Deo B Colburn Education Foundation
- Assets
- $7.9m
- Revenue
- $1.3m
- Investments
- $7.6m
- Employees
- 0
- Location
- Lake Placid, NY
- Founding
- 03/1987
- Data as of
- 06/2021
- EIN
- 22-2777121
Organization Overview
Deo B Colburn Education Foundation is located in Lake Placid, NY. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Deo B Colburn 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 06/2021, Deo B Colburn Education Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $495.6k during the year ending 06/2021. While expenses have increased by 5.7% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AID TO 337 STUDENTS FOR THEIR ATTENDANCE AT COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Randall President | 1 | $500 | |
Margaret E Doran Treasurer | 1 | $500 | |
Stephen Reed Secretary | 1 | $500 | |
Kelly Conway Vice Preside | 1 | $400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $97 |
| Dividends & Interest | $156,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,083,985 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,500 |
| Total Revenue | $1,260,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,984 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$5,625 |
| Total operating and administrative expenses | $78,571 |
| Contributions, gifts, grants paid | $417,000 |
| Total expenses and disbursements | $495,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,498 |
| Savings and temporary cash investments | $236,862 |
| 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 | $7,901,363 |
| Accounts payable and accrued expenses | $0 |
| 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 | -$17,106 |
| Total liabilities | -$17,106 |
Grants Awarded
Over the last fiscal year, Deo B Colburn Education Foundation has awarded $417,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP AID TO 335 STUDENTS PURPOSE: FURTHER HIGHER EDUCATION | $414,000 |
SCHOLARSHIP AID REISSUED 2 STUDENTS PURPOSE: FURTHER HIGHER EDUCATION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |