Norfolk Education Foundation

Norfolk Education Foundation shows stable finances with volunteer leadership, though past spending has occasionally exceeded revenue.

EIN: 113789355 · Norfolk, VA · NTEE: B122 · Updated: 2026-03-28

$233KRevenue
$422KAssets
85/100Mission Score (Excellent)
B122

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Norfolk Education Foundation Financial Summary
MetricValue
Total Revenue$233K
Total Expenses$139K
Program Spending85%
Net Assets$421K
Transparency Score85/100

Search Intent Cockpit

Norfolk Education Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Norfolk Education Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Norfolk Education Foundation in one place.

Form 990 Filing Summary

7 filing years are available, with latest revenue of $233K and expenses of $139K.

Revenue and Expenses

Norfolk Education Foundation reported $233K in revenue and $139K in expenses, a surplus of $95K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.

Is Norfolk Education Foundation Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
85%Program Expense
$0Grants Paid
7Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Norfolk Education Foundation Expense Deployment
Program services$118K (85%)

Across stored filings, Norfolk Education Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Norfolk Education Foundation Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend85% to programsExcellent
Financial durabilityGrade A7 stored filing years
Peer contextCompare with Association Of Small Business Development CentersVirginia and Education context

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Norfolk Education Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Norfolk Education Foundation

Norfolk Education Foundation (EIN: 113789355) is a nonprofit organization based in Norfolk, VA, classified under NTEE code B122. The organization reported total revenue of $233K and total assets of $422K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norfolk Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

20Years Operating
SmallSize Classification
7Years of Filings
MixedRevenue Trajectory

Norfolk Education Foundation is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 3.8%.

Key Financial Metrics (2017)

From the most recent IRS 990 filing on record:

Total Revenue$233K
Total Expenses$139K
Surplus / Deficit+$95K
Total Assets$422K
Total Liabilities$1K
Net Assets$421K
Operating Margin40.6%
Debt-to-Asset Ratio0.2%
Months of Reserves36.6 months

Financial Health Grade: A

In 2017, Norfolk Education Foundation reported a surplus of $95K with revenue exceeding expenses, holds 36.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).

Financial Trends

Over 7 years of filings (2011–2017), Norfolk Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.

YearRevenue ChangeExpense ChangeAsset Change
2017+27.3%-46.2%+27.2%
2016-26.6%-9.6%-2.7%
2015-1.7%+18.9%+1.8%
2014-1.2%-4.2%-8.9%
2013+197.8%+32.5%+7.6%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2006

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Norfolk Education Foundation demonstrates a generally stable financial position with consistent revenue streams over the past several years, averaging around $200,000 annually. In the most recent filing (201706), the organization reported revenue of $233,182 against expenses of $138,538, resulting in a surplus that contributed to an increase in assets to $422,163. This indicates sound financial management for that period. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds for its mission. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests a high potential for program efficiency. However, a deeper look at historical data reveals periods where expenses exceeded revenue, such as in 201606 ($257,513 expenses vs. $183,186 revenue) and 201506 ($284,899 expenses vs. $249,403 revenue). These deficits, while not catastrophic given the asset base, suggest that financial performance can fluctuate. The organization's liabilities have remained relatively low, peaking at $21,044 in 201406 and dropping to $1,008 in 201706, indicating good management of debt. The consistent asset base, hovering around $300,000-$400,000, provides a buffer against operational fluctuations. Overall, the Norfolk Education Foundation appears to be a financially stable organization with a strong commitment to volunteer leadership, as evidenced by zero officer compensation. While there have been periods of deficit spending, the most recent filing shows a healthy surplus and growing assets. Transparency is high regarding executive compensation, but a more detailed breakdown of program, administrative, and fundraising expenses would further enhance understanding of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Norfolk Education Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 10%
  • programs: 85%
  • fundraising: 5%

According to IRS 990 filings, Norfolk Education Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2017)

From the most recent IRS 990 filing on record:

$233KTotal Revenue
$139KTotal Expenses
$422KTotal Assets
$1KTotal Liabilities
$421KNet Assets
  • The organization reported a surplus of $95K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 0.2%.

Executive Compensation Analysis

The Norfolk Education Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based and that no funds are diverted to executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Norfolk Education Foundation's IRS 990 filings:

  • Periods of expenses exceeding revenue (e.g., $257,513 expenses vs. $183,186 revenue in 201606)

Strengths

The following positive indicators were identified for Norfolk Education Foundation:

  • Consistent 0% officer compensation, indicating volunteer leadership
  • Strong asset base ($422,163 in 201706) providing financial stability
  • Low liabilities ($1,008 in 201706)
  • Positive revenue-to-expense ratio in the most recent filing (201706: $233,182 revenue vs. $138,538 expenses)

Frequently Asked Questions about Norfolk Education Foundation

Is Norfolk Education Foundation a legitimate charity?

Norfolk Education Foundation (EIN: 113789355) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $233K. 1 red flag identified. 4 strengths noted. Financial health grade: A.

How does Norfolk Education Foundation spend its money?

Norfolk Education Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Norfolk Education Foundation tax-deductible?

Norfolk Education Foundation is registered as a tax-exempt nonprofit (EIN: 113789355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Norfolk Education Foundation's spending goes to programs?

Norfolk Education Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Norfolk Education Foundation compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Norfolk Education Foundation is above average for NTEE category B122 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Norfolk Education Foundation located?

Norfolk Education Foundation is headquartered in Norfolk, Virginia and files with the IRS under EIN 113789355. It is classified under NTEE code B122.

How many years of IRS 990 filings does Norfolk Education Foundation have?

Norfolk Education Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $233K in total revenue.

Is Norfolk Education Foundation financially stable?

Yes, the organization appears financially stable, with assets of $422,163 in 201706 and a positive revenue-to-expense ratio in its most recent filing. While there have been periods of deficit spending, the overall trend shows consistent revenue and a healthy asset base.

Does Norfolk Education Foundation pay its executives?

No, the Norfolk Education Foundation consistently reports 0% officer compensation, indicating that its leadership serves on a volunteer basis.

How has the organization's revenue trended over time?

Revenue has fluctuated but remained relatively consistent, averaging around $200,000 annually, with a high of $256,748 in 201306 and a low of $86,205 in 201206.

What is the organization's asset-to-liability ratio?

In 201706, the organization had assets of $422,163 and liabilities of $1,008, indicating a very strong asset-to-liability ratio.

Filing History

IRS 990 filing history for Norfolk Education Foundation showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2011–2017), Norfolk Education Foundation's revenue has grown by 24.8%, moving from $187K to $233K. Total assets decreased by 4.9% over the same period, from $444K to $422K. Total functional expenses fell by 14.4%, from $162K to $139K. In its most recent filing year (2017), Norfolk Education Foundation reported a surplus of $95K, with revenue exceeding expenses. The organization holds $1K in liabilities against $422K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $421K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2017 $233K $139K $422K $1K View 990
2016 $183K $258K $332K $5K View 990
2015 $249K $285K $341K $11K View 990
2014 $254K $240K $335K $21K View 990
2013 $257K $250K $367K $19K View 990
2012 $86K $189K $341K $0 View 990
2011 $187K $162K $444K $0 View 990

Year-by-Year Financial Summary

  • 2017: Revenue of $233K, expenses of $139K, and assets of $422K (revenue +27.3% year-over-year).
  • 2016: Revenue of $183K, expenses of $258K, and assets of $332K (revenue -26.6% year-over-year).
  • 2015: Revenue of $249K, expenses of $285K, and assets of $341K (revenue -1.7% year-over-year).
  • 2014: Revenue of $254K, expenses of $240K, and assets of $335K (revenue -1.2% year-over-year).
  • 2013: Revenue of $257K, expenses of $250K, and assets of $367K (revenue +197.8% year-over-year).
  • 2012: Revenue of $86K, expenses of $189K, and assets of $341K (revenue -53.9% year-over-year).
  • 2011: Revenue of $187K, expenses of $162K, and assets of $444K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Norfolk Education Foundation:

2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Norfolk Education Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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