Foundation For Educational Administration
- Assets
- $8.0m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 249
- Location
- Monroe Twp, NJ
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 22-2757694
Organization Overview
Foundation For Educational Administration is located in Monroe Twp, NJ. The organization was established in 1987. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Foundation For Educational Administration employed 249 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Educational Administration 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, Foundation For Educational Administration generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING EDUCATION ADMINISTRATION IN THE STATE OF NEW JERSEY
Describe the Organization's Program Activity:
PROFESSIONAL DEVELOPMENT PROGRAMS DESIGNED FOR PRINCIPALS AND SUPERVISORS OF NEW JERSEY SCHOOLS
GRANTS FROM VARUOUS SOURCES TO PROVIDE DISTRICT/SCHOOL CREATIVE LEADERSHIP TEAMS WITH PROGRAMMING TO DESIGN AND IMPLEMENT ARTS INTEGRATION STRATEGIES
PROFESSIONAL DEVELOPMENT PROGRAM DESIGNED TO ACCREDIT NEW SUPERVISORS AND PRINCIPALS IN NEW JERSEY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen A Bingert President | 15 | $0 | |
Denise Hecht CFO | 15 | $0 | |
David Nash | 40 | $193,808 | |
Donna Mcinerney CEO | 40 | $168,754 | |
Mary M Reece | 30 | $157,107 | |
Angelinia Finnegan | 40 | $117,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,477,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,627,653 |
| Total Program Service Revenue | $5,430,331 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $215 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,142,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $519,669 |
| Compensation of current officers, directors, key employees. | $72,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,646,509 |
| Pension plan accruals and contributions | $140,210 |
| Other employee benefits | $197,200 |
| Payroll taxes | $240,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $93,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,638 |
| Advertising and promotion | $0 |
| Office expenses | $140,399 |
| Information technology | $21,604 |
| Royalties | $0 |
| Occupancy | $229,060 |
| Travel | $3,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,755 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255,528 |
| Insurance | $41,606 |
| All other expenses | $0 |
| Total functional expenses | $6,823,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,413,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,281,499 |
| 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 | $52,295 |
| Net Land, buildings, and equipment | $5,261,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,009,149 |
| Accounts payable and accrued expenses | $668,360 |
| Grants payable | $0 |
| Deferred revenue | $1,906,395 |
| 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 | $2,574,755 |
| Net assets without donor restrictions | $4,596,685 |
| Net assets with donor restrictions | $837,709 |
| 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 | $8,009,149 |