Terra Bella Educational Advancement Fund Inc
- Assets
- $974.3k
- Revenue
- $9.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Commack, NY
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-1981573
Organization Overview
Terra Bella Educational Advancement Fund Inc is located in Commack, NY. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Terra Bella Educational Advancement Fund 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, Terra Bella Educational Advancement Fund Inc generated $9.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (66.8%) each year. All expenses for the organization totaled $56.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Setton Director | 0.5 | $0 | |
Harris Cohen Director, Secretary | 0.5 | $0 | |
Mia Cohen Director, President | 1 | $0 | |
Joseph Setton Director | 0.5 | $0 | |
Stewart Fellner Director, Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$5,456 |
| 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 | $0 |
| Total Revenue | $9,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,400 |
| Depreciation | $7,331 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,367 |
| Total operating and administrative expenses | $26,098 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $56,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,521 |
| Savings and temporary cash investments | $0 |
| 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 | $260,541 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $506,200 |
| Other assets | $0 |
| Total assets | $974,262 |
| 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, Terra Bella Educational Advancement Fund Inc has awarded $30,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DAISY RUBALCAVA PURPOSE: SCHOLARSHIP | $5,000 |
DIEGO MENDEZ PURPOSE: SCHOLARSHIP | $5,000 |
SAUL LAMAS LOPEZ PURPOSE: SCHOLARSHIP | $5,000 |
MIGUEL ANGEL RODRIGUEZ PURPOSE: SCHOLARSHIP | $5,000 |
MELANY OSTORVA PURPOSE: SCHOLARSHIP | $5,000 |
DONAVAN HIURA PURPOSE: SCHOLARSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Terra Bella Educational Advancement Fund Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Setton Foundation Commack, NY PURPOSE: CHARITABLE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |