2024-05-14T12:51:39-05:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 810 SOUTHPARK BLVD 2ND FLOOR COLONIAL HEIGHTS VA 23834 990 2023-05-02 924023942 THE ENDOWMENT PROJECT EDUCATION FOUNDATION ENDO 8045009862 1717 E CARY STREET RICHMOND VA 23223 JAY RIPLEY TREASURER 8045009862 2024-05-14 1 JAY RIPLEY 999009999 1 M JAMES HARTSON JR CPA P00590214 8047335566 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z X JAY RIPLEY 1717 E CARY STREET RICHMOND VA 23223 361567 0 X WWW.TEPF.ORG X 2023 VA THE ENDOWMENT PROJECT EDUCATON FOUNDATION IS CLOSING THE FUNDING GAP BETWEEN PUBLIC AND PRIVATE EDUCATION IN AMERICA BY BUILDING A CULTURE OF DIRECT, FOCUSED, AND IMPACTFUL PHILANTHROPY DESIGNED TO SUPPORT SCHOOL-LEVEL AND SYSTEMIC PUBLIC EDUCATION NEEDS. 6 6 1 6 0 0 361382 0 185 0 361567 51273 0 31738 31913 35136 59574 174498 187069 227300 40231 187069 NONE 0 0 60941 51273 THE FOUNDATION SECURES FUNDING FOR PUBLIC HIGH SCHOOL SUPPORT AND DEPLOY THOSE FUNDS IN ACCORDANCE WITH DONOR INSTRUCTIONS, WHEN APPROPRIATE, AND THROUGH GRANTMAKING TO SCHOOLS. IN MAY OF 2023, THE FOUNDATION LAUNCHED 12 PILOT SCHOOLS IN THE RICHMOND-METRO AREA. WORKING WITH ALUMNI AND COMMUNITY SUPPORTERS, TEPF WAS ABLE TO SECURE A TOTAL OF $361,382 IN CONTRIBUTED INCOME; $255,633 SPECIFICALLY FOR USE TO SUPPORT SCHOOL NEEDS. IN 2023, TEPF DEPLOYED MORE THAN $51,000 DIRECTLY TO SUPPORT SCHOOL PROJECTS INCLUDING THE INSTALLATION OF 20 SMARTBOARDS, COLLEGE SCHOLARSHIPS FOR FIRST-GENERATION STUDENTS, TEACHER PROFESSIONAL DEVELOPMENT FUNDING, STUDENT SUPPORT PROGRAMS, AND AN EXPERIENTIAL LEARNING TRIP FOR STUDENTS TO WASHINGTON, DC. 60941 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 1 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X RACHEL BIUNDO 8045009862 1717 E CARY STREET RICHMOND VA 23223 DR DANNY AVULA MEMBER 0.50 X 0 0 0 BILL HOFFMAN CHAIR 1.00 X X 0 0 0 JOHN KECHRIOTIS MEMBER 0.50 X 0 0 0 JAY RIPLEY TREASURER 0.50 X X 0 0 0 GERARD ROBINSON SECRETARY 0.50 X X 0 0 0 PAMELA KIECKER ROYALL PHD MEMBER 0.50 X 0 0 0 RACHEL BIUNDO EXECUTIVE DIRECTOR 40.00 X 26219 0 3050 26219 0 3050 0 0 0 0 0 361382 9298 361382 185 185 361567 0 0 185 X 51273 51273 26480 7944 15889 2647 3050 915 1829 306 2208 662 1325 221 43045 43045 5200 5200 31913 31913 2660 147 2464 49 2764 2764 2700 2700 1786 1786 93 93 1326 1326 174498 60941 78421 35136 225928 352 1113 93 0 1020 0 227300 40231 0 40231 X 14617 172452 0 187069 0 227300 187069 0 X 1 X 0 0 0 X 361382 361382 361382 361382 218713 142669 185 185 361567 X PART II, SHORT YEAR EXPLANATION: FOUNDATION WAS FOUNDED IN 2023, SHORT YEAR FOR 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1113 93 1020 1020 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AT DECEMBER 31, 2023. THE FOUNDATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN ADMINISTRATIVE EXPENSES, IF APPLICABLE. THE FOUNDATION DID NOT INCUR ANY PENALTIES OR INTEREST EXPENSE FOR THE YEAR ENDED DECEMBER 31, 2023. X X X X X 1 THE ENDOWMENT PROJECT 1717 E CARY ST RICHMOND VA 23223 PROFESSIONAL FUNDRAISING SERVICES 0 352095 31913 320182 352095 31913 320182 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN UT VT VA WA WV WI WY 1 DOUGLAS S FREEMAN HIGH SCHOOL 8701 THREE CHOPT ROAD RICHMOND VA 23229 546001334 115 40000 0 SCHOLARSHIP ($5,000), TEACHER DEVELOPMENT ($20,000), MULTI-LINGUAL PARENT LIASON ($15,000) ARMSTRONG HIGH SCHOOL 2300 COOL LANE ROAD RICHMOND VA 23223 541689909 115 6600 0 RICHMOND PUBLIC SCHOOL FUND FOR TEACHER EXCELLANCE 2 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION CONTRACTS WITH ITS SELECTED CERTIFIED PUBLIC ACCOUNTING FIRM TO PREPARE THE ANNUAL FORM 990 WITH THE ASSISTANCE OF THE CONTRACT ACCOUNTANT. THE FIRM WILL PROVIDE THE FORM 990 TO MANAGEMENT FOR REVIEW AND COMMENT. FINALLY, MANAGEMENT PROVIDES THE FORM 990 TO THE BOARD PRESIDENT AND TREASURER FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT THE FOUNDATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART IX - LINE 25(C) ORGANIZATIONAL STARTUP: IN 2023, TEPF INCURRED A TOTAL OF $46,296 IN START-UP EXPENSES. THESE FIRST-YEAR EXPENSES REPRESENT MORE THAN HALF OF THE $91,216 IN MANAGEMENT & GENERAL EXPENSES FOR THE YEAR. THESE ONE-TIME EXPENSES WERE FUNDED BY DONORS WHO WISHED TO SUPPORT THE LAUNCH OF THE NONPROFIT ORGANIZATION AND INCLUDED LEGAL AND WEBSITE DEVELOPMENT ACTIVITIES. LEGAL FEES INCURRED INCLUDE THOSE RELATED TO ESTABLISHING THE FOUNDATION AS A 501 (C)(3) ORGANIZATION UNDER THE INTERNAL REVENUE SERVICE. SERVICES INCLUDED DRAFTING ARTICLES OF INCORPORATION AND BYLAWS AND REGISTERING THE ORGANIZATION AS WELL AS ADVISING ON ORGANIZATION STRUCTURE AND RELATIONSHIPS. IN ADDITION, THE TEPF BOARD ENGAGED COUNSEL TO ADVISE AND REPRESENT IT IN THE NEGOTIATION OF THE MASTER SERVICES AGREEMENT AND LICENSING AGREEMENT WITH THE ENDOWMENT PROJECT, THE FOUNDATION'S FUNDRAISING AND TECHNOLOGY VENDOR. WEBSITE SERVICES INCLUDED BUILDING THE FOUNDATION'S WEBSITE.