Educational Endowment Fund Inc
- Assets
- $18.2m
- Revenue
- $1.2m
- Investments
- $5.4m
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 02-0677193
Organization Overview
Educational Endowment Fund Inc is located in Lakewood, NJ. The organization was established in 2004. 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. Educational Endowment Fund 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 12/2023, Educational Endowment Fund Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Educational Endowment Fund Inc has awarded 171 individual grants totaling $49,502,058. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE ORGANIZATION IS AS A SUPPORTING ORGANIZATION TO BETH MEDRASH GOVOHA OF AMERICA. IT ALSO FUNDS AND SUPPORTS EDUCATIONAL AND CHARITABLE ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO EDUCATIONAL AND STUDENT SUPPORT ORGANIZATIONS
GRANT SCHOLARSHIPS TO STUDENTS STUDYING TALMUD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yitzchok S Kotler President | OfficerTrustee | 2 | $0 |
Abraham Biderman Director | Trustee | 1 | $0 |
Yehuda Farber Secretary/tr | OfficerTrustee | 2 | $0 |
Shlomo Feigenbaum Director | Trustee | 1 | $0 |
Abraham Naftali Director | Trustee | 1 | $0 |
Yussie Rieder Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $470,885 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $721,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,192,232 |
| Total Program Service Revenue | $0 |
| Investment income | $637 |
| 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 | $1,192,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,413 |
| Grants and other assistance to domestic individuals. | $1,247,342 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,155 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,394,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,453,976 |
| Savings and temporary cash investments | $26,534 |
| Pledges and grants receivable | $668,079 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,583,254 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,104,497 |
| Investments—other securities | $5,395,336 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,231,676 |
| 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 | $18,231,676 |
| 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 | $18,231,676 |
Grants Awarded
Over the last fiscal year, Educational Endowment Fund Inc has awarded $115,413 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CONG TIFERES SHULEM INC | | | $6,860 |
YESHIVA ORCHOS CHAIM | | | $25,000 |
BAIN ISH UBEIN UCHIV ORGANIZATION | | | $19,000 |
BETH MEDRASH GOVOHA OF AMERICA | | | $8,000 |
LAKEWOOD CHEDER SCHOOL | | | $8,000 |
TORAS CHESED INC | | | $30,000 |