NonprofitsThe Fregenet Foundation

Education

The Fregenet Foundation

LOS ANGELES, CA

Total revenue

$30K

Total expenses

$34K

Net assets

$58K

Grants received

$6K

1 grants

EIN

611544897

Tax year

2024

Mission

The Fregenet Foundation is dedicated to creating educational opportunities for underserved children in Ethiopia. The Foundation provides high quality early education as a means to overcome poverty, and gender inequality for children from low income families. The Fregenet Foundation set out to provide this by building schools that have lower teacher / student ratio (2 to 30) and provides everything for free (meals, uniform, books, education), including a free pre- Kindergarten and Kindergarten program.

Programs

1 program

The Fregenet Foundation's mission includes building schools that maintain smaller teacher-to-student ratios (2 to 30) and provide free education through Pre-Kindergarten and Kindergarten programs. Project 1: Bishoftu Elementary School Construction. The Foundation's first project focused on establishing a model school, Fregenet Dembi Elementary School, on a 12,000-square-meter plot in Bishoftu. Completed in 2022, the school features seven classrooms, each accommodating 30 students, covering levels from Preschool and Kindergarten 1-3 through Grades 1-4. Additional facilities include a library, computer lab, cafeteria, and clinic, addressing both the educational and social needs of local children. Fregenet Dembi Elementary School opened its doors to its first students in September 2022, reinforcing the Foundation's commitment to advancing education for Ethiopian children. Project #2: Addis Ababa Elementary School Construction. The second initiative, Fregenet Elementary School in Addis Ababa, expands educational opportunities for children from underprivileged communities. The school is being built on land provided free of charge by the Addis Ababa City Administration. Like the Bishoftu school, it will include seven classrooms with a capacity of 30 students each, serving Preschool, Kindergarten 1-3, and Grades 1-4. Planned facilities include a library, computer lab, cafeteria, and clinic. In January 2023, construction of a permanent fence was completed. To meet immediate needs, the Foundation, working with local stakeholders and partners, also built a temporary structure on the site. This facility, which will serve for the next five years, accommodates students from the former Fregenet Kidan Lehetsanat School, ensuring uninterrupted learning while the permanent school is under construction. The temporary classrooms, kitchen, teachers' rooms, play area, and other related facilities have now been completed.

Expenses: $20K

Financials

FY 2024

Revenue

Contributions & grants$30K
Program service revenue
Investment income
Other revenue
Total revenue$30K

Expenses

Grants paid$33K
Salaries & benefits
Fundraising
Other expenses$639
Total expenses$34K
Total assets$58K
Net assets$58K

People

4 listed

NameRoleCompensation

Elizabeth Asrat

Board of Director, Financial Officer

Board

5 hrs/wk

Shimelis B Gulema

Board Director, Secretary of the Board

Board

5 hrs/wk

Abdi Sherif Dr

Board Director & Fundraising Committee

Board

5 hrs/wk

Tafesse Woubseht

Board Director, President

Board

20 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$6K
Unrestricted
2020

Funded by

$6K from 1 funder · 1 grant · 2020

Network For Good

$6K · 1 grant · 2020

Details

EIN611544897
NTEE codeB24
Subsection03
Ruling date2008-04
Formed2004
Employees0
Volunteers4
THE FREGENET FOUNDATION — Mission, Financials & Grants Received | Grantivo