Chelsea Fund For Education Inc
- Assets
- $1.5m
- Revenue
- $126.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 13-3547520
Organization Overview
Chelsea Fund For Education Inc is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea Fund For Education 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 12/2021, Chelsea Fund For Education Inc generated $126.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $61.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHELSEA FUND/PEOPLE BEFORE PROFITS EDUCATION FUND EXISTS TO ENCOURAGE AND SUPPORT EDUCATIONAL AND CULTURAL ACTIVITIES THAT PROMOTE PEACE, DEMOCRACY AND WORKERS' RIGHTS. WE AIM TO PARTNER WITH EXISTING COMMUNITY ORGANIZATIONS AND COALITIONS TO DEVELOP ORIGINAL PROGRAMMING THAT FOSTERS A DEEPER UNDERSTANDING OF SOCIETY TODAY, LEADERSHIP SKILLS, NEW INTERPERSONAL RELATIONSHIPS, AND STRONGER, MORE FOCUSED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO THE WORKERS EDUCATION SOCIETY THE GRANT TO THE WORKERS EDUCATION SOCIETY SERVES TO SUPPORT THEIR EXCELLENT WORK IN MAINTAINING A COMMUNITY LIBRARY, IN SUPPORT OF THEIR WORK EDUCATING COMMUNITY MEMBERS ABOUT THEIR RIGHTS WHEN FACING UTILITY SHUT OFFS,EVICTIONS, UNEMPLOYMENT AND HUNGER, AND IN SUPPORTING A VARIETY OF OTHER COMMUNITY EDUCATION ACTIVITIES.
SCHOOL PROJECT: THE LITTLE RED SCHOOLHOUSE TOOK PLACE IN NEW YORK CITY FROM JULY 23 TO AUGUST 1, 2021. THERE WERE TWO CLASSES EACH DAY RANGING IN TOPIC FROM WOMEN'S EQUALITY AND THE FIGHT AGAINST RACISM TO LGBTQ RIGHTS AND THE ENVIRONMENT. THERE WERE EDUCATIONAL MOVIE NIGHTS, WALKING TOURS, AND READ/STUDY HOURS AS WELL AS FOOD AND FELLOWSHIP FOR STUDENTS TO GET TO KNOW EACH OTHER. LODGING WAS PROVIDED AS WELL. TRAINING LEADERSHIP COLLECTIVE - THIS WAS A VARIETY OF EDUCATIONAL AND CULTURAL PROJECTS HELD VIRTUALLY, CONCERNING A DEEPER DIVE INTO THE EXAMINATION OF THE THEORY OF SOCIAL CHANGE, THE US WORKING CLASS, AND THE HISTORICAL DEVELOPMENT OF CONCRETE STRUGGLES OF INTEREST TO THE WORKING CLASS. DISCUSSION SESSIONS WERE HELD MONTHLY. IN ADDITION, PARTICIPANTS TURNED THEIR WORK INTO ARTICLES AND PRESENTATIONS FOR LARGER AUDIENCES.
FORUMS PROJECT: TOWN HALL EVENT: "CONFRONTING THE COVID ECONOMY: WOMEN FIGHT BACK." LABOR AND OTHER ACTIVISTS SPOKE ABOUT THE IMPACT OF THE PANDEMIC ON WORKING WOMEN'S LIVES AND FUTURE, AND ABOUT THE WAYS WOMEN ARE FIGHTING BACK AGAINST UNEMPLOYMENT.
LITERATURE PROJECT-CHELSEA FUND IS DEVELOPING A PROGRAM TO HELP AUTHORS PRODUCE BOOKS AND OTHER WRITTEN MEDIA. SPEAKERS BUREAU-THE SPEAKERS BUREAU ENLISTS VOLUNTEERS WITH ACADEMIC OR REAL LIFE EXPERTISE ON A RANGE OF SUBJECTS APPLICABLE TO THE FUND'S MISSION STATEMENT. THE FUND SUPPLIES SPEAKERS FOR ITS FORUMS, CLASSES AND OTHER NON-PARTISAN EVENTS FOR EVENTS SMALL AND LARGE ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Wood Vice Pres/se | OfficerTrustee | $0 | |
Flavio Casoy President/tr | OfficerTrustee | $0 | |
Adam Tenney Director | OfficerTrustee | $0 | |
Norman Markowitz Director | Trustee | $0 | |
Libero Della Piana Director | Trustee | $0 | |
Keri Rautenkranz Director | Trustee | $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 | $27,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,009 |
| Total Program Service Revenue | $107 |
| Investment income | $63,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,191 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $4,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $223 |
| Fees for services: Other | $205 |
| Advertising and promotion | $5,150 |
| Office expenses | $1,575 |
| Information technology | $235 |
| Royalties | $0 |
| Occupancy | $12,000 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $61,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,896 |
| Savings and temporary cash investments | $60,513 |
| Pledges and grants receivable | $0 |
| 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 | $10,202 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,417,261 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,505,872 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,505,872 |
| 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 | $1,505,872 |
Grants Awarded
Over the last fiscal year, Chelsea Fund For Education Inc has awarded $52,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: FURTHER EXEMPT ACTIV | $40,000 |
Saint Louis, MO PURPOSE: FURTHER EXEMPT ACTIV | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chelsea Fund For Education Inc has recieved totaling $247.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
Ridgefield Playhouse For Movies And The Performing Arts Inc Ridgefield, CT | $15,840,106 | $10,052,125 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
American Friends Of Yagdil Torah Inc Lakewood, NJ | $434,654 | $3,850,627 |
International Society Of Aesthetic Plastic Surgery Mount Royal, NJ | $7,345,668 | $3,633,051 |
Greater Pittsburgh Arts Council Pittsburgh, PA | $2,524,492 | $2,281,290 |