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Nonprofit · EIN 45-2997389

POWHATAN EDUCATION FOUNDATION

Tax-exempt · POWHATAN, VA 23139

Financials

$452K$483K2023
Revenue Expenses · by fiscal year end
Financials of POWHATAN EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$451,618$483,475-$31,857$135,675$0$135,675
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$447,509
Program service revenue
$0
Investment income
$459
Net income from fundraising events
$3,650
Other revenue
$3,650

Expenses

Grants and similar amounts paid
$479,836
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,000
Program services (functional)
$479,836
Management and general (functional)
$3,639

Balance sheet and other

Total assets, start of year
$166,533
Total assets, end of year
$135,675
Total liabilities, end of year
$0
Net assets, end of year
$135,675
Gross receipts
$451,743
Employees
0
Year formed
2011
State of legal domicile
VA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
Frank RennieDirector
Trustee or director
1$0
Jamey EppsVice President
Trustee or director, Officer
3$0
Kathy GrastyTreasurer
Trustee or director, Officer
3$0
Conway BlankenshipDirector
Trustee or director, Officer
1$0
Beth Teigen - Non VotingBoard Member
Trustee or director
1$0
Lynn Clayton Prince - Non VoteBoard Member
Trustee or director
1$0
Holly SmithPresident
Trustee or director, Officer
5$0
Dale GoodmanDirector
Trustee or director
1$0
Kris GwaltneySecretary
Trustee or director, Officer
1$0
Rick ColeDirector
Trustee or director
1$0
Sara HuatoriDirector
Trustee or director
1$0
Shelley ShustDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 552, POWHATAN, VA 23139-0552
In care of
% ROGER RICHARDSON
Mailing address (990-N for 2015)
2320 Skaggs Road, Powhatan VA 23139
Principal officer (990 for 2023)
Kathy Grasty, P O Box 552, Powhatan, VA 23139
Principal officer (990-N for 2015)
Carolyn White, 2320 Skaggs Road, Powhatan VA 23139
Signed the 990
Kathy Grasty, Treasurer
Phone
(804) 514-9856
Return prepared by
Ragland & Associates LLC

Mission

To provide a means for contributions and application for grants to help supplementfunds for instructional materials, equipment, and all types of resources to enhanceeducation for all levels of the Powhatan County Public Schools.

990 for the year ended June 30, 2024

Program accomplishments

  • Curtis Foundation grants are made to provide $1,000 to each Powhatan County Schoolteacher, librarian and counselor, to spend on their classroom or students in thecoming year. Recipients must turn in receipts to their school as they utilize thegrant money. Additionally, they provide written explanations of specific projects or notable expenditures, which the school delivers to the Curtis Foundation and toPowhatan Education Foundation. Total amount distributed $ 341,000.
    Expenses $341,000 · grants $341,000 · revenue $341,000
  • The Foundation issued $ 120,890 in scholarships to Powhatan High School students andrecent Powhatan High School graduates, based on application criteria determined bythe Powhatan High School Scholarship Committee.
    Expenses $120,890 · grants $120,890 · revenue $70,000
  • The Foundation issued $16,146 in Classroom Innovation Grants. The purpose of theClassroom Innovation Grants is to promote innovative education opportunities byfunding individual or groups of Powhatan School teachers, librarians, and counselorswho submit a proposal for projects that use innovation and collaboration to achievethe County's curricular goals and to enhance the learning experience for PowhatanStudents.
    Expenses $16,146 · grants $16,146

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
45-2997389
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2012
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$135,675
Income (IRS master file)
$451,743

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$451,618$483,475$135,675XML
990June 2023$529,894$465,854$166,533IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990-EZJune 2019–––IRS
990-EZJune 2018–––IRS
990-N for 2015
Officer: Carolyn White
June 30, 2016≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2997389).

Questions about POWHATAN EDUCATION FOUNDATION

What is the EIN of POWHATAN EDUCATION FOUNDATION?
The employer identification number (EIN) of POWHATAN EDUCATION FOUNDATION is 45-2997389.
Is POWHATAN EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to POWHATAN EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does POWHATAN EDUCATION FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of POWHATAN EDUCATION FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did POWHATAN EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of POWHATAN EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2024 names Kathy Grasty.
Who are the officers and directors of POWHATAN EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does POWHATAN EDUCATION FOUNDATION have?
On its 990 for the year ended June 30, 2024 it reported revenue of $451,618, expenses of $483,475 and total assets of $135,675 at year end.

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