Form 990 for tax year 2022
Filed by STAMFORD PUBLIC EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $2,158,578
- Total expenses
- $2,302,748
- Contributions and grants received
- $1,065,749
- Grants paid
- $0
- Program service revenue
- $1,157,713
- Investment income
- $639
- Other revenue
- -$65,523
- Total assets, end of year
- $535,234
- Total liabilities, end of year
- $179,458
- Net assets or fund balances, end of year
- $355,776
- Program services expenses (Part IX)
- $1,689,617
- Management and general expenses
- $498,037
- Fundraising expenses
- $115,094
- Program service expenses (Part III)
- $1,689,617
Program services were 73.4% 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
$237,513
-
1f · All other contributions, gifts and grants
$828,236
-
1g · Noncash contributions included above
$227,022
-
2a · Program service revenue: FEES FOR SERVICE
total $1,136,073 · related or exempt $1,136,073
-
2b · Program service revenue: FEE FOR SERVICE OTHER
total $21,640 · related or exempt $21,640
-
3 · Investment income
total $639 · related or exempt $639
-
8a · Fundraising events: contributions included on line 1c
$237,513
-
8b · Fundraising events: direct expenses
$65,523
-
8c · Net income from fundraising events
total -$65,523 · excluded -$65,523
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,328,053 · program services $910,805 · management and general $318,522 · fundraising $98,726
-
9 · Other employee benefits
total $22,197 · program services $15,223 · management and general $5,324 · fundraising $1,650
-
10 · Payroll taxes
total $112,954 · program services $77,466 · management and general $27,091 · fundraising $8,397
-
11g · Fees: other
total $626,817 · program services $525,155 · management and general $101,662
-
12 · Advertising and promotion
total $5,382 · program services $1,313 · management and general $4,069
-
13 · Office expenses
total $41,853 · program services $17,800 · management and general $21,751 · fundraising $2,302
-
16 · Occupancy
total $27,709 · program services $21,872 · management and general $4,456 · fundraising $1,381
-
17 · Travel
total $5,569 · program services $1,667 · management and general $3,902
-
22 · Depreciation, depletion and amortization
total $1,657 · program services $1,137 · management and general $397 · fundraising $123
-
23 · Insurance
total $33,827 · program services $23,199 · management and general $8,113 · fundraising $2,515
-
24a · Other expenses: CONSULTING
total $67,469 · program services $67,469
-
24b · Other expenses: MISCELLANEOUS
total $20,866 · program services $20,011 · management and general $855
-
24c · Other expenses: SCHOLARSHIP EXPENSES
total $6,500 · program services $6,500
-
24d · Other expenses: ORGANIZATION DUES
total $1,895 · management and general $1,895
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $423,299 · end of year $421,014
-
3 · Pledges and grants receivable
beginning of year $8,200 · end of year $100
-
9 · Prepaid expenses and deferred charges
end of year $18,780
-
10a · Land, buildings and equipment: cost or other basis
$26,251
-
10b · Land, buildings and equipment: accumulated depreciation
$26,251
-
10c · Land, buildings and equipment, net
beginning of year $1,657
-
11 · Investments: publicly traded securities
beginning of year $13,543
-
15 · Other assets
beginning of year $87,168 · end of year $95,340
-
17 · Accounts payable and accrued expenses
beginning of year $22,482 · end of year $166,485
-
25 · Other liabilities
beginning of year $11,439 · end of year $12,973
-
27 · Net assets without donor restrictions
beginning of year $148,850 · end of year $160,627
-
28 · Net assets with donor restrictions
beginning of year $351,096 · end of year $195,149
Mission and programs · 2022
Mission
FOUNDED IN 1996, THE MISSION OF THE STAMFORD PUBLIC EDUCATION FOUNDATION (SPEF) IS TO ELEVATE STUDENT SUCCESS BY DELIVERING EDUCATIONAL PROGRAMS AND SOLUTIONS THAT PROMOTE EQUITABLE ACCESS TO QUALITY PUBLIC EDUCATION IN STAMFORD.
-
PROGRAMS: TO SUPPORT THE STUDENTS AND TEACHERS IN STAMFORD PUBLIC SCHOOLS THROUGH COMMUNITY COLLABORATION AND PHILANTHROPY. AT THE ELEMENTARY SCHOOL LEVEL THE FOUNDATION SUPPORTS LITERACY INITIATIVES AND AT THE MIDDLE AND HIGH SCHOOL LEVELS THE FOUNDATIONS FOCUS IS ON COLLEGE AND CAREER READINESS.
Expenses $1,689,617 · Revenue $1,158,352
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
LINDSAY WYMAN
CEO THRU OCT
- Total calculated
- $115,000
- From this org
- $115,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
LYNN TUSA
DEVELOPMENT
- Total calculated
- $95,000
- From this org
- $95,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
MAGDALENA LOUCKS
CEO IN OCT 2
- Total calculated
- $85,000
- From this org
- $85,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
KIRAN ANAND
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
BRYAN BISHOP
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
SUSAN BRIGGS-BLOSS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1.5
-
BARBARA ARONICA BUCK
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
PEGGY ERLENKOTTER
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
JULIENNE FOY
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER GEOTES
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
ROWLAND HANLEY
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
ARUNA HOBBS
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
RUTH HUBBARD
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
NERUR KUMAR
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
JACLYN LEUNG
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MARTIN
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
KATHERINE MOLINA-POWELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
HELOISE NANA
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
SANDI O'KEEFE
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
NATALEE PEI
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
JANICE SCHAEFER
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
JOE ZALE
BOARD OF DIR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL ZANGA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
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
- 2022
- Filed
- 23 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430259349300133
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