The Foundation For Educational Advancement
- Assets
- $177.5k
- Revenue
- $225.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brighton, MI
- Founding
- 11/2003
- Data as of
- 06/2022
- EIN
- 20-0307479
Organization Overview
The Foundation For Educational Advancement is located in Brighton, MI. The organization was established in 2003. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Foundation For Educational Advancement 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, Foundation For Educational Advancement generated $225.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $72.5k during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gorden R Follmer President | 5 | $0 | |
Elias Gennaoui Director | 1 | $0 | |
Gary White Secretary And Treasury | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $225,050 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $225,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $955 |
| Contributions, gifts, grants paid | $71,509 |
| Total expenses and disbursements | $72,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,455 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $10,000 |
| 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 | $177,455 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Foundation For Educational Advancement has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Credit Unions Chartered In The State Of Michigan Dearborn, MI PURPOSE: Donate in locations we serve to better the community. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
The New Common School Foundation Detroit, MI | $40,234,956 | $5,515,596 |
Complete College America Inc Indianapolis, IN | $10,589,853 | $9,838,948 |
Communities In Schools Of Ohio Columbus, OH | $1,850,086 | $3,633,271 |
Taylor University Broadcasting Inc Fort Wayne, IN | $4,217,815 | $3,016,713 |
Ohio Campus Compact Granville, OH | $347,453 | $1,037,015 |
Strategic Facility Partners Inc Columbus, OH | $16,015,594 | $2,372,272 |
Grand Rapids Student Advancement Foundation Grand Rapids, MI | $7,185,647 | $4,898,326 |
Liberty-Benton Athletic Boosters Findlay, OH | $421,653 | $654,610 |