Harford County Education Foundation

INVEST. INSPIRE. ACHIEVE.

Bel Air, MD | www.harfordeducation.org

GuideStar Charity Check

EIN: 20-2060496

Contributions tax deductible
as of September 2024

IRS BMF 509(a)(1)
as of September 09, 2024

View summary

Charity Check report

Mission

Harford County Education Foundation invests in the success of our students by removing barriers to learning and empowering every child with the opportunity to achieve academic and personal success.

Ruling year info

2005

President

Debora Gavin Merlock

Main address

260 Gateway Drive, Suite 21A

Bel Air, MD 21014 USA

Show more contact info

EIN

20-2060496

Subject area info

Elementary and secondary education

Youth services

Population served info

Children and youth

At-risk youth

Economically disadvantaged people

NTEE code info

Fund Raising and/or Fund Distribution (B12)

Youth Development Programs (O50)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

SOURCE: Self-reported by organization

Harford County Education Foundation ensures equity in learning for all students. We believe that every child should have the tools they need to participate in high quality learning. Harford County Education Foundation identifies the unique challenges faced by individual students or by populations of students and provides additional supports to help them overcome those barriers. Providing education equity enables all children to achieve equal success.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

School and Classroom Innovation Grants

Creativity in the classroom is good for our students. Harford County Education Foundation's School and Classroom Enrichment program provides funding opportunities for educators to create innovative and exciting educational programs or projects for their students to enrich the educational experience.

Population(s) Served

Children and youth

School Supplies and Resources

A brick and mortar store where teachers can shop for free to obtain the needed classroom supplies and materials for their classroom and their students in need.

Population(s) Served

Children and youth

TECH Tools

Providing digital devices to students in need to support in school and at home learning.

Population(s) Served

Children and youth

Early Childhood Literacy and School Readiness

Early childhood development and school readiness program to support a literacy and learning-rich home environment. Research tells us that the first three years of life are critical for a child’s brain development. The program supports this critical period and provides resources and support to build essential school readiness skills.

Involving parents and caregivers long before a child starts school considerably increases a child’s ability to learn, builds strong self-esteem, and contributes to a child’s lifelong success.

Population(s) Served

Economically disadvantaged people

Infants and toddlers

Scholarships

Supporting post secondary education for students.

Population(s) Served

Children and youth

Teacher Recognition & Support

Everyday Heroes is a teacher recognition program that pays tribute to outstanding educators who promote exemplary dedication to the education of children and youth.

Population(s) Served

Children and youth

At-risk youth

Children and youth

At-risk youth

Where we work

Affiliations & memberships

National Assocation of Education Foundations - Member 2007

Harford County Chamber of Commerce 2022

Photos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of students served through program resources

Totals By Year

Population(s) Served

Children and youth, Economically disadvantaged people

Related Program

Early Childhood Literacy and School Readiness

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Providing students with access to curated, skill based reading materials to maintain and enhance literacy skills during the summer months when children tend to lose learned skills.

Number of students provided access to technology at home

Totals By Year

Population(s) Served

At-risk youth, Economically disadvantaged people

Related Program

TECH Tools

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

TECH Tools provides digital resources through a Digital Lending Hub to use at home to complete learning assignments. 2020 reflects the distribution of laptops and Internet in the home.

Number of teachers served through program resources

Totals By Year

Population(s) Served

Children and youth, At-risk youth, Economically disadvantaged people

Related Program

School Supplies and Resources

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Tools for Schools Resource Center provides free school supplies to teachers for their students. Due to the 2020 pandemic, teachers were teaching from home with limited access to the resource center.

Number of classrooms served through program resources

Totals By Year

Population(s) Served

Related Program

School and Classroom Innovation Grants

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of innovative classroom and enrichment projects funded.

Number of children who received school supplies

Totals By Year

Population(s) Served

Children and youth, At-risk youth, Economically disadvantaged people

Related Program

School Supplies and Resources

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Providing critical learning materials so all children can participate in high quality instruction.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Reports and documents

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

GOAL 1: To enhance academic excellence of all students.

GOAL 2: To provide educational and social resources to build support for students at risk for success in school and in life.
GOAL 3: To encourage community and business involvement in student success in a positive and supportive manner.

What are the organization's key strategies for making this happen?

Harford County Education Foundation
2020-2021Strategic Goals and Objectives

Board Development

Goal Area 1: Evaluate board composition and leadership

Strategic Objectives:
• Implement a board analysis to determine board assets based on skill and social capacity
• Assess the ongoing health and effectiveness of the board and make necessary changes
• Identify potential board members who can contribute effectively to board governance and the financial stability of the organization
• Implement a board leadership succession plan

Image

Goal Area 2: Develop and implement an effective communication plan that achieves awareness, recognition, and support of the Greater Excellence in Education Foundation throughout the community.

Strategic Objectives:
• Identify appropriate channel to outsource strategic communication to foundation stakeholders
• Develop communication plan
• Identify messaging strategy for each audience
• Identify and target marketing opportunities for the foundation
• Evaluate current marketing materials

Fund Development

Goal Area 3: Establish a sustainable funding base by having better community relations, reaching our financial goals while fulfilling operational and programmatic objectives, and by maintaining a focus on the annual budget.

Strategic Objectives:
• Create fund development plan to achieve the funding goals of the foundation
• Build realistic budget and utilize multiple funding strategies
• Reach funding goals
• Create an endowment for reliable source of income in perpetuity the organization can count on for annual distributions for its charitable work

What are the organization's capabilities for doing this?

Board members, Executive Director and Stakeholders have:
• Passion for education
• Family (stakeholder) support
• Breadth of programs
• Mission focused
• Institutional knowledge

What have they accomplished so far and what's next?

The Tools for Schools Resource Center has been established and the community is embracing a centralized donation center for school supplies for students in need. A centralized donation center ensures that all children and classrooms receive the school supplies most needed. Our goal is to provide all students with essential school supplies but have only reached 1/3 of the students.

We are progressing toward proving access to the Internet at home.

Our goal is to build home libraries for all children in need. Studies show children with home libraries are better readers and comprehend at or above grade level.

Increasing opportunity to support teacher excellence providing every child with the highest quality of instruction. The support includes enrichment programs in the classroom and stipends for professional development.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We act on the feedback we receive
What challenges does the organization face when collecting feedback?

It is difficult to get the people we serve to respond to requests for feedback, It is difficult to identify actionable feedback

Financials

Harford County Education Foundation

Fiscal year: Jul 01 - Jun 30

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023

SOURCE: IRS Form 990

15.02

Average of 3.58 over 10 years

Months of cash in 2023

SOURCE: IRS Form 990

6.1

Average of 3 over 10 years

Fringe rate in 2023

SOURCE: IRS Form 990

8%

Average of 4% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Harford County Education Foundation

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$56,232
Program Services	$0
Investments	$47
Special Events	$9,048
Sales	$0
Other	$0
Total Revenue	$65,327

Expenses
Grants	$10,699
Salaries & Employee Benefits	$5,000
Professional Fees	$1,880
Occupancy	$6,299
Printing, Publications, Postage, etc.	$1,977
Other Expenses	$31,764
Total Expenses	$57,619
Net Gain/Loss	$7,708

Revenue
Contributions	$57,510
Program Services	$0
Investments	$22
Special Events	$14,713
Sales	$0
Other	$0
Total Revenue	$72,245

Expenses
Grants	$12,191
Salaries & Employee Benefits	$6,070
Professional Fees	$1,200
Occupancy	$5,986
Printing, Publications, Postage, etc.	$2,542
Other Expenses	$36,972
Total Expenses	$64,961
Net Gain/Loss	$7,284

Revenue
Contributions	$97,397
Program Services	$2,812
Investments	$24
Special Events	$1,711
Sales	$0
Other	$0
Total Revenue	$101,944

Expenses
Grants	$21,411
Salaries & Employee Benefits	$20,000
Professional Fees	$1,928
Occupancy	$7,080
Printing, Publications, Postage, etc.	$1,548
Other Expenses	$42,010
Total Expenses	$93,977
Net Gain/Loss	$7,967

Revenue
Contributions	$131,856
Program Services	$0
Investments	$70
Special Events	($3,414)
Sales	$0
Other	$0
Total Revenue	$128,512

Expenses
Grants	$47,165
Salaries & Employee Benefits	$49,400
Professional Fees	$1,200
Occupancy	$7,585
Printing, Publications, Postage, etc.	$1,715
Other Expenses	$11,083
Total Expenses	$118,148
Net Gain/Loss	$10,364

Revenue
Contributions	$175,888
Program Services	$0
Investments	$172
Special Events	($24,221)
Sales	$0
Other	$0
Total Revenue	$151,839

Expenses
Grants	$58,464
Salaries & Employee Benefits	$60,034
Professional Fees	$2,811
Occupancy	$8,660
Printing, Publications, Postage, etc.	$3,831
Other Expenses	$18,472
Total Expenses	$152,272
Net Gain/Loss	($433)

Revenue
Contributions	$182,712
Government Grants	$4,750
Program Services	$0
Investments	$175
Special Events	($18,538)
Sales	$0
Other	$0
Total Revenue	$169,099

Expenses
Program Services	$112,178
Administration	$42,725
Fundraising	$4,684
Total Expenses	$159,587
Net Gain/Loss	$9,512

Functional expenses
Accounting Fees	$1,800
Advertising & Promotion	$228
Information Technology Expenses	$1,365
Insurance Expenses	$2,576
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$184,389
Government Grants	$2,500
Program Services	$0
Investments	$440
Special Events	($4,908)
Sales	$0
Other	$0
Total Revenue	$182,421

Expenses
Program Services	$134,439
Administration	$43,121
Fundraising	$6,493
Total Expenses	$184,053
Net Gain/Loss	($1,632)

Functional expenses
Accounting Fees	$4,390
Advertising & Promotion	$2,073
Information Technology Expenses	$1,479
Insurance Expenses	$712
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$195,155
Government Grants	$22,427
Program Services	$0
Investments	$478
Special Events	$15,355
Sales	$0
Other	$0
Total Revenue	$233,415

Expenses
Program Services	$130,460
Administration	$49,090
Fundraising	$5,567
Total Expenses	$185,117
Net Gain/Loss	$48,298

Functional expenses
Accounting Fees	$3,500
Advertising & Promotion	$2,305
Information Technology Expenses	$1,547
Insurance Expenses	$1,670
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$223,517
Government Grants	$0
Program Services	$0
Investments	$2,529
Special Events	($17,524)
Sales	$0
Other	$0
Total Revenue	$208,522

Expenses
Program Services	$146,633
Administration	$52,630
Fundraising	$1,162
Total Expenses	$200,425
Net Gain/Loss	$8,097

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$2,549
Information Technology Expenses	$0
Insurance Expenses	$1,670
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$254,930
Government Grants	$2,500
Program Services	$0
Investments	$2,625
Special Events	($22,802)
Sales	$0
Other	$2,320
Total Revenue	$239,573

Expenses
Program Services	$154,597
Administration	$48,799
Fundraising	$5,343
Total Expenses	$208,739
Net Gain/Loss	$30,834

Functional expenses
Accounting Fees	$5,100
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$1,704
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Harford County Education Foundation

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jul 01, 2013	Jun 30, 2014	Change
Contributions	$56,232
Cash & Equivalents	$38,096	$46,432	$8,336
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$487	$487
Total Assets	$38,096	$46,919	$8,823

Liabilities	Jul 01, 2013	Jun 30, 2014	Change
Total Liabilities	$3,984	$5,099	$1,115

Fund balance	Jul 01, 2013	Jun 30, 2014	Change
Net Assets	$34,112	$41,820	$7,708

Assets	Jul 01, 2014	Jun 30, 2015	Change
Contributions	$57,510
Cash & Equivalents	$46,432	$54,478	$8,046
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$487	$487	$0
Total Assets	$46,919	$54,965	$8,046

Liabilities	Jul 01, 2014	Jun 30, 2015	Change
Total Liabilities	$5,099	$5,861	$762

Fund balance	Jul 01, 2014	Jun 30, 2015	Change
Net Assets	$41,820	$49,104	$7,284

Assets	Jul 01, 2015	Jun 30, 2016	Change
Contributions	$97,397
Cash & Equivalents	$54,478	$64,399	$9,921
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$487	$487	$0
Total Assets	$54,965	$64,886	$9,921

Liabilities	Jul 01, 2015	Jun 30, 2016	Change
Total Liabilities	$5,861	$7,815	$1,954

Fund balance	Jul 01, 2015	Jun 30, 2016	Change
Net Assets	$49,104	$57,071	$7,967

Assets	Jul 01, 2016	Jun 30, 2017	Change
Contributions	$131,856
Cash & Equivalents	$64,399	$83,087	$18,688
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$487	$487	$0
Total Assets	$64,886	$83,574	$18,688

Liabilities	Jul 01, 2016	Jun 30, 2017	Change
Total Liabilities	$7,815	$16,139	$8,324

Fund balance	Jul 01, 2016	Jun 30, 2017	Change
Net Assets	$57,071	$67,435	$10,364

Assets	Jul 01, 2017	Jun 30, 2018	Change
Contributions	$175,888
Cash & Equivalents	$83,087	$80,223	($2,864)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$487	$487	$0
Total Assets	$83,574	$80,710	($2,864)

Liabilities	Jul 01, 2017	Jun 30, 2018	Change
Total Liabilities	$16,139	$13,708	($2,431)

Fund balance	Jul 01, 2017	Jun 30, 2018	Change
Net Assets	$67,435	$67,002	($433)

Assets	Jul 01, 2018	Jun 30, 2019	Change
Contributions	$182,712
Cash & Equivalents	$80,226	$98,410	$18,184
Accounts Receivable	$0	$275	$275
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$487	$487	$0
Total Assets	$80,713	$99,172	$18,459

Liabilities	Jul 01, 2018	Jun 30, 2019	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$13,195	$13,195
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$13,708	$9,460	($4,248)
Total Liabilities	$13,708	$22,655	$8,947

Fund balance	Jul 01, 2018	Jun 30, 2019	Change
Temporarily Restricted Net Assets	$4,010	$14,410	$10,400
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$4,010	$14,410	$10,400
Unrestricted Net Assets	$62,995	$62,107	($888)
Net Assets	$67,005	$76,517	$9,512

Assets	Jul 01, 2019	Jun 30, 2020	Change
Contributions	$184,389
Cash & Equivalents	$98,410	$108,613	$10,203
Accounts Receivable	$275	$375	$100
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$10,000	$10,000
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$487	$487	$0
Total Assets	$99,172	$119,475	$20,303

Liabilities	Jul 01, 2019	Jun 30, 2020	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$13,195	$19,800	$6,605
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$9,460	$24,790	$15,330
Total Liabilities	$22,655	$44,590	$21,935

Fund balance	Jul 01, 2019	Jun 30, 2020	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$14,410	$5,000	($9,410)
Unrestricted Net Assets	$62,107	$69,885	$7,778
Net Assets	$76,517	$74,885	($1,632)

Assets	Jul 01, 2020	Jun 30, 2021	Change
Contributions	$195,155
Cash & Equivalents	$108,613	$78,907	($29,706)
Accounts Receivable	$375	$375	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$10,000	$61,555	$51,555
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$487	$487	$0
Total Assets	$119,475	$141,324	$21,849

Liabilities	Jul 01, 2020	Jun 30, 2021	Change
Accounts Payable	$0	$1,466	$1,466
Grants Payable	$0	$7,500	$7,500
Deferred Revenue	$19,800	$0	($19,800)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$24,790	$9,175	($15,615)
Total Liabilities	$44,590	$18,141	($26,449)

Fund balance	Jul 01, 2020	Jun 30, 2021	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$5,000	$16,000	$11,000
Unrestricted Net Assets	$69,885	$107,183	$37,298
Net Assets	$74,885	$123,183	$48,298

Assets	Jul 01, 2021	Jun 30, 2022	Change
Contributions	$223,517
Cash & Equivalents	$78,907	$79,782	$875
Accounts Receivable	$375	$1,125	$750
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$61,555	$54,519	($7,036)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$487	$1,237	$750
Total Assets	$141,324	$136,663	($4,661)

Harford County Education Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Harford County Education Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2019	2020	2021	2022	2023
Unrestricted surplus (deficit) before depreciation	-$888	$7,778	$37,298	$5,338	-$1,158
As % of expenses	-0.6%	4.2%	20.1%	2.7%	-0.6%
Unrestricted surplus (deficit) after depreciation	-$888	$7,778	$37,298	$5,338	-$1,158
As % of expenses	-0.6%	4.2%	20.1%	2.7%	-0.6%

Revenue composition
Total revenue (unrestricted & restricted)	$169,099	$182,421	$233,415	$208,522	$239,573
Total revenue, % change over prior year	0.0%	7.9%	28.0%	-10.7%	14.9%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	0.1%	0.2%	0.2%	1.7%	1.1%
Government grants	2.8%	1.4%	9.6%	0.0%	1.0%
All other grants and contributions	97.1%	98.4%	90.2%	98.8%	96.9%
Other revenue	0.0%	0.0%	0.0%	-0.5%	1.0%

Expense composition
Total expenses before depreciation	$159,587	$184,053	$185,117	$200,425	$208,739
Total expenses, % change over prior year	0.0%	15.3%	0.6%	8.3%	4.1%
Personnel	32.9%	33.1%	36.9%	34.0%	33.4%
Professional fees	4.0%	2.9%	3.3%	3.3%	2.4%
Occupancy	4.9%	4.0%	4.4%	4.2%	4.4%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	50.0%	54.1%	47.7%	52.0%	51.0%
All other expenses	8.3%	5.8%	7.7%	6.5%	8.7%

Full cost components (estimated)	2019	2020	2021	2022	2023
Total expenses (after depreciation)	$159,587	$184,053	$185,117	$200,425	$208,739
One month of savings	$13,299	$15,338	$15,426	$16,702	$17,395
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$0	$0	$0
Total full costs (estimated)	$172,886	$199,391	$200,543	$217,127	$226,134

Capital structure indicators

Liquidity	2019	2020	2021	2022	2023
Months of cash	7.4	7.1	5.1	4.8	6.1
Months of cash and investments	7.4	7.7	9.1	8.0	9.3
Months of estimated liquid unrestricted net assets	4.7	4.6	6.9	6.7	6.4

Balance sheet composition	2019	2020	2021	2022	2023
Cash	$98,410	$108,613	$78,907	$79,782	$106,367
Investments	$0	$10,000	$61,555	$54,519	$55,160
Receivables	$275	$375	$375	$1,125	$1,235
Gross land, buildings, equipment (LBE)	$0	$0	$0	$0	$0
Accumulated depreciation (as a % of LBE)	0.0%	0.0%	0.0%	0.0%	0.0%
Liabilities (as a % of assets)	22.8%	37.3%	12.8%	10.3%	6.6%
Unrestricted net assets	$62,107	$69,885	$107,183	$112,521	$111,363
Temporarily restricted net assets	$14,410	N/A	N/A	N/A	N/A
Permanently restricted net assets	$0	N/A	N/A	N/A	N/A
Total restricted net assets	$14,410	$5,000	$16,000	$10,000	$41,050
Total net assets	$76,517	$74,885	$123,183	$122,521	$152,413

Key data checks

Key data checks	2019	2020	2021	2022	2023
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

President

Debora Gavin Merlock

LinkedIn profile

Number of employees

Source: IRS Form 990

Harford County Education Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Harford County Education Foundation

Board of directors
as of 05/24/2024

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Tony Wohlers

Harford Community College

Term: 2022 - 2025

Warren Hamilton

Retired, Community

Claudine Adams

Bravura

Sean Bulson, Ed.D.

Harford County Public Schools

Mary Hastler

Harford County Public Library

Terry Troy

Director Emeritus

Gary Stapleton

APGFCU

Carol Attia

Community

Tyler Smith

Brown Advisory

Dawn Hamilton

Freedom Federal Credit Union

Wade Sewell Sewell

Harford County Board of Education

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Harford County Education Foundation

INVEST. INSPIRE. ACHIEVE.

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

Our programs

School and Classroom Innovation Grants

School Supplies and Resources

TECH Tools

Early Childhood Literacy and School Readiness

Scholarships

Teacher Recognition & Support

Where we work

Affiliations & memberships

Our results

Evaluation documents

Number of students served through program resources

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of students provided access to technology at home

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of teachers served through program resources

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of classrooms served through program resources

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of children who received school supplies

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Our Sustainable Development Goals

Goals & Strategy

Reports and documents

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2023 info

15.02

Months of cash in 2023 info

6.1

Fringe rate in 2023 info

8%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Harford County Education Foundation

Harford County Education Foundation

Harford County Education Foundation

Business model indicators

Capital structure indicators

Liquidity in 2023

Months of cash in 2023

Fringe rate in 2023

Funding sources

Assets & liabilities