1 For 2 Education Foundation
- Assets
- $365.2k
- Revenue
- $271.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Howell, MI
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 47-0993488
Organization Overview
1 For 2 Education Foundation is located in Howell, MI. The organization was established in 2014. 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. 1 For 2 Education 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 12/2021, 1 For 2 Education Foundation generated $271.8k in total revenue. All expenses for the organization totaled $364.5k during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 5 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.
Since 2018, 1 For 2 Education Foundation has awarded 54 individual grants totaling $777,394. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
1 FOR 2 EDUCATION SCHOLARSHIP PROGRAM - SCHOLARSHIPS WERE AWARDED TO TWENTY FIVE RECIPIENTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hashem Akhavan-Tafti President, Director | 0 | $0 | |
Paul Glyer Treasurer, Director | 0 | $0 | |
Suzanne Akhavan-Tafti Secretary, Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $268,485 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,292 |
| Capital Gain Net Income | $212,034 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $271,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,212 |
| Printing and publications | $0 |
| Other expenses | $6,505 |
| Total operating and administrative expenses | $31,960 |
| Contributions, gifts, grants paid | $332,545 |
| Total expenses and disbursements | $364,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,181 |
| Savings and temporary cash investments | $27 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $365,208 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, 1 For 2 Education Foundation has awarded $332,545 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
LORETTA KARPINSKI PURPOSE: SCHOLARSHIP | $37,500 |
CHARUMATHI BADRINATH PURPOSE: SCHOLARSHIP | $25,000 |
AKASH RATHOD PURPOSE: SCHOLARSHIP | $25,000 |
KAITLYNN SOO PURPOSE: SCHOLARSHIP | $25,000 |
ERIN COYKENDALL PURPOSE: SCHOLARSHIP | $23,699 |
ISAAC BURDEN PURPOSE: SCHOLARSHIP | $20,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |