First Command Educational Foundation
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $457.7k
- Employees
- 10
- Location
- Fort Worth, TX
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 75-1973894
Organization Overview
First Command Educational Foundation is located in Fort Worth, TX. The organization was established in 1984. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2021, First Command Educational Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Command Educational Foundation 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 12/2021, First Command Educational Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $900.7k during the year ending 12/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THOSE WHO SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM - PROVIDES SCHOLARSHIPS FOR THOSE MILITARY AND CIVILIAN INDIVIDUALS PURSUING UNDERGRADUATE AND GRADUATE DEGREES AS WELL AS TRADE PROGRAMS AND PROFESSIONAL CERTIFICATION.
EDUCATION - PROVIDES FINANCIAL EDUCATION COURSES AND CLASSROOM INSTRUCTION TO INDIVIDUALS, BUSINESSES, AND COMMUNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Johnson President | OfficerTrustee | 40 | $134,070 |
Charles W Bowen Chairman/ceo | OfficerTrustee | 20 | $25,384 |
Lori Sidrony Director | OfficerTrustee | 1 | $0 |
Robert Slaughter Chairman | OfficerTrustee | 1 | $0 |
Vicki Coleman Director | OfficerTrustee | 1 | $0 |
Mark Nielsen Jr Director | Trustee | 1 | $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 | $922,772 |
| Noncash contributions included in lines 1a–1f | $23,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $922,772 |
| Total Program Service Revenue | $38,990 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $54,243 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,921 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,064,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $99,581 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,454 |
| Compensation of current officers, directors, key employees. | $6,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,135 |
| Pension plan accruals and contributions | $15,606 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,671 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | -$1,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,821 |
| Advertising and promotion | $6,240 |
| Office expenses | $26,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,801 |
| 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 | $1,284 |
| Insurance | $5,874 |
| All other expenses | $0 |
| Total functional expenses | $900,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,001 |
| 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 | $25,867 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,058 |
| Net Land, buildings, and equipment | $1,921 |
| Investments—publicly traded securities | $1,345,909 |
| Investments—other securities | $457,727 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,107,483 |
| Accounts payable and accrued expenses | $56,622 |
| 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 | $9,975 |
| Total liabilities | $66,597 |
| Net assets without donor restrictions | $449,429 |
| Net assets with donor restrictions | $1,591,457 |
| 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 | $2,107,483 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that First Command Educational Foundation has recieved totaling $57,176.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $54,486 |
Baird Foundation Inc Milwaukee, WI PURPOSE: ETHNIC AND RELIGIOUS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $190 |
Endowment Analysis
| Beg. Balance | $1,295,489 |
| Earnings | $74,772 |
| Net Contributions | $19,054 |
| Grants | $43,360 |
| Ending Balance | $1,345,955 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta National House Corporation Dallas, TX | $74,724,969 | $16,270,605 |
Delta Delta Delta Park Street Properties Llc Dallas, TX | $1,524,558 | $6,844,854 |
Honor Society Of Phi Kappa Phi Baton Rouge, LA | $65,517,375 | $6,309,664 |
Tri Delta Housing Inc Dallas, TX | $3,409,218 | $1,400,485 |
Delta Kappa Gamma Society Austin, TX | $10,208,781 | $2,395,824 |
Zeta Beta Tau Fraternity Dallas, TX | $286,134 | $1,671,786 |
Delta Iota House Association Of Kappa Gamma Fraternity Baton Rouge, LA | $11,336,572 | $1,890,094 |
Delta Delta Delta Fraternity Delta Iota House Corp Fayetteville, AR | $15,926,703 | $1,714,935 |
Chi Omega Fraternity Baton Rouge, LA | $1,575,304 | $1,510,789 |
Sigma Phi Epsilon Fraternity Inc Austin, TX | $181,081 | $1,301,708 |
Sigma Alpha Epsilon Fraternity Austin, TX | $676,452 | $1,319,713 |
Sigma Alpha Epsilon Fraternity Dallas, TX | $133,385 | $1,411,437 |