Foundation For Boyertown Education
- Assets
- $442.7k
- Revenue
- $232.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Boyertown, PA
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-2487831
Organization Overview
Foundation For Boyertown Education is located in Boyertown, PA. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Foundation For Boyertown Education 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 12/2021, Foundation For Boyertown Education generated $232.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $116.9k during the year ending 12/2021. While expenses have increased by 21.2% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE FOSTER ENRICHED EDUCATIONAL EXPERIENCES FOR THE STUDENTS OF THE BOYERTOWN AREA SCHOOL DISTRICT BY PROVIDING GRANTS AND ENHANCED LEARNING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING FOR INNOVATIVE EDUCATIONAL PROJECTS, ENRICHMENT PROGRAMS AND OTHER EDUCATIONAL INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Herb President | Officer | 5 | $0 |
Rod Martin Vice President | Officer | 3 | $0 |
Sheri Waldman Secretary | Officer | 3 | $0 |
Brian Snyder Treasurer | Officer | 5 | $0 |
Tracey Yergey Member | Officer | 2 | $0 |
Frank Morgan Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,901 |
| Total Program Service Revenue | $0 |
| Investment income | $1,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $50,750 |
| Compensation of current officers, directors, key employees. | $5,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,865 |
| Fees for services: Management | $710 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,467 |
| Office expenses | $1,578 |
| 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 | $1,404 |
| All other expenses | $0 |
| Total functional expenses | $116,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,392 |
| Savings and temporary cash investments | $239,342 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $442,734 |
| 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 | $371 |
| Total liabilities | $371 |
| Net assets without donor restrictions | $405,163 |
| Net assets with donor restrictions | $37,200 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $442,734 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Foundation For Boyertown Education has recieved totaling $18,778.
| Awarding Organization | Amount |
|---|---|
United Way Of The Boyertown Area Boyertown, PA PURPOSE: Health and service needs of the communit | $12,500 |
Erie Community Foundation Erie, PA PURPOSE: VARIOUS PROJECTS | $5,214 |
The Effenesse Foundation Boyertown, PA PURPOSE: CHARITABLE, ETC. PER I.R.C. SECTION 107(C)(2) | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $64 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |