Skip to content
Nonprofiteer
← FOUNDATIONS IN EDUCATION INC

Form 990 for tax year 2024

Filed by FOUNDATIONS IN EDUCATION INC.

Totals

Total revenue
$17,351,326
Total expenses
$6,605,146
Contributions and grants received
$14,271,322
Grants paid
$5,942,478
Program service revenue
$0
Investment income
$2,966,658
Other revenue
$113,346
Total assets, end of year
$59,771,846
Total liabilities, end of year
$4,074,933
Net assets or fund balances, end of year
$55,696,913
Program services expenses (Part IX)
$6,079,307
Management and general expenses
$292,428
Fundraising expenses
$233,411
Program service expenses (Part III)
$6,079,307

Program services were 92.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Michael Hanlon

    Treasurer - Term. 12/1/24

    Total calculated
    $268,850
    From this org
    $0
    From related orgs
    $256,048
    Other
    $12,802
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $256,048 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $12,802 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $268,850 related
  • Anne O McCrory

    TRUSTEE

    Total calculated
    $257,869
    From this org
    $0
    From related orgs
    $245,590
    Other
    $12,279
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $245,590 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $12,279 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $257,869 related
  • Holly Doherty-Lemoine

    Executive Director

    Total calculated
    $202,959
    From this org
    $190,916
    From related orgs
    $0
    Other
    $12,043
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,916
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,043
    Nontaxable benefits
    not reported
    Filer's total
    $202,959
  • Thomas E McInerney

    TRUSTEE

    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
  • David Cappiello

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Joseph Purcell

    CHAIRMAN

    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

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Joseph Rahtelli III

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Allison Reiling

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Tom Cassidy

    Trustee - Starting 12/1/24

    Total calculated
    $0
    Hours/week
    1
  • John Corraro

    Trustee - Starting 12/1/24

    Total calculated
    $0
    Hours/week
    1
  • Kara Klein

    Trustee - Starting 12/1/24

    Total calculated
    $0
    Hours/week
    1
  • Joseph Matthews

    Trustee - Starting 12/1/24

    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
2024
Filed
11 December 2025
IRS schema version
2024v5.2
Source object
202513459349300031

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.