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Nonprofiteer
← FOUNDATION FOR DEAF EDUCATION

Form 990 for tax year 2022

Filed by FOUNDATION FOR DEAF EDUCATION.

Totals

Total revenue
$144,315
Total expenses
$116,957
Contributions and grants received
$131,414
Grants paid
$90,046
Program service revenue
$0
Investment income
$12,901
Other revenue
$0
Total assets, end of year
$1,067,665
Total liabilities, end of year
$9,250
Net assets or fund balances, end of year
$1,058,415
Program services expenses (Part IX)
$98,550
Management and general expenses
$18,407
Fundraising expenses
$0
Program service expenses (Part III)
$98,550

Program services were 84.3% 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

    $62,642

  • 1f · All other contributions, gifts and grants

    $68,772

  • 3 · Investment income

    total $29,939 · excluded $29,939

  • 7a · Gross sales of assets other than inventory

    securities $550,045

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

    securities $567,083

  • 7c · Gain or loss

    securities -$17,038

  • 7d · Net gain or loss

    total -$17,038 · excluded -$17,038

  • 8a · Fundraising events: gross income

    $14,033

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

    $62,642

  • 8b · Fundraising events: direct expenses

    $14,033

  • 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 $90,046 · program services $90,046

  • 11c · Fees: accounting

    total $4,564 · management and general $4,564

  • 11f · Fees: investment management

    total $4,703 · management and general $4,703

  • 11g · Fees: other

    total $3,260 · program services $3,260

  • 13 · Office expenses

    total $3,970 · program services $3,970

  • 23 · Insurance

    total $1,983 · management and general $1,983

  • 24a · Other expenses: OVERHEAD ALLOCATION EXP

    total $7,157 · management and general $7,157

  • 24b · Other expenses: DUES & MEMBERSHIPS

    total $1,082 · program services $1,082

  • 24c · Other expenses: MISCELLANEOUS

    total $192 · program services $192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,250 · end of year $24,903

  • 2 · Savings and temporary cash investments

    beginning of year $75,957 · end of year $86,711

  • 4 · Accounts receivable

    beginning of year $1,583 · end of year $4,114

  • 11 · Investments: publicly traded securities

    beginning of year $886,632 · end of year $951,937

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $9,250

  • 27 · Net assets without donor restrictions

    beginning of year $819,346 · end of year $911,675

  • 28 · Net assets with donor restrictions

    beginning of year $147,076 · end of year $146,740

Mission and programs · 2022

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 $98,550 · Grants $90,046

As filed on the 2022 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

  • 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
    $242,892
    From this org
    $0
    From related orgs
    $185,602
    Other
    $57,290
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $185,602 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,079 related
    Nontaxable benefits
    $0 + $22,211 related
    Filer's total
    $0 + $242,892 related

  • Joan Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Cagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Virginia Young

    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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349310856

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