Floor Covering Education Foundation Inc
- Assets
- $456.3k
- Revenue
- $883.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dalton, GA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4704174
Organization Overview
Floor Covering Education Foundation Inc is located in Dalton, GA. 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. Floor Covering Education Foundation Inc 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, Floor Covering Education Foundation Inc generated $883.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $951.7k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OVERALL MISSION OF THE FOUNDATION IS TO PROVIDE AWARENESS OF THE JOB OPPORTUNITIES AND CAREER PATHWAYS AVAILABLE IN THE FLOOR COVERING INDUSTRY, TO CONNECT INDIVIDUALS TO TRAINING OPPORTUNITIES WITHIN THE INDUSTRY, TO SCHOLARSHIP THAT TRAINING, AND TO PLACE THOSE INDIVIDUALS IN JOBS WITHIN THE FLOOR COVERING INDUSTRY.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION DIRECTLY SUPPORT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Aaron Board Member | 1 | $0 | |
Steve Abernathy Board Member | 1 | $0 | |
Mike Beavers Marketing Chair | 1 | $0 | |
Bart Bettiga Board Member | 1 | $0 | |
Bill Blackstock Board Member | 1 | $0 | |
Deb Degraaf Vice Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trebletree Llc | 12/30/22 | $323,990 |
The Trade Group Inc | 12/30/22 | $76,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $883,740 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $883,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $110,740 |
| Pension plans, employee benefits | $13,451 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,260 |
| Occupancy | $2,099 |
| Travel, conferences, and meetings | $233,482 |
| Printing and publications | $0 |
| Other expenses | $397,502 |
| Total operating and administrative expenses | $859,220 |
| Contributions, gifts, grants paid | $92,473 |
| Total expenses and disbursements | $951,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,054 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $26 |
| 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 | $30,609 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $27,740 |
| Other assets | $13,883 |
| Total assets | $456,312 |
| Accounts payable and accrued expenses | $137,247 |
| 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 | $137,247 |
Grants Awarded
Over the last fiscal year, Floor Covering Education Foundation Inc has awarded $92,473 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CERAMIC TILE EDUCATION FOUNDATION PURPOSE: SCHOLARSHIPS OF $418-548 TO 3 INDIVIDUALS FOR JOB TRAINING. | $1,513 |
CFI PURPOSE: SCHOLARSHIPS OF $1250-$2500 EACH TO 22 INDIVIDUALS FOR JOB TRAINING. | $51,250 |
GOODWILL INDUSTRIES OF MIDDLE GEORGIA INC PURPOSE: SCHOLARSHIPS OF $2500 EACH TO 12 INDIVIDUALS FOR JOB TRAINING. | $30,000 |
GEORGIA NORTHWEST TECHNICAL COLLEGE PURPOSE: SCHOLARSHIPS OF $619 EACH TO 15 INDIVIDUALS FOR JOB TRAINING. | $9,285 |
NATIONAL WOOD FLOORING ASSOCIATION PURPOSE: SCHOLARSHIP OF $425 TO 1 INDIVIDUAL FOR JOB TRAINING. | $425 |