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 08/2021, Foundations Inc employed 342 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 08/2021, Foundations Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $7.0m during the year ending 08/2021. While expenses have increased by 6.9% per year over the past 6 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
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). CGLR CONDUCTS ACTIVITIES THAT ALIGN WITH THE MISSION AND PURPOSE OF THE ORGANIZATION. CGLR SEEKS TO DISRUPT GENERATIONAL POVERTY BY MOBILIZING COMMUNITIES TO FIND SOLUTIONS FOR ONE OF THE MAJOR OBSTACLES IN THE PATHWAY OUT OF POVERTY FAILURE TO READ PROFICIENTLY BY THE END OF THIRD GRADE. SINCE ITS LAUNCH IN 2012, THE GLR COMMUNITIES NETWORK HAS GROWN TO INCLUDE MORE THAN 350 COMMUNITIES, REPRESENTING 45 STATES, THE DISTRICT OF COLUMBIA, PUERTO RICO, THE U.S. VIRGIN ISLANDS AND TWO CANADIAN PROVINCES SPONSORED BY 5,200+ LOCAL ORGANIZATIONS, INSTITUTIONS AND AGENCIES AND SUPPORTED BY 500+ STATE AND LOCAL FUNDERS, INCLUDING 200+ UNITED WAYS. THE COUNTIES SERVED BY GLR COALITIONS ARE HOME TO 28.6 MILLION CHILDREN AGES 09 YEARS OLD, 63.7% OF THE TOTAL U.S. POPULATION IN THIS AGE RANGE. WITHIN THIS GROUP, THE COUNTIES SERVED BY CGLR COMMUNITIES HOUSE 10.4 MILLION CHILDREN IN GRADES K3, OR 70% OF THE U.S. TOTAL, INCLUDING MILLIONS WHO ARE AT RISK OF EXPERIENCING SIGNIFICANT LEARNING LOSS GIVEN THE CURRENT REALITY OF CLOSURES AND CRISIS SCHOOLING.
THE CENTER FOR AFTERSCHOOL AND EXPANDED LEARNING PROVIDED ONLINE WEBINAR TRAININGS TO AN ESTIMATED 1,600 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 180 RESOURCES TO AFTERSCHOOL PRACTITIONERS NATIONWIDE. ADDITIONALLY, THE CENTER OPERATED 12 AFTERSCHOOL PROGRAMS INVOLVING 2,500 ELEMENTARY THROUGH 12TH GRADE STUDENTS IN PHILADELPHIA SCHOOLS.
OUR OFFICE OF SCHOOL SERVICES PROVIDED PROFESSIONAL LEARNING, LEADERSHIP AND INSTRUCTIONAL COACHING, CURRICULUM REVIEW AND REDESIGN, INTERIM LEADERSHIP SUPPORT AND SPECIAL EDUCATION SUPPORT TO 27 CHARTER AND DISTRICT SCHOOLS SERVING OVER 20,000 STUDENTS. IN 2021, 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 RESPONSE TO THE PERVASIVE LEARNING LOSS THAT OCCURRED DUE TO COVID 19, OUR TEAM DESIGNED AND IMPLEMENTED A HIGHLY SUCCESSFUL LEARNING RECOVERY PROGRAM THAT SERVED HUNDREDS OF STUDENTS IN CHARTER AND DISTRICT SCHOOLS IN THE GREATER PHILADELPHIA AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rhonda H Lauer President And CEO | Officer | 40 | $250,311 |
Yolie Flores Project Specialist | 40 | $166,536 | |
Michael Piazza-Sugarman Chief Financial Officer | Officer | 40 | $124,552 |
Linda Romano Board Chair | Officer | 1 | $0 |
Robert S Schwartz Chair Emeritus | Trustee | 1 | $0 |
Kc Burton Secretary/treasurer | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ralph Smith Project Specialist | 8/30/20 | $193,685 |
Becky Miles-polka Project Specialist | 8/30/20 | $109,846 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,113,222 |
All other contributions, gifts, grants, and similar amounts not included above | $3,355,405 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,468,627 |
Total Program Service Revenue | $2,859,824 |
Investment income | $1,264 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$272 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,202,165 |
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. | $383,753 |
Compensation of current officers, directors, key employees. | $118,156 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,046,009 |
Pension plan accruals and contributions | $24,344 |
Other employee benefits | $206,873 |
Payroll taxes | $283,477 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,492 |
Fees for services: Accounting | $38,875 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,820,415 |
Advertising and promotion | $0 |
Office expenses | $228,663 |
Information technology | $457,391 |
Royalties | $0 |
Occupancy | $203,086 |
Travel | $45,104 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $24,204 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $157,987 |
All other expenses | $70,758 |
Total functional expenses | $6,995,431 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,830,484 |
Savings and temporary cash investments | $520,475 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,161,552 |
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 | $62,283 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,500 |
Total assets | $5,587,294 |
Accounts payable and accrued expenses | $627,424 |
Grants payable | $0 |
Deferred revenue | $293,255 |
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 | $920,679 |
Net assets without donor restrictions | $3,916,865 |
Net assets with donor restrictions | $749,750 |
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 | $5,587,294 |
Over the last fiscal year, we have identified 12 grants that Foundations Inc has recieved totaling $443,375.
Awarding Organization | Amount |
---|---|
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE CAMPAIGN FOR GRADE-LEVEL READING TO CONDUCT ACTIVITIES THAT WILL HELP STOP LEARNING LOSS DUE TO THE COVID-19 PANDEMIC | $150,000 |
J F Maddox Foundation Hobbs, NM PURPOSE: CAMPAIGN FOR GRADE LEVEL READING | $75,000 |
J F Maddox Foundation Hobbs, NM PURPOSE: CAMPAIGN FOR GRADE LEVEL READING 2021 & 2022 | $75,000 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: PROGRAM SUPPORT | $44,875 |
The Tina And Calvin Tyler Family Foundation Inc Henderson, NV PURPOSE: GENERAL | $25,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |