Penn-Harris-Madison Educational Foundation Inc
- Assets
- $1.4m
- Revenue
- $275.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Mishawaka, IN
- Founding
- 01/1997
- Data as of
- 06/2022
- EIN
- 35-1996785
Organization Overview
Penn-Harris-Madison Educational Foundation Inc is located in Mishawaka, IN. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Penn-Harris-Madison Educational Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn-Harris-Madison 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 06/2022, Penn-Harris-Madison Educational Foundation Inc generated $275.6k 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 (12.7%) each year. All expenses for the organization totaled $226.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EXCELLENCE IN EDUCATION IN P-H-M SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS IN FALL 2021 AND SPRING 2022 FOR P-H-M TEACHERS AND VARIOUS SCHOOLS WITHIN THE P-H-M DISTRICT.
PROVIDED SCHOLARSHIPS IN FALL 2021 AND SPRING 2022 FOR STUDENTS TO VARIOUS UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cari Wilson Board Member | Trustee | 0.25 | $0 |
Clare Roach Phm School Board Rep | Trustee | 0.25 | $0 |
Cleary Jankowski Board Member | Trustee | 0.25 | $0 |
Darcy Bloss Board Member | Trustee | 0.25 | $0 |
Donna Thacker Board Member | Trustee | 0.25 | $0 |
Farin Henderson Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $106,312 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,720 |
| Total Program Service Revenue | $0 |
| Investment income | $1,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,709 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $88,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,463 |
| Advertising and promotion | $7,869 |
| Office expenses | $6,239 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $805 |
| All other expenses | $378 |
| Total functional expenses | $226,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $256,670 |
| Pledges and grants receivable | $301,147 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $68,292 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $746,167 |
| Total assets | $1,372,276 |
| Accounts payable and accrued expenses | $31,270 |
| 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 | $31,270 |
| Net assets without donor restrictions | $112,513 |
| Net assets with donor restrictions | $1,228,493 |
| 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 | $1,372,276 |
Grants Awarded
Over the last fiscal year, Penn-Harris-Madison Educational Foundation Inc has awarded $58,604 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
P-H-M SCHOOL CORPORATION PURPOSE: Educational resources to benefit the students in the P-H-M School Corporation. | $13,604 |
UNITED WAY OF ST JOSEPH COUNTY INC PURPOSE: Kindness for Blindness | $45,000 |