Educational Foundation Of America
- Assets
- $294.7m
- Revenue
- $32.8m
- Investments
- $283.2m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 13-3424750
Organization Overview
Educational Foundation Of America is located in Bethesda, MD. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Educational Foundation Of America 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, Educational Foundation Of America generated $32.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $16.0m during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 4 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.
Since 2020, Educational Foundation Of America has awarded 434 individual grants totaling $22,225,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stocks Executive Director | 40 | $235,827 | |
David Monsma Program Director | 40 | $149,573 | |
Laura Nixon Senior Program Offic | 40 | $143,542 | |
Lucien Rothenstein Program Officer | 40 | $125,481 | |
Ligia Marroquin Administrative Coord | 40 | $67,981 | |
James Bohart Jr Director, Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America | 12/30/21 | $209,256 |
Rbc Wealth Management | 12/30/21 | $463,520 |
Brown Advisory Inc | 12/30/21 | $162,546 |
Cambridge Trust Company | 12/30/21 | $114,300 |
Intentional Philanthropy Llc | 12/30/21 | $173,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,469 |
| Dividends & Interest | $1,925,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,941,344 |
| Capital Gain Net Income | $30,941,344 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$58,036 |
| Total Revenue | $32,812,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $747,358 |
| Pension plans, employee benefits | $194,830 |
| Interest | $4,841 |
| Taxes | $577,957 |
| Depreciation | $0 |
| Occupancy | $52,981 |
| Travel, conferences, and meetings | $29,614 |
| Printing and publications | $0 |
| Other expenses | $1,255,877 |
| Total operating and administrative expenses | $4,471,510 |
| Contributions, gifts, grants paid | $11,508,000 |
| Total expenses and disbursements | $15,979,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,405 |
| Savings and temporary cash investments | $10,116,863 |
| 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 | $52,485 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $141,897,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $676,444 |
| Total assets | $294,733,951 |
| Accounts payable and accrued expenses | $279,283 |
| Grants payable | $4,640,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,565,630 |
| Total liabilities | $6,484,913 |
Grants Awarded
Over the last fiscal year, Educational Foundation Of America has awarded $12,743,000 in support to 217 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: RETIRE & REINVEST, WITH GENERAL OPERATING SUPPORT FOR TECHNICAL ASSISTANCE TO THE FIELD | $300,000 |
Washington, DC PURPOSE: RETIRE & REINVEST, WITH GENERAL OPERATING SUPPORT FOR TECHNICAL ASSISTANCE TO THE FIELD | $300,000 |
Washington, DC PURPOSE: PROJECT OPPORTUNITY: IMPROVING REPRODUCTIVE HEALTH IN EASTERN KENTUCKY (A.K.A. ALL ACCESS EKY) | $200,000 |
Washington, DC PURPOSE: PROJECT OPPORTUNITY: IMPROVING REPRODUCTIVE HEALTH IN EASTERN KENTUCKY | $200,000 |
ENVIRONMENTAL DEFENSE FUND INCORPORATED PURPOSE: EDF NORTH CAROLINA: MOVING FROM CLIMATE COMMITMENTS TO CLEAN POWER | $175,000 |
CLEAN ENERGY BUYERS INSTITUTE PURPOSE: ADVANCING A NET-ZERO GRID IN THE WEST | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Communities In Schools Inc Alexandria, VA | $73,470,009 | $25,993,702 |
University Of Virginia Law School Foundation Charlottesville, VA | $789,832,433 | $37,875,854 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Vmi Foundation Lexington, VA | $567,221,875 | $26,799,966 |
Benedictine Educational Foundation Richmond, VA | $29,794,107 | $10,827,292 |