Falmouth Education Foundation Inc
- Assets
- $726.6k
- Revenue
- $296.5k
- Investments
- $155.2k
- Employees
- 1
- Location
- Falmouth, MA
- Founding
- 02/2007
- Data as of
- 06/2022
- EIN
- 56-2528431
Organization Overview
Falmouth Education Foundation Inc is located in Falmouth, MA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falmouth 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 06/2022, Falmouth Education Foundation Inc generated $296.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $148.1k during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FALMOUTH EDUCATION FOUNDATION IS TO ENHANCE EDUCATIONAL EXCELLENCE IN THE FALMOUTH PUBLIC SCHOOLS. BELIEVING THAT QUALITY PUBLIC SCHOOLS ARE ESSENTIAL TO A THRIVING COMMUNITY, THE FOUNDATION SEEKS TO DEVELOP THE CHARITABLE SUPPORT NEEDED TO SUPPLEMENT THE PUBLICLY FUNDED SCHOOL BUDGET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ACCOMPLISH OUR MISSION THROUGH OUR GRANTS PROGRAM THAT PROVIDES SCHOOL STAFF WITH THE KNOWLEDGE, EXPERIENCE, AND MATERIALS THEY NEED TO REMAIN AT THE FRONTIERS OF EDUCATIONAL EXCELLENCE. A TOTAL OF 90 GRANTS (PARTNERSHIP 2, PROJECT 23, TOF MINI 65) WERE AWARD FOR 2021-2022 IN THE FALMOUTH PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Jacobs President | Officer | 20 | $0 |
Carole Dembkowski Treasurer | Officer | 16 | $0 |
Lynette Robinson Secretary | Officer | 12 | $0 |
Ellen Barol Director | Trustee | 8 | $0 |
John Collins Director | Trustee | 6 | $0 |
Ellen Hewett Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,605 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,979 |
| Total Program Service Revenue | $0 |
| Investment income | $12,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,398 |
| Net Income from Fundraising Events | $27,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,712 |
| 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 | $47,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,295 |
| Fees for services: Other | $1,719 |
| Advertising and promotion | $3,027 |
| Office expenses | $1,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,800 |
| 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 | $407 |
| All other expenses | $1,905 |
| Total functional expenses | $148,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $296,865 |
| 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 | $1,624 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $272,875 |
| Investments—other securities | $155,234 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $726,598 |
| 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 | $726,598 |
| Net assets with donor restrictions | $0 |
| 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 | $726,598 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Falmouth Education Foundation Inc has recieved totaling $54,500.
| Awarding Organization | Amount |
|---|---|
Josephine And Louise Cranefoundation Falmouth, MA PURPOSE: UNRESTRICTED | $25,000 |
Stanley W Watson Foundation Falmouth, MA PURPOSE: UNRESTRICTED | $20,000 |
Cape Cod Foundation Inc South Yarmouth, MA PURPOSE: GENERAL SUPPORT | $6,000 |
George H Lusk Trust Falmouth, MA PURPOSE: GENERAL PURPOSES | $2,500 |
Ajana Foundation Tr Boston, MA PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |