The Shodor Education Foundation Inc
- Assets
- $250.1k
- Revenue
- $646.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Durham, NC
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 56-1877371
Organization Overview
The Shodor Education Foundation Inc is located in Durham, NC. The organization was established in 1995. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Shodor Education Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shodor Education Foundation 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 12/2022, Shodor Education Foundation Inc generated $646.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $628.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVEMENT OF MATH AND SCIENCE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGN AND DELIVERY OF WORKSHOPS FOR TEACHERS AND BUSINESS EXECUTIVES ABOUT INTERNET TECHNOLOGIES, COMPUTATIONAL AND COMMUNICATIONS TECHNOLOGIES IN THE CLASSROOM
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Panoff Pres/executive Dir | OfficerTrustee | 40 | $49,427 |
Holly Hirst Secretary/treasurer | OfficerTrustee | $0 | |
Dennis Stevenson Director | Trustee | $0 | |
Daniel Warner Vice President | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alan B Craig Consulting | 12/30/21 | $122,000 |
Scott A Lathrop Consulting | 12/30/21 | $116,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $597,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,930 |
| Total Program Service Revenue | $10,350 |
| Investment income | $234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $646,208 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,156 |
| Payroll taxes | $12,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,345 |
| Advertising and promotion | $0 |
| Office expenses | $2,029 |
| Information technology | $8,814 |
| Royalties | $0 |
| Occupancy | $63,778 |
| Travel | $23,788 |
| 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 | $278 |
| Insurance | $3,693 |
| All other expenses | $0 |
| Total functional expenses | $628,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,219 |
| 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 | $7,639 |
| Net Land, buildings, and equipment | $650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,141 |
| Accounts payable and accrued expenses | $49,976 |
| 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 | $2,464 |
| Total liabilities | $52,440 |
| Net assets without donor restrictions | $197,700 |
| Net assets with donor restrictions | $1 |
| 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 | $250,141 |