The Schott Foundation For Public Education
- Assets
- $16.0m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Cambridge, MA
- Founding
- 06/1999
- Data as of
- 06/2021
- EIN
- 04-3457065
Organization Overview
The Schott Foundation For Public Education is located in Cambridge, MA. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Schott Foundation For Public Education employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schott Foundation For Public Education 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 06/2021, Schott Foundation For Public Education generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $4.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schott Foundation For Public Education has awarded 559 individual grants totaling $15,579,836. 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 PURPOSE OF THE CORPORATION IS TO ENGAGE IN THE FOLLOWING ACTIVITIES: (1) TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES UNDER CODE SECTION 501(C)(3), (2) TO DEVELOP AND STRENGTHEN A BROAD-BASED AND REPRESENTATIVE MOVEMENT TO ACHIEVE FULLY RESOURCED, QUALITY PRE K-12 PUBLIC EDUCATION, AND (3) TO ENGAGE IN ANY AND ALL OTHER LAWFUL ACTIVITIES INCIDENTAL TO AND IN PURSUIT OF THE FOREGOING PURPOSES, EXCEPT AS SPECIFICALLY RESTRICTED BY THE ARTICLES OF ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITY TO LEARN - THE OPPORTUNITY TO LEARN PHILANTHROPIC STRATEGY IS AN EFFORT TO INCREASE RESOURCE ACCOUNTABILITY AND ENSURE THAT RACE IS NO LONGER A SIGNIFICANT PREDICTOR OF EDUCATIONAL RESOURCE ACCESS OR OUTCOMES. SCHOTT WILL BUILD THE CAPACITY OF THE EDUCATION JUSTICE MOVEMENT TO ACCOMPLISH THESE OBJECTIVES THROUGH INCREASING PHILANTHROPIC RESOURCES TO THE OPPORTUNITY TO LEARN NETWORK, EXECUTING A GRANTMAKING STRATEGY USING EMPLOYING A RACE AND GENDER LENSE, AND PROVIDING ADVOCACY AND OPERATIONS TECHNICAL ASSISTANCE TO NATIONAL EDUCATION JUSTICE NETWORKS.
HLLC PROVIDES A FRAMEWORK INCLUDING EDUCATION, HEALTH, SAFETY, SCHOOL CLIMATE, COMMUNITY POWER, ETC. TO EQUIP PARENTS, STUDENTS AND PUBLIC SCHOOL SYSTEMS TO CREATE HEALTHY COMMUNITY CLIMATES THAT ARE JUST AND FAIR. THE OBJECTIVES OF THE HLLC INITIATIVE ARE THREE-FOLD: 1) ASSESS COMMUNITIES' CROSS-CUTTING CAPACITY TO MEET THE WHOLE CHILD NEEDS, 2) PROVIDE RECOMMENDATIONS AND PRESCRIPTIONS FOR NEEDED SUPPORTS, AND 3)SUPPORT THE COMMUNITY ACTIONS AND PARTNERSHIPS THAT HAVE PROVEN TO LEAD TO SUSTAINABLE SYSTEMIC CHANGE. MORE THAN 25 CITIES AND COMMUNITIES ACROSS THE NATION WILL BE ENGAGED IN THE HLLC INITIATIVE.
SCHOTT FOUNDATION SERVES AS THE FISCAL SPONSOR TO TWO NATIONAL EDUCATION JUSTICE ORGANIZATIONS AS PART OF THE PACKAGE OF RESOURCE SUPPORTS PROVIDED BY SCHOTT TO OUR COMMUNITY PARTNERS ALIGNED WITH OUR WORK ON EDUCATION JUSTICE. SCHOTT SERVES AS THE LEGAL ENTITY FOR THESE ORGANIZATIONS AND PROVIDES ACCOUNTING, MANAGEMENT, TECHNICAL ASSISTANCE, LEADERSHIP DEVELOPMENT, AND OTHER ADMINISTRATIVE SERVICES WHILE VESTING DECISION-MAKING AUTHORITY WITHIN THE ORGANIZATIONS THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Jackson President And CEO | Officer | 40 | $360,874 |
Edgar G Villanueva Senior VP Of Programs And | 40 | $198,931 | |
Mark Paley Treasurer | OfficerTrustee | 1 | $0 |
Carolina Espinal Chair | OfficerTrustee | 1 | $0 |
Maisie Chin Vice-Chair | OfficerTrustee | 1 | $0 |
Carlos Rojas Alvarez Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,788,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,888,372 |
| Total Program Service Revenue | $0 |
| Investment income | $276,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,548,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,715,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,512,610 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $418,607 |
| Compensation of current officers, directors, key employees. | $167,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,092,876 |
| Pension plan accruals and contributions | $56,633 |
| Other employee benefits | $137,655 |
| Payroll taxes | $98,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,408 |
| Fees for services: Accounting | $160,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,163 |
| Fees for services: Other | $286,541 |
| Advertising and promotion | $2,854 |
| Office expenses | $27,992 |
| Information technology | $40,311 |
| Royalties | $0 |
| Occupancy | $107,306 |
| Travel | $6,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,829 |
| Insurance | $14,541 |
| All other expenses | $2,395 |
| Total functional expenses | $4,071,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,142 |
| Savings and temporary cash investments | $3,923,357 |
| Pledges and grants receivable | $5,065,000 |
| Accounts receivable, net | $0 |
| 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 | $39,113 |
| Net Land, buildings, and equipment | $19,792 |
| Investments—publicly traded securities | $6,457,358 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,880 |
| Total assets | $15,969,642 |
| Accounts payable and accrued expenses | $152,994 |
| Grants payable | $223,699 |
| 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 | $376,693 |
| Net assets without donor restrictions | $8,607,028 |
| Net assets with donor restrictions | $6,985,921 |
| 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 | $15,969,642 |
Grants Awarded
Over the last fiscal year, The Schott Foundation For Public Education has awarded $1,512,610 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO FUND THE ""EQUITY OR ELSE"" CAMPAIGN TO ADVANCE FOR EQUITABLE EDUCATION POLICY AT THE LOCAL AND FEDERAL LEVEL BY EXPOSING RACIAL INEQUITY IN PUBLIC EDUCATION THROUGH JOURNEY FOR JUSTICE ALLIANCE | $95,000 |
New York, NY PURPOSE: TO END THE CRIMINALIZATION AND PUSHOUT OF STUDENTS OF COLOR AND PROMOTE RESTORATIVE AND CULTURALLY RESPONSIVE SCHOOL CLIMATES IN OVER 20 DISTRICTS AND STATES | $95,000 |
Jamaica Plain, MA PURPOSE: TO SUPPORT PARENT AND COMMUNITY ORGANIZING FOR EQUITABLE PUBLIC EDUCATION IN MASSACHUSETTS | $75,000 |
Boston, MA PURPOSE: TO PROVIDE ADVOCACY SUPPORT FOR SCHOOL DISCIPLINE REFORM EFFORTS TO ADVANCE EDUCATION EQUITY IN MASSACHUSETTS | $50,000 |
Durham, NC PURPOSE: TO BUILD THE CAPACITY AND SUPPORT THE INFRASTRUCTURE OF THE EDUCATION JUSTICE MOVEMENT BY PROVIDING RACIAL JUSTICE CENTERED DATA TO ADVOCATES IN DURHAM, NORTH CAROLINA AND ACROSS THE UNITED STATES | $50,000 |
Boston, MA PURPOSE: TO PROVIDE STRATEGY SUPPORT AND TRAININGS TO LOCAL AND STATEWIDE EFFORTS FOCUSED ON ADVANCING RACIAL AND EDUCATION EQUITY AND COVID-19 RESPONSE IN MASSACHUSETTS THROUGH THE WORK OF MASSACHUSETTS VOTER TABLE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that The Schott Foundation For Public Education has recieved totaling $4,055,000.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $1,500,000 |
New Venture Fund Washington, DC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $1,000,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION; POSTSECONDARY EDUCATION; PUBLIC AWARENESS AND ANALYSIS | $700,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR PROGRAMMING AND SUPPORT OF THE OPPORTUNITY TO LEARN NETWORK | $400,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR SUPPORT OF THE ALLIANCE TO RECLAIM OUR SCHOOLS | $355,000 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: TELL THE WHOLETRUTH FUND | $60,000 |
Endowment Analysis
| Beg. Balance | $6,002,686 |
| Earnings | $1,390,689 |
| Ending Balance | $7,393,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |
Empire Commons Student Housing Inc Albany, NY | $47,889,992 | $16,000,956 |
Prep For Prep New York, NY | $67,702,952 | $11,458,262 |