Educational Foundation Of America
- Assets
- $294.7m
- Revenue
- $32.8m
- Investments
- $283.2m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 13-3424750
Organization Overview
Educational Foundation Of America is located in Bethesda, MD. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 Foundation Of America 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 Foundation Of America generated $32.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $16.0m during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 3 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 2020, Educational Foundation Of America has awarded 716 individual grants totaling $38,662,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Ettinger Director, President | 1 | $0 | |
Wendy Ettinger Director, Vice President | 1 | $0 | |
Lynn Babicka Director, Secretary | 1 | $0 | |
Barbara Hapgood Director, Treasurer | 1 | $0 | |
Matthew Hapgood Director | 1 | $0 | |
Sven Huseby Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rbc Wealth Management | 12/30/22 | $467,279 |
Intentional Philanthropy | 12/30/22 | $232,068 |
Granite Investment Partners | 12/30/22 | $167,763 |
Cardinal Capital Management | 12/30/22 | $87,635 |
Brown Advisory | 12/30/22 | $153,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,469 |
| Dividends & Interest | $1,925,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,941,344 |
| Capital Gain Net Income | $30,941,344 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$58,036 |
| Total Revenue | $32,812,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $747,358 |
| Pension plans, employee benefits | $194,830 |
| Interest | $4,841 |
| Taxes | $577,957 |
| Depreciation | $0 |
| Occupancy | $52,981 |
| Travel, conferences, and meetings | $29,614 |
| Printing and publications | $0 |
| Other expenses | $1,255,877 |
| Total operating and administrative expenses | $4,471,510 |
| Contributions, gifts, grants paid | $11,508,000 |
| Total expenses and disbursements | $15,979,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,405 |
| Savings and temporary cash investments | $10,116,863 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,485 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $141,897,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $676,444 |
| Total assets | $294,733,951 |
| Accounts payable and accrued expenses | $279,283 |
| Grants payable | $4,640,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,565,630 |
| Total liabilities | $6,484,913 |
Grants Awarded
Over the last fiscal year, Educational Foundation Of America has awarded $16,437,000 in support to 282 organizations.
| Grant Recipient | Amount |
|---|---|
A PHILIP RANDOLPH EDUCATIONAL FUND PURPOSE: GENERAL OPERATING SUPPORT FOR NORTH CAROLINA | $25,000 |
ABORTION FREEDOM PARTNERSHIP PURPOSE: FINANCIAL CAPACITY BUILDING | $10,000 |
ABORTION FREEDOM PARTNERSHIP PURPOSE: PROJECT PIGGYBANK | $100,000 |
ABORTION FREEDOM PARTNERSHIP PURPOSE: PROJECT PIGGYBANK | $45,000 |
ACTION FOR THE CLIMATE EMERGENCY PURPOSE: PROGRAMS IN NORTH CAROLINA | $14,000 |
ACTION FOR THE CLIMATE EMERGENCY PURPOSE: BUILDING THE POWER OF THE YOUTH VOTE IN FLORIDA | $20,000 |