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Nonprofit · EIN 54-1053329

FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC

Also known as MORRISON SCHOOL

Tax-exempt · BRISTOL, VA 24201

Financials

$1.4M$1.3M2023$1.7M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990$1,713,771$1,439,344$274,427$5,879,594$171,084$5,708,510
July 31, 2024990$1,352,186$1,274,488$77,698$5,593,109$159,647$5,433,462
Financial details: 990 for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$940,166
Program service revenue
$681,726
Investment income
$84,829
Other revenue
$7,050

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$118,661
Other salaries and wages
$743,858
Salaries, compensation and benefits (total)
$952,286
Professional fundraising fees
$0
Accounting fees
$48,078
Depreciation
$80,430
Program services (functional)
$1,439,344

Balance sheet and other

Total assets, start of year
$5,593,109
Total assets, end of year
$5,879,594
Total liabilities, end of year
$171,084
Net assets, end of year
$5,708,510
Land, buildings and equipment
$3,306,043
Net assets without donor restrictions
$5,693,233
Net assets with donor restrictions
$15,277
Gross receipts
$1,713,771
Employees
22
Year formed
2008
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 July 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JAMI VERDEROSAHEAD OF SCHO
Institutional trustee
40$118,661
TAMMY BEACHHEAD OF SCHO
Trustee or director
–$0
BOBBY BLEVINSDIRECTOR
Trustee or director
–$0
NANCY COOKCHAIRMAN
Trustee or director
–$0
THOMAS DORETYVICE-CHAIRMA
Trustee or director
–$0
JOAN GREGORYDIRECTOR
Trustee or director
–$0
BARBARA OVERBAYDIRECTOR
Trustee or director
–$0
MARK OVERBAYDIRECTOR
Trustee or director
–$0
WHITNEY PENNINGTONDIRECTOR
Trustee or director
–$0
DENISE STANLEYDIRECTOR
Trustee or director
–$0
VALERIE STANTONDIRECTOR
Trustee or director
–$0
FREDDY SULLIVANTREASURER
Trustee or director
–$0
CONNIE THOMASDIRECTOR
Trustee or director
–$0
990 for the year ended July 31, 2024: 13 people
NameTitleHours / weekCompensation
JIM ARRINGTONDIRECTOR
Trustee or director
–$0
BOBBY BLEVINSDIRECTOR
Trustee or director
–$0
NANCY COOKCHAIRMAN
Trustee or director
–$0
THOMAS DORETYDIRECTOR
Trustee or director
–$0
SHERRY JOHNSONDIRECTOR
Trustee or director
–$0
JOANN MELGARDIRECTOR
Trustee or director
–$0
DENISE STANLEYDIRECTOR
Trustee or director
–$0
VALERIE STANTONDIRECTOR
Trustee or director
–$0
BARBARA STREETDIRECTOR
Trustee or director
–$0
FREDDY SULLIVANTREASURER
Trustee or director
–$0
CONNIE THOMASVICE-CHAIRMA
Trustee or director
–$0
TERESA YOUNGDIRECTOR
Trustee or director
–$0
JAMI VERDEROSAHEAD OF SCHO
Institutional trustee
–$0

Address and contacts

Address (IRS master file)
400 EDGEWOOD LN, BRISTOL, VA 24201-4884
In care of
% MORRISON SCHOOL
Principal officer (990 for 2024)
TAMMY BEACH
Signed the 990
TAMMY BEACH, HEAD OF SCHOOL
Phone
(276) 669-2823
Return prepared by
PROFFITT & ASSOCIATES

Mission

DURING THE YEAR, STUDENTS WITH LEARNING DIABILITIES WERE GIVEN SPECIALIZED EDUCATIONAL OPPORTUNITIES AND TEST TO HELP THEM TO RETURN TO AND PERFORM WELL IN PUBLIC EDUCATIONAL SYSTEMS.

990 for the year ended July 31, 2025

Program accomplishments

  • PROVIDE SPECIALIZED EDUCATIONAL OPPORTUNITIES AND TESTS TO STUDENTS WITH LEARNING DISABILITIES TO HELP THEM RETURN TO AND PERFORM WELL IN PUBLIC EDUCATIONAL SYSTEMS.
    Expenses $1,439,344 · revenue $1,713,771

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 July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990 on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
54-1053329
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1979
Accounting year ends
July
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B280)
Assets (IRS master file)
$5,879,594
Income (IRS master file)
$1,713,771

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2025$1,713,771$1,439,344$5,879,594XML
990July 2024$1,352,186$1,274,488$5,593,109XML
990July 2023$1,520,982$1,129,771$5,610,414IRS
990July 2022–––IRS
990July 2021–––IRS
990July 2019–––IRS

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 54-1053329).

Questions about FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC

What is the EIN of FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC?
The employer identification number (EIN) of FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC is 54-1053329.
Is FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC 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 FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2025.
Who is the principal officer of FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC?
The 990 for the year ended July 31, 2025 names TAMMY BEACH.
Who are the officers and directors of FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC?
The 990 for the year ended July 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $118,661 (JAMI VERDEROSA, HEAD OF SCHO).
How much revenue does FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC have?
On its 990 for the year ended July 31, 2025 it reported revenue of $1,713,771, expenses of $1,439,344 and total assets of $5,879,594 at year end.

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