Foundation For Adventist Education
- Assets
- $12.1m
- Revenue
- $1.6m
- Investments
- $11.8m
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 54-6771807
Organization Overview
Foundation For Adventist Education is located in Silver Spring, MD. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Adventist 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 Adventist Education generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 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.
Since 2014, Foundation For Adventist Education has awarded 90 individual grants totaling $3,893,075. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest Edward Zinke Trustee | 1 | $0 | |
Leonora Anne Zinke Trustee | 1 | $0 | |
Douglas Zinke Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $315,000 |
| Interest on Savings | $6,887 |
| Dividends & Interest | $333,822 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $836,965 |
| Capital Gain Net Income | $836,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108,999 |
| Total Revenue | $1,601,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $374 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $599 |
| Printing and publications | $0 |
| Other expenses | $161,436 |
| Total operating and administrative expenses | $175,194 |
| Contributions, gifts, grants paid | $963,946 |
| Total expenses and disbursements | $1,139,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $283,076 |
| 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 | $9,043,122 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $563 |
| Total assets | $12,064,367 |
| Accounts payable and accrued expenses | $45,000 |
| 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 | $45,000 |
Grants Awarded
Over the last fiscal year, Foundation For Adventist Education has awarded $963,946 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTIST THEOLOGICAL SOCIETY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $200,000 |
Nampa, ID PURPOSE: TO HELP FUND THE BIBLE COMMENTARY PROJECT | $180,946 |
SPENCERVILLE SDA CHURCH PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $180,000 |
Berrien Springs, MI PURPOSE: TO HELP FUND THE ARARAT PROJECT | $125,000 |
SPENCERVILLE SDA CHURCH PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $98,000 |
Spencerville, MD PURPOSE: TO HELP FUND THE GENERAL SCHOLARSHIP FUND OF THE SCHOOL | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |