Fairhope Educational Enrichment Foundation Inc

Organization Overview

Fairhope Educational Enrichment Foundation Inc is located in Fairhope, AL. The organization was established in 1996. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Fairhope Educational Enrichment Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairhope Educational Enrichment 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 07/2022, Fairhope Educational Enrichment Foundation Inc generated $560.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $293.3k during the year ending 07/2022. While expenses have increased by 0.5% 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 2015, Fairhope Educational Enrichment Foundation Inc has awarded 67 individual grants totaling $1,732,653. 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

THE ORGANIZATION PROVIDES GRANTS AND SUPPORT TO PUBLIC SCHOOLS IN THE FAIRHOPE COMMUNITY. THE PURPOSE IS TO AID EDUCATIONAL PROGRAMS AND FACILITIES AND PROVIDE FUNDING FOR THE BETTERMENT OF EDUCATION IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANT APPLICATIONS ARE ACCEPTED FROM LOCAL PUBLIC SCHOOLS AND BASED ON THE AVAILABILITY OF FUNDS AND THE NATURE OF THE REQUEST, FUNDS ARE DISBURSED FOR GRANTS ACCEPTED. THE GRANTS ARE USED TO SUPPLEMENT THE SCHOOLS BY PROVIDING NEEDED ENRICHMENT PROGRAMS, SUPPLIES, EQUIPMENT, AND TEACHER PROFESSIONAL DEVELOPMENT.


GRANT APPLICATIONS ARE ACCEPTED FROM LOCAL PUBLIC SCHOOLS AND BASED ON THE AVAILABILITY OF FUNDS AND THE NATURE OF THE REQUEST, FUNDS ARE DISBURSED FOR GRANTS ACCEPTED. THE GRANTS ARE USED TO SUPPLEMENT THE SCHOOLS BY PROVIDING NEEDED ENRICHMENT PROGRAMS, SUPPLIES, EQUIPMENT, AND TEACHER PROFESSIONAL DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Julie Fancher
Treasurer
$0
Anne Dorman
Vice Preside
$0
Davis Brock
President
$0
Lauren Brennen
Board Member
$0
Celeste Decorte
Board Member
$0
Brian Chew
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$323,998
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$323,998
Total Program Service Revenue$0
Investment income $106,514
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $130,276
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $560,788

Grants Awarded

Over the last fiscal year, Fairhope Educational Enrichment Foundation Inc has awarded $128,189 in support to 5 organizations.

Grant RecipientAmount

OTHER GRANTS

|

|

$48,189

FAIRHOPE ELEMENTARY SCHOOL

|

|

$32,000

FAIRHOPE HIGH SCHOOL

|

|

$16,000

FAIRHOPE MIDDLE SCHOOL

|

|

$16,000

J LARRY NEWTON SCHOOL

Org PageRecipient Profile

Fairhope, AL

|

$16,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Fairhope Educational Enrichment Foundation Inc has recieved totaling $215,168.

Awarding OrganizationAmount
$200,000
Dunn Foundation

Birmingham, AL

PURPOSE: CHARITABLE PROGRAMS

$15,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$168
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,395,397
Earnings-$152,124
Admin Expense$27,059
Grants$96,600
Ending Balance$2,119,614

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