Medway Foundation For Education
- Assets
- $127.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Medway, MA
- Founding
- 08/2002
- Data as of
- 06/2022
- EIN
- 03-0405765
Organization Overview
Medway Foundation For Education is located in Medway, MA. The organization was established in 2002. 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. Medway Foundation For Education 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 06/2022, Medway Foundation For Education generated $12.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $15.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSE OF PROMOTING EDUCATION BY ESTABLISHING FUNDRAISING EVENTS AND EXPENDING THE FUNDS TO THE MEDWAY PUBLIC SCHOOL SYSTEM FOR ACADEMIC ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Stotz Treasurer | 0.5 | $0 | |
Susan Alessandri Director | 0.5 | $0 | |
Sue O'connor Director | 0.5 | $0 | |
Lisa Messina Director | 0.5 | $0 | |
Aimee Selby Secretary | 0.5 | $0 | |
Ian Mcrury Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,632 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,116 |
| Other Revenue | $3,098 |
| Total Revenue | $12,846 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $205 |
| Other expenses | $909 |
| Total expenses | $15,537 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,740 |
| Other assets | $0 |
| Total assets | $127,073 |
| Total liabilities | $0 |
| Net assets or fund balances | $127,073 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medway Foundation For Education has recieved totaling $5,868.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,765 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $103 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |
Mccarton Foundation For Developmental Disabilities Inc Bronx, NY | $2,852,729 | $6,603,484 |
Prospect Schools Inc Brooklyn, NY | $3,261,917 | $6,213,918 |
Friends Of@brooklyn Laboratory Charter Schools Inc Brooklyn, NY | $20,397,240 | $6,569,238 |
Friends Of@prospect Schools Ny Inc Brooklyn, NY | $3,486,838 | $6,161,838 |