Foundation For Educational Excellence
- Assets
- $1.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 84-1396597
Organization Overview
Foundation For Educational Excellence is located in Denver, CO. 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. Foundation For Educational Excellence 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, Foundation For Educational Excellence generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.6% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 47.8% per year over the past 7 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.
Since 2015, Foundation For Educational Excellence has awarded 126 individual grants totaling $3,220,901. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL CONSULTING ON IMPROVING EDUCATION IN THE FRONT RANGE AREA OF COLORADO. THE OBJECTIVE IS TO CREATE AN ENVIRONMENT THAT ALLOWS STUDENTS AND TEACHERS TO FULFILL THEIR FULL GROWTH POTENTIAL. THE FOUNDATION PROVIDES GRANTS FOR INNOVATIVE EDUCATIONAL PROGRAMS.
COLORADO HOMEBUILDING ACADEMY IS AN INDUSTRY-DRIVEN ACADEMY PROVIDING HANDS-ON EDUCATION, INNOVATION AND COLLABORATIONS. THE ACADEMY ACHIEVES THE FOUNDATIONS PURPOSES OF ALLOWING STUDENTS AND TEACHERS TO FULFILL THEIR FULL GROWTH POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Schwartz Executive Director | 40 | $150,052 | |
Damon Difabio Director | 40 | $125,578 | |
Roberto Hernandez III Systems And Operatio | 40 | $81,931 | |
John P Kio Instructor | 40 | $69,487 | |
Michael Notartomaso Construction Instruc | 40 | $69,437 | |
Kristin Davenport Career Coach | 40 | $57,802 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cheung Collaborative Llc | 12/30/21 | $184,875 |
Se Inspired Llc | 12/30/21 | $111,452 |
Taloma Partners | 12/30/21 | $70,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,029,650 |
| Interest on Savings | $74 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,667 |
| Capital Gain Net Income | $386,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $259,163 |
| Total Revenue | $5,236,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,888 |
| Other employee salaries and wages | $672,543 |
| Pension plans, employee benefits | $148,924 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $14,117 |
| Occupancy | $32,561 |
| Travel, conferences, and meetings | $24,639 |
| Printing and publications | $0 |
| Other expenses | $1,438,881 |
| Total operating and administrative expenses | $3,122,664 |
| Contributions, gifts, grants paid | $1,821,002 |
| Total expenses and disbursements | $4,943,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,401 |
| Savings and temporary cash investments | $764,089 |
| Net Accounts receivable | $214,221 |
| 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 | $133,174 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $36,889 |
| Other assets | $0 |
| Total assets | $1,151,774 |
| Accounts payable and accrued expenses | $93,797 |
| 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 | $4,430 |
| Total liabilities | $98,227 |
Grants Awarded
Over the last fiscal year, Foundation For Educational Excellence has awarded $1,821,002 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
THE STEAD SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $556,853 |
Denver, CO PURPOSE: EDUCATIONAL PURPOSES | $517,500 |
BUILDSTRONG ACADEMY PURPOSE: EDUCATIONAL PURPOSES | $372,149 |
Denver, CO PURPOSE: EDUCATIONAL PURPOSES | $170,000 |
Denver, CO PURPOSE: EDUCATIONAL PURPOSES | $75,000 |
MILE HIGH LEARNING PURPOSE: EDUCATIONAL PURPOSES | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Educational Excellence has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Hunt Family Foundation Denver, CO PURPOSE: GENERAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Kemper & Ethel Marley Foundation Phoenix, AZ | $235,853,723 | $45,107,707 |
Lannan Foundation Santa Fe, NM | $172,893,423 | $11,573,580 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
Mary K Chapman Foundation Tulsa, OK | $0 | $10,262,149 |