East Valley Institute Of Technology Education Foundation Inc
- Assets
- $1.1m
- Revenue
- $318.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- 05/2000
- Data as of
- 09/2022
- EIN
- 86-0953896
Organization Overview
East Valley Institute Of Technology Education Foundation Inc is located in Mesa, AZ. The organization was established in 2000. 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. East Valley Institute Of Technology Education Foundation 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 09/2022, East Valley Institute Of Technology Education Foundation Inc generated $318.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $108.7k during the year ending 09/2022. While expenses have increased by 10.6% per year over the past 7 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
THE MISSION IS TO SECURE AND DISTRIBUTE CONTRIBUTIONS FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS FOR THE BENEFIT OF PROMOTING EXCELLENCE IN VOCATIONAL TECHNOLOGICAL EDUCATION AND ENHANCING EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES FOR EVIT STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EVIT EDUCATION FOUNDATION EXISTS TO HELP STUDENTS WHO ARE IN FINANCIAL NEED. THE ORGANIZATION HELPS PROVIDE THE MEANS TO ELIGIBLE EAST VALLEY INSTITUTE OF TECHNOLOGY STUDENTS TO PAY FOR THE SUPPLIES NEEDED TO COMPLETE THEIR PROGRAM TRAINING, CERTIFICATION TESTING, 3RD PARTY CREDENTIALS, AND IN SOME CASES, LICENSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Krizan Chair | OfficerTrustee | 1 | $0 |
Denny Brown Vice Chair | OfficerTrustee | 1 | $0 |
Jo Wilson Secretary | OfficerTrustee | 1 | $0 |
Thom Maher Treasurer | OfficerTrustee | 1 | $0 |
Giovanni Briseno Board Member | Trustee | 1 | $0 |
Franki Buckman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,926 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,829 |
| Total Program Service Revenue | $0 |
| Investment income | $29,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $93,601 |
| Net Income from Fundraising Events | -$1,635 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $67,576 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,636 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $3,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,907 |
| Fees for services: Other | $1,167 |
| Advertising and promotion | $4,531 |
| Office expenses | $2,504 |
| Information technology | $3,270 |
| 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 | $834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,608 |
| All other expenses | $0 |
| Total functional expenses | $108,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,458 |
| Savings and temporary cash investments | $100 |
| 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 | $875,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,710 |
| Total assets | $1,110,871 |
| Accounts payable and accrued expenses | $196 |
| 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 | $196 |
| Net assets without donor restrictions | $1,110,675 |
| 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 | $1,110,871 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that East Valley Institute Of Technology Education Foundation Inc has recieved totaling $15,140.
| Awarding Organization | Amount |
|---|---|
Desert Financial Foundation Phoenix, AZ PURPOSE: SCHOLARSHIPS | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |