NonprofitsFriends Of Foundation Academy Inc

Education

Friends Of Foundation Academy Inc

TRENTON, NJ

Total revenue

$1.3M

Total expenses

$1.2M

Net assets

$2.9M

Grants received

$2.0M

61 grants

EIN

272091277

Tax year

2023

Mission

support Foundation Academies by raising funds & delivering services, programs, acquisitions, and partnerships that equitably serve the best interests of our school community.

Programs

2 programs

Throughout college, there are several crucial moments that can put a student at risk of leaving school. The purpose of the Friends of Foundation Academy Knight Fund is to assist FAC alumni, currently enrolled in college or post-secondary institutions, in managing financial hardships that can hinder students from entering or persisting through their post-secondary schooling and careers. Through donations to the Friends of Foundation Academy, Inc, the Knight Fund provides awards, persistence grants and scholarships to deserving alumni.

Expenses: $86KGrants: $86K

Funds raised by the Friends of FA help to fill the stark public funding gap between FA and our district counterparts. Support from donations to the Friends provides high-quality enrichment opportunities for students and drives the training, development, and celebration of our remarkable faculty.

Expenses: $135K

Financials

FY 2023

Revenue

Contributions & grants$417K
Program service revenue$785K
Investment income$106K
Other revenue
Total revenue$1.3M

Expenses

Grants paid$86K
Salaries & benefits
Fundraising$98K
Other expenses$1.2M
Total expenses$1.2M
Total assets$17.3M
Net assets$2.9M

People

8 listed

NameRoleCompensation

Donald Hofmann

Board Chair

Board

4 hrs/wk

Reid McCarthy

Treasurer (Term 6-30-2024)

Board

4 hrs/wk

Anthony Klockenbrink

Secretary

Board

4 hrs/wk

Betsy Rendall

BOARD MEMBER

Board

1 hrs/wk

Dr Fitzroy Dawkins

BOARD MEMBER

Board

1 hrs/wk

Howard Powers

BOARD MEMBER (Term 6-30-2024)

Board

1 hrs/wk

Jorgen Bundgaard Hansen

BOARD MEMBER

Board

1 hrs/wk

Andre Moore

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 61 of 61

FromAmountPurposeYear
$150K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2024
$100K
GENERAL DONATION
2024
$65K
UNRESTRICTED GENERAL SUPPORT
2024
$25K
UNRESTRICTED GENERAL SUPPORT
2024
$8K
K-12 Education
2024
$5K
GENERAL SUPPORT
2024
$5K
For Charitable Purpose
2024
$1K
SUPPORTING YOUNG ARTISTS: ART CLUB PROPOSAL
2024
$102K
TO FUND COLLEGE SCHOLARSHIPS AND MUSIC EDUCATION AT THIS SUCCESSFUL CHARTER SCHOOL IN TRENTON, NJ
2023
$75K
GENERAL PURPOSE
2023
$50K
UNRESTRICTED
2023
$30K
GRANT TO ANOTHER 501(C)(3) ORGANIZATION
2023
$25K
ENVIRONMENT, ANIMALS
2023
$25K
UNRESTRICTED GENERAL SUPPORT
2023
$25K
GENERAL AND UNRESTRICTED
2023
$10K
For Charitable Purpose
2023
$7K
For grant recipient's exempt purposes
2023
$1K
SUPPORTING YOUNG ARTISTS: ART CLUB PROPOSAL
2023
$500
EDUCATION
2023
$300
NO RESTRICTIONS
2023
$75K
GENERAL PURPOSE
2022
$35K
UNRESTRICTED GENERAL SUPPORT
2022
$7K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$5K
GENERAL SUPPORT
2022
$2K
For Charitable Purpose
2022
$400
NO RESTRICTIONS
2022
$60K
GENERAL PURPOSE
2021
$15K
For Charitable Purpose
2021
$10K
For recipient's exempt purpose
2021
$3K
GENERAL SUPPORT
2021
$62K
For grant recipient's exempt purposes
2020
$60K
GENERAL PURPOSE
2020
$28K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$15K
Covid-19 Relief & Recovery Fund
2020
$12K
For Charitable Purpose
2020
$3K
GENERAL SUPPORT
2020
$300
NO RESTRICTIONS
2020
$104K
For grant recipient's exempt purposes
2019
$50K
GENERAL SUPPORT
2019
$92K
For grant recipient's exempt purposes
2018

Funded by

$2.0M from 28 funders · 61 grants · 2018–2024

Donor Advised Charitable Giving Inc

$453K · 6 grants · 2018–2023

Arts And Letters Foundation Inc

$270K · 4 grants · 2020–2023

Fidelity Investments Charitable Gift Fund

$264K · 4 grants · 2018–2023

Bny Mellon Charitable Gift Fund

$150K · 1 grant · 2024

Morgan Stanley Global Impact Funding Trust Inc

$150K · 4 grants · 2022–2024

The Jonathan D Krist Foundation Inc

$102K · 1 grant · 2023

The William Jeff And Jennifer Gross

$100K · 1 grant · 2024

Princeton Area Community Foundation Inc

$57K · 3 grants · 2020–2024

Details

EIN272091277
NTEE codeB11
Subsection03
Ruling date2011-04
Formed2010
Employees0
Volunteers8
FRIENDS OF FOUNDATION ACADEMY INC — Mission, Financials & Grants Received | Grantivo