Falmouth Education Foundation Inc
- Assets
- $549.2k
- Revenue
- $174.0k
- Investments
- $216.8k
- Employees
- 1
- Location
- Falmouth, MA
- Founding
- 02/2007
- Data as of
- 06/2024
- EIN
- 56-2528431
Organization Overview
Falmouth Education Foundation Inc is located in Falmouth, MA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Falmouth Education 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 06/2024, Falmouth Education Foundation Inc generated $174.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $262.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FALMOUTH EDUCATION FOUNDATION IS TO ENHANCE EDUCATIONAL EXCELLENCE IN THE FALMOUTH PUBLIC SCHOOLS. BELIEVING THAT QUALITY PUBLIC SCHOOLS ARE ESSENTIAL TO A THRIVING COMMUNITY, THE FOUNDATION SEEKS TO DEVELOP THE CHARITABLE SUPPORT NEEDED TO SUPPLEMENT THE PUBLICLY FUNDED SCHOOL BUDGET.
Describe the Organization's Program Activity:
WE ACCOMPLISH OUR MISSION THROUGH OUR GRANTS PROGRAM THAT PROVIDES SCHOOL STAFF WITH THE KNOWLEDGE, EXPERIENCE, AND MATERIALS THEY NEED TO REMAIN AT THE FRONTIERS OF EDUCATIONAL EXCELLENCE. A TOTAL OF 91 GRANTS (PROJECT 41, TOF MINI 50) WERE AWARD FOR 2023-2024 IN THE FALMOUTH PUBLIC SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Mackerron Director | Trustee | 8 | $0 |
Ellen Barol Director | Trustee | 10 | $0 |
Traci Bushy Director | Trustee | 2 | $0 |
Elizabeth Dussan Director | Trustee | 8 | $0 |
Ellen Hewett President | Officer | 10 | $0 |
Carole Dembkowski Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,235 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,762 |
| Total Program Service Revenue | $0 |
| Investment income | $22,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,859 |
| Net Income from Fundraising Events | $6,605 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $154,700 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,589 |
| Fees for services: Other | $1,696 |
| Advertising and promotion | $0 |
| Office expenses | $3,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,800 |
| 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 | $1,372 |
| All other expenses | $2,127 |
| Total functional expenses | $262,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,816 |
| 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 | $312,316 |
| Investments—other securities | $216,849 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,213 |
| Total assets | $549,194 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $549,194 |
| Net assets with donor restrictions | $0 |
| 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 | $549,194 |