Quest Educational Foundation Inc
- Assets
- $6.3m
- Revenue
- $627.2k
- Investments
- $4.2m
- Employees
- 6
- Location
- Naples, FL
- Founding
- 04/1992
- Data as of
- 06/2021
- EIN
- 65-0232400
Organization Overview
Quest Educational Foundation Inc is located in Naples, FL. The organization was established in 1992. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2021, Quest Educational Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quest 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 06/2021, Quest Educational Foundation Inc generated $627.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.4%) each year. All expenses for the organization totaled $780.2k during the year ending 06/2021. 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
OUR MISSION IS TO FOSTER ECONOMIC FREEDOM THROUGH EDUCATION BY EMPOWERING HIGH SCHOOL STUDENTS TO REACH THEIR HIGHEST CAREER POTENTIALS THROUGH LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COUNSELING PROGRAMS AND SCHOLARSHIPS IN ORDER TO HELP STUDENTS PREPARE FOR AND APPLY TO COLLEGES AND UNIVERSITIES. APPROXIMATELY 360 CHILDREN ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Zumstein Executive Director | Officer | 40 | $91,690 |
Thomas R Grady President / CEO | Trustee | 1 | $0 |
Edward A Morton Vp, Secretary, Treasurer | Trustee | 1 | $0 |
Erica Dekko Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,500 |
| Total Program Service Revenue | $376,368 |
| Investment income | $92,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,672 |
| 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. | $96,915 |
| Compensation of current officers, directors, key employees. | $19,383 |
| Compensation to disqualified persons | $260,504 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,239 |
| Payroll taxes | $26,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,412 |
| Fees for services: Accounting | $42,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,069 |
| Fees for services: Other | $4,546 |
| Advertising and promotion | $2,066 |
| Office expenses | $2,353 |
| Information technology | $46,168 |
| Royalties | $0 |
| Occupancy | $77,479 |
| Travel | $553 |
| 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 | $63,958 |
| Insurance | $36,784 |
| All other expenses | $0 |
| Total functional expenses | $780,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,477 |
| 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 | $3,256 |
| Net Land, buildings, and equipment | $2,045,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,240,968 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,313,726 |
| Accounts payable and accrued expenses | $62,500 |
| 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 | $160,840 |
| Total liabilities | $223,340 |
| Net assets without donor restrictions | $6,090,386 |
| 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 | $6,313,726 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Quest Educational Foundation Inc has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Naples Pelican Bay Rotary Endowment Fund Inc Naples, FL PURPOSE: SCHOLARSHIP | $26,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Embrace Families Community Based Care Inc Maitland, FL | $8,446,413 | $86,125,752 |
Healthy Start Momcare Network Inc Tallahassee, FL | $19,318,037 | $51,819,085 |
Gulf Coast Jewish Family And Community Services Inc Clearwater, FL | $20,463,485 | $38,233,217 |
The Ounce Of Prevention Fund Of Florida Inc Tallahassee, FL | $8,513,222 | $31,695,494 |
Jewish Community Services Of South Florida Inc Miami, FL | $20,758,187 | $33,872,569 |
Dr Stanley And Pearl Goodman Jfs Of Broward County Inc Davie, FL | $12,340,756 | $30,290,472 |
Youth And Family Alternatives Inc New Port Richey, FL | $18,119,816 | $19,712,981 |
Jewish Family & Career Services Inc Atlanta, GA | $12,287,389 | $17,564,180 |
Family Guidance Center Montgomery, AL | $13,687,977 | $20,448,992 |
Clayton County Community Services Authority Inc Forest Park, GA | $3,675,143 | $13,405,367 |
Healthy Start Coalition Of Hillsborough County Inc Tampa, FL | $7,033,650 | $11,816,004 |
The Childrens Place At Home Safe Inc Lake Worth, FL | $29,804,728 | $15,073,772 |