Ed Foundation
- Assets
- $87.7m
- Revenue
- $87.0k
- Investments
- $85.4m
- Employees
- 0
- Location
- Johnson City, TX
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 74-2804730
Organization Overview
Ed Foundation is located in Johnson City, TX. The organization was established in 1997. 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. Ed Foundation 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, Ed Foundation generated $87.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ed Foundation has awarded 160 individual grants totaling $33,978,886. 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 |
|---|---|---|---|
Jeff Sandefer President | 0.1 | $0 | |
Laura Sandefer Secretary & Director | 0.1 | $0 | |
Juan Bonifasi Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,925 |
| Capital Gain Net Income | $74,925 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53 |
| Total Revenue | $86,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,301 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,916 |
| Printing and publications | $0 |
| Other expenses | $95,294 |
| Total operating and administrative expenses | $117,295 |
| Contributions, gifts, grants paid | $3,984,461 |
| Total expenses and disbursements | $4,101,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $613,352 |
| 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 | $1,745,703 |
| Investments—mortgage loans | $0 |
| Investments—other | $83,072,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $87,717,233 |
| Accounts payable and accrued expenses | $544 |
| 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 | $544 |
Grants Awarded
Over the last fiscal year, Ed Foundation has awarded $3,959,461 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ACTON FOUNDATION FOR ENTREPRENEURSHIP EDUCATION AND RELIGIOUS FREEDOM PURPOSE: GENERAL SUPPORT | $50,000 |
ACTON SCHOOL OF BUSINESS PURPOSE: GENERAL SUPPORT | $3,242,961 |
CHRISTIAN CARE MINISTRY PURPOSE: GENERAL SUPPORT | $50,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $25,000 |
FOUNDATION FOR ECONOMIC EDUCATION PURPOSE: GENERAL SUPPORT | $25,000 |
GAZELLE FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |