Frederick East Classical Inc

EIN: 815289684 501(c)(3) Education

Walkersville, MD

Total Revenue
$124,155
Total Expenses
$126,307
Total Assets
$42,429
Net Assets
$42,429
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MD
Phone
2402859484
Tax Period
2024-01-01 to 2024-12-31

Frederick East Classical Inc, founded in 2017, is a small nonprofit in the Education sector that reported $124K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

FEC provides educational opportunities for homeschooled kids in a 4-state area. We provide teacher resources for tutoring and teaching. Students may attend our classes up to two days a week and then work at home on the other days. Our programs go from PK-12th grade.

Program Service Accomplishments

Program 1
Expenses: $127,389 Revenue: $124,155

This co-op provides classes in Latin Math Science Grammar and Writing Tutors provide weekly instruction on Mondays and Wednesdays and families are provided at home assignments to be completed on...

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This co-op provides classes in Latin Math Science Grammar and Writing Tutors provide weekly instruction on Mondays and Wednesdays and families are provided at home assignments to be completed on Tuesdays Thursdays and Fridays.

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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 $0
Program Service Revenue $124,155
Investment Income $0
Other Revenue $0
TOTAL REVENUE $124,155

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,447
Fundraising Expenses $0
Program Expenses $127,389
Other Expenses $61,860
TOTAL EXPENSES $126,307

Year-over-Year Comparison

2024 2023 Change
Revenue $124,155 $137,570 -0.1%
Expenses $126,307 N/A N/A
Net Income $-2,152 $137,570 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
21
Volunteers
N/A

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
0
$0
Total Directors
0
$0
Key Employees
5
$42,548
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ruth Allen Executive Director & Tutor 20
Key Emp
$6,659 $0 $6,659
Steve E Boucher Board Chair & Tutor 20
Key Emp
$6,625 $0 $6,625
Renee Denny Office Administrator & Tutor 20
Key Emp
$7,667 $0 $7,667
Kelly Wheeler Executive Director & Tutor 25
Key Emp
$18,094 $0 $18,094
Tina Hare Office Administrator 16
Key Emp
$3,503 $0 $3,503
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 $124,155 $126,307 $42,429 $-2,152
2023 $137,570 $144,152 $42,429 $-6,582
2022 $119,068 $98,414 $48,502 $20,654
2021 $261,967 $236,179 $101,249 $25,788
2021 $261,967 $236,179 $101,249 $25,788
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