Falmouth Education Foundation
- Assets
- $883.8k
- Revenue
- $62.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Falmouth, ME
- Founding
- 01/1994
- Data as of
- 06/2021
- EIN
- 22-3267950
Organization Overview
Falmouth Education Foundation is located in Falmouth, ME. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falmouth 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, Falmouth Education Foundation generated $62.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $26.2k during the year ending 06/2021. 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
THE FALMOUTH EDUCATION FOUNDATION (FEF), FOUNDED IN 1993, ENHANCES EDUCATIONAL EXCELLENCE AND PROMOTES INNOVATIVE STUDENT DEVELOPMENT BY SUPPORTING EDUCATIONAL PROGRAMS AND INITIATIVES THAT PRIMARILY BENEFIT CHILDREN, PRE-SCHOOL THROUGH GRADE 12, WHO ARE RESIDENTS OF FALMOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GRANTS FUNDS TO THE LOCAL SCHOOL DISTRICT TO AID IN THEIR MISSION OF PROVIDING QUALITY PUBLIC EDUCATION TO THE CHILDREN OF THE FALMOUTH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Reany President | OfficerTrustee | 1 | $0 |
Kristina Lieberman Secretary | OfficerTrustee | 0.5 | $0 |
Karen Cowperthwaite Treasurer | OfficerTrustee | 0.5 | $0 |
Becky Carrier Director | Trustee | 0.5 | $0 |
Penny Guyton Director | Trustee | 0.5 | $0 |
Christine Goodbody Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,750 |
| Investment income | $9,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,602 |
| Net Income from Fundraising Events | $1,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,014 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,494 |
| 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 | $0 |
| 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 | $1,093 |
| All other expenses | $0 |
| Total functional expenses | $26,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,211 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $833,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $883,835 |
| 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 |
| Total liabilities and net assets/fund balances | $883,835 |
Grants Awarded
Over the last fiscal year, Falmouth Education Foundation has awarded $20,301 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FALMOUTH ME PUBLIC SCHOOLS PURPOSE: EDUC. TRAINING, EQUIPMENT | $10,301 |
Falmouth, ME PURPOSE: EDUC. TRAINING, EQUIPMENT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Falmouth Education Foundation has recieved totaling $213.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Nashua Inc Nashua, NH | $1,945,140 | $2,501,353 |
Heart Of Maine United Way Bangor, ME | $5,339,304 | $2,989,676 |
Jewish Community Alliance Of Southern Maine Portland, ME | $12,590,266 | $2,545,946 |
United Way Of Mid Coast Maine Inc Bath, ME | $2,637,313 | $1,845,712 |
United Way Of Kennebec Valley Augusta, ME | $2,973,844 | $2,086,314 |
Monadnock United Way Inc Keene, NH | $3,611,197 | $2,296,861 |
The Masonic Charitable Foundation Of The Grand Lodge Of Maine Holden, ME | $35,415,349 | $2,059,993 |
Foundation For Portland Public Schools Portland, ME | $1,243,540 | $1,739,135 |
United Way Of Androscoggin County Inc Lewiston, ME | $3,239,187 | $1,022,027 |
United Way Of Aroostook Presque Isle, ME | $423,672 | $720,193 |
Nashau Ice Skating Center Corp Nashua, NH | $1,949,288 | $911,265 |
United Mid-Coast Charities Inc Camden, ME | $5,640,036 | $840,362 |