Foundations Inc is located in Mount Laurel, NJ. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2023, Foundations Inc employed 485 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundations 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 08/2023, Foundations Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $10.4m during the year ending 08/2023. While expenses have increased by 10.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATIONS IS DEDICATED TO IMPROVING THE QUALITY OF EDUCATION FOR OUR NATION'S MOST VULNERABLE CHILDREN BY STRENGTHENING THE SKILLS OF EDUCATORS THROUGH PROFESSIONAL LEARNING. FOUNDATIONS, INC. IS A NOT-FOR-PROFIT EDUCATIONAL SERVICE ORGANIZATION COMMITTED TO BUILDING THE QUALITY OF EDUCATIONAL OPPORTUNITIES FOR CHILDREN, YOUTH, AND FAMILIES IN UNDERSERVED COMMUNITIES THROUGH WORK WITH PUBLIC CHARTER SCHOOLS, SCHOOL DISTRICTS, EDUCATION AND COMMUNITY-BASED ORGANIZATIONS, AND AFTERSCHOOL PROGRAM PROVIDERS. THE ORGANIZATION FOCUSES ON CAPACITY-BUILDING THROUGH PROFESSIONAL LEARNING, TECHNICAL ASSISTANCE, PROGRAM DEVELOPMENT, SUPPORTING TOOLS, AND SERVICES. THE ORGANIZATION RECEIVES ITS SUPPORT FROM VARIOUS SOURCES INCLUDING FOUNDATION GRANT PROGRAMS, GOVERNMENT GRANTS, PERFORMANCE CONTRACTS, PRODUCT SALES, CONTRIBUTIONS FROM FOUNDATIONS, AND CONFERENCE FEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATIONS IS THE FISCAL SPONSOR TO THE CAMPAIGN FOR GRADE LEVEL READING (CGLR). THE MISSION OF CGLR IS TO DISRUPT THE GENERATIONAL CYCLE OF POVERTY BY IMPROVING THE PROSPECTS FOR EARLY SCHOOL SUCCESS FOR CHILDREN GROWING UP IN ECONOMICALLY CHALLENGED, FRAGILE AND OTHERWISE MARGINALIZED FAMILIES.CGLR ADVANCES THIS MISSION BY FOCUSING ON TWO CRITICAL INFLECTION POINTS: GRADE-LEVEL READING BY THE END OF THIRD GRADE AND, MORE RECENTLY, ON-TRACK DEVELOPMENT BY THE END OF KINDERGARTEN. RESEARCH, PRACTICE AND COMMON SENSE CONFIRM BOTH AS CRITICAL TO THE EARLY SCHOOL SUCCESS THAT PREDICTS LATER SCHOOL ACHIEVEMENT AND HIGH SCHOOL GRADUATION, THE FIRST RUNG OF THE "SUCCESS SEQUENCE" LEADING TO EMPLOYMENT AND EARNINGS.
CONFERENCES, COMPENSATORY EDUCATION & INNOVATION AND DEVELOPMENT.
THE OFFICE OF PROGRAM AND INNOVATION PROVIDED PROFESSIONAL LEARNING, LEADERSHIP AND INSTRUCTIONAL COACHING, CURRICULUM REVIEW AND REDESIGN, INTERIM LEADERSHIP SUPPORT AND SPECIAL EDUCATION SUPPORT TO 29 CHARTER AND DISTRICT SCHOOLS SERVING OVER 21,000 STUDENTS. IN 2023, WE PROVIDED VIRTUAL AS WELL AS IN-PERSON PROFESSIONAL LEARNING SESSIONS TO EDUCATORS ACROSS THE NATION, SERVING THOUSANDS OF TEACHERS, SCHOOL LEADERS, AND AFTERSCHOOL EDUCATORS. IN 2023, WE ALSO DEVELOPED AND IMPLEMENTED HIGHLY EFFECTIVE PROFESSIONAL LEARNING SERIES TO ADDRESS THE NEEDS OF PARAEDUCATORS AND EXPANDED THE RANGE OF SPECIAL EDUCATION AND CHARTER RENEWAL SUPPORT SERVICES. OUR TEAM DESIGNED AND IMPLEMENTED HIGHLY SUCCESSFUL, EVIDENCE-BASED LEARNING RECOVERY PROGRAMS THAT SERVED HUNDREDS OF STUDENTS IN CHARTER AND DISTRICT SCHOOLS IN THE GREATER PHILADELPHIA AREA. AS A RESULT OF OUR HIGH DOSAGE TUTORING PROGRAMS, HUNDREDS OF STUDENTS IN SCHOOLS THAT WE SERVED DEMONSTRATED NOTABLE GAINS IN MATH AND READING SKILLS. OUR OFFICE SUPPORTED THE DESIGN AND DEVELOPMENT OF INSTRUCTIONAL PROGRAMS FOR NUMEROUS GRANT PROPOSALS.
THE CENTER FOR AFTERSCHOOL AND EXPANDED LEARNING PROVIDED ONLINE WEBINAR TRAININGS TO AN ESTIMATED 1,800 PARTICIPANTS FROM ALL 50 STATES ACROSS THE NATION, THE DISTRICT OF COLUMBIA, PUERTO RICO, AND PARTS OF THE WORLD. THIS YEAR, THE CENTER HAS DISTRIBUTED 190 RESOURCES TO AFTERSCHOOL PRACTITIONERS NATIONWIDE. ADDITIONALLY, THE CENTER OPERATED 10 AFTERSCHOOL PROGRAMS INVOLVING 1,700 ELEMENTARY THROUGH 12TH GRADE STUDENTS IN PHILADELPHIA SCHOOLS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert S Schwartz Chair Emeritus | Trustee | 1 | $0 |
Kc Burton Secretary/treasurer | Trustee | 1 | $0 |
Charles English Director | Trustee | 1 | $0 |
David Fleisher Director | Trustee | 1 | $0 |
Michael Gadsby Director | Trustee | 1 | $0 |
Janet Samuels Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ralph Smith Project Specialist | 8/30/23 | $251,238 |
Sarah Torian Education Consulting Services | 8/30/23 | $207,046 |
Quantyfy Llc Technology Services | 8/30/23 | $148,252 |
Smarter Learning Group Education Consulting Services | 8/30/23 | $131,757 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $200,000 |
Government grants | $1,912,735 |
All other contributions, gifts, grants, and similar amounts not included above | $2,502,622 |
Noncash contributions included in lines 1a–1f | $41,893 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,615,357 |
Total Program Service Revenue | $5,744,750 |
Investment income | $3,258 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $12,114 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,390,477 |
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. | $794,171 |
Compensation of current officers, directors, key employees. | $195,408 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,182,146 |
Pension plan accruals and contributions | $32,243 |
Other employee benefits | $208,454 |
Payroll taxes | $493,374 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,342 |
Fees for services: Accounting | $52,120 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,044,022 |
Advertising and promotion | $0 |
Office expenses | $300,078 |
Information technology | $339,713 |
Royalties | $0 |
Occupancy | $187,895 |
Travel | $256,072 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $202,440 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $181,580 |
All other expenses | $121,770 |
Total functional expenses | $10,401,420 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,871,631 |
Savings and temporary cash investments | $520,265 |
Pledges and grants receivable | $507,476 |
Accounts receivable, net | $1,586,864 |
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 | $51,417 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $109,479 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $487,652 |
Total assets | $6,134,784 |
Accounts payable and accrued expenses | $907,200 |
Grants payable | $0 |
Deferred revenue | $158,604 |
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 | $515,487 |
Total liabilities | $1,581,291 |
Net assets without donor restrictions | $4,440,585 |
Net assets with donor restrictions | $112,908 |
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 | $6,134,784 |