The Fadel Educational Foundation Inc
- Assets
- $1.8m
- Revenue
- $87.4k
- Investments
- $685.3k
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 01/1994
- Data as of
- 06/2022
- EIN
- 58-2330050
Organization Overview
The Fadel Educational Foundation Inc is located in Augusta, GA. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Fadel Educational 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, Fadel Educational Foundation Inc generated $87.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $115.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fadel Educational Foundation Inc has awarded 376 individual grants totaling $720,072. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS OF TUITION AND BOOKS TO QUALIFIED STUDENTS. SEE ITEMIZED LIST ATTACHED FOR PART I, LINE 25.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Skina H Fadel MD Vice President | 1 | $0 | |
Hossam E Fadel MD President | 1 | $0 | |
Ayman H Fadel Secretary | 3 | $0 | |
Mohammad Fadel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,106 |
| Capital Gain Net Income | $10,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $135 |
| Total operating and administrative expenses | $15,605 |
| Contributions, gifts, grants paid | $100,068 |
| Total expenses and disbursements | $115,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,136 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $685,283 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,064,779 |
| Total assets | $1,808,198 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Fadel Educational Foundation Inc has awarded $100,068 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
JENNA NIMERU OF CHICAGO PURPOSE: TUITION | $3,750 |
RAIMI NAWAL IFTEKHARU OF SOUTH FLOR PURPOSE: TUITION | $3,000 |
MARAM SAFIU OF ILLINOIS-URBANA CHAM PURPOSE: TUITION | $3,000 |
NAVILA F SHARIFU OF TN-HEALTH SCIEN PURPOSE: TUITION | $3,000 |
REWAN ABDELWAHABMAYO CLINIC COLLEGE PURPOSE: TUITION | $2,500 |
NORAN METAWEARUTGERS UNIVERSITY PURPOSE: TUITION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |