Foundation For Eastern Christian School Association Inc
- Assets
- $280.0k
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- North Haledon, NJ
- Founding
- 04/2009
- Data as of
- 08/2021
- EIN
- 26-4337254
Organization Overview
Foundation For Eastern Christian School Association Inc is located in North Haledon, NJ. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Foundation For Eastern Christian School Association 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 08/2021, Foundation For Eastern Christian School Association Inc generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $3.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO SUPPORT AND BENEFIT EASTERN CHRISTIAN SCHOOL ASSOCIATION AND TO FURTHER THE ASSOCIATION'S EDUCATIONAL, CHARITABLE AND RELIGIOUS MISSION THROUGH ACTIVITIES THAT INCLUDE RAISING FUNDS, MAINTAINING OR SUPPORTING AN ENDOWMENT AND GRANTING FUNDS.
Describe the Organization's Program Activity:
AN UPSCALE-RESALE STORE, DITTO, WAS LAUNCHED IN SEPTEMBER 2010. SALES FOR THE FIRST YEAR OF OPERATION ENABLED THE STORE TO DONATE $75,000 IN PROFITS TO EASTERN CHRISTIAN SCHOOL, MAKE FINANCIAL DONATIONS TO 6 COMMUNITY CAUSES AND DONATE CLOTHING AND OTHER NECESSITIES TO RESIDENTS OF PATERSON DURING THE DEVASTATING FLOODS CAUSED BY HURRICANE IRENE. DITTO HAS AN ALL VOLUNTEER STAFF EXCEPT FOR ONE FULL TIME EMPLOYEE AND 13 PART TIME EMPLOYEES. THE MISSION OF DITTO IS NOT JUST FUNDRAISING, IT IS TO PROVIDE A SERVICE TO THE LOCAL COMMUNITY, A PLACE FOR LOWER INCOME FAMILIES TO SHOP. MANY DONATED ITEMS GIVEN TO OTHER CHARITIES.
SUPPORT OF EASTERN CHRISTIAN SCHOOL ASSOCIATIONTHE OBJECTIVE IS TO SUPPORT AND BENEFIT THE EASTERN CHRISTIAN SCHOOL ASSOCIATION AND TO FURTHER THE CHARITABLE, EDUCATIONAL AND RELIGIOUS MISSION THROUGH ACTIVITIES THAT INCLUDE, BUT ARE NOT LIMITED TO, CONDUCTING FUNDRAISING ACTIVITIES, MAINTAINING OR SUPPORTING AN ENDOWMENT AND GRANTING FUNDS.
TUITION REDUCTION INCENTIVE PROGRAM (TRIP)THE TRIP PROMOTES FUNDING THE EDUCATION OF STUDENTS AT EASTERN CHRISTIAN SCHOOL. IT IS A WAY FOR PARENTS TO REDUCE THEIR EASTERN CHRISTIAN TUITION BILL MAKING AN EASTERN CHRISTIAN EDUCATION MORE AFFORDABLE. THE TRIP PURCHASES LARGE QUANTITIES OF GIFT CERTIFICATES FOR A WIDE VARIETY OF STORES AT A DISCOUNT AND RESELLS THE GIFT CERTIFICATES TO PARENTS AND OTHERS AT FACE VALUE. A PORTION OF THE DISCOUNT INCOME RETAINED BY THE FOUNDATION AND CONTRIBUTED TO THE EASTERN CHRISTIAN SCHOOL ASSOCIATION DIRECTLY REDUCES THE TUITION BILLS OF FAMILIES DESIGNATED BY THE GIFT CERTIFICATE PURCHASER. THE REMAINDER OF THE DISCOUNT INCOME RETAINED BY THE FOUNDATION AND CONTRIBUTED TO THE EASTERN CHRISTIAN SCHOOL ASSOCIATION IS USED TO PAY OTHER OPERATING EXPENSES OF THE SCHOOL THUS REDUCING TUITION FOR ALL WHO ATTEND EASTERN CHRISTIAN.
THE FOUNDATION PUBLISHES "THE HERALD" MAGAZINE TWICE A YEAR, "THE EC TIMES" 8 TIMES A YEAR, AND THE ANNUAL STEWARDSHIP REPORT. WRITING ARTICLES FOR THE MAGAZINE AND NEWSPAPER PROVIDES REAL WORLD EXPERIENCE FOR ECSA JOURNALISM STUDENTS. THE MAGAZINE AND NEWSPAPER ALSO PROVIDE INFORMATION ABOUT THE SCHOOL AND THE STUDENT ACTIVITIES TO PARENTS, GRANDPARENTS, RELATIVES AND FRIENDS OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Tolsma Trustee | OfficerTrustee | 1 | $0 |
Ken Ritsma Chair | OfficerTrustee | 1 | $0 |
Soo Brown Executive Director | Officer | 1 | $0 |
Ruth Kuder Officer | Officer | 8 | $0 |
Tom Dykhouse Officer | Officer | 8 | $0 |
Greg Matthews Vice Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,647 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,691,184 |
| Noncash contributions included in lines 1a–1f | $760,105 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,791,831 |
| Total Program Service Revenue | $682,035 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,465,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,951,257 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,368 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,413 |
| Payroll taxes | $27,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,500 |
| Office expenses | $22,332 |
| Information technology | $9,853 |
| Royalties | $0 |
| Occupancy | $132,773 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,316 |
| Insurance | $0 |
| All other expenses | $62,346 |
| Total functional expenses | $3,463,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,824 |
| 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 | $54,547 |
| Prepaid expenses and deferred charges | $7,085 |
| Net Land, buildings, and equipment | $47,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $279,969 |
| Accounts payable and accrued expenses | $357 |
| Grants payable | $0 |
| Deferred revenue | $121,547 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $234,775 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $356,679 |
| Net assets without donor restrictions | -$76,710 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $279,969 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Foundation For Eastern Christian School Association Inc has recieved totaling $125,750.
| Awarding Organization | Amount |
|---|---|
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: EMERGENCY TECHNOLOGY UPGRADES TO FACILITATE REMOTE LEARNING RELATED TO ONGOING COVID 19 | $48,750 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: CHARITABLE GIVING - GREAT IS THY FAITHFULNESS CAMPAIGN | $25,000 |
Russo Family Foundation Inc Carlstadt, NJ PURPOSE: EDUCATIONAL ORGANIZATION | $21,000 |
Bernard & Dorothy Hamstra Charitable Foundation Westfield, NJ PURPOSE: CHARITABLE DONATION | $20,000 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: HOMECOMING 2021 - 10/15/21 - HOMECOMING SPONSOR | $5,000 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: GOLF OUTING - 5/24/21 - PLATINUM SPONSOR | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |