Henrico Education Foundation, Inc.
3820 Nine Mile Road
Henrico VA 23223
Mission Statement

The mission of the Henrico Education Foundation (HEF) is to prepare students for college, career and community by connecting philanthropy with strategic initiatives that strengthen public education in Henrico County. 

Web and Social Media
Henrico Education Foundation board member Mike McCullough and his colleagues from The Brink's Company participate in a HEF literacy project providing new books for early readers in economically challenged schools.
CEO/Executive Director Mr. Michael W Taylor
Board Chair Mr. Bob Michie
Board Chair Company Affiliation Presidio
Contact Information
Address 3820 Nine Mile Road
Henrico, VA 23223
Telephone 804 652-3869 3
Fax 804 652-3425
E-mail mike@henricogives.org
History and Background
Year of Incorporation 1993
Financial Summary
Revenue vs Expense Bar Graph - All Years
Expense Breakdown Bar Chart - All Years
Projected Revenue $558,500.00
Projected Expenses $554,960.00
Additional Documents


The mission of the Henrico Education Foundation (HEF) is to prepare students for college, career and community by connecting philanthropy with strategic initiatives that strengthen public education in Henrico County. 


Henrico faces significant challenges, with 22 schools not fully accredited. The number of financially disadvantaged students continues to grow with 21,500 students coming from financially disadvantaged homes.

Challenged schools across Henrico lack the support needed for extended learning opportunities, reading initiatives, STEM and classroom technology, thereby expanding the opportunity gap impacting student academic success. This opportunity gap is of great concern and exists across grade levels between white students, exceptional education and black students

HEF’s work is more important than ever as schools look for instructional strategies to foster learning. HEF has focused its efforts on solutions to address equitable access to educational programs to help every student graduate college or career ready. With your support, HEF can provide: 1) Leadership development programs; 2) Urban literacy training; 3) STEM programs and hands on learning; 4) Community Learning Centers; 5) Assistance to financially disadvantaged students ensuring every child has equal access to educational programs.


Created in 1992, the Henrico Education Foundation, Inc. (HEF) is an independent, nonprofit community-based organization providing the Henrico County Public School (HCPS) with additional educational programs, financial resources and support to increase student achievement and create innovation in the classroom.

Our Approach

Over the past two decades, HEF has played a vital role in meeting the educational needs of our community’s children. As a foundation, we do more than just provide additional funding for public schools, we are innovators working in partnership with parents, teachers and administrators, continually identifying and developing initiatives that improve school performance and student achievement. Our program and funding priorities focus on implementing research-based initiatives that enhance learning in the classroom, create best practices and complement HCPS improvement plans. We support all schools in Henrico County, working to provide every student the support and resources they need for success.

Organizational Values

HEF strives to ensure every student in our county succeeds in learning and life. To accomplish this task, HEF seeks input from the superintendent, school board, principals and teachers in order to continually develop initiatives to strengthen public schools. Our funding priorities support projects and programs that:

1) Enhance student learning

2) Fund academic programs that are in the best interest of students

3) Complement school improvement plans

4) Support research-based initiatives

5) Have support from each school, the school system and community


HEF's vision is to develop partnerships with community stakeholders and HCPS to enhance school performance and student achievement. This vision will be achieved through implementation of HEF's four strategic priorities. Through this process HEF will become known as a trusted advocate for Henrico students and teachers and a leader in developing innovative initiatives that strengthen public education.

HEF's four priorities:

  1. Preparing students K-12 for success in college, career and community
  2. Strengthening educational leaders
  3. Developing strong community relationships that impact school success
  4. Serving as a catalyst for innovation
CEO Statement
Board Chair Statement

Areas of Service
Areas Served
Henrico County

Henrico County Public Schools is a vibrant, diverse school division encompassing 67 schools and over 3,700 teachers. Our majority-minority system of 51,000 students is experiencing a changing demographic with increasing numbers of ESL and economically disadvantaged students. Out of 46 elementary schools, 21 are identified as Title I schools, meaning that more than 21,500 of the students come from economically challenged households. Across the school system 42% of students are considered economically deprived and eligibility for free or reduced lunch.

Board Chair
Board Chair Mr. Bob Michie
Company Affiliation Presidio
Term July 2015 to June 2017
Email rmichie@presidio.com
Board of Directors
Board Members
Mrs. Betsy Beamer McGuire Woods Consulting
Mr. Thomas Bowles KeyPersonnel
Mr. Gerald Britt Xerox Corporation
Dr. Tamara Charity-Brown Associates In Pediatrics
Mrs. Monica Brinkley Davis WestRock Company
Mr. John Delandro Merrill Lynch
Mr. Stephen Halsey Moseley Architects
Ms. Veronica Hinckle CarMax
Mr. Michael McCullough Genworth
Mr. Bob Michie Presidio
Mr. Robert Nomberg Richmond Jewish Foundation
Mr. Jackson Reasor ODEC
Mr. Jeff Robinson Robinson Consulting Group
Ms. Anne Schaffer Capital One
Mr. Randy Sullivan Hunton & Williams
Mr. Randall Welch Retired
Board Demographics - Ethnicity
African American/Black 5
Asian American/Pacific Islander 0
Caucasian 14
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 13
Female 6
Unspecified 0
Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 80
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Percentage Making In-Kind Contributions 100
Number of Full Board Meetings Annually 6
Standing Committees
Program / Program Planning
Board Governance
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Advisory Board Members
Ms. Betsy Beamer McGuireWoods
Executive Director
Executive Director Mr. Michael W Taylor
Senior Staff
Ms. Paula Roop Program Manager
Full Time Staff 2
Part Time Staff 2
Contractors 0
Retention Rate 100
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 3
Date Strategic Plan Adopted May 2011
Management Succession Plan? No
Nondiscrimination Policy No
Whistleblower Policy Yes
Document Destruction Policy No
Directors and Officers Insurance Policy Yes
  • Capital One
  • Genworth
  • Bank of America
  • Wells Fargo
  • Moseley Architects
  • The Brink's Company
  •  VALIC
  • Strawbridge Studios
  • Altria
  • CarMax
  • Delta Kappa Camma
  • Old Dominion Electric Cooperative
  • Owens and Minor
  • Edgenuity


Instructional grants that encourage and reward innovative approaches to the accomplishment of curriculum goals and objectives and/or the Standard of Learning objectives.
Population Served K-12 (5-19 years)
Budget $65,000.00
Financial assistance for field trips and tuition reimbursement for families in need.
Population Served K-12 (5-19 years)
Budget $9,500.00
CEO/ED/Board Comments

Fiscal Year
Projected Revenue $558,500.00
Projected Expenses $554,960.00
Endowment Value $33,508.00
Spending Policy N/A
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
Government Contributions$0$1,472$0
Individual Contributions$58,938$75,725$67,165
Investment Income, Net of Losses$20,367$61,285$24,635
Membership Dues------
Special Events$50,183$69,619$84,138
Revenue In-Kind$66,697----
Expense Allocation
Fiscal Year201520142013
Program Expense$323,428$300,486$300,265
Administration Expense$96,573$24,416$50,411
Fundraising Expense$68,801$69,072$83,975
Payments to Affiliates------
Total Revenue/Total Expenses0.830.980.89
Program Expense/Total Expenses66%76%69%
Fundraising Expense/Contributed Revenue22%21%23%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$568,243$589,906$596,862
Current Assets$170,568$99,976$67,085
Long-Term Liabilities$0$0--
Current Liabilities$49,682$0--
Total Net Assets$518,561$589,906$596,862
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities3.43----
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView
Foundation Comments
  • Financial information provided from audited financial statements.
  • Audited financial statements and IRS 990s prepared by Harris, Hardy & Johnstone, P.C.