SPARTA EDUCATION FOUNDATION (A NJ … - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

JILLIAN PALLESCHI

Phone

8009057331

Tax Period

2024-01-01 to 2024-12-31

SPARTA EDUCATION FOUNDATION (A NJ NONPROFIT CORPORATION), founded in 2006, is a small nonprofit in the Education sector that reported $128K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $53K, a strong 42% operating margin.

Mission

TO RAISE FUNDS THAT WILL ENABLE THE SPARTA EDUCATION FOUNDATION TO MAKE ONGOING CONTRIBUTIONS THAT ENRICH THE EDUCATIONAL EXPERIENCE OF THE CHILDREN IN THE SPARTA PUBLIC SCHOOLS. TO PROMOTE PRIDE AND POSITIVE AWARENESS IN THE SPARTA PUBLIC SCHOOLS. ENGAGE THE ENTIRE COMMUNITY IN PHILANTHROPIC GIVING THAT STRENGTHENS OUR PUBLIC SCHOOLS AND SUPPPORTS OUR TEACHERS AND INSPIRES OUR STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $22,544

THE PURPOSE OF THIS GRANT WAS TO PROVIDE FUNDS FOR FLEXIBLE SEATING AT ALPINE ELEMENTARY SCHOOL, LOCATED IN SPARTA NEW JERSEY, FOR THE STUDENTS. THE FLEXIBLE SEATING HELPS SUPPORT SMALL GROUP...

THE PURPOSE OF THIS GRANT WAS TO PROVIDE FUNDS FOR FLEXIBLE SEATING AT ALPINE ELEMENTARY SCHOOL, LOCATED IN SPARTA NEW JERSEY, FOR THE STUDENTS. THE FLEXIBLE SEATING HELPS SUPPORT SMALL GROUP INSTRUCTIONS AND STUDENT LED CENTER TIME OF WHICH THE GOALS ARE TO EMPOWER STUDENTS TO HAVE GREAT CONTROL OF THE LEARNING ENVIRONMENT AND ENCOURAGE GREATER MOBILITY AMOUNG THE STUDENT POPULATION.

Program 2

Expenses: $22,008

THIS GRANT PROVIDED FUNDS FOR THE PURCHASE OF 39 IPADS, 39 PROTECTIVE CASES, 27 IPAD KEYBOARDS AND 24 DASH ROBOTS FOR THE APLINE ELEMENTRY SCHOOL, THE MOHAWK AVENUE SCHOOL, AND HELEN MORGAN...

THIS GRANT PROVIDED FUNDS FOR THE PURCHASE OF 39 IPADS, 39 PROTECTIVE CASES, 27 IPAD KEYBOARDS AND 24 DASH ROBOTS FOR THE APLINE ELEMENTRY SCHOOL, THE MOHAWK AVENUE SCHOOL, AND HELEN MORGAN ELEMENTARY SCHOOL (ALL LOCATED IN SPARTA NEW JERSEY). THE PURPOSE OF THE GRANT WAS TO ADDRESS THE NEED TO UPDATE ROBOTICS EQUIPMENT.

Program 3

Expenses: $5,611

THIS GRANT PROVIDED FUNDS FOR BROADCAST EQUIPMENT FOR THE SMS BROADCAST CLUB AT THE SPARTA MIDDLE SCHOOL. THIS ALLOWS THE SMS BROADCAST CLUB TO CREATE NEWSCASTS, SLIDE PRESENTATIONS,AND PERMANENT...

THIS GRANT PROVIDED FUNDS FOR BROADCAST EQUIPMENT FOR THE SMS BROADCAST CLUB AT THE SPARTA MIDDLE SCHOOL. THIS ALLOWS THE SMS BROADCAST CLUB TO CREATE NEWSCASTS, SLIDE PRESENTATIONS,AND PERMANENT INFORMATION FOR THE STUDENTS AND STAFF.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,342

Program Service Revenue $0

Investment Income $35

Other Revenue $126,863

TOTAL REVENUE $128,240

Expense Breakdown

Grants Paid $59,857

Salaries & Benefits $0

Fundraising Expenses $2,065

Program Expenses $59,857

Other Expenses $14,901

TOTAL EXPENSES $74,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,240	$117,564	+0.1%
Expenses	$74,758	$177,381	-0.6%
Net Income	$53,482	$-59,817	-1.9%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER EGLI	PRESIDENT	15.00	Officer Director	$0	$0	$0
JILL PALLESCHI	VICE PRESIDENT AND ACTING	15.00	Officer Director	$0	$0	$0
KIMBERLY NOEL	SECRETARY	15.00	Officer Director	$0	$0	$0
PAMELA MILLER	TRUSTEE	5.00	Director	$0	$0	$0
MEGHAN JENT	TRUSTEE	5.00	Director	$0	$0	$0
HEIDI BYRNE	TRUSTEE	5.00	Director	$0	$0	$0
LISA MORANO	TRUSTEE	5.00	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	$128,240	$74,758	$222,756	$53,482
2023	$117,564	$177,381	$169,274	$-59,817
2022	$122,206	$94,511	$229,091	$27,695
2021	$89,305	$27,397	$201,396	$61,908
2020	$41,364	$77,074	$139,488	$-35,710
2019	$116,454	$58,592	$175,198	$57,862
2018	$118,511	$139,593	$117,336	$-21,082

SPARTA EDUCATION FOUNDATION (A NJ NONPROFIT CORPORATION)