Foundation For Underway Experiential Learning Inc
- Assets
- $2.5m
- Revenue
- $752.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Vineyard Haven, MA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4752116
Organization Overview
Foundation For Underway Experiential Learning Inc is located in Vineyard Haven, MA. The organization was established in 2017. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Foundation For Underway Experiential Learning Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Underway Experiential Learning 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, Foundation For Underway Experiential Learning Inc generated $752.0k in total revenue. All expenses for the organization totaled $800.4k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUEL OFFERS COLLEGE CURRICULUM IN AN EXPERIMENTAL FRAMEWORK ONBOARD A WORLD VOYAGING SAILING SHIP. THROUGH VOYAGES AT SEA, FUEL EMBOLDENS YOUTH TO IMPROVE THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUEL PROVIDES STUDENTS LIFE CHANGING JOURNEYS WHICH ALLOW THEM TO DISCOVER THEIR PERSONAL POTENTIAL THROUGH LEARNING. UPON COMPLETION OF THE PROGRAM STUDENTS WILL RECEIVE THEIR FIRST SEA SERVICE LETTER THAT CAN BE USED TOWARDS OBTAINING A UNITED STATES COAST GUARD CAPTAINS LICENSE.
FUEL PROVIDES STUDENTS LIFE CHANGING JOURNEYS WHICH ALLOW THEM TO DISCOVER THEIR PERSONAL POTENTIAL THROUGH LEARNING. UPON COMPLETION OF THE PROGRAM STUDENTS WILL RECEIVE THEIR FIRST SEA SERVICE LETTER THAT CAN BE USED TOWARDS OBTAINING A UNITED STATES COAST GUARD CAPTAINS LICENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Ian Ridgeway CEO | Officer | 25 | $39,400 |
Casey Blum Program Dire | Officer | 25 | $38,846 |
Stever Aubrey Director | Trustee | $0 | |
John Keene Director | Trustee | $0 | |
Harry Dickerson Director | Trustee | $0 | |
Tracey Overbeck Stead Director | Trustee | $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 | $15,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,682 |
| Total Program Service Revenue | $736,054 |
| Investment income | $80 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $751,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $193,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,823 |
| 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 | $37,377 |
| Advertising and promotion | $3,180 |
| Office expenses | $6,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,071 |
| Travel | $670 |
| 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 | $355,771 |
| Insurance | $26,511 |
| All other expenses | $32,902 |
| Total functional expenses | $800,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,745 |
| Savings and temporary cash investments | $60,444 |
| 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 | $2,177,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,459,430 |
| 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 | $2,459,430 |
| Net assets with donor restrictions | $0 |
| 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 | $2,459,430 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Underway Experiential Learning Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Marthas Vineyard Bank Charitable Foundation Inc Edgartown, MA PURPOSE: EXEMPT PURPOSE | $100,000 |
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|---|---|---|
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