Foundation For Excellence in Higher Education

EIN: 461439784 501(c)(3) Philanthropy & Grantmaking

Princeton, NJ

Total Revenue
$7,290,829
Total Expenses
$9,825,103
Total Assets
$11,723,941
Net Assets
$4,269,173
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NJ
Principal Officer
Luis E Tellez
Phone
6096888779
Tax Period
2024-01-01 to 2024-12-31

Foundation For Excellence in Higher Education, founded in 2012, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $9.8M exceeded revenue, resulting in a 35% operating deficit.

Mission

ESTABLISHED IN 2012 AS AN INDEPENDENT, NON-PARTISAN, GRANT-MAKING ORGANIZATION, THE FOUNDATION FOR EXCELLENCE IN HIGHER EDUCATION, INC ("FEHE") FUNDS AND ADVISES PROGRAMS AT ELITE UNIVERSITIES WHERE THE NEXT GENERATION OF CULTURAL LEADERS ARE FORMED. WE ADVANCE OUR MISSION OF ACADEMIC AND CULTURAL RENEWAL BY BUILDING INTERNAL UNIVERSITY PROGRAMS SUPPORTED BY EXTERNAL INSTITUTES, FORMING EXCEPTIONAL STUDENTS IN CHARACTER AND VIRTUE THROUGH CLOSE MENTORSHIP AND INTELLECTUAL FRIENDSHIP, NETWORKING THESE STUDENTS WITH SELECT FACULTY, INDUSTRY LEADERS, AND WITH EACH OTHER, AND MULTIPLYING THEIR IMPACT ACROSS INDUSTRIES, GEOGRAPHIES, AND GENERATIONS.

Program Service Accomplishments

Program 1
Expenses: $9,441,513

In the 2023-24 academic year alone, our network sponsored 76 for-credit courses for almost 4,000 students, and hosted over 1,500 seminars, lectures, and conferences with over 26,000 attendees. FEHE...

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In the 2023-24 academic year alone, our network sponsored 76 for-credit courses for almost 4,000 students, and hosted over 1,500 seminars, lectures, and conferences with over 26,000 attendees. FEHE currently supports twenty-seven institutes and programs at fourteen elite universities. These programs are forming exceptional students through intellectual friendship, connecting them with each other, and positioning them at key points of cultural influence in academia, law, politics, business, media, finance, and medicine. FEHE's impact on elite universities and the broader culture is significant and growing. In the past five years alone, our grantees have reached approximately 112,000 students and young scholars through 5,800 events and 272 for-credit courses. The growth of each of these metrics (students and attendees up 44 percent; events up 50 percent; for-credit courses up 43 percent) demonstrates FEHE's success in advancing its goals of forming students and supporting the next generation of scholars and leaders.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,111,468
Program Service Revenue $0
Investment Income $179,361
Other Revenue $0
TOTAL REVENUE $7,290,829

Expense Breakdown

Grants Paid $9,160,574
Salaries & Benefits $0
Fundraising Expenses $210,279
Program Expenses $9,441,513
Other Expenses $664,529
TOTAL EXPENSES $9,825,103

Year-over-Year Comparison

2024 2023 Change
Revenue $7,290,829 $7,899,396 -0.1%
Expenses $9,825,103 $10,284,802 0.0%
Net Income $-2,534,274 $-2,385,406 +0.1%
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
8
Employees
N/A
Volunteers
8

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS HAGER CHAIRMAN 1.0
Officer Director
$0 $0 $0
LUIS TELLEZ PRESIDENT 30.0
Officer Director
$0 $0 $0
DONALD READLINGER SECRETARY 1.0
Officer Director
$0 $0 $0
G DAVID BEDNAR TRUSTEE 1.0
Director
$0 $0 $0
ROBERT GEORGE TRUSTEE 1.0
Director
$0 $0 $0
MYLES HARRINGTON TRUSTEE - FROM 06/2024 1.0
Director
$0 $0 $0
STEVEN JUSTICE TRUSTEE 1.0
Director
$0 $0 $0
BOYD SMITH TRUSTEE 1.0
Director
$0 $0 $0
THOMAS TRKLA TRUSTEE 1.0
Director
$0 $0 $0
KELLY HANLON DIRECTOR OF OPERATIONS 28.0
Officer
$0 $0 $0
JOHN DOHERTY ASST. TREASURER & Dir. Finance 18.0
Officer
$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
2025 No data No data No data No data
2024 $7,290,829 $9,825,103 $11,723,941 $-2,534,274
2023 $7,899,396 $10,284,802 $13,285,530 $-2,385,406
2023 $7,899,396 $10,284,802 $13,285,530 $-2,385,406
2022 $12,619,382 $8,866,364 $14,426,849 $3,753,018
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