Afcea Educational Foundation is located in Hudson, NH. The organization was established in 1984. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Afcea Educational 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 08/2022, Afcea Educational Foundation generated $88.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $129.5k during the year ending 08/2022. While expenses have increased by 7.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO RAISING FUNDS IN ORDER TO PROVIDE EDUCATIONAL GRANTS AND SCHOLARSHIPS TO INDIVIDUALS WISHING TO PURSUE DISCIPLINES IN THE TECHNOLOGICAL OR SCIENTIFIC FIELDS OF STUDY.
Describe the Organization's Program Activity:
Part 3
ISSUED FELLOWSHIP AWARDS TO 27 HIGH SCHOOL STUDENTS PURSUING SCIENTIFIC STUDIES (1,000 PER STUDENT). ISSUED SCHOLARSHIP AWARDS TO 22 ROTC CADETS (1,000 PER CADET) - LUNCHEON AND AWARD PLAQUES. ISSUED 2 GIL BARRETT AWARD SCHOLARSHIPS.
CONTRIBUTED TO ELECTRONIC SYSTEMS CENTER FUND TO SUPPORT EDUCATION FOR ENLISTED PERSONNEL. ISSUED ONE EDUCATIONAL SCHOLARSHIPS TO MIDDLESEX COMMUNITY COLLEGE, ONE EDUCATIONAL SCHOLARSHIP TO ALBERT PARLIN SCHOOL, AND ONE EDUCATIONAL SCHOLARSHIP TO THE RFK LANCASTER SCHOOL.
CONTRIBUTED TO DISCOVERY MUSEUM WORKSHOP, MATHCOUNTS, ROCKETBOX, AND SCIENCE FAIRS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jay Kanavos Board Member | 0.5 | $0 | |
Col Riley Pyles Board Member | 0.5 | $0 | |
Steve Falcone Board Member | 0.5 | $0 | |
Scott Hardiman Board Member | 0.5 | $0 | |
Randy Robertson Board Member | 0.5 | $0 | |
Kristen Vilcans Board Member | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $74,730 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $13,720 |
Other Revenue | $0 |
Total Revenue | $88,450 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $5,900 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $3,568 |
Total expenses | $129,483 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $34,576 |
Other assets | $0 |
Total assets | $34,576 |
Total liabilities | $62,499 |
Net assets or fund balances | -$27,923 |
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