BIC EDUCATIONAL FOUNDATION

EIN: 521115933 501(c)(3) Education

ELKRIDGE, MD

Total Revenue
$179,367
Total Expenses
$481,081
Total Assets
$14,525,331
Net Assets
$14,031,331
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MD
Principal Officer
HAROLD GRAUL
Phone
4103408039
Tax Period
2020-07-01 to 2021-06-30

BIC EDUCATIONAL FOUNDATION, founded in 1978, is a small nonprofit in the Education sector that reported $179K in total revenue in fiscal year 2020. Revenue decreased 10% compared to the prior year. Expenses of $481K exceeded revenue, resulting in a 168% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN THE HOSPITALITY INDUSTRY AND TO FOSTER DEVELOPMENT OF CAREERS IN THE HOSPITALITY INDUSTRY THROUGH GRANTS AND SPONSORSHIPS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $179,367
Other Revenue $0
TOTAL REVENUE $179,367

Expense Breakdown

Grants Paid $236,476
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $481,081
Other Expenses $244,605
TOTAL EXPENSES $481,081

Year-over-Year Comparison

2020 2019 Change
Revenue $179,367 $198,634 -0.1%
Expenses $481,081 $679,811 -0.3%
Net Income $-301,714 $-481,177 -0.4%
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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STUART AMOS TRUSTEE 1
Director
$0 $0 $0
PAUL SAVAL TRUSTEE 1
Director
$0 $0 $0
RICHARD ROE TRUSTEE 1
Director
$0 $0 $0
HAROLD GRAUL CHAIRMAN 1
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
2021 $179,367 $481,081 $14,525,331 $-301,714
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