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Nonprofiteer
← FOUNDATIONS IN EDUCATION INC

Form 990 for tax year 2022

Filed by FOUNDATIONS IN EDUCATION INC.

Totals

Total revenue
$7,032,652
Total expenses
$6,118,695
Contributions and grants received
$6,096,118
Grants paid
$5,565,772
Program service revenue
$0
Investment income
$990,649
Other revenue
-$54,115
Total assets, end of year
$40,425,890
Total liabilities, end of year
$3,606,424
Net assets or fund balances, end of year
$36,819,466
Program services expenses (Part IX)
$5,694,429
Management and general expenses
$273,320
Fundraising expenses
$150,946
Program service expenses (Part III)
$5,694,429

Program services were 93.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Michael Hanlon

    Treasurer

    Total calculated
    $241,935
    From this org
    $0
    From related orgs
    $230,414
    Other
    $11,521
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $230,414 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $11,521 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $241,935 related

  • Anne O McCrory

    TRUSTEE

    Total calculated
    $215,894
    From this org
    $0
    From related orgs
    $205,613
    Other
    $10,281
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $205,613 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $10,281 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $215,894 related

  • Holly Doherty-Lemoine

    Executive Director

    Total calculated
    $179,126
    From this org
    $170,705
    From related orgs
    $0
    Other
    $8,421
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,705
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,421
    Nontaxable benefits
    not reported
    Filer's total
    $179,126

  • Thomas E McInerney

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Dr Julia McNamara

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bernard Reidy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Shea until 113022

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Cappiello

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph Purcell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • George Coleman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Andrea Maldon

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sister Mary Grace Walsh

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Leslie Lopez

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michele Mitola

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tim Fitzpatrick

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jennifer St Victor - de Pinho

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tom McDevitt

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • GEOFFREY Raker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara Ripp

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Henry Rondon

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lisa Ferraro Martino

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • PAULA SUMMA

    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. 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

The 10 largest by cash amount. The API serves every itemized grant.

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
22 April 2024
IRS schema version
2022v5.0
Source object
202411149349301216

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

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