Educational Endowment Fund Inc
- Assets
- $19.2m
- Revenue
- $1.4m
- Investments
- $5.4m
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 08/2004
- Data as of
- 12/2021
- 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 12/2021, Educational Endowment Fund Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Educational Endowment Fund Inc has awarded 173 individual grants totaling $49,252,744. 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
2021
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 | Officer | 3 | $0 |
Eli Kuperman Secty/treas | Officer | 2 | $0 |
Abraham Naftali Trustee | Trustee | 1 | $0 |
Yosef Teichman Trustee | Trustee | 1 | $0 |
Yehuda Farber Trustee | Trustee | 1 | $0 |
Gedalya Weinberger Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $655,237 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $715,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,370,875 |
| Total Program Service Revenue | $0 |
| Investment income | $12,825 |
| 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 | $1,383,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $527,974 |
| Grants and other assistance to domestic individuals. | $1,215,472 |
| 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 | $19,490 |
| 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 | $1,762,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,841,815 |
| Savings and temporary cash investments | $25,964 |
| Pledges and grants receivable | $293,399 |
| 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 | $3,021,666 |
| Investments—other securities | $5,395,336 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,161,434 |
| 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 | $15,726 |
| Total liabilities | $15,726 |
| Net assets without donor restrictions | $19,145,708 |
| 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 | $19,161,434 |
Grants Awarded
Over the last fiscal year, Educational Endowment Fund Inc has awarded $493,544 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA | | $61,270 |
NATIONAL COUNCIL OF YOUNG ISRAEL | | | $50,000 |
S Fallsburg, NY | | $50,000 |
Lakewood, NJ | | $50,000 |
Lakewood, NJ | | $44,600 |
Lakewood, NJ | | $44,224 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Educational Endowment Fund Inc has recieved totaling $123,724.
| Awarding Organization | Amount |
|---|---|
| $66,500 | |
Educational Endowment Fund Inc Lakewood, NJ | | $44,224 |
Peylim Lev Lachim lakewood, NJ PURPOSE: EDUCATIONAL SCHOLARSHIPS | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Lindley Academy Charter School At Birney Philadelphia, PA | $8,724,796 | $15,521,412 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Tech Impact Philadelphia, PA | $10,895,345 | $15,289,025 |
Tikva Corp West Caldwell, NJ | $10,446,184 | $12,711,125 |
Stemcivics Inc Ewing Township, NJ | $5,738,931 | $13,034,787 |
Neighbours Inc Highland Park, NJ | $4,396,049 | $11,744,083 |