First Command Educational Foundation
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $395.4k
- Employees
- 9
- Location
- Fort Worth, TX
- Founding
- 07/1984
- Data as of
- 12/2022
- EIN
- 75-1973894
Organization Overview
First Command Educational Foundation is located in Fort Worth, TX. The organization was established in 1984. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2022, First Command Educational Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Command Educational 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 12/2022, First Command Educational Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THOSE WHO SERVE. WE ARE COMMITTED TO ENSURING THAT OUR ACTIVE DUTY AND VETERAN SERVICE MEMBERS, AND OTHERS, RECEIVE FINANCIAL READINESS EDUCATION. OUR PROGRAMS OFFER VALUABLE AND RELEVANT MATERIAL ON NUMEROUS TOPICS, REGARDLESS OF CAREER OR LIFE STAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS: FCEF OFFERS IN-PERSON AND VIRTUAL FINANCIAL READINESS EDUCATION COURSES FOR PEOPLE IN ALL COMMUNITY SECTORS AND ALL CAREER AND LIFE STAGES. THESE COURSES PROVIDE THE KNOWLEDGE AND SKILLS NECESSARY TO MAKE INFORMED, INTELLIGENT FINANCIAL DECISIONS. WE OFFER A WIDE RANGE OF CURRICULA ON NUMEROUS FINANCIAL TOPICS THAT SUPPORT VARIOUS EDUCATIONAL, BUSINESS, SOCIAL SERVICE, CIVIC, AND FAITH-BASED ORGANIZATIONS ACROSS THE COUNTRY. ALL EDUCATIONAL CONTENT, RESOURCES, AND TOOLS ARE AVAILABLE AT NO CHARGE.
SCHOLARSHIP PROGRAMS: FCEF SCHOLARSHIP PROGRAMS ARE DESIGNED FOR US TO PARTNER WITH MILITARY-AFFILIATED AND OTHER ORGANIZATIONS TO INCREASE THE DOLLARS AVAILABLE FOR THEM TO AWARD TO STUDENTS. FCEF MATCHES 100 PERCENT OF THE ORGANIZATION'S DONATION, DOUBLING THE AMOUNT OF MONEY THEY CAN AWARD. THE PARTNER ORGANIZATION MAINTAINS THE APPLICATION AND SELECTION PROCESS. FCEF HAS ONE DIRECT-APPLY SCHOLARSHIP AVAILABLE TO FEDERAL CIVILIAN EMPLOYEES AND THEIR DEPENDENTS. THIS SCHOLARSHIP IS FUNDED FROM PROCEEDS OF OUR FEDERAL EMPLOYEE BENEFITS SEMINAR PROGRAM. ADDITIONALLY, FCEF MANAGES SIX ENDOWMENT SCHOLARSHIPS. EACH ENDOWMENT IS AVAILABLE TO A SPECIFIC GROUP/ORGANIZATION AS DEFINED IN THE MEMORANDUM OF UNDERSTANDING.
TAKE COMMAND (TC) PROGRAM: TC IS AN ONLINE FINANCIAL READINESS PROGRAM AVAILABLE AT NO CHARGE TO SERVICE MEMBERS AND THEIR FAMILIES, AND ORGANIZATIONS THAT SUPPORT THEM. OUR GOAL IS TO PREPARE SERVICE MEMBERS TO MAKE SMART, INFORMED FINANCIAL DECISIONS AND EFFECTIVELY PURSUE LONG-TERM FINANCIAL SECURITY FROM THE TIME THEY ENTER MILITARY SERVICE UNTIL SEPARATION OR RETIREMENT. TC COURSES TYPICALLY TAKE NO MORE THAN AN HOUR TO COMPLETE AND ARE ACCESSIBLE 24/7 VIA COMPUTER, SMARTPHONE OR TABLET. TAKE COMMAND PROVIDES ESSENTIAL FINANCIAL CONCEPTS FOR EACH MILITARY CAREER AND LIFE MILESTONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kuhar-From 52022 President | OfficerTrustee | 40 | $137,500 |
William Johnson-Thru 42022 President | OfficerTrustee | 40 | $137,368 |
Charles W Bowen Chairman/ceo | OfficerTrustee | 25 | $110,000 |
Jennifer Berlin Director | Trustee | 1 | $0 |
Timi Jorgenson Director | Trustee | 1 | $0 |
Fred Offutt Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,314 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $980,826 |
| Noncash contributions included in lines 1a–1f | $10,479 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $997,140 |
| Total Program Service Revenue | $47,150 |
| Investment income | $51,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,077,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $117,674 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $413,072 |
| Compensation of current officers, directors, key employees. | $12,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,256 |
| Pension plan accruals and contributions | $21,072 |
| Other employee benefits | $12,555 |
| Payroll taxes | $43,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $67,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,311 |
| Advertising and promotion | $640 |
| Office expenses | $17,387 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,067 |
| 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 | $1,045 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,116,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,171 |
| 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 | $876 |
| Investments—publicly traded securities | $1,177,521 |
| Investments—other securities | $395,449 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,916,187 |
| Accounts payable and accrued expenses | $163,095 |
| 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 | $7,500 |
| Total liabilities | $170,595 |
| Net assets without donor restrictions | $528,140 |
| Net assets with donor restrictions | $1,217,452 |
| 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 | $1,916,187 |