Belmont Education Foundation
- Assets
- $745.9k
- Revenue
- $198.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 10/1993
- Data as of
- 06/2021
- EIN
- 22-3253542
Organization Overview
Belmont Education Foundation is located in Belmont, MA. The organization was established in 1993. According to its NTEE Classification (B25) the organization is classified as: Secondary & High 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. Belmont 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 06/2021, Belmont Education Foundation generated $198.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $63.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 6 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 SUPPORT AND ENRICHMENT TO THE BELMONT PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LEARNING EXCELLENCE AND SPECIAL INITIATIVES GRANTS TO TEACHERS AND ADMINISTRATORS AND TO PROVIDE ENRICHMENT MATERIALS FOR THE BELMONT PUBLIC SCHOOL SYSTEM.
TEACHER RECOGNITION AWARDS
PROVIDE LEARNING EXCELLENCE AND SPECIAL INITIATIVES GRANTS TO TEACHERS AND ADMINISTRATORS AND TO PROVIDE ENRICHMENT MATERIALS FOR THE BELMONT PUBLIC SCHOOL SYSTEM.
TEACHER RECOGNITION AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Goodwin Director And Treasurer | OfficerTrustee | 2 | $0 |
Martha Brown Director And Vice Pres. | OfficerTrustee | 2 | $0 |
Melissa Nott Davis President And Director | OfficerTrustee | 2 | $0 |
Lyn Hamer Director And Vice Pres. | OfficerTrustee | 2 | $0 |
Christa Bauge President Ex Officio & Director | OfficerTrustee | 2 | $0 |
Kim Dargon Director And Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,440 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,590 |
| Total Program Service Revenue | $0 |
| Investment income | $8,167 |
| 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 | $198,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,052 |
| 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 | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,779 |
| Advertising and promotion | $0 |
| Office expenses | $864 |
| Information technology | $0 |
| 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 | $655 |
| All other expenses | $715 |
| Total functional expenses | $63,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,216 |
| Savings and temporary cash investments | $515,305 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,393 |
| 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 | $163,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $745,866 |
| Accounts payable and accrued expenses | $4,900 |
| Grants payable | $127,040 |
| 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 | $131,940 |
| Net assets without donor restrictions | $514,331 |
| Net assets with donor restrictions | $99,595 |
| 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 | $745,866 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Belmont Education Foundation has recieved totaling $16,710.
| Awarding Organization | Amount |
|---|---|
Belmont Savings Bank Foundation Belmont, MA PURPOSE: EXCELLENCE IN LEARNING | $10,000 |
Alan K And Isabelle Derkazarian Foundation Belmont, MA PURPOSE: UNRESTRICTED | $5,000 |
Ganguly Family Foundation Inc Belmont, MA PURPOSE: HUMANITARIAN | $1,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $510 |
Richard And Susan Smith Family Foundation Newton, MA PURPOSE: EDUCATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoosac School Hoosick, NY | $9,736,705 | $10,403,119 |
Providence Country Day School East Providence, RI | $8,362,139 | $9,722,976 |
Marvelwood Preparatory School Kent, CT | $16,886,654 | $9,571,296 |
Commonwealth School Inc Boston, MA | $37,136,185 | $11,096,073 |
Laraway Youth And Family Services Johnson, VT | $7,526,503 | $10,159,267 |
Green Mountain Valley School Inc Waitsfield, VT | $25,000,995 | $8,271,085 |
Northwood School Lake Placid, NY | $28,703,807 | $7,899,486 |
Tgs-Think Global School Inc New York, NY | $2,486,018 | $5,034,757 |
William L Gilbert School Corp Winsted, CT | $9,627,751 | $8,001,337 |
Falmouth Academy Incorporated Falmouth, MA | $23,147,800 | $12,778,756 |
The Newman School Boston, MA | $11,310,210 | $8,351,226 |
Youth Renewal Fund New York, NY | $7,433,369 | $10,422,837 |