Atlantis Educational Foundation Inc
- Assets
- $1.7m
- Revenue
- $253.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fall River, MA
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 47-1751988
Organization Overview
Atlantis Educational Foundation Inc is located in Fall River, MA. The organization was established in 2015. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Atlantis 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, Atlantis Educational Foundation Inc generated $253.8k 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 (24.6%) each year. All expenses for the organization totaled $258.2k 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
THE PURPOSE OF THE ATLANTIS EDUCATIONAL FOUNDATION, INC. IS TO SUPPORT THE ATLANTIS CHARTER SCHOOL, INCLUSIVE OF RAISING MONEY FOR THE PURPOSES OF FUNDING EDUCATION FOR CHILDREN AND PREPARING THEM FOR LIFE AND WORK IN THE 21ST CENTURY AND BEYOND, AS WELL AS BUYING, SELLING, LEASING AND/OR MORTGAGING OF REAL PROPERTY FOR THE BENEFIT OF THE ATLANTIS CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ATLANTIS EDUCATIONAL FOUNDATION, INC. IS TO SUPPORT THE ATLANTIS CHARTER SCHOOL, INCLUSIVE OF RAISING MONEY FOR THE PURPOSES OF FUNDING EDUCATION FOR CHILDREN AND PREPARING THEM FOR LIFE AND WORK IN THE 21ST CENTURY AND BEYOND, AS WELL AS BUYING, SELLING, LEASING AND/OR MORTGAGING OF REAL PROPERTY FOR THE BENEFIT OF THE ATLANTIS CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger H Saint Pierre President | OfficerTrustee | 1 | $0 |
Paul S Medeiros Treasurer | OfficerTrustee | 1 | $0 |
Peter A Saulino Clerk | OfficerTrustee | 1 | $0 |
Laurenio Couto Director | Trustee | 1 | $0 |
Robert F Collins Director | Trustee | 1 | $0 |
Robert L Beatty Director | 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 | $179,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,130 |
| Total Program Service Revenue | $60,000 |
| Investment income | $393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,264 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,000 |
| Grants and other assistance to domestic individuals. | $3,190 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,602 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $37,231 |
| Insurance | $2,057 |
| All other expenses | $2,167 |
| Total functional expenses | $258,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,057,452 |
| Pledges and grants receivable | $8,150 |
| 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 | $635,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,700,926 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,655,410 |
| Net assets with donor restrictions | $45,516 |
| 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 | $1,700,926 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Atlantis Educational Foundation Inc has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unicef Usa Impact Fund For Children Inc New York, NY | $79,143,389 | $84,968,409 |
Dimock Community Foundation Inc Roxbury, MA | $0 | $29,896,865 |
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
Dentaquest Care Group Inc Boston, MA | $2,518,678 | $0 |
American Friends Of Sfath Emeth Yeshiva Brooklyn, NY | $187,158 | $4,689,874 |
Knights Of Columbus Charities Usa Inc New Haven, CT | $92,663,013 | $7,484,954 |
Cfleads Accord, MA | $11,022,103 | $9,422,261 |
The American University Of Greece Foundation Boston, MA | $302,640,728 | $21,990,512 |
Endeavor Catalyst Inc New York, NY | $43,515,212 | $32,419,265 |
Kipp Lynn Fund Inc Lynn, MA | $79,635,466 | $3,076,776 |
Mghpcc Holyoke Inc Holyoke, MA | $56,507,335 | $145,504 |
Mussafer Fam Foundation Boston, MA | $59,912,129 | $40,514,877 |