Springfield Area Education Foundation
- Assets
- $2.2m
- Revenue
- $259.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, PA
- Founding
- 06/2006
- Data as of
- 06/2021
- EIN
- 75-3196779
Organization Overview
Springfield Area Education Foundation is located in Springfield, PA. The organization was established in 2006. 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. Springfield Area Education 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 06/2021, Springfield Area Education Foundation generated $259.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $224.9k 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
ENRICH THE ACADEMIC, ARTISTIC, & ATHLETIC EXPERIENCE OF SPRINGFIELD SCHOOL DISTRICT STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING FOR EDUCATIONAL AND ATHLETIC SPECIAL PROGRAMS WHICH REQUIRE FUNDING OUTSIDE OF NORMAL CHANNELS.
AWARDS AND SCHOLARSHIPSEACH YEAR, SAEF HONORS FORMER STUDENTS, ALUMNI, TEACHERS, ADVISORS, AND ASSOCIATED INDIVIDUALS WHO HAVE ACHIEVED EXCELLENCE IN THEIR CAREER FIELDS SUCH AS ARTS, ATHLETICS, LAW, MEDICINE, ENTREPRENEURSHIP, EDUCATION, PUBLIC SERVICE OR RELATED FIELDS THAT MERIT SPECIAL RECOGNITION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Todaro President | OfficerTrustee | 2 | $0 |
Joseph Nastasi Vice President | OfficerTrustee | 2 | $0 |
Jack Sullivan Treasurer | OfficerTrustee | 2 | $0 |
Donald Mooney Secretary | OfficerTrustee | 4 | $0 |
Mark Schmidt Trustee | Trustee | 2 | $0 |
Kathleen Boyer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,017 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,762 |
| Total Program Service Revenue | $0 |
| Investment income | $47,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,369 |
| Net Income from Fundraising Events | $4,754 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $259,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,737 |
| Grants and other assistance to domestic individuals. | $119,955 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,892 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $608 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $224,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,088,056 |
| Pledges and grants receivable | $900 |
| 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 | $1,098,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,187,764 |
| Accounts payable and accrued expenses | $44,816 |
| Grants payable | $140,625 |
| 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 | $200,210 |
| Total liabilities | $385,651 |
| Net assets without donor restrictions | $249,664 |
| Net assets with donor restrictions | $1,552,449 |
| 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 | $2,187,764 |
Grants Awarded
Over the last fiscal year, Springfield Area Education Foundation has awarded $45,737 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPRINGFIELD SCHOOL DISTRICT PURPOSE: SUPPORT FOR EDUCATIONAL AND EXTRA-CURRICULAR ACTIVITIES | $38,237 |
Springfield, PA PURPOSE: BEFORE AND AFTER SCHOOL ACTIVITIES AND COORDINATORS AND HOMEWORK CLUB | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Springfield Area Education Foundation has recieved totaling $33,325.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $14,017 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Ccres Downingtown, PA PURPOSE: RISING STAR AWARD | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |