Cape Elizabeth Education Foundation
- Assets
- $883.3k
- Revenue
- $90.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Cape Elizabeth, ME
- Founding
- 08/2001
- Data as of
- 06/2021
- EIN
- 01-0543105
Organization Overview
Cape Elizabeth Education Foundation is located in Cape Elizabeth, ME. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Elizabeth Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cape Elizabeth Education Foundation generated $90.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $62.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER INNOVATION AND EXCELLENCE IN CAPE ELIZABETH SCHOOLS BY FUNDING INITIATIVES THAT FALL OUTSIDE OF THE SCHOOL BUDGET, PARTNERING WITH THE SCHOOL DISTRICT TO HELP ACHIEVE ITS VISION AND BUILDING COMMUNITY-WIDE SUPPORT FOR THE BENEFIT OF OUR SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE AND EXPAND LOCAL EDUCATIONAL PROGRAMS OFFERED BY THE LOCAL SCHOOL DISTRICT THROUGH MONETARY GRANTS.
TO RECOGNIZE SCHOOL COMMUNITY MEMBERS FOR EXEMPLERY SERVICE.
TO ENHANCE AND EXPAND LOCAL EDUCATIONAL PROGRAMS OFFERED BY THE LOCAL SCHOOL DISTRICT THROUGH MONETARY GRANTS.
TO RECOGNIZE SCHOOL COMMUNITY MEMBERS FOR EXEMPLERY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gil Hagan Treasurer | OfficerTrustee | 5 | $0 |
Eliza Sandals President | OfficerTrustee | 10 | $0 |
Kara Leopold Secretary | OfficerTrustee | 3 | $0 |
Mika Reynolds Vice President | OfficerTrustee | 3 | $0 |
Catherine Adams Director | Trustee | 2 | $0 |
Cathy Kline Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,115 |
| Total Program Service Revenue | $0 |
| Investment income | $17,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,510 |
| Net Income from Fundraising Events | $24,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,910 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $19,124 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,370 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,455 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,491 |
| All other expenses | $0 |
| Total functional expenses | $62,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,984 |
| Savings and temporary cash investments | $9,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $842,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $883,307 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,446 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,446 |
| Net assets without donor restrictions | $852,861 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $883,307 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cape Elizabeth Education Foundation has recieved totaling $305.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $305 |
Endowment Analysis
| Beg. Balance | $668,641 |
| Earnings | $176,658 |
| Admin Expense | $2,370 |
| Ending Balance | $842,929 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Davis Educational Foundation Yarmouth, ME | $128,309,090 | $9,135,716 |
The Foundation For Maine Community Colleges South Portland, ME | $20,354,624 | $16,834,487 |
New Hampshire Womens Foundation Concord, NH | $2,010,896 | $584,227 |
Duncan-Jenkins Tr Henniker, NH | $9,421,570 | $1,619,289 |
Olin J Cochran Tr Uw Bedford, NH | $4,499,075 | $1,000,465 |
Dr A Everett And Ruth E Rosen Foundation Inc Dayton, ME | $2,548,926 | $256,769 |
Friends Of The Portland Community Free Clinic South Portland, ME | $300,192 | $165,835 |
Hope For Nica Corporation New Ipswich, NH | $7,836 | $0 |
Bangor Christian Schools Foundation Bangor, ME | $603,814 | $151,636 |
Lily Sarah Grace Fund Inc Portland, ME | $746,937 | $0 |
Cape Elizabeth Education Foundation Cape Elizabeth, ME | $883,307 | $90,846 |
Boothbay Region Education Foundation Boothbay Harbor, ME | $104,551 | $76,260 |