Foundation For Excellence In Higher Education Inc
- Assets
- $13.3m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 46-1439784
Organization Overview
Foundation For Excellence In Higher Education Inc is located in Princeton, NJ. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Excellence In Higher Education 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 12/2023, Foundation For Excellence In Higher Education Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $10.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foundation For Excellence In Higher Education Inc has awarded 96 individual grants totaling $34,854,465. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FEHE FUNDS AND ADVISES PROGRAMS AT ELITE UNIVERSITIES WHERE THE NEXT GENERATION OF CULTURAL LEADERS ARE FORMED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2022-23 ACADEMIC YEAR ALONE, OUR NETWORK SPONSORED 53 FOR CREDIT COURSES FOR OVER 1,500 STUDENTS, AND HOSTED OVER 1,000 SEMINARS, LECTURES, AND CONFERENCES WITH OVER 18,000 ATTENDEES. FEHE CURRENTLY SUPPORTS TWENTY-SEVEN INSTITUTES AND PROGRAMS AT FOURTEEN ELITE UNIVERSITIES. THESE PROGRAMS ARE FORMING EXCEPTIONAL STUDENTS THROUGH INTELLECTUAL FRIENDSHIP, CONNECTING THEM WITH EACH OTHER, AND POSITIONING THEM AT KEY POINTS OF CULTURAL INFLUENCE IN ACADEMIA, LAW, POLITICS, BUSINESS, MEDIA, FINANCE, AND MEDICINE. FEHE'S IMPACT ON ELITE UNIVERSITIES AND THE BROADER CULTURE IS SIGNIFICANT AND GROWING. IN THE PAST FIVE YEARS ALONE, OUR GRANTEES HAVE REACHED APPROXIMATELY 100,000 STUDENTS AND YOUNG SCHOLARS THROUGH 5,000 EVENTS AND 217 FOR-CREDIT COURSES. THE GROWTH OF EACH OF THESE METRICS (STUDENTS AND ATTENDEES UP 177 PERCENT; EVENTS UP 88 PERCENT; FOR-CREDIT COURSES UP 400 PERCENT) DEMONSTRATES FEHE'S SUCCESS IN ADVANCING ITS GOALS OF FORMING STUDENTS AND SUPPORTING THE NEXT GENERATION OF SCHOLARS AND LEADERS.
IN THE 2022-23 ACADEMIC YEAR ALONE, OUR NETWORK SPONSORED 53 FOR CREDIT COURSES FOR OVER 1,500 STUDENTS, AND HOSTED OVER 1,000 SEMINARS, LECTURES, AND CONFERENCES WITH OVER 18,000 ATTENDEES. FEHE CURRENTLY SUPPORTS TWENTY-SEVEN INSTITUTES AND PROGRAMS AT FOURTEEN ELITE UNIVERSITIES. THESE PROGRAMS ARE FORMING EXCEPTIONAL STUDENTS THROUGH INTELLECTUAL FRIENDSHIP, CONNECTING THEM WITH EACH OTHER, AND POSITIONING THEM AT KEY POINTS OF CULTURAL INFLUENCE IN ACADEMIA, LAW, POLITICS, BUSINESS, MEDIA, FINANCE, AND MEDICINE. FEHE'S IMPACT ON ELITE UNIVERSITIES AND THE BROADER CULTURE IS SIGNIFICANT AND GROWING. IN THE PAST FIVE YEARS ALONE, OUR GRANTEES HAVE REACHED APPROXIMATELY 100,000 STUDENTS AND YOUNG SCHOLARS THROUGH 5,000 EVENTS AND 217 FOR-CREDIT COURSES. THE GROWTH OF EACH OF THESE METRICS (STUDENTS AND ATTENDEES UP 177 PERCENT; EVENTS UP 88 PERCENT; FOR-CREDIT COURSES UP 400 PERCENT) DEMONSTRATES FEHE'S SUCCESS IN ADVANCING ITS GOALS OF FORMING STUDENTS AND SUPPORTING THE NEXT GENERATION OF SCHOLARS AND LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Hager Chairman - From 02/2023 | OfficerTrustee | 1 | $0 |
Luis Tellez President | OfficerTrustee | 30 | $0 |
Donald Readlinger Secretary | OfficerTrustee | 1 | $0 |
G David Bednar Trustee | Trustee | 1 | $0 |
Robert George Trustee | Trustee | 1 | $0 |
Steven Justice Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,790,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,790,410 |
| Total Program Service Revenue | $0 |
| Investment income | $108,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,899,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,018,495 |
| Grants and other assistance to domestic individuals. | $350,907 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,328,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $380,793 |
| Fees for services: Legal | $3,850 |
| Fees for services: Accounting | $31,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,377 |
| Fees for services: Other | $16,000 |
| Advertising and promotion | $3,456 |
| Office expenses | $24,409 |
| Information technology | $22,767 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $95,381 |
| 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 | $1,478 |
| All other expenses | $5,039 |
| Total functional expenses | $10,284,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,410 |
| Savings and temporary cash investments | $3,104,748 |
| Pledges and grants receivable | $10,102,372 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,285,530 |
| Accounts payable and accrued expenses | $1,972 |
| Grants payable | $6,617,267 |
| 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 | $6,619,239 |
| Net assets without donor restrictions | -$4,093,748 |
| Net assets with donor restrictions | $10,760,039 |
| 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 | $13,285,530 |
Grants Awarded
Over the last fiscal year, Foundation For Excellence In Higher Education Inc has awarded $11,787,804 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN INSTITUTE FSOFC PURPOSE: General operations | $495,000 |
COLLEGIUM INSTITUTE PURPOSE: General operations | $375,000 |
DUKE UNIVERSITY PURPOSE: General operations | $470,000 |
ELM INSTITUTE PURPOSE: General operations | $260,700 |
FORBES AVENUE FOUNDATION PURPOSE: General operations | $50,000 |
HARVARD UNIVERSITY PURPOSE: General operations | $300,000 |