Camden Education Fund Inc
- Assets
- $14.1m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Camden, NJ
- Founding
- Data as of
- 06/2022
- EIN
- 84-3991160
Organization Overview
Camden Education Fund Inc is located in Camden, NJ. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Camden Education Fund Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camden Education 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 06/2022, Camden Education Fund Inc generated $15.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 18.9% per year over the past 3 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.
Since 2021, Camden Education Fund Inc has awarded 60 individual grants totaling $7,927,394. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN AND ACCELERATE PROGRESS IN CAMDEN'S PUBLIC SCHOOL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMDEN EDUCATION FUND (CEF) IS DEDICATED TO ACCELERATING PROGRESS IN CAMDEN'S PUBLIC-SCHOOL SYSTEM. CEF WORKS WITH FAMILIES, SCHOOL PARTNERS, AND COMMUNITY LEADERS TO IDENTIFY CITYWIDE NEEDS IN EDUCATION. CEF THEN PROVIDES GRANTS AND DEVELOPS STRATEGIC PARTNERSHIPS TO ADDRESS THESE CITYWIDE NEEDS. GRANTEES MAY INCLUDE SCHOOLS, NON-PROFITS, AND UNIVERSITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Falynn Milligan Board Chair | OfficerTrustee | 1 | $0 |
Jose Brito Treasurer | OfficerTrustee | 1 | $0 |
Taisha Minier Secretary | OfficerTrustee | 1 | $0 |
Kameelah Shaheed-Diallo Board Member | Trustee | 1 | $0 |
Naeha Dean Executive Director | Officer | 50 | $208,945 |
Jonathan Garr Director Of School Investments | 40 | $136,318 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000,429 |
| 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 | $15,006,441 |
| Statement of Expenses | |
|---|---|
| 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. | $212,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,432 |
| Payroll taxes | $28,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,147 |
| Fees for services: Accounting | $31,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $474,056 |
| Advertising and promotion | $44,170 |
| Office expenses | $27,712 |
| 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 | $2,379 |
| All other expenses | $0 |
| Total functional expenses | $7,026,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,063,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,990,000 |
| 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 | $10,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,357 |
| Total assets | $14,065,801 |
| Accounts payable and accrued expenses | $11,467 |
| 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 | $785,900 |
| Total liabilities | $797,367 |
| Net assets without donor restrictions | $1,433,962 |
| Net assets with donor restrictions | $11,834,472 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,268,434 |
Grants Awarded
Over the last fiscal year, Camden Education Fund Inc has awarded $5,254,364 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
12 PURPOSE: Post-secondary grant | $300,000 |
50CAN PURPOSE: Engagement grant | $50,000 |
BARD COLLEGE PURPOSE: Post-secondary grant | $100,500 |
BOSS MENTORING PURPOSE: Engagement grant | $20,000 |
CAMDEN CITY SCHOOL DISTRICT PURPOSE: Equity grant | $285,000 |
CAMDEN DREAM CENTER PURPOSE: Youth Serving Organization Grant | $20,000 |