Einstrong Foundation
- Assets
- $311.3k
- Revenue
- $748.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Pasadena, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-2967762
Organization Overview
Einstrong Foundation is located in Pasadena, CA. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2022, Einstrong Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Einstrong 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 12/2022, Einstrong Foundation generated $748.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.1% each year . All expenses for the organization totaled $459.6k during the year ending 12/2022. While expenses have increased by 45.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CLOSE THE WORLD WIDE LITERACY GAP BY PROVIDING FREE ACCESS TO READING AND NUMERACY CURRICULUM VIA ADULT LITERACY APPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP CLOSE THE WORLD WIDE LITERACY GAP BY PROVIDING FREE ACCESS TO READING AND NUMERACY CURRICULUM VIA ADULT LITERACY APPS.PROVIDED MONTHLY MONETARY ASSISTANCE TO INDIVIDUALS AND FAMILIES IN COMPELLING NEED, AND CONTRIBUTE AND FOSTER SOCIAL DEVELOPMENT TO LIFT PEOPLE OUT OF THE POVERTY CYCLE THROUGH EDUCATION. PROVIDED DONATIONS TO COLUMBIA UNIVERSITY IN ORDER FOR THEM TO HIRE AN ADDITIONAL PROFESSOR. CONTRIBUTED TO ORGANIZATIONS EDUCATING THE PUBLIC ON LOWERING THEIR ENVIRONMENTAL IMPACT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarice Hovesepian Secretary | OfficerTrustee | 1 | $0 |
Emun Zabihi Chairman | OfficerTrustee | 1 | $0 |
Janet Zakas CFO | OfficerTrustee | 1 | $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 | $748,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $748,080 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $748,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $192,465 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,781 |
| 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 | $149,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,530 |
| 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 | $21,424 |
| Office expenses | $1,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $521 |
| Insurance | $7,809 |
| All other expenses | $2,994 |
| Total functional expenses | $459,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,009 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $300,274 |
| Other assets | $0 |
| Total assets | $311,283 |
| Accounts payable and accrued expenses | $6,257 |
| 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 | $6,257 |
| Net assets without donor restrictions | $305,026 |
| 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 | $311,283 |
Grants Awarded
Over the last fiscal year, Einstrong Foundation has awarded $187,165 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: SABIN CENTER FOR CLIMATE CHANGE | $106,000 |
OMPRAKASH PURPOSE: NEPAL PROGRAM SUPPORT | $81,165 |