Foundations In Education Inc

Organization Overview

Foundations In Education Inc is located in Bridgeport, CT. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Foundations In Education Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundations In Education 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, Foundations In Education Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.4% each year . All expenses for the organization totaled $5.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Foundations In Education Inc has awarded 179 individual grants totaling $32,828,540. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO STRENGTHEN AND TRANSFORM THE MISSION OF CATHOLIC EDUCATION IN THE DIOCESE OF BRIDGEPORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPMENT AND PLANNING OF PROGRAMS TO STRENGTHEN AND TRANSFORM THE MISSION OF CATHOLIC EDUCATION IN THE DIOCESE OF BRIDGEPORT BY SUPPORTING INNOVATION IN ACADEMIC AND EXTRA-CURRICULUM PROGRAMS, FOSTERING OPPORTUNITIES FOR THE PROFESSIONAL DEVELOPMENT OF SCHOOL LEADERS AND PROVIDING SCHOLARSHIP ASSISTANCE TO FAMILIES IN NEED.


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Board, Officers & Key Employees

Name (title)Compensation
Holly Doherty-Lemoine
Executive Director
$162,167
Michael Hanlon
Treasurer
$0
Thomas E Mcinerney
Chairman
$0
Joseph Purcell
Vice Chairman
$0
Michele Mitola
Secretary
$0
Anne O Mccrory
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,300,135
Related organizations$946,169
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,888,444
Noncash contributions included in lines 1a–1f $2,354,299
Total Revenue from Contributions, Gifts, Grants & Similar$10,134,748
Total Program Service Revenue$0
Investment income $1,012,441
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $403,137
Net Income from Fundraising Events -$32,553
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,526,982

Grants Awarded

Over the last fiscal year, Foundations In Education Inc has awarded $5,346,718 in support to 24 organizations.

Grant RecipientAmount

CATHOLIC ACADEMIES OF BRIDGEPORT

Org PageRecipient Profile

Bridgeport, CT

PURPOSE: Scholarships

$1,364,589

ST PETER SCHOOL LLC

Org PageRecipient Profile

Danbury, CT

PURPOSE: Scholarships/Grants

$450,602

OFFICE OF SCHOOL SUPERINTENDENT - DIO OF BPT

Org PageRecipient Profile

Bridgeport, CT

PURPOSE: Scholarships/grants

$443,208

KOLBE CATHEDRAL HIGH SCHOOL INC

Org PageRecipient Profile

Bridgeport, CT

PURPOSE: Scholarships

$430,164

ASSUMPTION CATHOLIC SCHOOL LLC

Org PageRecipient Profile

Fairfield, CT

PURPOSE: Scholarships

$333,440

ST JOSEPH'S HIGH SCHOOL INC

Org PageRecipient Profile

Trumbull, CT

PURPOSE: Scholarships

$285,979
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Foundations In Education Inc has recieved totaling $376,685.

Awarding OrganizationAmount
Theodore J Forstmann Charitable Trust

New York, NY

PURPOSE: GENERAL EXEMPT PURPOSE

$200,000
Rather Family Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$30,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$25,000
Maximilian E & Marion O Hoffman Foundation Inc

West Hartford, CT

PURPOSE: GENERAL

$25,000
John And Ethel Kashulon Foundation

Wilmington, DE

PURPOSE: THE BISHOP'S SCHOLARSHIP FUND

$20,000
Heffernan Family Foundation

Rye Brook, NY

PURPOSE: GENERAL OPERATING SUPPORT

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$19,807,872
Earnings-$3,173,182
Net Contributions$500,000
Grants$548,772
Ending Balance$16,585,918

Peer Organizations

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