El Dorado Education Foundation Inc
- Assets
- $2.3m
- Revenue
- $83.8k
- Investments
- $0.0
- Employees
- 1
- Location
- El Dorado, AR
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 71-0783351
Organization Overview
El Dorado Education Foundation Inc is located in El Dorado, AR. The organization was established in 1996. 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. El Dorado 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 12/2021, El Dorado Education Foundation Inc generated $83.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $328.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, El Dorado Education Foundation Inc has awarded 27 individual grants totaling $132,249. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING EL DORADO'S PUBLIC SCHOOL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
7 GRANTS WERE AWARDED TO LOCAL PUBLIC SCHOOLS FOR SPECIFIC ENRICHMENT PROGRAMS BASED ON TEACHER PROPOSALS. HUNDREDS OF STUDENTS PARTICIPATED. 15 EDUCATORS WERE AWARDED CASH PRIZES FOR EXCELLENCE. STUDENTS WERE AWARDED ACADEMIC LETTER JACKETS.
MAINTAINING LITERACY CHAIR FOR GRADES K - 12.
MAINTAINING SCIENCE CHAIR FOR GRADES K - 12.
MAINTAINING MATH CHAIR FOR GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Compton Secretary | OfficerTrustee | 0.5 | $0 |
Claiborne Deming President | OfficerTrustee | 0.5 | $0 |
Alice Mahony Vice President | OfficerTrustee | 0.5 | $0 |
Margy Merkle Niel Director | Trustee | 0.5 | $0 |
Sherrel Johnson Director | Trustee | 0.5 | $0 |
Elise Drake Director | Trustee | 0.5 | $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 | $65,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,896 |
| Total Program Service Revenue | $0 |
| Investment income | $42,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,814 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,654 |
| Grants and other assistance to domestic individuals. | $14,750 |
| 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 | $25,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,108 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,801 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $350 |
| All other expenses | $9,267 |
| Total functional expenses | $328,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,258 |
| Savings and temporary cash investments | $501,387 |
| 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 | $1,366,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,331,694 |
| 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 | $1,725 |
| Total liabilities | $1,725 |
| Net assets without donor restrictions | $1,817,958 |
| Net assets with donor restrictions | $512,011 |
| 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 | $2,331,694 |
Grants Awarded
Over the last fiscal year, El Dorado Education Foundation Inc has awarded $34,368 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EL DORADO SCHOOLS PURPOSE: EDUCATION | $13,949 |
WASHINGTON MIDDLE SCHOOL PURPOSE: EDUCATION | $9,458 |
HUGH GOODWIN ELEMENTARY PURPOSE: EDUCATION | $5,000 |
BARTON JUNIOR HIGH PURPOSE: EDUCATION | $4,992 |
YOCUM MATH & SCIENCE ELEMENTARY SCHOOL PURPOSE: EDUCATION | $969 |
NORTHWEST ACADEMY PURPOSE: EDUCATION | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |