Fairfield Education Foudnation
Nonprofit profile at a glance
- EIN
- 812776291
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Fairfield, NJ, USA
- Phone
- 8626842353
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $54,598
- Expenses
- $3,993
- Assets
- $55,676
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- ASHLI ANTONAKOS (CO-PRESIDENT)
- KRISTEN DEPATRIA (CO-PRESIDENT)
- LAUREN MATTALIANO (CO-VICE PRESIDENT)
- TYLER MASTERSON (CO-VICE PRESIDENT)
People named in this filing
- ASHLI ANTONAKOS (CO-PRESIDENT)
- KRISTEN DEPATRIA (CO-PRESIDENT)
- CINDY HALEN (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the foundation is to provide an on-going and centralized source of additional funds and resources to address the educational needs of students in the township of fairfield by securing resources from individuals, corporations, community organizations, and foundations, and to distribute those resources in accordance with funding criteria established by the foundation.
What it reported doing in 2024
Fef will work to enhance the quality of education and educational opportunities. As well as to generate and distribute financial and other resources for the benefit of the students in the township of fairfield for selected programs and projects.the foundation will carry out its mission by focusing its support in the following areas: facilitate student developmentprovide funds for learning activities that supplement, complement, and augment the basic educational programprovide equipment, facilities, and material not funded through other meansencourage excellence through creative learning and teachingprovide venture capital for creative ideas and programssupport professional growth of staffpromote community/school partnershipspromote community awareness of educational challenges and solutionsfoster the development of alumni relationsprovide a vehicle through which individuals, businesses and organizations may share the resources and gifts with the fairfield school district
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 82
- Sustainability: 89
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 4.8%; rating input score 5
- Program expense ratio: 65.5%; rating input score 65
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 92.7%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 13.94; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 4.8% of revenue deployed · 65.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 5/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.