2025-07-30T09:21:26-05:00 2024-12-31 540504608 BROWN EDWARDS & COMPANY LLP 810 SOUTHPARK BLVD 2ND FLOOR COLONIAL HEIGHTS VA 23834 990 2024-01-01 924023942 THE ENDOWMENT PROJECT EDUCATION FOUNDATION ENDO 8045009862 1717 E CARY STREET RICHMOND VA 23223 ALLEN SOONG TREASURER 3107201326 2025-06-09 1 1 M JAMES HARTSON JR CPA P00590214 8047335566 2024 2025-03-06 01:10:19Z ALLEN SOONG 1717 E CARY STREET RICHMOND VA 23223 1032648 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. 7 7 3 7 0 0 361382 1027313 0 0 185 2357 0 0 361567 1029670 51273 210475 0 0 31738 140550 30249 78325 93619 61238 113804 174498 543154 187069 486516 227300 706615 40231 33030 187069 673585 X NONE 0 0 358402 210475 IN 2024, THE ENDOWMENT PROJECT FOUNDATION RAISED FUNDS FOR OVER 100 PUBLIC HIGH SCHOOLS ACROSS VIRGINIA. THE FOUNDATION SECURES FUNDING FOR PUBLIC HIGH SCHOOL SUPPORT AND AWARDS THOSE FUNDS IN ACCORDANCE WITH DONOR INSTRUCTIONS AND DEMONSTRATED SCHOOL NEEDS. WORKING IN PARTNERSHIP WITH ALUMNI AND COMMUNITY SUPPORTERS, TEPF SECURED NEARLY $750K IN CONTRIBUTED INCOME, INCLUDING NEARLY $450K SPECIFICALLY DESIGNATED TO SUPPORT SCHOOL NEEDS. IN 2024, TEPF AWARDED OVER $200K DIRECTLY TO SUPPORT SCHOOL PROJECTS, INCLUDING THE RENOVATION OF A CONCESSIONS STAND, REVITALIZATION OF A THEATER PROGRAM, COLLEGE SCHOLARSHIPS FOR FIRST-GENERATION STUDENTS, TEACHER PROFESSIONAL DEVELOPMENT FUNDING, AND TEACHER AND STAFF APPRECIATION AWARDS. TEPF ALSO LAUNCHED THE FIRST-OF-ITS-KIND ALUMNI-FUNDED TITLE-1 UNRESTRICTED ENDOWMENT. 358402 1 1 0 0 0 0 0 0 0 0 0 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 7 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MICHAEL BOR 8045009862 1717 E CARY STREET RICHMOND VA 23223 DR DANNY AVULA MEMBER 1.00 X 0 0 0 EMILY WEINSTEIN CHAIRPERSON 1.00 X X 0 0 0 JOHN KECHRIOTIS MEMBER 1.00 X 0 0 0 ALLEN SOONG TREASURER 1.00 X X 0 0 0 GERARD ROBINSON SECRETARY 1.00 X X 0 0 0 PAMELA KIECKER ROYALL PHD MEMBER 1.00 X 0 0 0 STEPHANIE KIRKSEY MEMBER 1.00 X 0 0 0 DANNY STERLING EXECUTIVE DIRECTOR 30.00 X 2540 0 0 RACHEL BIUNDO FORMER EXECUTIVE DIRECTOR 40.00 X 48803 0 6930 LEIGH ANN BOLAND FORMER EXECUTIVE DIRECTOR 40.00 X 72483 0 0 123826 0 6930 0 0 0 0 0 1027313 4900 1027313 3306 3306 2029 1958 1020 71 -1020 -949 -949 1029670 0 0 2357 X 210475 210475 131280 78768 45948 6564 9270 5562 3245 463 17967 10780 6288 899 63028 37817 22060 3151 78325 78325 6080 335 2751 2994 11110 6666 3888 556 10391 6235 3636 520 2939 1764 1028 147 2289 2289 543154 358402 91133 93619 225928 207907 205284 282251 352 6273 0 1020 4900 227300 706615 40231 33030 40231 33030 X 14617 60651 172452 612934 187069 673585 227300 706615 486516 0 X 1 X 0 0 0 X 361382 1027313 1388695 361382 1027313 1388695 499052 889643 185 3306 3491 1392186 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42151 347 42498 0.99180 0.00820 0 0 0 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, 2024 AND 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 YEARS ENDED DECEMBER 31, 2024 AND 2023. X X X X X 1 THE ENDOWMENT PROJECT 1717 E CARY ST RICHMOND VA 23223 PROFESSIONAL FUNDRAISING SERVICES 0 1027313 78325 948988 1027313 78325 948988 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 75626 0 TEACHER APPRECIATION ($5,598), WE THE PEOPLE STUDENT TRIP ($2,150), FLEX SPACE FURNITURE ($15,000), PICNIC TABLES ($2,190), ADMINSTRATIVE GIFTS ($500), ATHLETIC PROGRAM AND FC FREEMAN PROJECT ($12,000), STIPENDS FOR ASSISTANT COACHES ($5,000), PROFESSIONAL DEVELOPMENT PROGRAMING FOR TEACHERS AND STAFF ($5,000), FREEMAN CONCESSION STAND ($25,000), HUDL CAMERA INSTALLATION ($3,188). ARMSTRONG HIGH SCHOOL 2300 COOL LANE ROAD RICHMOND VA 23223 541689909 115 39332 0 RICHMOND PUBLIC SCHOOL FUND FOR TEACHER EXCELLANCE FAIRFIELD COURT ELEMENTARY SCHOOL 2510 PHAUP ST RICHMOND VA 23223 541804146 115 26981 0 SMARTBOARDS AND INSTALLATION ($21,620), LAKESHORE LEARNING ($5,361) FLUVANNA HIGH SCHOOL 1918 THOMAS JEFFERSON PKWY PALMYRA VA 22963 546025086 115 12500 0 GRANT FOR SCORE BOARD GLEN ALLEN HIUGH SCHOOL 10700 STAPLES MILL RD GLEN ALLEN VA 23060 546001344 115 5159 0 WE THE PEOPLE STUDENT TRIP ($3,589), GRANT FOR SCHOOL ($1,570) JOHN MARSHALL HIGH SCHOOL 4225 OLD BROOK RD RICHMOND VA 23227 541804146 115 6369 0 STUDENT TRIPS ($5,369), BEAUTIFICATION GRANT ($1,000) OPEN HIGH SCHOOL 600 S PINE ST RICHMOND VA 23220 541804146 115 10420 0 BIOPHILLIC PROJECT PLANTS AND INSTALLATION RICHMOND HIGH SCHOOL FOR THE ARTS 4314 CRUTCHFIELD ST RICHMOND VA 23225 541804146 115 10000 0 EDRISING-PDK INTERNATIONAL 8 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 25C DURING 2024, THE FOUNDATION EXPERIENCED ITS FIRST FULL OPERATIONAL YEAR. A SIGNIFICANT PORTION OF THE ADMINISTRATIVE EXPENSES INCURRED DURING THIS PERIOD WAS DIRECTLY COVERED BY TARGETED DONATIONS FROM A LIMITED NUMBER OF KEY SUPPORTERS. THESE CONTRIBUTIONS WERE SPECIFICALLY EARMARKED TO OFFSET FOUNDATIONAL STARTUP AND OPERATIONAL COSTS, ENABLING THE FOUNDATION TO MAINTAIN A LEAN ADMINISTRATIVE BUDGET WHILE ENSURING EFFICIENT ORGANIZATIONAL MANAGEMENT AND EFFECTIVE DEPLOYMENT OF RESOURCES. THE FOUNDATION PRIORITIZES TRANSPARENCY AND EFFICIENCY IN ALL OPERATIONS. IT CAREFULLY MONITORS ADMINISTRATIVE EXPENDITURES, LEVERAGING DEDICATED SUPPORT TO MAXIMIZE THE PROPORTION OF DONATIONS DIRECTLY IMPACTING ITS CHARITABLE PROGRAMS. THE RELATIVELY HIGHER ADMINISTRATIVE EXPENSES RECORDED DURING THIS INAUGURAL FULL OPERATIONAL YEAR REFLECT ESSENTIAL, NON-RECURRING STARTUP ACTIVITIES, INCLUDING ESTABLISHING NECESSARY ORGANIZATIONAL INFRASTRUCTURE, INTERNAL SYSTEMS, COMPLIANCE MECHANISMS, AND DONOR MANAGEMENT PLATFORMS. MOVING FORWARD, AS THESE FOUNDATIONAL ELEMENTS STABILIZE, THE FOUNDATION EXPECTS TO ACHIEVE A MORE FAVORABLE AND SUSTAINABLE RATIO OF ADMINISTRATIVE TO PROGRAMMATIC EXPENSES. THIS TRAJECTORY UNDERSCORES THE ORGANIZATION'S COMMITMENT TO OPERATIONAL EFFICIENCY AND ITS PRIMARY MISSION OF IMPACTFUL PHILANTHROPY IN EDUCATION. THE FOUNDATION REMAINS COMMITTED TO RIGOROUS FISCAL OVERSIGHT, AIMING TO ENSURE THAT DONOR CONTRIBUTIONS ARE LEVERAGED TO DELIVER MAXIMUM BENEFIT TO THE SUPPORTED COMMUNITIES AND EDUCATIONAL INITIATIVES.