Franklin Education Foundation Inc
- Assets
- $256.2k
- Revenue
- $4.5k
- Investments
- $100.0k
- Employees
- 0
- Location
- Franklin, NJ
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 81-0573291
Organization Overview
Franklin Education Foundation Inc is located in Franklin, NJ. The organization was established in 2003. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Franklin 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 12/2021, Franklin Education Foundation Inc generated $4.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $10.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINI-GRANT AWARDS FOR VARIOUS EDUCATIIONAL PURPOSES
PAID FOR VARIOUS STUDENT RELATED CLASS TRIPS AND PROGRAMS
MILDRED H. HARDEN SCHOLARSHIP
KAY SHEPARD SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Davis President | 1 | $0 | |
Ted Weeks Vice-President | 1 | $0 | |
Mike Ryder Treasurer | 1 | $0 | |
Sue Ross Sectetary | 1 | $0 | |
Theresa Gallagher Trustee | 1 | $0 | |
Lori Walker Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,391 |
| Interest on Savings | $105 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $4,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,910 |
| Total operating and administrative expenses | $3,958 |
| Contributions, gifts, grants paid | $6,585 |
| Total expenses and disbursements | $10,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,154 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $100,041 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $256,195 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Franklin Education Foundation Inc has awarded $6,585 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKLIN BOARD OF EDUCATION PURPOSE: MINI-GRANT FOR CLASSROOMS | $4,335 |
KELLY DEFINIS PURPOSE: SCHOLARSHIP | $2,000 |
SHAWN DELAPAZ PURPOSE: SCHOLARSHIP | $250 |
FIELD TRIPS PURPOSE: VARIOUS FIELD TRIPS | $0 |
HARSHIL BHAVSAR PURPOSE: SCHOLARSHIP | $0 |
REFUND OF GRANT MONEY PURPOSE: REFUNF OF GRANT MONEY | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
University At Buffalo Student Association Inc Buffalo, NY | $6,243,803 | $4,544,119 |
Empirical Resolution Inc New York, NY | $7,350,506 | $4,345,659 |
Faculty Student Association Of Westchester Community College Inc Valhalla, NY | $11,997,286 | $3,578,738 |
John Jay College New York, NY | $4,331,954 | $4,637,173 |
Faculty Student Association At Downstate Medical Center Inc Brooklyn, NY | $2,207,476 | $3,694,681 |