THE FOUNDATION FOR ENGINEERING EDUCATION INC

EIN: 141795649 501(c)(3) Community Improvement

ALBANY, NY

Total Revenue
$144,676
Total Expenses
$109,157
Total Assets
$519,971
Net Assets
$519,749
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
LAURA M PELLIZZI
Phone
5182837490
Tax Period
2022-10-01 to 2023-09-30

THE FOUNDATION FOR ENGINEERING EDUCATION INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $145K in total revenue in fiscal year 2022. The organization ran a surplus of $36K, a strong 25% operating margin.

Mission

THE FOUNDATION WAS FORMED TO ENCOURAGE AND PRESERVE THE PROFESSION OF ENGINEERING AS A CAREER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $20,090
Program Service Revenue $106,072
Investment Income $15,676
Other Revenue $2,838
TOTAL REVENUE $144,676

Expense Breakdown

Grants Paid $57,348
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $109,157
Other Expenses $51,809
TOTAL EXPENSES $109,157

Year-over-Year Comparison

2022 2021 Change
Revenue $144,676 N/A N/A
Expenses $109,157 N/A N/A
Net Income $35,519 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA M PELLIZZI PE PRESIDENT/SECRETARY 2.00
Officer Director
$0 $0 $0
MALCOLM MCLAREN PE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
PETER KRUMDIECK PE TREASURER 2.00
Officer Director
$0 $0 $0
MARC A CHIFFERT PE DIRECTOR 1.00
Director
$0 $0 $0
LARRY O'CONNOR PE DIRECTOR 1.00
Director
$0 $0 $0
MARK RITTER PE DIRECTOR 1.00
Director
$0 $0 $0
DAVE ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
AL BRAND DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH PASATURO IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $144,676 $109,157 $519,971 $35,519
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