Federal Employee Education And Assistance Fund
- Assets
- $6.0m
- Revenue
- $1.0m
- Investments
- $2.1m
- Employees
- 4
- Location
- Alexandria, VA
- Founding
- 07/1986
- Data as of
- 04/2024
- EIN
- 52-1465583
Organization Overview
Federal Employee Education And Assistance Fund is located in Alexandria, VA. The organization was established in 1986. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 04/2024, Federal Employee Education And Assistance Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federal Employee Education And Assistance Fund 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 04/2024, Federal Employee Education And Assistance Fund generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $889.6k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND EMERGENCY FINANCIAL ASSISTANCE TO FEDERAL EMPLOYEES AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND EDUCATIONAL LOANS - FEEA PROVIDES MERIT-BASED SCHOLARSHIPS EMPHASIZING COMMUNITY INVOLVEMENT TO CIVILIAN FEDERAL AND POSTAL EMPLOYEES AND THEIR FAMILIES. COLLEGE SCHOLARSHIPS HAVE BEEN PROVIDED TO CHILDREN WHO LOST A FEDERAL EMPLOYEE PARENT IN TERRORIST ATTACK ON 9-11 AND TO CHILDREN WHO LOST A FEDERAL EMPLOYEE PARENT IN TERRORIST ATTACKS OVERSEAS.
CHILDCARE ADMINISTRATION - FEEA EARNS INCOME FEEA CHILDCARE SERVICES, INC., A RELATED FOR-PROFIT SUBSIDIARY, THAT PARTNERS WITH FEDERAL AGENCIES TO PROVIDE CHILDCARE SUBSIDIES FOR LOWER INCOME FEDERAL EMPLOYEES.
EMERGENCY FINANCIAL ASSISTANCE - FEEA PROVIDES REFERRAL SERVICES AND NO-INTEREST LOANS TO FEDERAL AND POSTAL EMPLOYEES UNABLE TO MEET THE BASIC NEEDS OF THEIR FAMILIES IN CATASTROPHIC SITUATIONS AND PERSONAL EMERGENCIES. FEEA ALSO PROVIDES DISASTER RELIEF GRANTS TO AID FAMILIES IN RECOVERY AFTER A FEDERALLY DECLARED NATURAL DISASTER AND GLOBAL PANDEMICS. FEEA ALSO PROVIDES FREE TUTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Wells President | OfficerTrustee | 2 | $0 |
Cory Bythrow Vice President | OfficerTrustee | 2 | $0 |
Dave Stamey Treasurer | OfficerTrustee | 2 | $0 |
Jerry Nelson Secretary | OfficerTrustee | 2 | $0 |
Chad Hooper Treasurer (thru May 2023) | OfficerTrustee | 1 | $0 |
Jason Briefel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $102,076 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $577,724 |
| Total Program Service Revenue | $299,108 |
| Investment income | $134,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,039,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,378 |
| Grants and other assistance to domestic individuals. | $238,949 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,198 |
| Compensation of current officers, directors, key employees. | $6,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,309 |
| Pension plan accruals and contributions | $6,587 |
| Other employee benefits | $40,682 |
| Payroll taxes | $25,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $307 |
| Fees for services: Accounting | $28,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,069 |
| Fees for services: Other | $30,972 |
| Advertising and promotion | $200 |
| Office expenses | $50,494 |
| Information technology | $26,601 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $2,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,523 |
| All other expenses | $0 |
| Total functional expenses | $889,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $908,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $34,106 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,888 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,571,366 |
| Investments—other securities | $2,119,590 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,688 |
| Total assets | $5,969,779 |
| Accounts payable and accrued expenses | $53,594 |
| 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 | $53,594 |
| Net assets without donor restrictions | $3,154,966 |
| Net assets with donor restrictions | $2,761,219 |
| 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 | $5,969,779 |
Grants Awarded
Over the last fiscal year, Federal Employee Education And Assistance Fund has awarded $15,378 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF PATIENTS AT THE NIH INC PURPOSE: TO ASSIST FAMILIES VISITING NIH FOR MEDICAL TREATMENT | $7,689 |
US WAR DOGS ASSOCIATION INC PURPOSE: TO ASSIST MILITARY VETERANS IN CARING FOR RETIRED WAR DOGS | $7,689 |