Falmouth Education Foundation
- Assets
- $883.8k
- Revenue
- $62.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Falmouth, ME
- Founding
- 01/1994
- Data as of
- 06/2021
- EIN
- 22-3267950
Organization Overview
Falmouth Education Foundation is located in Falmouth, ME. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Falmouth 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, Falmouth Education Foundation generated $62.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $26.2k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FALMOUTH EDUCATION FOUNDATION (FEF), FOUNDED IN 1993, ENHANCES EDUCATIONAL EXCELLENCE AND PROMOTES INNOVATIVE STUDENT DEVELOPMENT BY SUPPORTING EDUCATIONAL PROGRAMS AND INITIATIVES THAT PRIMARILY BENEFIT CHILDREN, PRE-SCHOOL THROUGH GRADE 12, WHO ARE RESIDENTS OF FALMOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GRANTS FUNDS TO THE LOCAL SCHOOL DISTRICT TO AID IN THEIR MISSION OF PROVIDING QUALITY PUBLIC EDUCATION TO THE CHILDREN OF THE FALMOUTH COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Reany President | OfficerTrustee | 1 | $0 |
Kristina Lieberman Secretary | OfficerTrustee | 0.5 | $0 |
Karen Cowperthwaite Treasurer | OfficerTrustee | 0.5 | $0 |
Penny Guyton Director | Trustee | 0.5 | $0 |
Christine Goodbody Director | Trustee | 0.5 | $0 |
Erica Pausman Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,750 |
| Investment income | $9,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,602 |
| Net Income from Fundraising Events | $1,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,014 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,093 |
| All other expenses | $0 |
| Total functional expenses | $26,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,211 |
| 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 | $0 |
| Investments—publicly traded securities | $833,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $883,835 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $883,835 |
Grants Awarded
Over the last fiscal year, Falmouth Education Foundation has awarded $20,301 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FALMOUTH ME PUBLIC SCHOOLS PURPOSE: EDUC. TRAINING, EQUIPMENT | $10,301 |
Falmouth, ME PURPOSE: EDUC. TRAINING, EQUIPMENT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Falmouth Education Foundation has recieved totaling $213.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Nashua Inc Nashua, NH | $1,945,140 | $2,501,353 |
Heart Of Maine United Way Bangor, ME | $5,339,304 | $2,989,676 |
Jewish Community Alliance Of Southern Maine Portland, ME | $12,590,266 | $2,545,946 |
United Way Of Mid Coast Maine Inc Bath, ME | $2,637,313 | $1,845,712 |
United Way Of Kennebec Valley Augusta, ME | $2,973,844 | $2,086,314 |
Monadnock United Way Inc Keene, NH | $3,611,197 | $2,296,861 |
The Masonic Charitable Foundation Of The Grand Lodge Of Maine Holden, ME | $35,415,349 | $2,059,993 |
Foundation For Portland Public Schools Portland, ME | $1,243,540 | $1,739,135 |
United Way Of Androscoggin County Inc Lewiston, ME | $3,239,187 | $1,022,027 |
United Way Of Aroostook Presque Isle, ME | $423,672 | $720,193 |
Nashau Ice Skating Center Corp Nashua, NH | $1,949,288 | $911,265 |
United Mid-Coast Charities Inc Camden, ME | $5,640,036 | $840,362 |