Aoba Educational Foundation
- Assets
- $371.3k
- Revenue
- $250.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-2947514
Organization Overview
Aoba Educational Foundation is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Aoba 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, Aoba Educational Foundation generated $250.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $213.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 5 years. 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
THE AOBA EDUCATIONAL FOUNDATION (AEF), A 501(C)(3) NON-PROFIT ORGANIZATION, WAS CREATED TO ADDRESS THE TALENT CRISIS IN THE COMMERCIAL REAL ESTATE INDUSTRY BY FOCUSING ON THE CRITICAL NEED TO PROMOTE CAREERS IN BUILDING OPERATIONS, ENGINEERING, AND MAINTENANCE. WE CONNECT JOB SEEKERS, TRAINING CENTERS, WORKFORCE DEVELOPMENT PROGRAMS, AND EMPLOYERS ALL TO HELP COMPANIES RECRUIT, DEVELOP, TRAIN, AND RETAIN THE NEXT GENERATION OF SKILLED TRADESPEOPLE IN THE METRO DC REGION. OUR WORK PROVIDES LONG-TERM, TANGIBLE ECONOMIC BENEFITS AND A WORKFORCE DEVELOPMENT PATHWAY TO STABLE, LUCRATIVE CAREERS. FOR YEARS, COMMERCIAL PROPERTY MANAGERS HAVE BEEN CHALLENGED TO RECRUIT, HIRE, AND RETAIN THE NEXT GENERATION OF BUILDING OPERATIONS EMPLOYEES. IN RESPONSE TO THIS PRESSING NEED, THE AEF WAS FORMED AS A VEHICLE TO CREATE A COMPREHENSIVE, REGIONAL SOLUTION TO WHAT MANY REFER TO AS THE ENGINEERING TALENT CRISIS. ALTHOUGH OUR PRIMARY MISSION IS FOCUSED ON COMMERCIAL REAL ESTATE CAREERS, WE ARE ALSO TAK
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN PURPOSE AND UNDERTAKING OF THE AEF IS TO ADDRESS A COMMERCIAL REAL ESTATE TALENT CRISES BY FOCUSING ON THE CRITICAL NEED TO PROMOTE CAREERS IN PROPERTY MANAGEMENT ENGINEERING AND MAINTENANCE. TO FACILITATE THIS PURPOSE THE AEF LAUNCHED THE OFFICE BUILDING ENGINEERING INTERNSHIP PROGRAM. PROGRAM REVENUE AND EXPENSES WERE ASSOCIATED WITH THE ESTABLISHING AND OPERATION OF A DYNAMIC EDUCATIONAL, MARKETING, AND RECRUITMENT OUTREACH, AS WELL AS PROFESSIONAL DEVELOPMENT PROGRAMS, TO PROMOTE BUILDING ENGINEERING AND MAINTENANCE CAREERS THROUGHOUT THE REGION. TO FACILITATE THIS PURPOSE, THE AEF LAUNCHED THE OFFICE BUILDING ENGINEERING INTERNSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Dargenzio Director | Trustee | $0 | |
John Deadwyler Director | Trustee | $0 | |
David Ferrara Vice Chair | OfficerTrustee | $0 | |
David Greenspun Director | Trustee | $0 | |
Margaret O Jeffers Executive VP | Trustee | $0 | |
Diane Peters Chair, Treas | OfficerTrustee | $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 | $250,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,049 |
| Total Program Service Revenue | $0 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $195,772 |
| Advertising and promotion | $0 |
| Office expenses | $1,880 |
| Information technology | $13,324 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,315 |
| All other expenses | $0 |
| Total functional expenses | $213,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $371,335 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $371,335 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $371,335 |
| Net assets with donor restrictions | $0 |
| 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 | $371,335 |