Ephrata Area Education Foundation
- Assets
- $585.0k
- Revenue
- $184.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Ephrata, PA
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 20-0669572
Organization Overview
Ephrata Area Education Foundation is located in Ephrata, PA. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Ephrata Area Education 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, Ephrata Area Education Foundation generated $184.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $138.0k during the year ending 06/2022. While expenses have increased by 7.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING TO PUBLIC SCHOOLS IN THE EPHRATA AREA SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENRICH THE EDUCATIONAL OPPORTUNITIES OFFERED BY THE EPHRATA AREA SCHOOL DISTRICT BY SECURING FINANCIAL SUPPORT AND PROVIDING LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Trout Non-Voting Executive Di | OfficerTrustee | 25 | $30,000 |
Kristee Reichard Non-Voting Assistant Tr | Trustee | 1 | $0 |
Sarah Mcbee Non-Voting Recording Se | Trustee | 1 | $0 |
Dane Burkholder Board Member | Trustee | 1 | $0 |
Jun Chon Board Member | Trustee | 1 | $0 |
Jacy Clugston-Hess Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,523 |
| Investment income | $1,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,012 |
| Net Income from Fundraising Events | $50,858 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $184,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $242 |
| Office expenses | $996 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$323 |
| All other expenses | $0 |
| Total functional expenses | $138,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $548,694 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,377 |
| 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 | $2,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $24,926 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $584,997 |
| Accounts payable and accrued expenses | $3,410 |
| 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 | $3,410 |
| Net assets without donor restrictions | $220,181 |
| Net assets with donor restrictions | $361,406 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $581,587 |
Grants Awarded
Over the last fiscal year, Ephrata Area Education Foundation has awarded $59,052 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EPHRATA AREA SCHOOL DISTRICT PURPOSE: VENTURE GRANTS | $52,062 |
EPHRATA AREA SCHOOL DISTRICT PURPOSE: TEST& ENROLL FEES | $6,990 |