Belmont Education Foundation

Organization Overview

Belmont Education Foundation is located in Belmont, MA. The organization was established in 1993. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, 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. Belmont 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, Belmont Education Foundation generated $198.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $63.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPORT AND ENRICHMENT TO THE BELMONT PUBLIC SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE LEARNING EXCELLENCE AND SPECIAL INITIATIVES GRANTS TO TEACHERS AND ADMINISTRATORS AND TO PROVIDE ENRICHMENT MATERIALS FOR THE BELMONT PUBLIC SCHOOL SYSTEM.


TEACHER RECOGNITION AWARDS


PROVIDE LEARNING EXCELLENCE AND SPECIAL INITIATIVES GRANTS TO TEACHERS AND ADMINISTRATORS AND TO PROVIDE ENRICHMENT MATERIALS FOR THE BELMONT PUBLIC SCHOOL SYSTEM.


TEACHER RECOGNITION AWARDS


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$37,440
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$113,150
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$150,590
Total Program Service Revenue$0
Investment income $8,167
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $198,771

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Belmont Education Foundation has recieved totaling $16,710.

Awarding OrganizationAmount
Belmont Savings Bank Foundation

Belmont, MA

PURPOSE: EXCELLENCE IN LEARNING

$10,000
Alan K And Isabelle Derkazarian Foundation

Belmont, MA

PURPOSE: UNRESTRICTED

$5,000
Ganguly Family Foundation Inc

Belmont, MA

PURPOSE: HUMANITARIAN

$1,100
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$510
Richard And Susan Smith Family Foundation

Newton, MA

PURPOSE: EDUCATION

$100
View Grant Recipient Profile

Peer Organizations

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