Fcsi Education Foundation Inc
- Assets
- $595.8k
- Revenue
- $209.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 61-1286096
Organization Overview
Fcsi Education Foundation Inc is located in Louisville, KY. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fcsi 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 12/2023, Fcsi Education Foundation Inc generated $209.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $107.2k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING AND FINANCIAL RESOURCES IN SUPPORT OF RESEARCH AND EDUCATIONAL PROGRAMMING THAT PROMOTES LIFE-LONG LEARNING, PROFESSIONALISM, TRAINING, ETHICAL CONDUCT, AND THE ADVANCEMENT OF KNOWLEDGE AND DELIVERY OF INFORMATION IN THE FIELD OF FOOD SERVICE CONSULTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FCSI EDUCATIONAL FOUNDATION OFFERS HOSPITALITY AND FOODSERVICE GRANTS TO FCSI REGIONAL DIVISIONS & CHAPTERS (MEMBER CONTINUED PROFESSIONAL DEVELOPMENT) AND THE INDIVIDUALS WHO PLAN TO PURSUE A LONG STANDING CAREER IN FOODSERVICE CONSULTING, OR THOSE WHO ARE CONDUCTING ORIGINAL RESEARCH; THE RESULTS TO WHICH WOULD BENEFIT THE INDUSTRY.FSCI EF PROVIDES SUPPORT TO THE FOLLOWING PROGRAMS:THE GLOBAL INTERNSHIP PROGRAM IS DESIGNED TO PROVIDE EXPOSURE AND PATHWAYS TO A CAREER IN FOODESRVICE CONSULTING ACROSS 3 SECTORS INCLUDING MANAGEMENT CONSULTING, DESIGN CONSULTING AND EQUIPMENT MANUFACTURING AND SUPPLY.SCHOLARSHIPS FOR HIGH-ACHIEVING GRADUATE-LEVEL STUDENTS WITH AN INTEREST IN FOODSERVICE CONSULTING.FOODSERVICE CONSULTING CURRICULUM DEVELOPMENT AT HOSPITALITY SCHOOLSCASE STUDY COMPETITIONS AND AWARDS FOR HIGH ACHIEVING GRADUATE-LEVEL STUDENTS.GRANTS TO ATTEND FCSI CONFERENCES.ORIGINAL RESEARCH AND LITERATURE ON FOODSERVICE ADN HOSPITALITY CONSULTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Brain Director | Trustee | 0.25 | $0 |
Ben Gregoire Director | Trustee | 0.25 | $0 |
Christine Guyott Director | Trustee | 0.25 | $0 |
Jurg Luginbuhl Director | Trustee | 0.25 | $0 |
Jay Bravinder Director | Trustee | 0.25 | $0 |
Mick Jary Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,201 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,211 |
| Total Program Service Revenue | $0 |
| Investment income | $12,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,225 |
| Fees for services: Legal | $725 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,288 |
| Fees for services: Other | $7,030 |
| Advertising and promotion | $16,399 |
| Office expenses | $2,141 |
| Information technology | $12,936 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,898 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,354 |
| All other expenses | $0 |
| Total functional expenses | $107,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,386 |
| Savings and temporary cash investments | $23,253 |
| 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 | $11,280 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $423,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $595,802 |
| 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 | $347,572 |
| Net assets with donor restrictions | $248,230 |
| 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 | $595,802 |