Nonprofit · EIN 92-4023942
ENDOWMENT PROJECT EDUCATION FOUNDATION
Tax-exempt · RICHMOND, VA 23223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,029,670 | $543,154 | $486,516 | $706,615 | $33,030 | $673,585 |
| December 31, 2023 | 990 | $361,567 | $174,498 | $187,069 | $227,300 | $40,231 | $187,069 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,027,313
- Program service revenue
- $0
- Investment income
- $2,357
- Net gain from sales of assets
- -$949
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $210,475
- Compensation of officers, directors and key employees
- $131,280
- Salaries, compensation and benefits (total)
- $140,550
- Professional fundraising fees
- $78,325
- Legal fees
- $17,967
- Accounting fees
- $63,028
- Occupancy
- $10,391
- Travel
- $2,939
- Program services (functional)
- $358,402
- Management and general (functional)
- $91,133
- Fundraising (functional)
- $93,619
Balance sheet and other
- Total assets, start of year
- $227,300
- Total assets, end of year
- $706,615
- Total liabilities, end of year
- $33,030
- Net assets, end of year
- $673,585
- Net assets without donor restrictions
- $60,651
- Net assets with donor restrictions
- $612,934
- Gross receipts
- $1,032,648
- Employees
- 3
- Volunteers
- 7
- Year formed
- 2023
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEIGH ANN BOLAND | FORMER EXECUTIVE DIRECTOR Officer | 40 | $72,483 | $0 |
| RACHEL BIUNDO | FORMER EXECUTIVE DIRECTOR Officer | 40 | $48,803 | $6,930 |
| DANNY STERLING | EXECUTIVE DIRECTOR Officer | 30 | $2,540 | $0 |
| DR DANNY AVULA | MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY WEINSTEIN | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JOHN KECHRIOTIS | MEMBER Trustee or director | 1 | $0 | $0 |
| ALLEN SOONG | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GERARD ROBINSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PAMELA KIECKER ROYALL PHD | MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE KIRKSEY | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL BIUNDO | EXECUTIVE DIRECTOR Officer | 40 | $26,219 | $3,050 |
| DR DANNY AVULA | MEMBER Trustee or director | 0.5 | $0 | $0 |
| BILL HOFFMAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN KECHRIOTIS | MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAY RIPLEY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| GERARD ROBINSON | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| PAMELA KIECKER ROYALL PHD | MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1717 E CARY ST, RICHMOND, VA 23223-6935
- Principal officer (990 for 2024)
- ALLEN SOONG, 1717 E CARY STREET, RICHMOND, VA 23223
- Signed the 990
- ALLEN SOONG, TREASURER
- Phone
- (804) 500-9862
- Website
- WWW.TEPF.ORG
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
NONE
Program accomplishments
- 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.Expenses $358,402 · grants $210,475
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-4023942
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $706,615
- Income (IRS master file)
- $1,032,648
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,029,670 | $543,154 | $706,615 | XML |
| 990 | December 2023 | $361,567 | $174,498 | $227,300 | XML |
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 92-4023942).
Questions about ENDOWMENT PROJECT EDUCATION FOUNDATION
- What is the EIN of ENDOWMENT PROJECT EDUCATION FOUNDATION?
- The employer identification number (EIN) of ENDOWMENT PROJECT EDUCATION FOUNDATION is 92-4023942.
- Is ENDOWMENT PROJECT EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to ENDOWMENT PROJECT EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ENDOWMENT PROJECT 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 ENDOWMENT PROJECT EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ENDOWMENT PROJECT EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ENDOWMENT PROJECT EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names ALLEN SOONG.
- Who are the officers and directors of ENDOWMENT PROJECT EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $72,483 (LEIGH ANN BOLAND, FORMER EXECUTIVE DIRECTOR).
- How much revenue does ENDOWMENT PROJECT EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,029,670, expenses of $543,154 and total assets of $706,615 at year end.
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