Afcea Educational Foundation
- Assets
- $1.1m
- Revenue
- $210.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Savage, MD
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 52-1482756
Organization Overview
Afcea Educational Foundation is located in Savage, MD. The organization was established in 1984. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations 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 12/2022, Afcea Educational Foundation generated $210.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $210.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Afcea Educational Foundation has awarded 14 individual grants totaling $511,680. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFCEA CENTRAL MARYLAND CHAPTER IS A NON-PROFIT ORGANIZATION FOR INFORMATION TECHNOLOGY PROFESSIONALS. OUR CHAPTERS SERVE THE MILITARY, GOVERNMENT, INDUSTRY, AND ACADEMIA AS AN ETHICAL FORUM FOR ADVANCING PROFESSIONAL KNOWLEDGE AND RELATIONSHIPS. ALL FUNDS FROM THESE EVENTS SUPPORT OUR EDUCATION FOUNDATION BY PROVIDING SCHOLARSHIPS TO STUDENTS ENTERING THE ENGINEERING, COMPUTER SCIENCE, OR MATHEMATICAL FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS CHAPTER PROVIDES A FORUM FOR THE ENGINEERING, SCIENCE, AND INFORMATION TECHNOLOGY PROFESSIONALS TO COME TOGETHER TO EXCHANGE KNOWLEDGE, IDEAS, AND EDUCATIONAL ACTIVITIES. THE CENTRAL MARYLAND CHAPTER AWARDS SCHOLARSHIPS TO OUTSTANDING GRADUATING HIGH SCHOOL SENIORS AND COLLEGE STUDENTS WITH AN INTEREST IN A FIELD OF STUDY SUPPORTIVE OF NATIONAL DEFENSE. ALSO GRANTS ARE GIVEN TO SCHOOLS TO SUPPORT STEM ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Allen Board Member | Trustee | 1 | $0 |
Martin Barrett Board Member | Trustee | 1 | $0 |
Chris Berry Board Member | Trustee | 1 | $0 |
Gary Bonner Board Member | Trustee | 1 | $0 |
David Capen Board Member | Trustee | 1 | $0 |
Kathy Daumer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $179,018 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,373 |
| Total Program Service Revenue | $0 |
| Investment income | $31,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $171,589 |
| 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 | $1,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,184 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $209,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,583 |
| Savings and temporary cash investments | $164,689 |
| 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 | $750,214 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,062,486 |
| 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 | $953,486 |
| Net assets with donor restrictions | $109,000 |
| 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 | $1,062,486 |
Grants Awarded
Over the last fiscal year, Afcea Educational Foundation has awarded $135,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PC'S FOR PEOPLE PURPOSE: TECHNOLOGY | $55,000 |
CODE IN THE SCHOOLS PURPOSE: TECHNOLOGY | $80,000 |