Foundation For World Education Inc
- Assets
- $2.9m
- Revenue
- $197.9k
- Investments
- $2.6m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 02/1957
- Data as of
- 12/2021
- EIN
- 13-6169404
Organization Overview
Foundation For World Education Inc is located in Honolulu, HI. The organization was established in 1957. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For World 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, Foundation For World Education Inc generated $197.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $177.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation For World Education Inc has awarded 195 individual grants totaling $909,823. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION GRANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION GRANTS AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bhuvana Nandakumar President | 0 | $0 | |
Jean Eisele Secretary | 0 | $0 | |
Jerry Schwartz Treasurer | 0 | $0 | |
John Schlorholtz Trustee | 0 | $0 | |
Heidi Watts Trustee | 0 | $0 | |
Dakshina Vanzetti Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,300 |
| Interest on Savings | $30 |
| Dividends & Interest | $40,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,744 |
| Capital Gain Net Income | $120,744 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,800 |
| Total Revenue | $197,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,944 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,152 |
| Total operating and administrative expenses | $23,766 |
| Contributions, gifts, grants paid | $153,667 |
| Total expenses and disbursements | $177,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $315,410 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,911,230 |
| Accounts payable and accrued expenses | $830 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $830 |
Grants Awarded
Over the last fiscal year, Foundation For World Education Inc has awarded $153,667 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AUROVILLE UNITY FUND PURPOSE: SUPPORT OF MAINTENANCES, SOCIAL SUPP | $36,986 |
AURO MIRA SERVICE SOCIETY PURPOSE: OPERATING EXPENSES | $20,000 |
AUROVILLE FOUNDATION PURPOSE: EDUCATIONAL/TRAINING/OPERATIONS | $19,685 |
AUROVILLE UNITY FUND PURPOSE: COVID SERVICES AND OPERATIONS | $12,000 |
Salt Lake City, UT PURPOSE: TUITION | $7,260 |
MATAGIRI SRI AUROBINDO CENTER PURPOSE: INFRASTRUCTURE EXPENSE | $7,200 |
Endowment Analysis
| Beg. Balance | $243,765 |
| Earnings | $11,892 |
| Admin Expense | $777 |
| Net Contributions | $26,500 |
| Ending Balance | $281,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Education Research Foundation Culver City, CA | $2,254,205 | $2,736,646 |
East Bay Consortium Of Educational Institutions Oakland, CA | $1,599,281 | $1,564,506 |
Evaluation And Training Institute Culver City, CA | $3,314,564 | $1,741,292 |
Long Beach Education Foundation Long Beach, CA | $2,877,148 | $1,206,563 |
Archie Tonge Education Fund Pollock Pines, CA | $15,927,898 | $1,787,797 |
Association For Educational Development-California Los Angeles, CA | $11,468,765 | $795,899 |
Richard Myles Johnson Foundation Ontario, CA | $667,084 | $445,414 |
Healdsburg Education Foundation Healdsburg, CA | $1,166,990 | $256,811 |
Foundation For World Education Inc Honolulu, HI | $2,911,230 | $197,889 |
South Coast Childrens Services Inc Pescadero, CA | $67,141 | $0 |
Washington Union Educational Fndn Salinas, CA | $81,980 | $0 |