American Educational Assistance Foundation Inc
- Assets
- $84.6k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 06-1688758
Organization Overview
American Educational Assistance Foundation Inc is located in Nashville, TN. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. American Educational Assistance Foundation Inc 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 12/2021, American Educational Assistance Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 18.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO RECIPIENTS AND ADMINISTERED BY INTERNATIONAL SCHOLARSHIP & TUITION SERVICES, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sharpe Secretary | 0 | $0 | |
Becky Sharpe Director | 0 | $0 | |
Stuart Scott President | 0 | $0 | |
Dave Young Exec Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,269,336 |
| Interest on Savings | $233 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,269,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90 |
| Total operating and administrative expenses | $92 |
| Contributions, gifts, grants paid | $2,482,833 |
| Total expenses and disbursements | $2,482,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,649 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $84,649 |
| Accounts payable and accrued expenses | $81,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $81,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that American Educational Assistance Foundation Inc has recieved totaling $439,600.
| Awarding Organization | Amount |
|---|---|
Berti Foundation Winston Salem, NC PURPOSE: SCHOLARSHIP PROGRAM FUND | $170,000 |
Leprino Foods Company Foundation Denver, CO PURPOSE: FOR UNRESTRICTED USE | $100,600 |
Arconic Foundation Pittsburgh, PA PURPOSE: 2021 SONS & DAUGHTERS SCHOLARSHIP AWARDS FOR 18 RECIPIENTS | $90,000 |
Howmet Aerospace Foundation Pittsburgh, PA PURPOSE: 2021 SONS & DAUGHTERS SCHOLARSHIP AWARDS FOR 18 RECIPIENTS | $72,000 |
Howmet Aerospace Foundation Pittsburgh, PA PURPOSE: 2016 SONS & DAUGHTERS SCHOLARSHIP AWARDS | $6,000 |
Arconic Foundation Pittsburgh, PA PURPOSE: 2017 SONS & DAUGHTERS SCHOLARSHIP AWARDS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |