Old Saybrook Education Foundation Inc
- Assets
- $175.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Old Saybrook, CT
- Founding
- 05/1998
- Data as of
- 12/2020
- EIN
- 06-1486846
Organization Overview
Old Saybrook Education Foundation Inc is located in Old Saybrook, CT. The organization was established in 1998. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Old Saybrook Education 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 12/2020, Old Saybrook Education Foundation Inc generated $31.3k 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 (10.1%) each year. All expenses for the organization totaled $33.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO PROMOTE EDUCATION AND STUDENT DEVELOPMENT TO THE CHILDREN ENROLLED IN THE OLD SAYBROOK SCHOOL SYSTEM THROUGH ENRICHMENT PROGRAMS AND ACTIVITIES, AND SCHOLARSHIPS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Ann Lee President | 2 | $0 | |
Heather Milardo Treasurer | 1 | $0 | |
Ellen Gehret Director | 1 | $0 | |
Jan Perruccio Ex-Officio | 2 | $0 | |
Seana Nygard Director | 1 | $0 | |
Amy Claffey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,109 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,792 |
| Gain or Loss | $2,440 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,341 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,328 |
| Total expenses | $33,073 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $175,141 |
| Other assets | $0 |
| Total assets | $175,141 |
| Total liabilities | $0 |
| Net assets or fund balances | $175,141 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Saybrook Education Foundation Inc has recieved totaling $75.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $75 |
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Japanese Educational Institute Of New York New Rochelle, NY | $17,178,023 | $7,604,311 |
Shining Hope For Communities Inc New York, NY | $42,723,081 | $30,462,819 |
Hebrew Educational Society Of Brooklyn Brooklyn, NY | $10,100,072 | $10,549,475 |
Geneva School Of Manhattan New York, NY | $12,693,801 | $8,025,908 |
Lulac Head Start Inc New Haven, CT | $9,754,249 | $9,404,982 |