The Schott Foundation For Public Education
- Assets
- $22.7m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Cambridge, MA
- Founding
- 06/1999
- Data as of
- 06/2022
- 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 06/2022, Schott Foundation For Public Education employed 18 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 06/2022, Schott Foundation For Public Education generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schott Foundation For Public Education has awarded 453 individual grants totaling $15,999,506. 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
2022
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 |
|---|---|---|---|
Melissa Daar Carvajal Comminications Director | Trustee | 40 | $121,613 |
Marianna Islam Director Of Programs & Advocacy | Trustee | 40 | $100,088 |
Carolina Espinal Chair | OfficerTrustee | 1 | $0 |
Mark Paley Treasurer | OfficerTrustee | 1 | $0 |
Carlos Rojas Alvarez Clerk | OfficerTrustee | 1 | $0 |
Julian Vasquez Heilig Board Director | Trustee | 1 | $0 |
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 | $13,616,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,616,907 |
| Total Program Service Revenue | $0 |
| Investment income | $86,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,827 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,718,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,469,775 |
| 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. | $513,614 |
| Compensation of current officers, directors, key employees. | $205,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,511,592 |
| Pension plan accruals and contributions | $25,556 |
| Other employee benefits | $228,776 |
| Payroll taxes | $134,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,131 |
| Fees for services: Accounting | $184,641 |
| Fees for services: Lobbying | $50,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,465 |
| Fees for services: Other | $491,148 |
| Advertising and promotion | $0 |
| Office expenses | $42,904 |
| Information technology | $57,955 |
| Royalties | $0 |
| Occupancy | $13,377 |
| Travel | $86,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,535 |
| Insurance | $18,003 |
| All other expenses | $0 |
| Total functional expenses | $6,046,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,707,318 |
| Savings and temporary cash investments | $12,345,057 |
| Pledges and grants receivable | $1,583,430 |
| 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 | $55,647 |
| Net Land, buildings, and equipment | $13,645 |
| Investments—publicly traded securities | $6,011,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,834 |
| Total assets | $22,732,419 |
| Accounts payable and accrued expenses | $304,073 |
| Grants payable | $232,530 |
| 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 | $536,603 |
| Net assets without donor restrictions | $18,166,768 |
| Net assets with donor restrictions | $4,029,048 |
| 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 | $22,732,419 |
Grants Awarded
Over the last fiscal year, The Schott Foundation For Public Education has awarded $2,421,900 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
482FORWARD PURPOSE: TO PROVIDE CAPACITY BUILDING SUPPORT FOR MICHIGAN EDUCATION JUSTICE COALITION AND ALLIANCE TO RECLAIM OUR SCHOOLS COALITION WORK IN SAN FRANCISCO, CALIFORNIA | $70,000 |
A BETTER WAY FOUNDATION INC PURPOSE: TO SUPPORT BLACK AND BROWN STUDENT UNION'S STRENGTHEN AND GROW THE LANDSCAPE OF YOUTH JUSTICE IN CONNECTICUT FOR EQUITY IN PUBLIC EDUCATION IN CONNECTICUT | $25,000 |
ALLIANCE OF RHODE ISLAND SOUTHEAST ASIANS FOR EDUCATION (ARISE) PURPOSE: TO SUPPORT #COUNSELORSNOTCOPS CAMPAIGN TO ADVANCE EDUCATION JUSTICE IN RHODE ISLAND | $25,000 |
ARKANSAS COMMUNITY INSTITUTE PURPOSE: TO SUPPORT GRASSROOTS ARKANSAS' CAMPAIGN FOR PUBLIC EDUCATION EQUITY IN ARKANSAS | $30,000 |
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC PURPOSE: TO PROVIDE SPONSORSHIP FOR JAMES A. JOSEPH LECTURE AWARDS, NOVEMBER 2021 | $12,500 |
BROCKTON INTERFAITH COMMUNITY INC PURPOSE: TO ENGAGE YOUTH AND COMMUNITY MEMBERS IN LOCAL AND STATE EDUCATION AND RACIAL JUSTICE REFORMS IN BROCKTON, MASSACHUSETTS | $40,000 |