Fellowship Educational Foundation INC EIN 65-1218696 Form 990 (PDF) Claim this org

Fellowship Educational Foundation INC

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Educates children in a loving, Christian environment, fostering academic excellence and social responsibility. For fiscal year 2024 it reported $5.7M in revenue, $5.2M in expenses, and $657K in net assets.Pt I

Founded
2004
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Palm Beach Gardens, FL
Website
www.tcspbg.org
Filings
4 on file (2021–2024)
Revenue
$5.7MFY2024
Expenses
$5.2M
Net assets
$657K
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  65-1218696 Public foundation / grantmaker Palm Beach Gardens, FL Founded 2004
Form 990 (PDF)
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Figures match the IRS filing checked 8/22/26 · see original: IRS
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Size
$1–10M
What they do
Educates children in a loving, Christian environment, fostering academic excellence and social responsibility.
Leadership
Janine Swearingin · Head of School · $127K
Money in and out
$5.7M revenue, $5.2M expenses
Bottom line
75% program efficiency
Grants paid & assets · FY2024
Total revenue
$5.7M
Pt VIII · Ln 12
Total expenses
$5.2M
Pt IX · Ln 25
Net assets
$657K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $474K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▲ +90% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ +148% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$5.7M
FY2024▲ +4%
Expenses
$5.2M
FY2024▼ -19%
Total assets
$1.3M
FY2024▲ +42%
Total liabilities
$618K
FY2024▼ -14%
Total revenue
$5.7M
Pt VIII · Ln 12
Total expenses
$5.2M
Pt IX · Ln 25
Net assets
$657K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$474K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFellowship Educational Foundation INC
EINHdr · item D65-1218696
Principal addressHdr · item CPalm Beach Gardens, FL
WebsiteHdr · item Jwww.tcspbg.org
Year of formationHdr · item L2004
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJun 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Head of School
$126,982Pt VII · Sec A
Former Head of School
$105,486Pt VII · Sec A
Chairman & Director
$0Pt VII · Sec A
President & Director
$0Pt VII · Sec A
Vice Chairman/Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Janine Swearingin’s $127K as Head of School is at the 52nd percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Janine Swearingin$126,982
Vernita Martial$108,468$99,431$57,460
Vernita Martial$105,486
Janine Swearingin$10,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $3.9M of program spending, described in the organization's own filed words · FY2024.
01

Trinity christian school of palm beach gardens provides christian education that shares christ's word in a loving, family-oriented environment and that nurtures academic excellence, enhances self-esteem, and builds social responsibility for the complete development of each child as a unique creation of god.

$3.9Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$5.3M · 94%
Contributions & grants$156K · 3%
Other revenue$197K · 3%
Program service revenue94%$5.3M
Contributions & grants3%$156K
Other revenue3%$197K
Investment income$6K
— government grantsLn 1e$10K
Total revenueLn 12$5.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$3.9M
Management & general25%$1.3M
Total functional expensesLn 25$5.2M

Balance Sheet

Part X · end of year
CashLn 1$829K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$618K
Total net assetsLn 32$657K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $829K · Operating expenses/yr $5.2M
1.9 months
Where the money goes
Program services
Program services $3.9M · Total expenses $5.2M
75%
Management & General
Management & general $1.3M · Total expenses $5.2M
25%
Fundraising
Fundraising $0 · Total expenses $5.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $172K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $156K · Total revenue $5.7M
3%
Government reliance
Government grants $10K · Total revenue $5.7M
0.2%
Earned-income share
Program service revenue $5.3M · Total revenue $5.7M
94%
Investment reliance
Investment income $6K · Total revenue $5.7M
+0.1%
Program self-sufficiency
Program service revenue $5.3M · Total expenses $5.2M
102%
Growth & trend
Revenue growth (YoY)
This year $5.7M · Prior year $5.4M
+4%
Revenue CAGR
FY2020 $555K · FY2024 $5.7M
+79%
Net-asset trend (YoY)
End of year $657K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.7M · Expenses $5.2M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $657K · Total assets $1.3M
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Janine Swearingin · Reported title HEAD OF SCHOOL · Highest reported compensation $127K · Total expenses $5.2M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.4M · Total expenses $5.2M
66%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Revenue growth 4%

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 · this organization's grantmaking
Grants paid · 12 grants · $3.7M · 2021–2024
Unitemized GrantFY2024$329,319
Unitemized GrantFY2024$56,500
Unitemized GrantFY2024$47,059
Unitemized GrantFY2023$257,992
Unitemized GrantFY2023$62,000
Unitemized GrantFY2022$725,781
Unitemized GrantFY2022$533,819
Unitemized GrantFY2022$208,273
Unitemized GrantFY2022$58,750
Unitemized GrantFY2022$32,382
Unitemized GrantFY2021$1,245,241
Unitemized GrantFY2021$191,132

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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$5.4M revenue · ⤓ 990 PDF
FY2023$6.3M revenue · ⤓ 990 PDF
FY2022$5.3M revenue · ⤓ 990 PDF
FY2021$555K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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