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Henrico Education Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541893274 ✦ Henrico, VA ✦ Designated as a 501(c)(3)

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Overview

What is Henrico Education Foundation Inc?

Henrico Education Foundation Inc, based in Henrico, Virginia, is a nonprofit organization dedicated to enhancing public education in the area. With a team of 157 employees, their mission is to foster innovative programs and initiatives aimed at improving student achievement. Their activities encompass preparing students for success in college, careers, and community, strengthening educational leaders, developing strong communities that impact school success, and serving as a catalyst for innovation in Henrico County, Virginia public schools. The foundation's work extends beyond the classroom, aiming to create a holistic learning environment that benefits students and the community as a whole.


Official website here: www.henricogives.org

What are the reviews and ratings of this charity?

**Henrico Education Foundation Inc Rating: 81% (Three-Star out of Four Stars)**

The Henrico Education Foundation has received an 81% rating from Charity Navigator, primarily reflecting its accountability and finance practices. This score highlights the organization's financial efficiency and trustworthiness, indicating that it is well-managed and uses its resources effectively. However, the rating does not currently account for aspects such as leadership adaptability or impact measurement, suggesting that while the foundation is financially sound, other qualitative measures of its effectiveness remain unassessed.

Strengths noted in the financial health assessment include a high program expense ratio of nearly 90%, indicating that a significant portion of its funding goes directly to programs. Moreover, the foundation boasts a fully independent board, showcasing strong governance and commitment to maintaining a conflict-free organizational structure. Nevertheless, the absence of certain financial statements and missing documentation related to its tax forms could point to areas for improvement in transparency.

User reviews from GreatNonprofits were not available for this organization, limiting insights from community experiences with the foundation. Generally, potential supporters and stakeholders should view the financial rating positively, while also acknowledging the need for broader evaluations of the foundation's overall impact.


This AI summary has been generated from information found on Charity Navigator.

Is Henrico Education Foundation Inc legitimate?

Henrico Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henrico Education Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $110,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,780,297

For more financial information, click here


Official website here: www.henricogives.org

What is the mission statement of Henrico Education Foundation Inc?

The Henrico Education Foundation Inc's mission is centered around enhancing public education. They aim to accomplish this by promoting innovative programs and initiatives that have the potential to boost student achievement. The foundation's mission is to strengthen educational leaders, prepare students for success in college, careers, and community life, and foster strong communities that positively impact school success. The Henrico Education Foundation serves as a catalyst for innovation within the Henrico County, Virginia, public school system.


Official website here: www.henricogives.org

Who is the CEO of Henrico Education Foundation Inc?

Robin Rowland is the Chair of Henrico Education Foundation Inc. The CEO's salary of Henrico Education Foundation Inc is $106,154 and their total compensation is $110,535.


Official website here: www.henricogives.org

What is the revenue of Henrico Education Foundation Inc?

Henrico Education Foundation Inc's revenue in 2022 was $10,032,205.


Official website here: www.henricogives.org

Who are the executives of Henrico Education Foundation Inc and what are their salaries?

The average compensation at Henrico Education Foundation Inc during 2022 was $12,044. There are 157 employees and 2 volunteers at Henrico Education Foundation Inc.


Here are 21 key members and their salaries (Henrico Education Foundation Inc's CEO's salary is $106,154 and their total compensation is $110,535):


Gerald Britt (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Poates (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Delphine Hartsel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Nomberg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Delandro (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade T Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Berlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Bickmeier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Coplan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cedric Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Halsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rajbans Joshi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Lamb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrice Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mccullough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Mengedoth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Pearson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Savon Sampson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Tidewell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Taylor (Chief Executive Officer)
  • Compensation: $106,154
  • Related: $0
  • Other: $4,381


Official website here: www.henricogives.org

Where can I find the form 990 for Henrico Education Foundation Inc?

Henrico Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.henricogives.org

Learn more at the official website: www.henricogives.org

Mission Statement of Henrico Education Foundation Inc

Henrico Education Foundation, a nonprofit organization, is committed to enhancing public education by promoting innovative programs and initiatives aimed at boosting student achievement. The mission of this foundation is to fortify the educational system by introducing forward-thinking initiatives that can positively impact the learning experience of pre-K-12 students. By doing so, the foundation aims to prepare these students for success in higher education, careers, and community life.

Furthermore, Henrico Education Foundation plays a crucial role in strengthening educational leaders, fostering strong communities that contribute to school success, and serving as a catalyst for innovation within the Henrico County, Virginia, public schools. The organization's work is geared towards equipping future generations with the necessary tools to thrive in a rapidly changing world.

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Impact




July, 2024

Henrico Education Foundation Inc's impact can be seen in the significant strides it has made towards strengthening public education in Henrico County, Virginia. The foundation is dedicated to advancing innovative programs and initiatives aimed at improving student achievement. By preparing Pre-K-12 students for success in college, career, and community, the foundation plays a crucial role in shaping the future of these young individuals.

Moreover, Henrico Education Foundation works to strengthen educational leaders, develop strong communities that positively impact school success, and serve as a catalyst for innovation within the public school system. Through its various initiatives and programs, HEF is actively contributing to the enhancement of both the educational landscape and the overall community in Henrico County.

In summary, Henrico Education Foundation Inc's impact can be characterized by its commitment to fostering academic excellence, supporting educational leaders, building strong communities, and driving innovation within the public school system of Henrico County, Virginia.




This information is meant to be a general summary of Henrico Education Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$10,032,205 (2022)
Expenses
$8,531,271 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19,413
  • Program Service Revenue: $781,980
  • Gross Receipts: $10,105,201

Assets and Liabilities:

  • Total Assets: $3,251,302
  • Total Liabilities: $210,136
  • Net Assets: $3,041,166

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LEARNING & DISCOVERY PROGRAM

Revenue

$781,980

Organization Details

Founding Year

1993

Principal Officer

Robin Rowland

Main Address

PO BOX 31413, HENRICO, VA, 23294

NTEE Category

Code: B82 - Education

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