El Dorado Education Foundation Inc
- Assets
- $2.0m
- Revenue
- $107.2k
- Investments
- $0.0
- Employees
- 1
- Location
- El Dorado, AR
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 71-0783351
Organization Overview
El Dorado Education Foundation Inc is located in El Dorado, AR. The organization was established in 1996. 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. El Dorado 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 12/2023, El Dorado Education Foundation Inc generated $107.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $286.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, El Dorado Education Foundation Inc has awarded 35 individual grants totaling $372,865. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A NONPROFIT ORGANIZATION WHOSE FUNCTION IS TO PROVIDE FINANCIAL SUPPORT FOR PROGRAMS AND CURRICULUMS PROMOTING ACADEMIC EXCELLENCE IN THE EL DORADO PUBLIC SCHOOL SYSTEM. THIS SUPPORT IS MANIFEST IN THREE WAYS: ANNUAL GRANTS TO TEACHERS OR SCHOOLS TO FUND ACADEMIC PROGRAMS NOT OTHERWISE AVAILABLE, ANNUAL AWARDS FOR TEACHER EXCELLENCE, AND ACADEMIC CHAIR SPONSORSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4 GRANTS WERE AWARDED TO LOCAL PUBLIC SCHOOLS FOR SPECIFIC ENRICHMENT PROGRAMS BASED ON TEACHER PROPOSALS. HUNDREDS OF STUDENTS PARTICIPATED. 15 EDUCATORS WERE AWARDED CASH PRIZES FOR EXCELLENCE. STUDENTS WERE AWARDED ACADEMIC LETTERMAN JACKETS.
MAINTAINING MATH CHAIR FOR GRADES K-12.
MAINTAINING LITERACY CHAIR FOR GRADES K-12.
MAINTAINING SCIENCE CHAIR FOR GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claiborne Deming President | OfficerTrustee | 0.5 | $0 |
Alice Mahony Vice Preside | OfficerTrustee | 0.5 | $0 |
Walter Compton Secretary | OfficerTrustee | 0.5 | $0 |
Elaine Deming Director | Trustee | 0.5 | $0 |
Carol Felton Director | Trustee | 0.5 | $0 |
Sherrel Johnson Director | Trustee | 0.5 | $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 | $61,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,067 |
| Total Program Service Revenue | $0 |
| Investment income | $47,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,245 |
| Grants and other assistance to domestic individuals. | $6,850 |
| 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 | $24,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,670 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,373 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $350 |
| All other expenses | $10,308 |
| Total functional expenses | $286,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,686 |
| Savings and temporary cash investments | $612,766 |
| 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 | $0 |
| Investments—publicly traded securities | $1,376,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,999,392 |
| 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 | $2,768 |
| Total liabilities | $2,768 |
| Net assets without donor restrictions | $2,036,424 |
| Net assets with donor restrictions | -$39,800 |
| 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 | $1,999,392 |
Grants Awarded
Over the last fiscal year, El Dorado Education Foundation Inc has awarded $100,369 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EL DORADO PUBLIC SCHOOLS PURPOSE: EDUCATION | $36,181 |
EL DORADO PUBLIC SCHOOLS PURPOSE: EDUCATION | $38,216 |
EL DORADO HIGH SCHOOL PURPOSE: EDUCATION | $25,972 |