions | $45,159 |
| Other employee benefits | $1,369,826 |
| Payroll taxes | $252,878 |
| Fees for services: Management | -$928 |
| Fees for services: Legal | $10,002 |
| Fees for services: Accounting | $165,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,307 |
| Fees for services: Other | $45,167 |
| Advertising and promotion | $53,883 |
| Office expenses | $274,868 |
| Information technology | $38,998 |
| Royalties | $0 |
| Occupancy | $1,283,942 |
| Travel | $57,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $449,286 |
| Insurance | $207,138 |
| All other expenses | $17,849 |
| Total functional expenses | $12,678,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,804,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $447,981 |
| Accounts receivable, net | $37,555 |
| 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 | $59,261 |
| Net Land, buildings, and equipment | $7,339,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,333,617 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,570 |
| Total assets | $24,052,586 |
| Accounts payable and accrued expenses | $1,042,466 |
| Grants payable | $0 |
| Deferred revenue | $1,791,469 |
| 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 | $1,937,555 |
| Other liabilities | $5,543,285 |
| Total liabilities | $10,314,775 |
| Net assets without donor restrictions | $13,736,311 |
| Net assets with donor restrictions | $1,500 |
| 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 | $24,052,586 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The J127 Education Foundation has recieved totaling $21,778.
| Awarding Organization | Amount |
|---|---|
The J127 Foundation Fairfax, VA PURPOSE: MATCHING GRANT FOR PARENT TEACHER ORGANIZATION | $21,778 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |
Maret School Inc Washington, DC | $97,996,233 | $40,685,591 |
Bryn Mawr School For Girls Of Baltimore City Baltimore, MD | $100,381,068 | $39,864,147 |