Foundation For Academic Endeavors
- Assets
- $145.2k
- Revenue
- $530.6k
- Investments
- $0.0
- Employees
- 56
- Location
- Mt Vernon, WA
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-4347441
Organization Overview
Foundation For Academic Endeavors is located in Mt Vernon, WA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Foundation For Academic Endeavors employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Academic Endeavors 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, Foundation For Academic Endeavors generated $530.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $610.0k during the year ending 12/2021. While expenses have increased by 15.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR ACADEMIC ENDEAVORS PROVIDES BROAD COMMUNITY SUPPORT FOR EMPOWERING ACADEMIC EXPERIENCES FOR LOW INCOME CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES A FIVE-WEEK SUMMER LEARNING EXPERIENCE FOR AT-RISK LOW-INCOME STUDENTS FOCUSING ON LITERACY, SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH FOR STUDENTS, AGES 3-16.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Flor Zamorano Beltran Vice Preside | Officer | 1 | $0 |
Marco Martinez Co-Teasurer | Officer | 1 | $0 |
Noemi Rodriguez President | Officer | 1 | $0 |
Ranulfo Molina Co-Treasurer | Officer | 1 | $0 |
Carlos Rodriguez Director | Trustee | 1 | $0 |
Karina Borja-Hurtado Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,936 |
| Noncash contributions included in lines 1a–1f | $222,932 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,392 |
| Total Program Service Revenue | $17,160 |
| Investment income | $2 |
| 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 | $530,554 |
| 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 | $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 | $306,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $7,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,385 |
| Advertising and promotion | $280 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| 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 | $0 |
| Insurance | $1,858 |
| All other expenses | $0 |
| Total functional expenses | $610,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,167 |
| Savings and temporary cash investments | $17,002 |
| Pledges and grants receivable | $0 |
| 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 | $145,169 |
| 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 | $167 |
| Total liabilities | $167 |
| Net assets without donor restrictions | $145,002 |
| Net assets with donor restrictions | $0 |
| 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 | $145,169 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Foundation For Academic Endeavors has recieved totaling $81,213.
| Awarding Organization | Amount |
|---|---|
Skagit Community Foundation Mount Vernon, WA PURPOSE: SUMMER ACADEMY SUPPORT & COVID-19 ACCOMODATION COSTS | $35,000 |
Schools Out Washington Seattle, WA PURPOSE: OSPI Summer Funding, Washington Youth Development | $31,000 |
United Way Of Skagit County Burlington, WA PURPOSE: Summer Academy Early Childhood | $15,102 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Code Org Seattle, WA | $56,417,809 | $32,287,151 |
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Club For The Future Kent, WA | $9,001,115 | $28,277,868 |
Oregon State University Bookstore Inc Corvallis, OR | $21,771,941 | $7,845,956 |
Cook Inlet Native Head Start Anchorage, AK | $12,985,374 | $6,716,000 |
Medina Foundation Seattle, WA | $101,561,812 | $2,836,899 |
Rainier Scholars Seattle, WA | $11,460,541 | $8,396,083 |
Salmon Public School Foundation Inc Salmon, ID | $1,849,221 | $774,057 |
People Sustaining Kings Valley Philomath, OR | $523,239 | $3,683,416 |
Idaho Virtual Education Partners Incorporated Star, ID | $2,036,199 | $3,090,250 |
Abiqua School Foundation Salem, OR | $1,742,920 | $3,255,719 |
Degrees Of Change Tacoma, WA | $2,092,589 | $1,696,414 |