Fairhope Educational Enrichment Foundation Inc
- Assets
- $3.1m
- Revenue
- $560.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Fairhope, AL
- Founding
- 03/1996
- Data as of
- 07/2022
- EIN
- 63-1159813
Organization Overview
Fairhope Educational Enrichment Foundation Inc is located in Fairhope, AL. The organization was established in 1996. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Fairhope Educational Enrichment Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairhope Educational Enrichment 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 07/2022, Fairhope Educational Enrichment Foundation Inc generated $560.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $293.3k during the year ending 07/2022. While expenses have increased by 0.5% 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.
Since 2015, Fairhope Educational Enrichment Foundation Inc has awarded 67 individual grants totaling $1,732,653. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES GRANTS AND SUPPORT TO PUBLIC SCHOOLS IN THE FAIRHOPE COMMUNITY. THE PURPOSE IS TO AID EDUCATIONAL PROGRAMS AND FACILITIES AND PROVIDE FUNDING FOR THE BETTERMENT OF EDUCATION IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT APPLICATIONS ARE ACCEPTED FROM LOCAL PUBLIC SCHOOLS AND BASED ON THE AVAILABILITY OF FUNDS AND THE NATURE OF THE REQUEST, FUNDS ARE DISBURSED FOR GRANTS ACCEPTED. THE GRANTS ARE USED TO SUPPLEMENT THE SCHOOLS BY PROVIDING NEEDED ENRICHMENT PROGRAMS, SUPPLIES, EQUIPMENT, AND TEACHER PROFESSIONAL DEVELOPMENT.
GRANT APPLICATIONS ARE ACCEPTED FROM LOCAL PUBLIC SCHOOLS AND BASED ON THE AVAILABILITY OF FUNDS AND THE NATURE OF THE REQUEST, FUNDS ARE DISBURSED FOR GRANTS ACCEPTED. THE GRANTS ARE USED TO SUPPLEMENT THE SCHOOLS BY PROVIDING NEEDED ENRICHMENT PROGRAMS, SUPPLIES, EQUIPMENT, AND TEACHER PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Fancher Treasurer | OfficerTrustee | 10 | $0 |
Anne Dorman Vice Preside | OfficerTrustee | 10 | $0 |
Davis Brock President | OfficerTrustee | 10 | $0 |
Lauren Brennen Board Member | Trustee | 5 | $0 |
Celeste Decorte Board Member | Trustee | 5 | $0 |
Brian Chew Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,998 |
| Total Program Service Revenue | $0 |
| Investment income | $106,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $130,276 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $560,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,189 |
| 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 | $81,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,059 |
| Fees for services: Other | $1,800 |
| Advertising and promotion | $5,583 |
| Office expenses | $6,674 |
| Information technology | $3,221 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $927 |
| All other expenses | $6,037 |
| Total functional expenses | $293,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $977,711 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,119,614 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,097,438 |
| 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 | $1,740 |
| Total liabilities | $1,740 |
| Net assets without donor restrictions | $1,330,206 |
| Net assets with donor restrictions | $1,765,492 |
| 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 | $3,097,438 |
Grants Awarded
Over the last fiscal year, Fairhope Educational Enrichment Foundation Inc has awarded $128,189 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OTHER GRANTS | | | $48,189 |
FAIRHOPE ELEMENTARY SCHOOL | | | $32,000 |
FAIRHOPE HIGH SCHOOL | | | $16,000 |
FAIRHOPE MIDDLE SCHOOL | | | $16,000 |
Fairhope, AL | | $16,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fairhope Educational Enrichment Foundation Inc has recieved totaling $215,168.
| Awarding Organization | Amount |
|---|---|
Fairhope Single Tax Corporation Fairhope, AL | | $200,000 |
Dunn Foundation Birmingham, AL PURPOSE: CHARITABLE PROGRAMS | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $168 |
Endowment Analysis
| Beg. Balance | $2,395,397 |
| Earnings | -$152,124 |
| Admin Expense | $27,059 |
| Grants | $96,600 |
| Ending Balance | $2,119,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of Science Inc Miami, FL | $243,382,615 | $21,735,134 |
Orlando Science Center Inc Orlando, FL | $34,260,599 | $16,913,295 |
Museum Of Discovery And Science Inc Fort Lauderdale, FL | $26,090,212 | $5,193,840 |
South Florida Science Center & Aquarium Inc West Palm Beach, FL | $15,064,947 | $6,179,164 |
Elachee Nature Science Center Gainesville, GA | $3,722,676 | $1,815,302 |
Explore Center Inc Mobile, AL | $4,416,683 | $2,220,263 |
Great Smoky Mountain Heritage Center Inc Townsend, TN | $3,656,397 | $974,256 |
Computer Museum Of America Inc Roswell, GA | $321,819 | $737,971 |
The Emerald Coast Science Center Inc Fort Walton Beach, FL | $906,968 | $634,137 |
The@museum Of Information Explosion Huntsville, AL | $624,844 | $672,041 |
Fairhope Educational Enrichment Foundation Inc Fairhope, AL | $3,097,438 | $560,788 |
Railroad Museum Of South Florida Incorporated Fort Myers, FL | $715,000 | $440,397 |