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Foundations in Education

Shelton, CT · EIN 47-5130557 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Foundations in Education reported $17.4 million in revenue and $6.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $92.04 went to program services, $4.43 to management and general costs and $3.53 to fundraising. Its largest source of revenue was contributions and grants: 82.2% of the total. The highest compensation it reported for one person was $268,850 (Treasurer - Term. 12/1/24). 1 person received more than $100,000 in reportable compensation. Revenue rose 198% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $6.6M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $17M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
92.0%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
4.4%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
3.5%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
82.2%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$268,850$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
4.07%1.56%
People paid over $100,000
Part VII, line 2
13
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
101.256.6
Independent voting board members
Part VI 1a–1b
24 of 27100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$6.1M expenses · 100.0% of program spending · grants $5.9M

Awarded nearly 1,200 students tuition assistance and 21 teachers innovation and leadership grants. Supported transformative projects at a high school and some elementary schools across the diocese of bridgeport

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Treasurer - Term. 12/1/24
Director/trustee, officer, 1.0 hrs/week
$0$256,048$12,802$268,850
TRUSTEE
Director/trustee, 1.0 hrs/week
$0$245,590$12,279$257,869
Executive Director
Officer, 50.0 hrs/week
$190,916$0$12,043$202,959

1 people received more than $100,000 in reportable compensation from Foundations in Education (Part VII, line 2). Compensation of current officers, directors and key employees totaled $195K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$17M$6.6M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$17M$6.6M92.0%$56M$268,850
FY2024 ⓘ$6.8M$6.1M92.3%$40M$259,453
FY2023 ⓘ$7.0M$6.1M93.1%$37M$241,935
FY2022 ⓘ$12M$5.9M93.7%$33M$231,226
FY2021 ⓘ$7.8M$7.6M95.9%$32M$227,820
FY2020 ⓘ$5.8M$5.0M93.5%$28M$209,492

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b27 · 24 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 54
  • Volunteers Part I, line 662

Private foundation grants it received

22 private foundations reported grants to Foundations in Education totaling $1.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Foundations in Education's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundations in Education, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All philanthropy, voluntarism & grantmaking charities · Largest charities in Connecticut

Questions people ask

How much of Foundations in Education's spending goes to programs?

In the fiscal year ending June 30, 2025, Foundations in Education reported that 92.0% of its $6.6 million in expenses went to program services, 4.4% to management and general and 3.5% to fundraising (Form 990, Part IX).

How much does Foundations in Education pay its top executive?

The largest total compensation Foundations in Education reported for one person in the fiscal year ending June 30, 2025 was $268,850, for the role of Treasurer - Term. 12/1/24 (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Foundations in Education get its money?

Of $17.4 million in revenue in the fiscal year ending June 30, 2025, 82.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Foundations in Education a registered charity?

The IRS lists EIN 47-5130557 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202513459349300031 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501069349301800 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411149349301216 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320759349301522 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201199349300920 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110819349301156 · read the filing

All filings for EIN 47-5130557: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.