Kaplan Educational Foundation
- Assets
- $4.8m
- Revenue
- $561.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2019
- Data as of
- 06/2022
- EIN
- 20-0495155
Organization Overview
Kaplan Educational Foundation is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaplan Educational 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 06/2022, Kaplan Educational Foundation generated $561.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $891.4k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ACADEMIC AND FINANCIAL SUPPORT TO STRONG COLLEGE STUDENTS WITH DEMONSTRATED NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ELIMINATE BARRIERS TO HIGHER EDUCATION FOR OVERLOOKED AND UNDER-SERVED STUDENTS AND DEVELOP THEM AS WORLD LEADERS AND ADVOCATES FOR THEIR COMMUNITIES BY PROVIDING A COMPREHENSIVE ARRAY OF FINANCIAL AND ACADEMIC SUPPORT, TRANSFER ADMISSIONS, ADVISING AND LEADERSHIP SKILLS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Neumann Director | Trustee | 3 | $0 |
Ernest Bervell Mensah Director | Trustee | 3 | $0 |
Harold Elish Director | Trustee | 3 | $0 |
Jane Rosenberg Director | Trustee | 3 | $0 |
Jennifer Markowitz Director | Trustee | 3 | $0 |
Jon-Paul Bernard Director | Trustee | 3 | $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 | $313,197 |
| Noncash contributions included in lines 1a–1f | $6,313 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,197 |
| Total Program Service Revenue | $0 |
| Investment income | $109,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $138,605 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,925 |
| Compensation of current officers, directors, key employees. | $42,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $189 |
| Fees for services: Accounting | $19,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $71,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,585 |
| Advertising and promotion | $1,283 |
| Office expenses | $0 |
| Information technology | $3,804 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,641 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $24,057 |
| Total functional expenses | $891,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $32,000 |
| Net Land, buildings, and equipment | $3,993 |
| Investments—publicly traded securities | $4,587,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,769,790 |
| Accounts payable and accrued expenses | $204,352 |
| Grants payable | $0 |
| 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 | $204,352 |
| Net assets without donor restrictions | $4,565,438 |
| 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 | $4,769,790 |