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Nonprofiteer
← FOUNDATION FOR DEAF EDUCATION

Form 990 for tax year 2023

Filed by FOUNDATION FOR DEAF EDUCATION.

Totals

Total revenue
$98,483
Total expenses
$112,433
Contributions and grants received
$65,441
Grants paid
$78,907
Program service revenue
$0
Investment income
$33,042
Other revenue
$0
Total assets, end of year
$1,161,447
Total liabilities, end of year
$30,702
Net assets or fund balances, end of year
$1,130,745
Program services expenses (Part IX)
$91,792
Management and general expenses
$20,641
Fundraising expenses
$0
Program service expenses (Part III)
$91,792

Program services were 81.6% 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.

  • 1c · Fundraising events

    $11,463

  • 1f · All other contributions, gifts and grants

    $53,978

  • 3 · Investment income

    total $36,404 · excluded $36,404

  • 7a · Gross sales of assets other than inventory

    securities $409,446

  • 7b · Less cost or other basis and sales expenses

    securities $412,808

  • 7c · Gain or loss

    securities -$3,362

  • 7d · Net gain or loss

    total -$3,362 · excluded -$3,362

  • 8a · Fundraising events: gross income

    $5,183

  • 8a · Fundraising events: contributions included on line 1c

    $11,463

  • 8b · Fundraising events: direct expenses

    $5,183

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $78,907 · program services $78,907

  • 11c · Fees: accounting

    total $5,526 · management and general $5,526

  • 11f · Fees: investment management

    total $5,215 · management and general $5,215

  • 11g · Fees: other

    total $1,314 · program services $1,314

  • 13 · Office expenses

    total $10,057 · program services $10,057

  • 23 · Insurance

    total $1,760 · management and general $1,760

  • 24a · Other expenses: OVERHEAD ALLOCATION EXP

    total $8,140 · management and general $8,140

  • 24b · Other expenses: DUES & MEMBERSHIPS

    total $1,514 · program services $1,514

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,903 · end of year $30,084

  • 2 · Savings and temporary cash investments

    beginning of year $86,711 · end of year $49,618

  • 4 · Accounts receivable

    beginning of year $4,114 · end of year $58,710

  • 11 · Investments: publicly traded securities

    beginning of year $951,937 · end of year $1,023,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,250 · end of year $3,232

  • 19 · Deferred revenue

    beginning of year $0 · end of year $27,470

  • 27 · Net assets without donor restrictions

    beginning of year $911,675 · end of year $979,723

  • 28 · Net assets with donor restrictions

    beginning of year $146,740 · end of year $151,022

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE FOR STUDENTS AT ST. MARY'S SCHOOL FOR THE DEAF BY SUPPORTING INITIATIVES THAT FUND SCHOOL PROGRAM ACTIVITIES AS WELL AS PROMOTE PUBLIC AWARENESS OF THE SCHOOL AND DEAF CULTURE.

  • TO RECEIVE AND ADMINISTER FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR DEAF AND HARD OF HEARING PERSONS IN ORDER TO IMPROVE THEIR QUALITY OF LIFE BY THEIR PHYSICAL AND MENTAL BETTERMENT.

    Expenses $91,792 · Grants $78,907

As filed on the 2023 return.

Listed in Part VII

  • Boyd Earl

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lawrence T McGowan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michael J Grimaldi

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Peter Starkey

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gretchen Mullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Martin Griffith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Timothy M Kelly

    EX-OFFICIO

    Total calculated
    $255,767
    From this org
    $0
    From related orgs
    $195,025
    Other
    $60,742
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,025 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,000 related
    Nontaxable benefits
    $0 + $25,742 related
    Filer's total
    $0 + $255,767 related

  • Joan Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Cagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Virginia Young To 62024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
3 May 2025
IRS schema version
2023v6.0
Source object
202501279349300340

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