FOUNDATIONS INC

EIN: 521801849 501(c)(3)

MOUNT LAUREL, NJ

Total Revenue
$10,193,408
Total Expenses
$9,805,511
Total Assets
$6,074,197
Net Assets
$5,020,019
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
DE
Principal Officer
MICHAEL PIAZZA-SUGARMAN
Phone
8565331600
Tax Period
2023-09-01 to 2024-08-31

FOUNDATIONS INC, founded in 1992, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2023. Expenses of $9.8M left a modest 4% surplus.

Mission

FOUNDATIONS IS DEDICATED TO IMPROVING THE QUALITY OF EDUCATION FOR OUR NATION'S MOST VULNERABLE CHILDREN BY STRENGTHENING THE SKILLS OF EDUCATORS THROUGH PROFESSIONAL LEARNING. FOUNDATIONS, INC. IS A NOT-FOR-PROFIT EDUCATIONAL SERVICE ORGANIZATION COMMITTED TO BUILDING THE QUALITY OF EDUCATIONAL OPPORTUNITIES FOR CHILDREN, YOUTH, AND FAMILIES IN UNDERSERVED COMMUNITIES THROUGH WORK WITH PUBLIC CHARTER SCHOOLS, SCHOOL DISTRICTS, EDUCATION AND COMMUNITY-BASED ORGANIZATIONS, AND AFTERSCHOOL PROGRAM PROVIDERS. THE ORGANIZATION FOCUSES ON CAPACITY-BUILDING THROUGH PROFESSIONAL LEARNING, TECHNICAL ASSISTANCE, PROGRAM DEVELOPMENT, SUPPORTING TOOLS, AND SERVICES. THE ORGANIZATION RECEIVES ITS SUPPORT FROM VARIOUS SOURCES INCLUDING FOUNDATION GRANT PROGRAMS, GOVERNMENT GRANTS, PERFORMANCE CONTRACTS, PRODUCT SALES, CONTRIBUTIONS FROM FOUNDATIONS, AND CONFERENCE FEES.

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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 $3,265,677
Program Service Revenue $6,865,758
Investment Income $31,467
Other Revenue $30,506
TOTAL REVENUE $10,193,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,911,991
Fundraising Expenses $0
Program Expenses $9,045,787
Other Expenses $2,893,520
TOTAL EXPENSES $9,805,511

Year-over-Year Comparison

2023 2022 Change
Revenue $10,193,408 $10,390,477 0.0%
Expenses $9,805,511 $10,401,420 -0.1%
Net Income $387,897 $-10,943 -36.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
381
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
$799,006
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA ROMANO BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT S SCHWARTZ CHAIR EMERITUS 1.00
Director
$0 $0 $0
KC BURTON SECRETARY/TREASURER 1.00
Director
$0 $0 $0
CHARLES ENGLISH DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER FLEISHER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GADSBY DIRECTOR 1.00
Director
$0 $0 $0
JOSE GOMEZ DIRECTOR 1.00
Director
$0 $0 $0
JANET SAMUELS DIRECTOR 1.00
Director
$0 $0 $0
RHONDA H LAUER PRESIDENT AND CEO 40.00
Officer
$275,111 $14,801 $289,912
MICHAEL PIAZZA-SUGARMAN CHIEF FINANCIAL OFFICER 40.00
Officer
$187,258 $4,748 $192,006
SYLVIA LYLES CHIEF STRATEGIC PARTNERSHIPS & GRANTS OFFICER 40.00
Officer
$149,873 $0 $149,873
MARYELLEN GORODETZER CHIEF PROGRAM AND INNOVATION OFFICER 40.00
Officer
$144,944 $22,271 $167,215
RONALD GOLDSTEIN CHIEF OF OPERATIONS 40.00
Highest
$118,377 $29,746 $148,123
DAVID MCCONNELL EXEC. DIR., PROFESSIONAL LEARNING 40.00
Highest
$114,049 $9,433 $123,482
JASON WAUGH DIRECTOR, SPECIALIZED SERVICES 40.00
Highest
$103,610 $38,618 $142,228
SHEILA WALLIN PROJECT SPECIALIST 40.00
Highest
$101,278 $0 $101,278
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 $10,193,408 $9,805,511 $6,074,197 $387,897
2023 $10,390,477 $10,401,420 $6,134,784 $-10,943
2022 $9,086,807 $9,188,986 $5,648,195 $-102,179
2021 $8,202,165 $6,995,431 $5,587,294 $1,206,734
2020 $8,039,187 $7,159,461 $4,740,249 $879,726
2019 $7,886,671 $7,673,100 $3,413,913 $213,571
2018 $7,093,765 $6,758,242 $3,200,881 $335,523
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