Moorestown Education Foundation
- Assets
- $1.0m
- Revenue
- $167.9k
- Investments
- $165.6k
- Employees
- 0
- Location
- Moorestown, NJ
- Founding
- 07/1986
- Data as of
- 12/2022
- EIN
- 22-2699954
Organization Overview
Moorestown Education Foundation is located in Moorestown, NJ. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Moorestown Education Foundation 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 12/2022, Moorestown Education Foundation generated $167.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $144.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Moorestown Education Foundation has awarded 211 individual grants totaling $152,105. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ESTABLISHED TO RECEIVE AND ACCEPT PROPERTY, WHETHER REAL, PERSONAL OR MIXED BY WAY OF GIFT, BEQUEST OR DEVISE FROM ANY PERSON, FIRM, TRUST, CORPORATION, OR THE PUBLIC-AT-LARGE IN EITHER AN INDIVIDUAL OR FIDUCIARY CAPACITY, TO BE USED TO AWARD SCHOLARSHIPS TO THE GRADUATES OF THE MOORESTOWN PUBLIC SCHOOL DISTRICT OR GRANTS TO THE MOORESTOWN BOARD OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Weinstein At Large Trustee | 2 | $0 | |
Debtosh Chakrabarti President/at Large Trustee | 2 | $0 | |
Georgean Wardzinski Vice President/at Large Tr | 2 | $0 | |
Don Mishler Trustee/at Large Trustee | 2 | $0 | |
Caryn Shaw At Large Trustee | 2 | $0 | |
Ian Hinke At Large Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,799 |
| Interest on Savings | $1,379 |
| 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 | $94,703 |
| Total Revenue | $167,881 |
| 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 | $110,402 |
| Total operating and administrative expenses | $110,402 |
| Contributions, gifts, grants paid | $34,005 |
| Total expenses and disbursements | $144,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $840,160 |
| 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 | $9,089 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $165,561 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,014,810 |
| Accounts payable and accrued expenses | $7,550 |
| Grants payable | $0 |
| Deferred revenue | $5,520 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,070 |
Grants Awarded
Over the last fiscal year, Moorestown Education Foundation has awarded $34,005 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
REGAN TERRY PURPOSE: AUSTERMUHL SCHOLARSHIP | $500 |
RISHABH KACHRU PURPOSE: BETANCOURT SCHOLARSHIP ( PAT USUALLY CHOOSES ) | $500 |
JAMES BURRUS PURPOSE: CONGO SCHOLARSHIP | $1,000 |
AVA HUTCHINSON PURPOSE: COSTELLO SCHOLARSHIP | $2,000 |
EMILY ECKER PURPOSE: EDNA D. GREENSPAN SCHOLARSHIP | $750 |
GRAYSON BUNTING PURPOSE: EVAN WELCH ( AWARDING 2 IN 2022 ) | $1,000 |