Franklin Education Foundation Inc
- Assets
- $271.3k
- Revenue
- $30.9k
- Investments
- $92.6k
- Employees
- 0
- Location
- Franklin, NJ
- Founding
- 01/2003
- Data as of
- 12/2023
- 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 12/2023, Franklin Education Foundation Inc generated $30.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $17.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Franklin Education Foundation Inc has awarded 93 individual grants totaling $113,571. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 EAGLE SCOUT PROJECT
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 | |
Harry Weeks Vice-President | 1 | $0 | |
Mike Ryder Treasurer | 1 | $0 | |
Theresa Gallagher Sectetary | 1 | $0 | |
Suzanne Ross Trustee | 1 | $0 | |
Kevin Blondina Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,306 |
| Interest on Savings | $1,566 |
| 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 | $30,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,276 |
| Total operating and administrative expenses | $7,326 |
| Contributions, gifts, grants paid | $10,437 |
| Total expenses and disbursements | $17,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,056 |
| Net Accounts receivable | $27,641 |
| 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 | $92,607 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $271,304 |
| 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 $10,437 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKLIN BOARD OF EDUCATION PURPOSE: MINI-GRANT | $8,187 |
FIELD TRIPS PURPOSE: VARIOUS FIELD TRIPS | $0 |
NICOLE DEFINIS PURPOSE: SCHOLARSHIP | $2,000 |
ANGELO MARTINEZ PURPOSE: SCHOLARSHIP | $250 |
REFUND OF GRANT MONEY PURPOSE: REFUNF OF GRANT MONEY | $0 |