Stratford Foundation Inc
- Assets
- $13.4m
- Revenue
- $847.7k
- Investments
- $0.0
- Employees
- 44
- Location
- Needham, MA
- Founding
- 08/1942
- Data as of
- 06/2023
- EIN
- 04-1166517
Organization Overview
Stratford Foundation Inc is located in Needham, MA. The organization was established in 1942. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Stratford Foundation Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratford 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 06/2023, Stratford Foundation Inc generated $847.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Stratford Foundation Inc has awarded 21 individual grants totaling $690,000. 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
TO BE A VALUABLE EDUCATIONAL RESOURCE FOR THE COMMUNITY BY PROVIDING REMEDIAL EDUCATION TO THOSE WHO LEARN DIFFERENTLY, PROVIDING TUTORING SERVICES TO ENHANCE CURRENT PERFORMANCE, PROVIDING TEACHER TRAINING IN THE COMMUNITY AND BEYOND AND ENGAGING GRANT MAKING ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND GENERAL PROGRAM DEVELOPMENT AND OPERATING COSTS FOR THE FOUNDATION'S COMMONWEALTH LEARNING CENTER FOR REMEDIAL READING AND MATHEMATIC PROGRAMS FOR STUDENTS WHO LEARN DIFFERENTLY AND STUDENTS WHO SEEK TO ACCELERATE CURRENT PERFORMANCE THROUGH ONE-TO-ONE INDIVIDUALIZED INSTRUCTION AND TEACHER TRAINING IN THE COMMUNITY AND VIRTUALLY THROUGHOUT THE UNITED STATES. DURING THIS FISCAL YEAR WE PERFORMED THE FOLLOWING SERVICES: 7,307 TEACHING HOURS, 9 DIAGNOSTIC EVALUATIONS AND CONSULTATIONS, APPROXIMATELY 380 TEACHERS TRAINED LOCALLY AND REGIONALLY, 57 TRAINING DAYS AND 493 TEACHER OBSERVATIONS.
GRANTS MADE TO INDIVIDUALS AT AN EDUCATIONAL INSTITUTION, GRANTS MADE TO TEN ORGANIZATIONS FOR EDUCATIONAL PROGRAMS AND PROJECTS LESS UNUSED PORTION OF SCHOLARSHIP FOR ORTON-GILLINGHAM TRAINING. DETAILS ON SUPPORTING SCHEDULES. SEE SCHEDULE I, PART IV, STATEMENT 1 AND STATEMENT 2.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Jack President And CEO | Officer | 40 | $193,968 |
Lisa Brooks Principal Director-Local Training | 40 | $143,320 | |
Deborah Buiser Treasurer And CFO | Officer | 40 | $106,538 |
John Malloy Director | Trustee | 0.5 | $1,450 |
Mary Fisher Trustee | Trustee | 0.5 | $1,450 |
Julian Hargraves Trustee | Trustee | 0.4 | $1,300 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,009,740 |
| Investment income | $380,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$542,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $847,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| Grants and other assistance to domestic individuals. | $142,111 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $345,884 |
| Compensation of current officers, directors, key employees. | $345,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,088,012 |
| Pension plan accruals and contributions | $25,094 |
| Other employee benefits | $100,707 |
| Payroll taxes | $119,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,993 |
| Fees for services: Accounting | $26,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,233 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,536 |
| Office expenses | $36,026 |
| Information technology | $15,686 |
| Royalties | $0 |
| Occupancy | $164,853 |
| 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 | $6,102 |
| Insurance | $18,907 |
| All other expenses | $19,071 |
| Total functional expenses | $2,609,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,612 |
| Savings and temporary cash investments | $270,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,540 |
| 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 | $32,026 |
| Net Land, buildings, and equipment | $5,185 |
| Investments—publicly traded securities | $12,674,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,796 |
| Other assets | $268,324 |
| Total assets | $13,389,993 |
| Accounts payable and accrued expenses | $128,060 |
| Grants payable | $225,175 |
| Deferred revenue | $61,443 |
| 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 | $252,540 |
| Total liabilities | $667,218 |
| Net assets without donor restrictions | $12,722,775 |
| 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 | $13,389,993 |
Grants Awarded
Over the last fiscal year, Stratford Foundation Inc has awarded $300,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BETHANY HILL PLACE PURPOSE: Educational programming for adult residents. | $40,000 |
THE LITERACY CONNECTION PURPOSE: Adult literacy, citizenship training and community support. | $20,000 |
NASHOBA LEARNING GROUP PURPOSE: Training for new instructors to teach children and adults with autism. | $40,000 |
ALL DORCHESTER SPORTS & LEADERSHIP PURPOSE: Programming for under-served children of Dorchester. | $35,000 |
MUJERES UNIDAS AVANZANDO PURPOSE: Career training for low-income Boston area adults. | $40,000 |
LEAP FOR EDUCATION PURPOSE: College and career path planning for middle and high school children. | $35,000 |