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Afcea Educational Foundation

Tax-deductible

Wakefield, MA501(c)(3) EIN 52-1431942Revenue $156K in FY2025

On file with the IRSafceaboston.com201 Edgewater Dr 205, 01880-6202 · Wakefield, MATax-exempt since Oct 1984Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is dedicated to raising funds in order to provide Educational grants and scholarships to individuals wishing to pursue disciplines in the technological or scientific fields of study.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $7K a year · 4% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $149K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
173% of total assets
Concern: liabilities are 173% of assets; over 80%.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
-0.6% vs prior year
Spent
$164K
To programs
96%
Net assets
−$7K
By yearFY2020–FY2025
Revenue
$156K
FY2025▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$157K
FY2021$105K
FY2023$168K
FY2024$157K
FY2025$156K
Expenses
$164K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2023$147K
FY2024$149K
FY2025$164K
Net assets
−$7K
FY2025▼ -2944%
Tap a bar for its year
Net assets by fiscal year
FY2020$23K
FY2021$13K
FY2023−$7K
FY2024$262
FY2025−$7K

From the FY2025 Form 990 (year ending August 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $157K Management & general 4% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

33 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Michael Adams
Treasurer
$0Pt VII · Sec A
John Beatty
Board Member
$0Pt VII · Sec A
Mike Canavan
Board Member
$0Pt VII · Sec A
Michele Cimino
Board Member
$0Pt VII · Sec A
Col Bill Collins
Board Member
$0Pt VII · Sec A
Justin Collins
Board Member
$0Pt VII · Sec A
Ron Corsetti
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Afcea Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds educational grants and scholarships for technology and science students.

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Provided by the organization

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1 program · $157K · in their own filed words · FY2024
01

Issued fellowship awards to students pursuing scientific studies at individual amounts ranging between 1,500 and 3,000, as well as scholarship donations to various organizations supporting education for enlisted personnel.

$157Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Armed Forces Communications and Electronics AssociationFY2024$149K
Total grants receivedfrom 1 funder$149K
Grants paid · 9 grants · $421K · 2022–2024
Unitemized GrantFY2024$100,535
Veterans INCFY2024$25,000
McC FoundationFY2024$22,000
Unitemized GrantFY2023$89,900
Veterans INCFY2023$25,000
McC FoundationFY2023$23,000
Unitemized GrantFY2022$96,500
Veterans INCFY2022$25,000
McC FoundationFY2022$14,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$156K
Ln 12
Gifts and grantsLn 1h$149K
Other incomeLn 4–11$7K
Money outPt IX
$164K
Ln 25
Programscol B$157K
Managementcol C$7K
Owns and owesPt X
−$7K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$18K
PeoplePt VI, VII
33
listed · VII A
PaidVII A0
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$149K
Other incomeLn 4–11$7K
Total revenueLn 12$156K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$18K
Net assetsLn 32−$7K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$21K$10K
Total assetsLn 16$30K$10K
LiabilitiesLn 26$30K$18K
Net assetsLn 32$262−$7K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$56K$56K
Grants to domestic individualsLn 2$101K$101K
Accounting feesLn 11c$7K$7K
Other expenses (24a–d)Ln 24$253$253
Total functional expensesLn 25$164K$157K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $156K$164K−$8K−$7K 990 PDF
FY2024 $157K$149K$8K$262 990 PDF
FY2023 $168K$147K$20K−$7K 990 PDF
FY2022 Not on file
FY2021 $105K$13K 990 PDF
FY2020 $157K$23K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $156,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $151,228$149,256
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $5,704$6,747
I-12 Total revenuePrior year $156,932$156,003
I-13 Grants and similar amounts paidPrior year $142,900$156,613
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,330$7,103
I-18 Total expensesPrior year $149,230$163,716
I-19 Revenue less expensesPrior year $7,702−$7,713
Part VI · Governance 28 of 28 board members independent, 1 to look at
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $156,003 across 4 lines filed
VIII-1d Related organizations$149,256
VIII-1h Total contributions, gifts and grants$149,256
VIII-8 Net income from fundraising events$6,747
VIII-12 Total revenue$156,003
Part IX · Statement of functional expenses $163,716 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $56,078$56,078
IX-2 Grants to domestic individualsPrograms $100,535$100,535
IX-11c Accounting feesManagement $6,850$6,850
IX-24 Other expenses (24a–d)Management $253$253
IX-25 Total functional expensesPrograms $156,613 · Management $7,103 · Fundraising $0$163,716
Part X · Balance sheet $10,178 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $20,566$9,700
X-9 Prepaid expenses and deferred chargesStart of year $9,910$478
X-16 Total assetsStart of year $30,476$10,178
X-17 Accounts payable and accrued expensesStart of year $4,125$4,800
X-19 Deferred revenueStart of year $26,089$12,829
X-26 Total liabilitiesStart of year $30,214$17,629
X-32 Total net assets or fund balancesStart of year $262−$7,451
X-33 Total liabilities and net assetsStart of year $30,476$10,178
Part XI · Reconciliation of net assets −$7,451 net assets at year end
XI-1 Total revenue$156,003
XI-2 Total expenses$163,716
XI-3 Revenue less expenses−$7,713
XI-4 Net assets at start of year$262
XI-10 Net assets at end of year−$7,451

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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