FUND FOR EDUCATION ABROAD

EIN: 263041520 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$692,055
Total Expenses
$804,710
Total Assets
$1,769,189
Net Assets
$1,644,159
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
DC
Principal Officer
ANGELA SCHAFFER
Phone
2023497340
Tax Period
2023-01-01 to 2023-12-31

FUND FOR EDUCATION ABROAD, founded in 2008, is a small nonprofit in the Education sector that reported $692K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $805K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE STUDY ABROAD SCHOLARSHIPS AND ONGOING SUPPORT TO U.S. COLLEGE STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $604,733
Program Service Revenue $93,125
Investment Income $2,839
Other Revenue $-8,642
TOTAL REVENUE $692,055

Expense Breakdown

Grants Paid $615,555
Salaries & Benefits $3,420
Fundraising Expenses $35,298
Program Expenses $648,893
Other Expenses $185,735
TOTAL EXPENSES $804,710

Year-over-Year Comparison

2023 2022 Change
Revenue $692,055 $628,099 +0.1%
Expenses $804,710 $854,445 -0.1%
Net Income $-112,655 $-226,346 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
200

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
6
$122,087
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA SCHAFFER EXECUTIVE DIRECTOR 40.00
Officer
$114,471 $7,616 $122,087
KATE SIMPSON ATA PRESIDENT FINANCE DIRECTOR 5.00
Officer
$0 $0 $0
MARK LENHART CET EXEC DIR CHAIRMAN 5.00
Officer Director
$0 $0 $0
AMAR REWARI VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
TONIJA HOPE SECRETARY 2.00
Officer Director
$0 $0 $0
MITZI SHORT TREASURER 1.00
Officer Director
$0 $0 $0
CYNTHIA BANKS TRUSTEE 1.00
Director
$0 $0 $0
JOHN CHRISTIAN TRUSTEE 1.00
Director
$0 $0 $0
ERRICK GREENE TRUSTEE 1.00
Director
$0 $0 $0
GAIL GUGEL TRUSTEE 1.00
Director
$0 $0 $0
SARAH JEFFRIES TRUSTEE 1.00
Director
$0 $0 $0
JAN KIELING TRUSTEE 1.00
Director
$0 $0 $0
BRAD STEPAN TRUSTEE 1.00
Director
$0 $0 $0
ELLEN YUI TRUSTEE 1.00
Director
$0 $0 $0
DANELLE RADNEY TRUSTEE 1.00
Director
$0 $0 $0
KESHIA ABRAHAM TRUSTEE 1.00
Director
$0 $0 $0
DEREK LUNA TRUSTEE 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 $692,055 $804,710 $1,769,189 $-112,655
2022 $628,099 $854,445 $1,884,977 $-226,346
2021 $556,849 $492,897 $2,611,467 $63,952
2020 $327,928 $329,956 $2,646,312 $-2,028
2019 $1,336,271 $538,015 $2,626,206 $798,256
2018 $1,685,430 $432,800 $1,728,925 $1,252,630
2018 $1,035,430 $432,800 $1,078,925 $602,630
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