Educational Advancement Foundation
- Assets
- $144.2k
- Revenue
- $13.6k
- Investments
- $95.8k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/1969
- Data as of
- 12/2021
- EIN
- 23-7001761
Organization Overview
Educational Advancement Foundation is located in Austin, TX. The organization was established in 1969. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. Educational Advancement 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 12/2021, Educational Advancement Foundation generated $13.6k 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 (32.9%) each year. All expenses for the organization totaled $14.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (48.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Educational Advancement Foundation has awarded 79 individual grants totaling $1,500,215. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE INITIATIVE FOR MATHEMATICS LEARNING BY INQUIRY (IMLI). IMLI WORKS TO STRENGHTEN THE MATHEMATICAL PREPARATION OF ALL STUDENTS BY SUPPORTING & EXPANDING THE COMMUNITY OF TEACHER-PRACTITIONERS AT THE UNDERGRADUATE, GRADUATE, & PRE-COLLEGE LEVELS IN INQUIRY BASED LEARNING (IBL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Lewis Secretary | 20 | $0 | |
Harry Lucas Jr President | 25 | $0 | |
Fain Brock Treasurer | 30 | $0 | |
William C Hamilton Trustee | 1 | $0 | |
Don Wukasch Trustee | 1 | $0 | |
Brian Raines Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,100 |
| Interest on Savings | $0 |
| 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 | $4,516 |
| Total Revenue | $13,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $618 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,392 |
| Total operating and administrative expenses | $5,535 |
| Contributions, gifts, grants paid | $8,900 |
| Total expenses and disbursements | $14,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,423 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $95,836 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42,932 |
| Total assets | $144,191 |
| Accounts payable and accrued expenses | $4,791 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,791 |
Grants Awarded
Over the last fiscal year, Educational Advancement Foundation has awarded $8,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE INITIATIVE FOR MATHEMATICS PURPOSE: FUND OPERATIONS PER MOU | $7,500 |
Beaumont, TX PURPOSE: IN MEMORY OF MILDRED BLAND LUCAS | $1,000 |
Beaumont, TX PURPOSE: IN MEMORY OF PHILIP BLAND LUCAS | $400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Educational Advancement Foundation has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Wukasch Foundation Austin, TX PURPOSE: TO SUPPORT THE ORGANIZATION'S PURPOSE | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portico Education Foundation Carrollton, TX | $2,396,287 | $5,783,858 |
Youth Force Nola New Orleans, LA | $5,195,075 | $5,408,027 |
Texas Association Of School Administrators Austin, TX | $4,673,285 | $5,966,291 |
Texas Restaurant Association Austin, TX | $11,924,378 | $5,929,472 |
Texas Charter Schools Association Austin, TX | $5,399,898 | $5,059,843 |
Walton Education Coalition Inc Bentonville, AR | $905,003 | $3,450,000 |
Louisiana Restaurant Association Inc Metairie, LA | $9,314,228 | $3,239,510 |
Fort Worth Education Partnership Inc Fort Worth, TX | $6,170,741 | $4,613,145 |
Uni-Bell Pvc Pipe Association Irving, TX | $1,260,616 | $2,106,268 |
Americans For Fair Treatment Inc Oklahoma City, OK | $1,029,037 | $2,472,942 |
Kundalini Research Institute Santa Cruz, NM | $2,413,444 | $1,657,975 |
Wps2 Fund Bentonville, AR | $58,394,483 | $1,485,640 |