Foundation For World Education Inc
- Assets
- $2.3m
- Revenue
- $171.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Lowell, MA
- Founding
- 02/1957
- Data as of
- 12/2022
- EIN
- 13-6169404
Organization Overview
Foundation For World Education Inc is located in Lowell, MA. The organization was established in 1957. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For World Education 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 12/2022, Foundation For World Education Inc generated $171.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $107.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation For World Education Inc has awarded 218 individual grants totaling $1,074,714. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION GRANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION GRANTS AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schlorholtz President | 1 | $0 | |
Mateo Needham Secretary/tr | 1 | $0 | |
Chaitanya Datla Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,456 |
| Interest on Savings | $309 |
| Dividends & Interest | $17,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,038 |
| Capital Gain Net Income | $83,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $707 |
| Printing and publications | $0 |
| Other expenses | $12,616 |
| Total operating and administrative expenses | $26,834 |
| Contributions, gifts, grants paid | $80,451 |
| Total expenses and disbursements | $107,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,225 |
| 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 | $2,336,178 |
| Accounts payable and accrued expenses | $1,231 |
| 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 | $1,231 |
Grants Awarded
Over the last fiscal year, Foundation For World Education Inc has awarded $80,451 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AURO MIRA SERVICE SOCIETY PURPOSE: OPERATING EXPENSES | $18,000 |
SRI AUROBINDO SADHANA PEETHAM PURPOSE: OPERATIONAL EXPENSES | $1,120 |
SRI AUROBINDO ASHRAM DELHI BRANCH PURPOSE: SCIENCE WORKSHOPS | $4,280 |
MIDWIVES COLLEGE OF UTAH PURPOSE: TUITION | $7,260 |
AUROVILLE FOUNDATION PURPOSE: EDUCATIONAL/TRAINING/OPERATIONS | $36,499 |
SARVAM TRUST PURPOSE: CREATE FILM ON SRI AUROBINDO'S LIFE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scope Education Services Smithtown, NY | $26,452,379 | $48,816,383 |
Pricewaterhouse Coopers Charitable Foundation New York, NY | $109,301,795 | $23,656,851 |
Covenant Foundation New York, NY | $8,238,129 | $6,350,177 |
American Friends Of Bet El Yeshiva Center Woodmere, NY | $30,274 | $3,434,365 |
American Federation Of Teachers Commack, NY | $337,757 | $796,659 |
American Federation Of Teachers Kings Park, NY | $260,698 | $312,362 |
Science Teachers Association Of New York State Inc Syracuse, NY | $570,486 | $298,107 |
Dover And Sherborn Education Fund Inc Dover, MA | $0 | $587 |
Westchester & Putnam College Conferences Inc Crompond, NY | $6,638 | $0 |
Foundation For World Education Inc Lowell, MA | $2,336,178 | $171,121 |