The Extra Mile Education Foundation Inc
- Assets
- $20.9m
- Revenue
- $3.4m
- Investments
- $15.3k
- Employees
- 5
- Location
- Pittsburgh, PA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 25-1621067
Organization Overview
The Extra Mile Education Foundation Inc is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2021, Extra Mile Education Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Extra Mile Education Foundation Inc 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, Extra Mile Education Foundation Inc generated $3.4m 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 (3.1%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Extra Mile Education Foundation Inc has awarded 50 individual grants totaling $15,452,555. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SCHOLARSHIP SUPPORT, THROUGH SUBSIDIES AND GRANTS, FOR INNER-CITY CHILDREN ATTENDING CATHOLIC ELEMENTARY SCHOOLS IN PITTSBURGH URBAN NEIGHBORHOODS IN ACCORDANCE WITH EXTRA MILE'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNER-CITY ELEMENTARY SCHOOL OPERATIONSTHE SCHOOLS SUPPORTED INCLUDE ST. BENEDICT THE MOOR IN THE HILL DISTRICT, SR. THEA BOWMAN CATHOLIC ACADEMY IN WILKINSBURG, AND NORTHSIDE CATHOLIC ASSUMPTION ACADEMY IN PITTSBUGH'S NORTHSIDE. SCHOLARSHIP SUPPORT IS PROVIDED FOR CHILDREN ATTENDING OAKLAND CATHOLIC, CHRIST THE DIVINE TEACHER CATHOLIC ACADEMY, DIVINE MERCY ACADEMY, GUARDIAN ANGEL ACADEMY, HOLY FAMILY CATHOLIC SCHOOL, MADONNA CATHOLIC REGIONAL SCHOOL, MARY OF NAZARETH, OUR LADY OF FATIMA SCHOOL, SACRED HEART ELEMENTARY, AND SAINT MONICA CATHOLIC ACADEMY.
IN ADDITION TO SCHOOL SUBSIDIES, EXTRA MILE EDUCATION FOUNDATION SUPPORTS THE CHILDREN ATTENDING ST. BENEDICT THE MOOR AND SR. THEA BOWMAN CATHOLIC ACADEMY THROUGH THE OPERATION OF VARIOUS OTHER PROGRAMS SERVICES INCLUDING: DIRECTOR'S DISCRETIONARY GRANT: $14,000CLASSROOM SAFETY PROGRAM: $81,665YPAC HOLIDAY FOOD FUND: $2,730SIENCE/STEM PROGRAM: $7,322
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne M Vertosick Executive Director | Officer | 40 | $116,000 |
J Christopher Donahue Chairman | OfficerTrustee | 1 | $0 |
Donald J Heberle Vice Chairman | OfficerTrustee | 1 | $0 |
Lynette A Horrell Vice Chairman | OfficerTrustee | 1 | $0 |
Lori Hensler Assistant Treasurer | Officer | 1 | $0 |
Matthew George Assistant Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,500 |
| Related organizations | $0 |
| Government grants | $53,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,034,776 |
| Noncash contributions included in lines 1a–1f | $157,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,147,913 |
| Total Program Service Revenue | $0 |
| Investment income | $393,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,107,248 |
| Net Income from Fundraising Events | $1,461 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,412,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,306,187 |
| 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. | $136,281 |
| Compensation of current officers, directors, key employees. | $27,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,334 |
| Pension plan accruals and contributions | $6,376 |
| Other employee benefits | $18,652 |
| Payroll taxes | $24,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $102,294 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,130 |
| Office expenses | $3,770 |
| Information technology | $7,626 |
| Royalties | $0 |
| Occupancy | $46,992 |
| Travel | $359 |
| 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 | $2,720 |
| Insurance | $572 |
| All other expenses | $0 |
| Total functional expenses | $2,921,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,846 |
| Savings and temporary cash investments | $1,034,868 |
| Pledges and grants receivable | $314,286 |
| Accounts receivable, net | $316,003 |
| 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 | $20,793 |
| Investments—publicly traded securities | $19,160,457 |
| Investments—other securities | $15,309 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,716 |
| Total assets | $20,921,278 |
| Accounts payable and accrued expenses | $11,269 |
| Grants payable | $100,000 |
| 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 | $111,269 |
| Net assets without donor restrictions | $3,309,060 |
| Net assets with donor restrictions | $17,500,949 |
| 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 | $20,921,278 |
Grants Awarded
Over the last fiscal year, The Extra Mile Education Foundation Inc has awarded $2,292,187 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: SUBSIDY | $902,945 |
ST BENEDICT THE MOOR SCHOOL PURPOSE: SUBSIDY | $851,125 |
Pittsburgh, PA PURPOSE: SUBSIDY | $449,117 |
Pittsburgh, PA PURPOSE: SUBSIDY | $44,000 |
Pittsburgh, PA PURPOSE: SUBSIDY | $22,000 |
Beaver Falls, PA PURPOSE: SUBSIDY | $13,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Extra Mile Education Foundation Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Thomas Lord Charitable Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $10,000 |
Wagner Family Charible Tr Ua 11172000 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $16,617,791 |
| Earnings | $2,266,858 |
| Grants | $1,328,254 |
| Ending Balance | $17,556,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |