Brunswick Educational Foundation EIN 34-1676608 Form 990 (PDF) Claim this org

Brunswick Educational Foundation FY2022 filing

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Funds school activities and programs for students and staff. For fiscal year 2022 it reported $75K in revenue, $46K in expenses, and $98K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Brunswick, OH
Filings
4 on file (2021–2022)
Revenue
$75KFY2022
Expenses
$46K
Net assets
$98K
People
9
Filings
4
Updates
0
More identity details & actions ⌄
EIN  34-1676608 Public charity (501(c)(3)) Brunswick, OH
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Funds school activities and programs for students and staff.
Leadership
Cindi White · President
Money in and out
$75K revenue, $46K expenses
Bottom line
87% program efficiency
Where the money goes · FY2022
Total revenue
$75K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.00 Fundraising $0.12
Program efficiency
87%
of spending reaches programs
Operating runway
25.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$75K
FY2022▲ +161%
Expenses
$46K
FY2022▲ +72%
Total assets
$98K
FY2022▲ +34%
Total liabilities
$0
FY2022
Total revenue
$75K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$98K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $24K of program spending, described in the organization's own filed words · FY2021.
01

After prom is provided to senior students as an additional activity following the prom dance brunswick rocks was not held this year due to lack of volunteers brunswick video club promotes student involvement in reporting and broadcasting student activities and community partnerships

$24Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrunswick Educational Foundation
EINHdr · item D34-1676608
Principal addressHdr · item CBrunswick, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90Z)
Ruling yearIRS BMFJul 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Brunswick Educational Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$46K · 62%
Program service revenue$28K · 38%
Contributions & grants62%$46K
Program service revenue38%$28K
Investment income$11
Total revenueLn 12$75K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.00 Fundraising $0.12
Program services87%$40K
Management & general$108
Fundraising12%$6K
Total functional expensesLn 25$46K

Balance Sheet

Part X · end of year
CashLn 1$98K
Total assetsLn 16$98K
Total liabilitiesLn 26$0
Total net assetsLn 32$98K
Months of cash on handcomputed25.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $98K · Operating expenses/yr $46K
25.6 months
Where the money goes
Program services
Program services $40K · Total expenses $46K
87%
Management & General
Management & general $108 · Total expenses $46K
0.2%
Fundraising
Fundraising $6K · Total expenses $46K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $6K · Solicited contributions (2-yr avg) $37K
$0.15 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $46K · Total revenue $75K
62%
Government reliance
Government grants — · Total revenue $75K
Earned-income share
Program service revenue $28K · Total revenue $75K
38%
Investment reliance
Investment income $11 · Total revenue $75K
+0.01%
Program self-sufficiency
Program service revenue $28K · Total expenses $46K
62%
Growth & trend
Revenue growth (YoY)
This year $75K · Prior year $29K
+161%
Net-asset trend (YoY)
End of year $98K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $75K · Expenses $46K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $98K
Net-asset ratio
Net assets $98K · Total assets $98K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $98K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cindi White · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $46K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $46K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 0.2%
Fundraising cost ratio 12%
Revenue growth 161%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$49
Grants paid · 14 grants · $44K · 2020–2022
Unitemized GrantFY2022$6,500
Unitemized GrantFY2022$5,000
Unitemized GrantFY2022$4,822
Unitemized GrantFY2022$2,000
Unitemized GrantFY2022$1,000
Unitemized GrantFY2021$5,000
Unitemized GrantFY2021$4,000
Unitemized GrantFY2021$2,000
Unitemized GrantFY2021$1,000
Unitemized GrantFY2021$1,000
Unitemized GrantFY2021$500
Unitemized GrantFY2020$5,163
Unitemized GrantFY2020$4,000
Unitemized GrantFY2020$1,750

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$42K revenue · ⤓ 990 PDF
FY2023$63K revenue · ⤓ 990 PDF
FY2022$75K revenue · viewing · ⤓ 990 PDF
FY2021$29K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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