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Foundation for Educational Development INC

Tax-deductible

Baltimore, MD501(c)(3)Education EIN 52-1929345Revenue $480K in FY2025

On file with the IRS729 East Pratt Street, 21202-3341 · Baltimore, MDTax-exempt since Oct 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Educational Seminars in STEM for Disadvantaged Youth

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 6
filings with a surplus
Average surplus $62K a year · 18% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $60K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$480K
+4% vs prior year
Spent
$699K
To programs
73%
Net assets
$516K
By yearFY2020–FY2025
Revenue
$480K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$337K
FY2021$108K
FY2022$447K
FY2023$255K
FY2024$462K
FY2025$480K
Expenses
$699K
FY2025▲ +230%
Tap a bar for its year
Expenses by fiscal year
FY2020$83K
FY2021$116K
FY2022$362K
FY2023$244K
FY2024$212K
FY2025$699K
Net assets
$516K
FY2025▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$395K
FY2021$387K
FY2022$472K
FY2023$484K
FY2024$735K
FY2025$516K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1995.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $513K Management & general 27% · $186K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Gwenneth Ferraro
Board Member
$0Pt VII · Sec A
Jem Pagan
Board Member
$0Pt VII · Sec A
See Foundation for Educational Development INC 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

Provides STEM education and seminars to underserved young people.

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Provided by the organization

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3 programs · $513K · in their own filed words · FY2025
01

Enroll students in the Black Engineer of the Year STEM Conference; provide transportation for these students to attend STEM Conference.

$460Kprogram expense
02

Fund Technology Awareness Programs including pre-college program expense; program development fees & supplies.

$41Kprogram expense
03

Donations to non profit entities for supporting technology awareness education for pre-college students. LMCO HBCU Scholarships

$12Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
T Rowe Price Program for Charitable Giving INCFY2025$45K
The Ayco Charitable FoundationFY2025$15K
Total grants receivedfrom 2 funders$60K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$480K
Ln 12
Gifts and grantsLn 1h$480K
Money outPt IX
$699K
Ln 25
Programscol B$513K
Managementcol C$186K
Owns and owesPt X
$516K
net assets · Ln 32
Cash and savingsLn 1–2$490K
Total assetsLn 16$516K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$480K
Total revenueLn 12$480K
Assets in detailPt X, end of year
CashLn 1$490K
Cash and savings togetherLn 1–2$490K
Total assetsLn 16$516K
LiabilitiesLn 26$0
Net assetsLn 32$516K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$735K$490K
Total assetsLn 16$735K$516K
LiabilitiesLn 26$0$0
Net assetsLn 32$735K$516K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Legal feesLn 11b$128K$0$128K$0
Office expensesLn 13$4K$0$4K$0
OccupancyLn 16$19K$0$19K$0
Depreciation, depletion and amortizationLn 22$28K$0$28K$0
Other expenses (24a–d)Ln 24$501K$501K$0$0
All other expensesLn 24e$6K$0$6K$0
Total functional expensesLn 25$699K$513K$186K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $480K$699K−$219K$516K 990 PDF
FY2024 $462K$212K$251K$735K 990 PDF
FY2023 $255K$244K$12K$484K 990 PDF
FY2022 $447K$362K$86K$472K 990 PDF
FY2021 $108K$116K−$8K$387K 990 PDF
FY2020 $337K$83K$254K$395K 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 $479,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $462,275$479,712
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $462,275$479,712
I-13 Grants and similar amounts paidPrior year $18,722$12,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $192,797$687,051
I-18 Total expensesPrior year $211,519$699,051
I-19 Revenue less expensesPrior year $250,756−$219,339
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $479,712 across 3 lines filed
VIII-1f All other contributions, gifts and grants$479,712
VIII-1h Total contributions, gifts and grants$479,712
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$479,712
Part IX · Statement of functional expenses $699,051 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $12,000$12,000
IX-11b Legal feesPrograms $0 · Management $128,450 · Fundraising $0$128,450
IX-13 Office expensesPrograms $0 · Management $4,220 · Fundraising $0$4,220
IX-16 OccupancyPrograms $0 · Management $19,449 · Fundraising $0$19,449
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $27,769 · Fundraising $0$27,769
IX-24 Other expenses (24a–d)Programs $500,782 · Management $0 · Fundraising $0$500,782
IX-24e All other expensesPrograms $0 · Management $6,381 · Fundraising $0$6,381
IX-25 Total functional expensesPrograms $512,782 · Management $186,269 · Fundraising $0$699,051
Part X · Balance sheet $515,696 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $734,732$490,394
X-4 Accounts receivableStart of year $303$25,302
X-16 Total assetsStart of year $735,035$515,696
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $735,035$515,696
X-33 Total liabilities and net assetsStart of year $735,035$515,696
Part XI · Reconciliation of net assets $515,696 net assets at year end
XI-1 Total revenue$479,712
XI-2 Total expenses$699,051
XI-3 Revenue less expenses−$219,339
XI-4 Net assets at start of year$735,035
XI-10 Net assets at end of year$515,696

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

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