Educare Foundation Inc
- Assets
- $183.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Orange, NJ
- Founding
- 12/1998
- Data as of
- 12/2019
- EIN
- 22-3613696
Organization Overview
Educare Foundation Inc is located in West Orange, NJ. The organization was established in 1998. 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. Educare Foundation Inc 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 12/2019, Educare Foundation Inc generated $78.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $37.7k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PROVIDED CASH SCHOLRSHIP,FURNITURE,EQUIPMENT,SCHOOL CONSTRUCTION,& SCHOOL SUPPLIES TO 12 SCHOOL FOR 400 INTELLIGENT POOR, HANDICAPPED STUDENTS.ARRANGED ESSAY CONTEST & DISTRIBUTED PRIZE TO WINNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naresh Jain President/trustee | 0.5 | $0 | |
Pawan Jain Trustee & Treasurer | 1 | $0 | |
Ashok Jain Trustee | 0.5 | $0 | |
Ari Jain Vice President | 0.5 | $0 | |
Shanti Lal Lunia Trustee | 0.5 | $0 | |
Aparna Parshar President/trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,537 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,414 |
| Gain or Loss | $145 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,096 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,426 |
| Total expenses | $37,726 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $183,409 |
| Other assets | $0 |
| Total assets | $183,409 |
| Total liabilities | $0 |
| Net assets or fund balances | $183,409 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Educare Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Shantilal And Chandrakanta Lunia Foundation Inc Satellite Beach, FL PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |