Educational Advancement Foundation
- Assets
- $194.2k
- Revenue
- $96.7k
- Investments
- $96.3k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/1969
- Data as of
- 12/2022
- EIN
- 23-7001761
Organization Overview
Educational Advancement Foundation is located in Austin, TX. The organization was established in 1969. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. Educational Advancement 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 12/2022, Educational Advancement Foundation generated $96.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $47.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (34.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Educational Advancement Foundation has awarded 76 individual grants totaling $1,480,907. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE INITIATIVE FOR MATHEMATICS LEARNING BY INQUIRY (IMLI). IMLI WORKS TO STRENGHTEN THE MATHEMATICAL PREPARATION OF ALL STUDENTS BY SUPPORTING & EXPANDING THE COMMUNITY OF TEACHER-PRACTITIONERS AT THE UNDERGRADUATE, GRADUATE, & PRE-COLLEGE LEVELS IN INQUIRY BASED LEARNING (IBL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fain Brock President | 24 | $0 | |
Albert Lewis Secretary | 1 | $0 | |
William C Hamilton Trustee | 1 | $0 | |
Don Wukasch Trustee | 1 | $0 | |
Pat Pound Trustee | 1 | $0 | |
Brian Raines Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,088 |
| Total Revenue | $96,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,998 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $845 |
| Total operating and administrative expenses | $7,880 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $47,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,929 |
| Savings and temporary cash investments | $0 |
| 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 | $96,338 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42,932 |
| Total assets | $194,199 |
| Accounts payable and accrued expenses | $5,991 |
| 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 | $0 |
| Total liabilities | $5,991 |
Grants Awarded
Over the last fiscal year, Educational Advancement Foundation has awarded $8,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE INITIATIVE FOR MATHEMATICS PURPOSE: FUND OPERATIONS PER MOU | $7,500 |
TYRRELL HISTORICAL LIBRARY ASSOCIAT PURPOSE: IN MEMORY OF PHILIP BLAND LUCAS | $400 |
BOY'S HAVEN OF AMERICA INC PURPOSE: IN MEMORY OF MILDRED BLAND LUCAS | $1,000 |