FOUNDATION FOR APPLIED TECHNICAL EDUCATION INC

EIN: 540896119 501(c)(3)

FAIRFAX, VA

Total Revenue
$339,906
Total Expenses
$360,983
Total Assets
$3,969,602
Net Assets
$2,167,089
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
VA
Principal Officer
NATALIE R ANZZOLIN
Phone
5714234595
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR APPLIED TECHNICAL EDUCATION INC, founded in 1971, is a small nonprofit that reported $155K in total revenue in fiscal year 2020. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 62% operating deficit.

Mission

PROMOTING TECHNICAL AND VOCATIONAL EDUCATION THROUGH THE PUBLIC SCHOOL SYSTEM OF FAIRFAX COUNTY, VIRGINIA. ITS MOST SIGNIFICANT ACTIVITIES FOR THE YEAR WERE ITS STUDENT RESIDENTIAL CONSTRUCTION PROJECT IN SPRINGFIELD, VIRGINIA, ITS STUDENT AUTO SALES PROGRAM IN WHICH STUDENTS WERE PROVIDED WITH TRAINING OPPORTUNITIES IN AUTOMOTIVE TECHNOLOGY AND AUTOMOTIVE COLLISION SERVICE AND ITS SCHOLARSHIP PROGRAM.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $300,211
Program Service Revenue $0
Investment Income $71,090
Other Revenue $-31,395
TOTAL REVENUE $339,906

Expense Breakdown

Grants Paid $224,813
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $264,358
Other Expenses $136,170
TOTAL EXPENSES $360,983

Year-over-Year Comparison

2024 2023 Change
Revenue $339,906 $421,691 -0.2%
Expenses $360,983 $401,597 -0.1%
Net Income $-21,077 $20,094 -2.0%
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
12
Independent Members
12
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD JOHNSON PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN ALTMAN VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
NATALIE ANZZOLIN SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL R KIEFFER BOARD COUNSEL 1.00
Director
$0 $0 $0
JOSEPH DESIO DIRECTOR 0.30
Director
$0 $0 $0
JULIE HOLMES DIRECTOR 0.30
Director
$0 $0 $0
KYLE KRATZER DIRECTOR 0.30
Director
$0 $0 $0
KAYVAN JABOORI DIRECTOR 0.30
Director
$0 $0 $0
KRITI RANI RAO DIRECTOR 0.30
Director
$0 $0 $0
MATT SEVERANCE DIRECTOR 0.30
Director
$0 $0 $0
STAN STEWART DIRECTOR 0.30
Director
$0 $0 $0
TERESE WILSON DIRECTOR 0.30
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
2025 $339,906 $360,983 $3,969,602 $-21,077
2024 $421,691 $401,597 $4,041,801 $20,094
2023 $589,231 $466,266 $3,942,324 $122,965
2022 $512,070 $431,818 $3,659,296 $80,252
2021 $154,639 $251,125 $3,500,754 $-96,486
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