Totals
- Total revenue
- $216,496
- Total expenses
- $19,986
- Contributions and grants received
- $213,300
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,196
- Other revenue
- $0
- Total assets, end of year
- $1,114,200
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,114,200
- Program services expenses (Part IX)
- $2,539
- Management and general expenses
- $17,447
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,539
Program services were 12.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$213,300
-
1g · Noncash contributions included above
$213,300
-
3 · Investment income
total $72 · excluded $72
-
7a · Gross sales of assets other than inventory
other assets $3,124
-
7c · Gain or loss
other assets $3,124
-
7d · Net gain or loss
total $3,124 · related or exempt $3,124
Functional expenses
Part IX, the statement of functional expenses.
-
10 · Payroll taxes
total $54 · management and general $54
-
11g · Fees: other
total $12,600 · management and general $12,600
-
13 · Office expenses
total $15 · management and general $15
-
14 · Information technology
total $1,101 · management and general $1,101
-
22 · Depreciation, depletion and amortization
total $2,539 · program services $2,539
-
23 · Insurance
total $3,677 · management and general $3,677
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,178 · end of year $169,019
-
2 · Savings and temporary cash investments
beginning of year $748,177
-
9 · Prepaid expenses and deferred charges
beginning of year $3,779 · end of year $4,184
-
10a · Land, buildings and equipment: cost or other basis
$213,300
-
10b · Land, buildings and equipment: accumulated depreciation
$2,539
-
10c · Land, buildings and equipment, net
end of year $210,761
-
11 · Investments: publicly traded securities
beginning of year $83,809 · end of year $730,236
-
27 · Net assets without donor restrictions
beginning of year $561,678 · end of year $819,935
-
28 · Net assets with donor restrictions
beginning of year $294,265 · end of year $294,265
Mission and programs · 2023
Mission
FOUNDED IN 1999, THE EDUCATION FOUNDATION WAS CREATED TO PROVIDE RESEARCH, DIRECT SERVICES, AND OFFER SCHOLARSHIPS TO ADVANCE EDUCATION.
-
THE EDUCATION FOUNDATION IS AN ORGANIZATION THAT IS COMMITTED TO PROVIDING OPPORTUNITIES TO THOSE WHO WANT TO LEARN, IMPROVE, AND SUCCEED.
Expenses $2,539
As filed on the 2023 return.
Listed in Part VII
-
Dennis CarielloDENNIS CARIELLO
MEMBER
- Total calculated
- $0
-
Robert LytleROBERT LYTLE
MEMBER
- Total calculated
- $0
-
Cathleen C RaffaeliCATHLEEN C RAFFAELI
CHAIR
- Total calculated
- $0
-
Andrew WeckmanANDREW WECKMAN
MEMBER
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202432489349301423
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