Wellesley Education Foundation Inc
- Assets
- $2.5m
- Revenue
- $228.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 03/1986
- Data as of
- 06/2022
- EIN
- 22-2653559
Organization Overview
Wellesley Education Foundation Inc is located in Wellesley, MA. The organization was established in 1986. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Wellesley Education Foundation 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 06/2022, Wellesley Education Foundation Inc generated $228.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $215.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wellesley Education Foundation Inc has awarded 15 individual grants totaling $1,182,457. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE INNOVATION AND EXCELLENCE IN WELLESLEY PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE INNOCATION AND EXCELLENCE IN THE WELLESLEY PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Hernandez President | OfficerTrustee | 3 | $0 |
Janet Goujiamanis Treasurer | OfficerTrustee | 3 | $0 |
Elizabeth Shlala Vice Preside | OfficerTrustee | 3 | $0 |
Jill Fischmann Secretary | OfficerTrustee | 3 | $0 |
Bea Bezmalanovic Director | Trustee | 3 | $0 |
Scott Friedman Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,025 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,617 |
| Noncash contributions included in lines 1a–1f | $5,133 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,642 |
| Total Program Service Revenue | $0 |
| Investment income | $48,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,575 |
| Net Income from Fundraising Events | -$6,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178,199 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,591 |
| Fees for services: Other | $0 |
| Advertising and promotion | $175 |
| Office expenses | $3,413 |
| Information technology | $2,360 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,099 |
| All other expenses | $0 |
| Total functional expenses | $215,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,266 |
| Savings and temporary cash investments | $86,004 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,344,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,492,106 |
| 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 | $222,257 |
| Net assets with donor restrictions | $2,269,849 |
| 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 | $2,492,106 |
Grants Awarded
Over the last fiscal year, Wellesley Education Foundation Inc has awarded $217,578 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WELLESLEY PUBLIC SCHOOLS PURPOSE: TO SUPPORT VARIOUS PROGRAMS AND INITIATIVES OF THE WELLESLEY PUBLIC SCHOOL SYSTEM. | $217,578 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wellesley Education Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Jjk Foundation Herndon, VA PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $2,598,658 |
| Earnings | -$296,319 |
| Admin Expense | $7,591 |
| Net Contributions | $5,133 |
| Grants | $30,032 |
| Ending Balance | $2,269,849 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Brunswick School Inc Greenwich, CT | $416,319,503 | $63,510,846 |
Buckingham Browne And Nichols School Cambridge, MA | $184,959,090 | $58,711,322 |
Packer Collegiate Institute Brooklyn, NY | $176,388,503 | $70,028,029 |