Frederick E Hart Foundation For Educational Opportunity
- Assets
- $25.7k
- Revenue
- $104.1k
- Investments
- $19.8k
- Employees
- 1
- Location
- Chevy Chase, MD
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 82-0988351
Organization Overview
Frederick E Hart Foundation For Educational Opportunity is located in Chevy Chase, MD. The organization was established in 2017. 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. Frederick E Hart Foundation For Educational Opportunity 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, Frederick E Hart Foundation For Educational Opportunity generated $104.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $84.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S CHARITABLE MISSION IS TO PROVIDE FUNDS FOR EDUCATION, PARTICULARLY TO THE DISADVANTAGED, MENTALLY-CHALLENGED, AND/OR STUDENTS WITH ENGLISH AS A SECOND LANGUAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP FUNDING
YOUTH SCIENCE EDUCATIONAL FUNDING
ARTS AND SOCIAL JUSTICE EDUCATIONAL PROGRAMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick E Hart Executive Director | 11 | $54,000 | |
Lindy Hart Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,037 |
| Interest on Savings | $0 |
| Dividends & Interest | $299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,734 |
| Capital Gain Net Income | $18,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,327 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,577 |
| Total operating and administrative expenses | $67,316 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $84,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,916 |
| Savings and temporary cash investments | $11 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,705 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Frederick E Hart Foundation For Educational Opportunity has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WAKEFIELD COUNTRY DAY SCHOOL SCHOLARSHIP FUND PURPOSE: EDUCATIONAL | $16,000 |
SMITHSONIAN SCIENCE EDUCATION CENTER PURPOSE: EDUCATIONAL | $1,500 |