The Moorings Educational Foundation Inc
- Assets
- $175.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 26-3092901
Organization Overview
The Moorings Educational Foundation Inc is located in Vero Beach, FL. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Moorings Educational 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, Moorings Educational Foundation Inc generated $99.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $74.6k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION AWARDED SCHORLARSHIP TOTALING $69,497 TO 45 STUDENTS DURING THE 2021-2022 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Delaney President | 1 | $0 | |
Judith A Ziemski Treasurer | 1 | $0 | |
Barbara J Gervais VP & Secretary | 1 | $0 | |
Albert Angelus Director | 1 | $0 | |
J Nicholas Hurd Director | 1 | $0 | |
Nick Bruce Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,550 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,567 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $595 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,517 |
| Total expenses | $74,609 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,834 |
| Other assets | $0 |
| Total assets | $175,323 |
| Total liabilities | $18,086 |
| Net assets or fund balances | $157,237 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Moorings Educational Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
James F Bell Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $1,000 |
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |