1 For 2 Education Foundation
- Assets
- $201.1k
- Revenue
- $269.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Howell, MI
- Founding
- 08/2014
- Data as of
- 12/2022
- 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 12/2022, 1 For 2 Education Foundation generated $269.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $433.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, 1 For 2 Education Foundation has awarded 77 individual grants totaling $1,143,847. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
1 FOR 2 EDUCATION SCHOLARSHIP PROGRAM - SCHOLARSHIPS WERE AWARDED TO TWENTY THREE RECIPIENTS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Akhavan-Tafti Secretary, Director | 0 | $0 | |
Hashem Akhavan-Tafti President, Director | 0 | $0 | |
Paul Glyer Treasurer, Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $265,315 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,777 |
| Capital Gain Net Income | $126,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $269,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,063 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $45,828 |
| Printing and publications | $0 |
| Other expenses | $3,975 |
| Total operating and administrative expenses | $66,743 |
| Contributions, gifts, grants paid | $366,453 |
| Total expenses and disbursements | $433,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,783 |
| Savings and temporary cash investments | $5 |
| 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 | $1,316 |
| Total assets | $201,104 |
| 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 $366,453 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ANA JARAMILLO PURPOSE: SCHOLARSHIP | $7,350 |
AVA TSAPATSARIS PURPOSE: SCHOLARSHIP | $20,000 |
BRANDON CHENG PURPOSE: SCHOLARSHIP | $10,000 |
CAMERON KALANTAR PURPOSE: SCHOLARSHIP | $17,163 |
CHARUMATHI BADRINATH PURPOSE: SCHOLARSHIP | $25,000 |
CLAIRE COSTA PURPOSE: SCHOLARSHIP | $25,000 |