Franchell Boswell Educational Foundation Inc
- Assets
- $236.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Aurora, IL
- Founding
- 10/1994
- Data as of
- 06/2022
- EIN
- 36-3946246
Organization Overview
Franchell Boswell Educational Foundation Inc is located in Aurora, IL. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Franchell Boswell Educational 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 06/2022, Franchell Boswell Educational Foundation Inc generated $32.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $21.6k during the year ending 06/2022. While expenses have increased by 15.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE SCHOLARSHIPS AND GRANTS TO TEENS FOR COLLEGE TUITION AND EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Pope President | 10 | $0 | |
Audrie Lawton 1st Vice President | 2 | $0 | |
Drema Lee Woldman 2nd Vice President | 2 | $0 | |
Cleatrice Mctorry Financial Secretary | 5 | $0 | |
Lynda Garrison-Carlton Treasurer | 5 | $0 | |
Brenda Roper Recording Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,718 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,800 |
| Investment income | $1,676 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$5,040 |
| Other Revenue | $0 |
| Total Revenue | $32,154 |
| 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 | $919 |
| Other expenses | $6,439 |
| Total expenses | $21,632 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $236,292 |
| Other assets | $0 |
| Total assets | $236,292 |
| Total liabilities | $11,493 |
| Net assets or fund balances | $224,799 |