Nfpa Education And Technology Foundation
- Assets
- $1.3m
- Revenue
- $677.9k
- Investments
- $173.6k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 10/2007
- Data as of
- 06/2023
- EIN
- 22-3952722
Organization Overview
Nfpa Education And Technology Foundation is located in Milwaukee, WI. The organization was established in 2007. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Nfpa Education And Technology 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 06/2023, Nfpa Education And Technology Foundation generated $677.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $397.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Nfpa Education And Technology Foundation has awarded 81 individual grants totaling $2,755,550. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NFPA FOUNDATION SUPPORTS THE OUTREACH, EDUCATION, AND RESEARCH PROGRAMS NEEDED TO ACTIVELY ENGAGE STUDENTS IN THE STUDY OF HYDRAULICS AND PNEUMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLUID POWER CURRICULUM GRANTS - HELPS TO DEVELOP AND DISSEMINATE FLUID POWER CURRICULUM, LABORATORIES, OR OTHER TEACHING MATERIALS AT ACCREDITED 2-YEAR OR 4-YEAR COLLEGES.
FLUID POWER EDUCATION PROGRAMS - PROVIDES FUNDING FOR EXTRA-CURRICULAR FLUID POWER PROGRAMS AND ACTIVITIES AT ACCREDITED 4-YEAR COLLEGES, INCLUDING FLUID POWER CLUBS AND THE FLUID POWER VEHICLE CHALLENGE.FLUID POWER RESEARCH SUPPLEMENT AWARDS - PROVIDES FUNDING FOR ACADEMIC RESEARCHERS WITH EXTERNAL FLUID POWER RESEARCH FUNDING TO PRESENT AT INDUSTRY CONFERENCES AND EVENTS.
FLUID POWER SCHOLARSHIPS - OFFERED TO QUALIFIED STUDENTS TO PURSUE FLUID POWER OR ENGINEERING EDUCATION AT ACCREDITED 2-YEAR OR 4-YEAR COLLEGES.
FLUID POWER ACTION CHALLENGE GRANTS - PROVIDES FUNDING FOR MATERIALS AND CURRICULUM FOR A MIDDLE OR HIGH SCHOOL CLASSROOM ACTIVITIES THAT EXPOSES STUDENTS AND TEACHERS TO A REAL-WORLD ENGINEERING PROBLEM SOLVED BY USING FLUID POWER TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hand Past Chair | OfficerTrustee | 0.5 | $0 |
Jim Kaas Chair | OfficerTrustee | 0.5 | $0 |
Tom Hunter Vice Chair | OfficerTrustee | 0.5 | $0 |
Keith Simons Treasurer | OfficerTrustee | 0.5 | $0 |
Jim Slone Secretary | OfficerTrustee | 0.5 | $0 |
Eric Lanke President/ceo | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $569,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,021 |
| Total Program Service Revenue | $31,350 |
| Investment income | $16,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,159 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $677,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $188,387 |
| Grants and other assistance to domestic individuals. | $130,000 |
| 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 | $13,812 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,385 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,349 |
| 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 | $28,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,685 |
| Total functional expenses | $397,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,019 |
| Savings and temporary cash investments | $249,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,233 |
| 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 | $1,250 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $365,549 |
| Investments—other securities | $173,577 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,298,932 |
| Accounts payable and accrued expenses | $34,594 |
| 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 | $34,594 |
| Net assets without donor restrictions | $867,331 |
| Net assets with donor restrictions | $397,007 |
| 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 | $1,298,932 |
Grants Awarded
Over the last fiscal year, Nfpa Education And Technology Foundation has awarded $110,103 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND STATE UNIVERSITY PURPOSE: FLUID POWER EDUCATION PROGRAMS | $6,250 |
IOWA STATE UNIVERSITY PURPOSE: FLUID POWER SCHOLARSHIPS, EDUCATION PROGRAMS, RESEARCH SUPPLEMENT AWARDS | $5,250 |
KENNESAW STATE UNIVERSITY PURPOSE: FLUID POWER EDUCATION PROGRAMS | $5,500 |
LOYOLA MARYMOUNT UNIVERSITY PURPOSE: FLUID POWER EDUCATION PROGRAMS | $5,250 |
MICHIGAN TECHNOLOGICAL UNIVERSITY PURPOSE: FLUID POWER EDUCATION PROGRAMS | $5,250 |
MILWAUKEE SCHOOL OF ENGINEERING PURPOSE: FLUID POWER EDUCATION PROGRAMS, RESEARCH SUPPLEMENT AWARDS | $5,750 |