Beads For Education Inc A Non-Profit Corporation
- Assets
- $701.6k
- Revenue
- $330.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brookfield, CT
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-1212609
Organization Overview
Beads For Education Inc A Non-Profit Corporation is located in Brookfield, CT. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Beads For Education Inc A Non-Profit Corporation 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, Beads For Education Inc A Non-Profit Corporation generated $330.1k 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 (6.8%) each year. All expenses for the organization totaled $362.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) 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
TO PROVIDE EDUCATION OPPORTUNITIES TO LOW-INCOME WOMEN IN KENYA, NOT OTHERWISE AVAILABLE TO THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS-THE ORGANIZATION PAYS SCHOOL AND BOARDING FEES FOR PRIMARY, SECONDARY AND COLLEGE LEVEL KENYAN STUDENTS BASED ON FINANCIAL NEED AND/OR ACADEMIC MERIT. HIGH SCHOOL GRADUATES INTERN WITH THE PROGRAM FOR 1 YEAR, TEACHING ELEMENTARY STUDENTS FROM THE LOCAL COMMUNITIES. AFTER COMPLETION OF THE INTERNSHIP THEY QUALIFY FOR COLLEGE SCHOLARSHIP.
HIGH SCHOOL TUITION AND DEVELOPMENT-THE HIGH SCHOOL TUITION AND DEVELOPMENT PROGRAMS WERE ESTATBLISHED TO IMPROVE THE QUALITY OF EDUCATION FOR STUDENTS FROM THE ISINYA, AMBOSELI, AND MASAI MARA REGIONS OF KENYA BY PROVIDING EDUCATIONAL SUPPLIES, TEACHING MATERIALS AND TEACHER TRAINING.
EDUCATION AND AWARENESS PROGRAMS-THE ORGANIZATION PROVIDES WORKSHOPS AND OTHER PROGRAMS FOR THE SCHOLARSHIP RECIPIENTS AND THEIR COMMUNITIES. THESE WORKSHOPS VARY FROM YEAR TO YEAR AND HAVE INCLUDED SUCH TOPICS AS HIV/AIDS PREVENTION, FEMALE CIRCUMCISION, TEACHER TRAINING, AND TOWN CLEAN-UP INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Rooney President | OfficerTrustee | 40 | $0 |
William Rooney Treasurer | OfficerTrustee | 40 | $0 |
Linda Macht Secretary | OfficerTrustee | 0 | $0 |
Sue Little Board Member | Trustee | 0 | $0 |
Jeffrey Elefante Board Member | Trustee | 0 | $0 |
Helen Gichohi Board Member | Trustee | 0 | $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 | $330,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,061 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,746 |
| Grants and other assistance to domestic individuals. | $130,685 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,116 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,402 |
| Information technology | $2,753 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,244 |
| 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 | $39,323 |
| Insurance | $0 |
| All other expenses | $17,394 |
| Total functional expenses | $362,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,591 |
| Loans from Officers, Directors, or Controlling Persons | $85,005 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $520,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $701,583 |
| Accounts payable and accrued expenses | $8,500 |
| 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 | $8,500 |
| Net assets without donor restrictions | $693,083 |
| 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 | $701,583 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beads For Education Inc A Non-Profit Corporation has recieved totaling $12,292.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,146 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |