Gahanna-Jefferson Education Foundation is located in Gahanna, OH. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Gahanna-Jefferson 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 12/2023, Gahanna-Jefferson Education Foundation generated $367.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $308.1k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXCELLENCE IN EDUCATION IN GAHANNA JEFFERSON PUBLIC SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS PROVIDED TO GAHANNA JEFFERSON PUBLIC SCHOOLS FOR EDUCATIONAL GRANTS TO TEACHERS AND STUDENTS
SCHOLARSHIPS TO HIGHER EDUCATION INSTITUTIONS ON BEHALF OF STUDENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
W Michael Fritz Treasurer | OfficerTrustee | 4 | $0 |
Sharon Tomko Director | Trustee | 1 | $0 |
Ben Babcenic Director | Trustee | 1 | $0 |
Carole Bickel Director | Trustee | 1 | $0 |
Wanda Dworkin Director | Trustee | 1 | $0 |
Julia Fire Secretary | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $92,259 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $126,193 |
Noncash contributions included in lines 1a–1f | $92,259 |
Total Revenue from Contributions, Gifts, Grants & Similar | $218,452 |
Total Program Service Revenue | $0 |
Investment income | $114,509 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $34,021 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $366,982 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $173,471 |
Grants and other assistance to domestic individuals. | $86,069 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $39,174 |
Compensation of current officers, directors, key employees. | $7,834 |
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 | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $8,188 |
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 | $1,220 |
All other expenses | $0 |
Total functional expenses | $308,122 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $26,574 |
Savings and temporary cash investments | $374,811 |
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 | $4,725,485 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,126,870 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $139,025 |
Net assets with donor restrictions | $4,987,845 |
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 | $5,126,870 |