Glen Ridge Educational Foundation Incorporated
- Assets
- $337.7k
- Revenue
- $108.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Ridge, NJ
- Founding
- 05/1994
- Data as of
- 06/2024
- EIN
- 22-3258018
Organization Overview
Glen Ridge Educational Foundation Incorporated is located in Glen Ridge, NJ. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Glen Ridge Educational Foundation Incorporated 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 06/2024, Glen Ridge Educational Foundation Incorporated generated $108.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $113.0k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF INNOVATIVE PROGRAMS IN THE GLEN RIDGE SCHOOL SYSTEM THAT STIMULATE AND FACILITATE LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PROVIDED TO THE DISTRICT FOR TRAINING TEACHERS IN THE ORTON-GILLINGHAM LANGUAGE PROGRAM. TWELVE TEACHERS ARE PARTICIPATING IN THIS 2-YEAR TRAINING PROGRAM. THIS TRAINING TEACHES AN IMPORTANT METHOD FOR ENHANCING READING INSTRUCTION. COSTS INCLUDE TUITION FOR THE 12 TEACHERS ($63,648) AND BOOKS ($3,027).
SPONSORSHIP OF THE VIRTUAL HIGH SCHOOL. THIS GRANT ALLOWED PURCHASE OF SEATS FOR ONLINE CLASSES FOR HIGH SCHOOL STUDENTSW. IT IS USED FOR CLASSES NOT AVAILABLE IN THE DISTRICT, IONCLUDING SOME AP CLASSES.
PURCHASE OF RIGMAJIG KITS FOR 2 PRE-K TO 2 ELEMENTARY SCHOOLS IN THE DISTRICT. RIGAMAJIGS ARE LARGE-SCALE LOOSE-PARTS BUILDING KITS THAT INSPIRE STEM/STEAM LEARNING AND PROBLEM-SOLVING SKILLS THROUGH OPEN-ENDED, COLLABORATIVE PLAY.
INNOVATION MINI-GRANTS TO THE GLEN RIDGE SCHOOLS FOR MULTIPLE PROJECTS ACROSS ALL OF THE SCHOOLS IN THE DISTRICT. THESE PROJECTS ARE PROPOSED & IMPLEMENTED BY TEACHERS IN THE SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwen Schoenfeld Trustee | Trustee | 0 | $0 |
Kris Ramanthan Trustee | Trustee | 0 | $0 |
Marcia H Ogrady Trustee | Trustee | 0 | $0 |
David Lefkovits Trustee | Trustee | 0 | $0 |
Mary Louise Malyska Trustee | Trustee | 0 | $0 |
Tim Spayd Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,134 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,406 |
| Total Program Service Revenue | $0 |
| Investment income | $10,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,413 |
| 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 | $0 |
| 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 | $796 |
| Information technology | $1,000 |
| 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 | $0 |
| All other expenses | $828 |
| Total functional expenses | $113,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,782 |
| Savings and temporary cash investments | $327,922 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $337,704 |
| 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 | $0 |
| 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 | $337,704 |
| Total liabilities and net assets/fund balances | $337,704 |
Grants Awarded
Over the last fiscal year, Glen Ridge Educational Foundation Incorporated has awarded $110,413 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GLEN RIDGE SCHOOL SYSTEM PURPOSE: Teacher training in Orton-Gillingham | $66,675 |
GLEN RIDGE SCHOOL SYSTEM PURPOSE: Virtual High School | $12,330 |
GLEN RIDGE SCHOOL SYSTEM PURPOSE: Innovation mini-grants | $13,927 |
GLEN RIDGE SCHOOL SYSTEM PURPOSE: Purchase of Rigamajig | $17,481 |