Earth University Foundation
- Assets
- $81.5m
- Revenue
- $7.5m
- Investments
- $8.0m
- Employees
- 10
- Location
- Atlanta, GA
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 38-2920639
Organization Overview
Earth University Foundation is located in Atlanta, GA. The organization was established in 1990. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Earth University Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earth University 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 12/2023, Earth University Foundation generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE AND OTHER SUPPORT FOR THE EDUCATION OF STUDENTS ATTENDING EARTH UNIVERSITY AND FOR EARTH'S PROGRAMS AND INITIATIVES IN SUPPORT OF THAT EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WERE A NUMBER OF PROJECTS AND PROGRAMS AT EARTH UNIVERSITY THAT RECEIVED FUNDING SUPPORT FROM THE FOUNDATION. AMONG THE MOST SUPPORTED INCLUDE THE ENTREPRENEURIAL PROJECTS PROGRAM, INTERNSHIP SUPPORT, STUDENT RECRUITMENT, SPANISH LANGUAGE INSTRUCTION, AND COMMUNITY DEVELOPMENT PROJECTS. SUCH PROGRAM SUPPORT DIRECTLY AND INDIRECTLY BENEFITED ALL 410 STUDENTS AS WELL AS THE COMMUNITIES SURROUNDING THE CAMPUS.
MOST STUDENTS ATTENDING EARTH UNIVERSITY COME FROM RURAL PARTS OF DEVELOPING COUNTRIES, PRINCIPALLY IN LATIN AMERICA, THE CARIBBEAN, AND AFRICA. EARTH UNIVERSITY'S MISSION IS TO PREPARE LEADERS WITH ETHICAL VALUES TO CONTRIBUTE TO SUSTAINABLE DEVELOPMENT AND TO CONSTRUCT A PROSPEROUS AND JUST SOCIETY. FULFILLING THIS MISSION IS VIEWED AS THE BEST WAY TO EFFECT LONG-TERM CHANGE THAT BRINGS SUSTAINABLE SOLUTIONS TO THE DEVELOPING WORLD. EUF SECURES FUNDS FOR THE UNIVERSITY'S FINANCIAL AID PROGRAM. IN 2023, THERE WERE 410 STUDENTS ENROLLED AT EARTH UNIVERSITY, 50% FEMALE, REPRESENTING 39 COUNTRIES. PLEASE REFER TO SCHEDULE O FOR FURTHER DETAILS ON THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meridith L Rentz Executive Director | Officer | 40 | $216,305 |
Victor Sanchez Sr. Philanthropy Advisor | 40 | $153,280 | |
Ann Cooper Philanthropy Officer | 40 | $120,447 | |
Kerry Mcardle Philanthropy Officer | 40 | $132,050 | |
Elma Goduto Finance Director | Officer | 40 | $115,119 |
Mark Brouse Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,568,746 |
| Government grants | $1,220,606 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,068,872 |
| Noncash contributions included in lines 1a–1f | $30,554 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,858,224 |
| Total Program Service Revenue | $0 |
| Investment income | $1,647,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,505,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,879,109 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $381,131 |
| Compensation of current officers, directors, key employees. | $111,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $684,205 |
| Pension plan accruals and contributions | $40,176 |
| Other employee benefits | $106,368 |
| Payroll taxes | $75,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,135 |
| Fees for services: Accounting | $44,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,372 |
| Advertising and promotion | $0 |
| Office expenses | $40,206 |
| Information technology | $20,755 |
| Royalties | $0 |
| Occupancy | $10,670 |
| Travel | $54,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,159 |
| Insurance | $16,581 |
| All other expenses | $0 |
| Total functional expenses | $9,413,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,845 |
| Savings and temporary cash investments | $2,490,686 |
| Pledges and grants receivable | $2,891,924 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $261,988 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,235 |
| Net Land, buildings, and equipment | $29,211 |
| Investments—publicly traded securities | $67,040,334 |
| Investments—other securities | $7,992,853 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $555,431 |
| Total assets | $81,460,507 |
| Accounts payable and accrued expenses | $57,508 |
| 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 | $235,379 |
| Total liabilities | $292,887 |
| Net assets without donor restrictions | $965,643 |
| Net assets with donor restrictions | $80,201,977 |
| 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 | $81,460,507 |