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Isle Of Wight County Education Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$5.44M (2023)

Expenses
$5.73M (2023)

Total Assets
$5.56M (2023)

Total Liabilities
$1.3M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,435,754
Expenses
$5,734,007
Net Income
-$298,253
Net Assets
$4,260,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,705
1.2%
Program Services $5,156,619
94.9%
Investment Income $19,831
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $170,464
3.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25,135
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,482,037
60.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,558,237
Total Liabilities $1,297,381
Net Assets $4,260,856
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Munford (Headmaster/Secretary) $90,176 $0 $0
Michael J King (President) $0 $0 $0
Parker Scott Jr (Vice President) $0 $0 $0
Robert J Little Iii (Treasurer) $0 $0 $0
Leslie Babb Jr (Director) $0 $0 $0
Thad Keyt (Director) $0 $0 $0
A Dwight Doggett Jr (Director) $0 $0 $0
Matt Cunningham (Director) $0 $0 $0
Craig Stallings (Director) $0 $0 $0
Larry I West (Director) $0 $0 $0
Ken Morningstar (Director) $0 $0 $0
Adrian Holland (Director) $0 $0 $0
Terry Girard (Director) $0 $0 $0
Phillip Upton (Director) $0 $0 $0
Michael Kearns (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,411,642
Expenses
$5,524,682
Net Income
-$113,040
Net Assets
$4,573,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $316,300
5.8%
Program Services $4,914,465
90.8%
Investment Income $21,196
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $128,324
2.4%
Sales of Assets $10,511
0.2%
Net Inventory Sales $0
Other Revenue $20,846
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,373,102
61.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,901,585
Total Liabilities $1,328,259
Net Assets $4,573,326
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Munford (Headmaster/Secretary) $78,538 $0 $0
Michael J King (President) $0 $0 $0
Parker Scott Jr (Vice President) $0 $0 $0
Robert J Little Iii (Treasurer) $0 $0 $0
Leslie Babb Jr (Director) $0 $0 $0
Thad Keyt (Director) $0 $0 $0
A Dwight Doggett Jr (Director) $0 $0 $0
Matt Cunningham (Director) $0 $0 $0
Craig Stallings (Director) $0 $0 $0
Larry I West (Director) $0 $0 $0
Ken Morningstar (Director) $0 $0 $0
Adrian Holland (Director) $0 $0 $0
Terry Girard (Director) $0 $0 $0
Phillip Upton (Director) $0 $0 $0
Michael Kearns (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,615,379
Expenses
$5,359,396
Net Income
-$744,017
Net Assets
$4,592,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $60,911
1.3%
Program Services $4,424,685
95.9%
Investment Income $16,900
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $90,127
2.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,756
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,371,679
62.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,992,818
Total Liabilities $1,400,617
Net Assets $4,592,201
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Munford (Headmaster) $77,598 $0 $0
Michael J King (President) $0 $0 $0
Parker Scott Jr (Vice President) $0 $0 $0
Robert J Little Iii (Treasurer) $0 $0 $0
Leslie Babb Jr (Director) $0 $0 $0
Thad Keyt (Director) $0 $0 $0
A Dwight Doggett Jr (Director) $0 $0 $0
Matt Cunningham (Director) $0 $0 $0
Craig Stallings (Director) $0 $0 $0
Larry I West (Director) $0 $0 $0
Ken Morningstar (Director) $0 $0 $0
Adrian Holland (Director) $0 $0 $0
Terry Girard (Director) $0 $0 $0
Phillip Upton (Director) $0 $0 $0
Michael Kearns (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,116,411
Expenses
$5,448,769
Net Income
-$332,358
Net Assets
$4,447,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,292
0.9%
Program Services $4,902,912
95.8%
Investment Income $20,189
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $122,689
2.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $26,329
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,236,894
Total Liabilities $1,789,083
Net Assets $4,447,811
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Munford (Headmaster) $77,598 $0 $0
Michael J King (President) $0 $0 $0
Parker Scott Jr (Vice President) $0 $0 $0
Robert J Little Iii (Treasurer) $0 $0 $0
Leslie Babb Jr (Director) $0 $0 $0
Thad Keyt (Director) $0 $0 $0
A Dwight Doggett Jr (Director) $0 $0 $0
Matt Cunningham (Director) $0 $0 $0
Craig Stallings (Director) $0 $0 $0
Larry I West (Director) $0 $0 $0
Ken Morningstar (Director) $0 $0 $0
Adrian Holland (Director) $0 $0 $0
Terry Girard (Director) $0 $0 $0
Phillip Upton (Director) $0 $0 $0
Michael Kearns (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,285,280
Expenses
$5,373,937
Net Income
-$88,657
Net Assets
$4,810,971
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,312
0.8%
Program Services $5,037,348
95.3%
Investment Income $23,357
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $130,801
2.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $50,462
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,052,989
Total Liabilities $1,242,018
Net Assets $4,810,971
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Munford (Headmaster) $75,705 $0 $0
Michael J King (President) $0 $0 $0
Parker Scott Jr (Vice President) $0 $0 $0
Robert J Little Iii (Treasurer) $0 $0 $0
Leslie Babb Jr (Director) $0 $0 $0
Thad Keyt (Director) $0 $0 $0
A Dwight Doggett Jr (Director) $0 $0 $0
Matt Cunningham (Director) $0 $0 $0
Craig Stallings (Director) $0 $0 $0
Larry I West (Director) $0 $0 $0
Ken Morningstar (Director) $0 $0 $0
Adrian Holland (Director) $0 $0 $0
Terry Girard (Director) $0 $0 $0
Phillip Upton (Director) $0 $0 $0
Michael Kearns (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,371,344
Expenses
$5,373,972
Net Income
-$2,628
Net Assets
$4,839,004
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,082
1.2%
Program Services $5,147,359
95.8%
Investment Income $20,613
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $114,781
2.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25,509
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,087,231
57.4%
Assets/Debt
Total Assets $6,122,769
Total Liabilities $1,283,765
Net Assets $4,839,004

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,189,121
Expenses
$5,141,129
Net Income
$47,992
Net Assets
$4,705,769
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,033
1.2%
Program Services $4,939,189
95.2%
Investment Income $17,013
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $134,104
2.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $37,782
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $73,800
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,934,890
Total Liabilities $1,229,121
Net Assets $4,705,769

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,389,348
Expenses
$4,974,874
Net Income
$414,474
Net Assets
$4,563,333
Notable Sources of Revenue Percent of Total Revenue
Contributions $78,090
1.4%
Program Services $5,116,292
94.9%
Investment Income $20,347
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $155,020
2.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,599
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $73,800
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,888,911
58.1%
Assets/Debt
Total Assets $5,870,774
Total Liabilities $1,307,441
Net Assets $4,563,333

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,026,155
Expenses
$4,854,986
Net Income
$171,169
Net Assets
$4,191,891
Notable Sources of Revenue Percent of Total Revenue
Contributions $89,857
1.8%
Program Services $4,748,635
94.5%
Investment Income $15,164
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $156,253
3.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,246
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,818,741
58.1%
Assets/Debt
Total Assets $5,120,222
Total Liabilities $928,331
Net Assets $4,191,891

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,790,232
Expenses
$4,527,225
Net Income
$1,263,007
Net Assets
$4,015,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,183,192
20.4%
Program Services $4,452,645
76.9%
Investment Income $8,095
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $128,422
2.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,878
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,609,352
57.6%
Assets/Debt
Total Assets $4,902,902
Total Liabilities $887,902
Net Assets $4,015,000

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,500,634
Expenses
$4,354,331
Net Income
$146,303
Net Assets
$2,707,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,821
1.0%
Program Services $4,291,271
95.3%
Investment Income $8,820
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $131,254
2.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $26,468
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $49,991
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,583,289
59.3%
Assets/Debt
Total Assets $3,448,697
Total Liabilities $740,761
Net Assets $2,707,936

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,298,230
Expenses
$4,250,354
Net Income
$47,876
Net Assets
$2,539,958
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,643
0.2%
Program Services $4,126,505
96.0%
Investment Income $12,293
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $138,157
3.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,632
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,554,062
60.1%
Assets/Debt
Total Assets $3,228,715
Total Liabilities $688,757
Net Assets $2,539,958

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,106,307
Expenses
$3,904,884
Net Income
$201,423
Net Assets
$2,516,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,740
0.8%
Program Services $3,928,271
95.7%
Investment Income $9,309
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $122,110
3.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,877
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,401,072
61.5%
Assets/Debt
Total Assets $3,108,960
Total Liabilities $592,078
Net Assets $2,516,882

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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  • Raw filing data. Includes EINs and summary financials as structured data.
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