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)

4 risk indicators measuring financial stability and operational resilience

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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

FEHE Funds and advises programs at elite universities where the next generation of cultural leaders are formed.

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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
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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