Skip to content
Nonprofiteer
← FUND FOR EDUCATION ABROAD

Form 990 for tax year 2023

Filed by FUND FOR EDUCATION ABROAD.

Totals

Total revenue
$692,055
Total expenses
$804,710
Contributions and grants received
$604,733
Grants paid
$615,555
Program service revenue
$93,125
Investment income
$2,839
Other revenue
-$8,642
Total assets, end of year
$1,769,189
Total liabilities, end of year
$125,030
Net assets or fund balances, end of year
$1,644,159
Program services expenses (Part IX)
$648,893
Management and general expenses
$120,519
Fundraising expenses
$35,298
Program service expenses (Part III)
$648,893

Program services were 80.6% 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

    $22,328

  • 1f · All other contributions, gifts and grants

    $582,405

  • 1g · Noncash contributions included above

    $10,300

  • 2a · Program service revenue: ACCESS PARTNER REVENUE

    total $93,125 · related or exempt $93,125

  • 3 · Investment income

    total $37,367 · excluded $37,367

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

    securities $34,528

  • 7c · Gain or loss

    securities -$34,528

  • 7d · Net gain or loss

    total -$34,528 · excluded -$34,528

  • 8a · Fundraising events: gross income

    $23,125

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

    $22,328

  • 8b · Fundraising events: direct expenses

    $37,625

  • 8c · Net income from fundraising events

    total -$14,500 · excluded -$14,500

  • 11a · Other revenue: MISCELLANEOUS

    total $5,858 · excluded $5,858

  • 11e · Other revenue, total

    $5,858

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $615,555 · program services $615,555

  • 7 · Other salaries and wages

    total $3,420 · program services $1,721 · management and general $761 · fundraising $938

  • 11c · Fees: accounting

    total $65,292 · program services $963 · management and general $64,329

  • 11f · Fees: investment management

    total $10,781 · management and general $10,781

  • 11g · Fees: other

    total $12,747 · program services $3,258 · management and general $9,049 · fundraising $440

  • 13 · Office expenses

    total $13,882 · program services $6,089 · management and general $3,576 · fundraising $4,217

  • 14 · Information technology

    total $1,418 · management and general $1,418

  • 17 · Travel

    total $16,957 · program services $2,295 · management and general $2,838 · fundraising $11,824

  • 19 · Conferences, conventions and meetings

    total $13,809 · program services $640 · management and general $804 · fundraising $12,365

  • 22 · Depreciation, depletion and amortization

    total $2,856 · management and general $2,856

  • 23 · Insurance

    total $953 · management and general $953

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $25,658 · program services $18,372 · management and general $3,370 · fundraising $3,916

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $19,500 · management and general $19,500

  • 24c · Other expenses: STATE FILING FEES

    total $1,480 · fundraising $1,480

  • 24e · All other expenses

    total $402 · management and general $284 · fundraising $118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $411,699 · end of year $400,570

  • 3 · Pledges and grants receivable

    beginning of year $245,859 · end of year $217,500

  • 4 · Accounts receivable

    beginning of year $146,625 · end of year $53,250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,218 · end of year $9,022

  • 10a · Land, buildings and equipment: cost or other basis

    $9,833

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,242

  • 10c · Land, buildings and equipment, net

    beginning of year $3,446 · end of year $591

  • 11 · Investments: publicly traded securities

    beginning of year $1,072,030 · end of year $1,088,256

  • 15 · Other assets

    beginning of year $100 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $151,923 · end of year $98,787

  • 19 · Deferred revenue

    end of year $26,243

  • 23 · Secured mortgages and notes payable

    beginning of year $8,448

  • 27 · Net assets without donor restrictions

    beginning of year $1,517,214 · end of year $1,178,882

  • 28 · Net assets with donor restrictions

    beginning of year $207,392 · end of year $465,277

Mission and programs · 2023

Mission

THE MISSION OF THE FUND FOR EDUCATION ABROAD (FEA) IS TO PROVIDE SCHOLARSHIPS AND ONGOING SUPPORT TO STUDENTS WITH FINANCIAL NEED WHO ARE UNDERREPRESENTED AMONG THE U.S. STUDY-ABROAD POPULATION. FEA MAKES LIFE-CHANGING, INTERNATIONAL EXPERIENCES ACCESSIBLE TO ALL BY SUPPORTING STUDENTS OF COLOR, COMMUNITY COLLEGE, AND FIRST-GENERATION COLLEGE STUDENTS BEFORE, DURING, AND AFTER THEY PARTICIPATE IN EDUCATION ABROAD PROGRAMS.

Activities or mission (Part I)

TO PROVIDE STUDY ABROAD SCHOLARSHIPS AND ONGOING SUPPORT TO U.S. COLLEGE STUDENTS.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $648,893 · Grants $615,555 · Revenue $93,125

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Angela Schaffer

    EXECUTIVE DIRECTOR

    Total calculated
    $122,087
    From this org
    $114,471
    From related orgs
    $0
    Other
    $7,616
    Hours/week
    40
  • Kate Simpson Ata President

    FINANCE DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 40 related
  • Mark Lenhart Cet Exec Dir

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 40 related
  • Amar Rewari

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Tonija Hope

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Mitzi Short

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Cynthia Banks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Christian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Errick Greene

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Gail Gugel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sarah Jeffries

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jan Kieling

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brad Stepan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ellen Yui

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Danelle Radney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Keshia Abraham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Derek Luna

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ACADEMIC TRAVEL ABROAD

    C · TRAVEL · DC

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202402959349300745

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.