THE FREDERICK E HART FOUNDATION FOR EDUCATIONAL OPPORTUNITY

EIN: 820988351 501(c)(3) Education

CHEVY CHASE, MD

Total Revenue
$109,389
Total Expenses
$84,653
Total Assets
$57,411
Net Assets
$57,411
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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
2017
Legal Domicile
VA
Principal Officer
FREDERICK LAIN HART
Phone
7032182131
Tax Period
2021-01-01 to 2021-12-31

THE FREDERICK E HART FOUNDATION FOR EDUCATIONAL OPPORTUNITY, founded in 2017, is a small nonprofit in the Education sector that reported $109K in total revenue in fiscal year 2021. The organization ran a surplus of $25K, a strong 23% operating margin.

Mission

THE ORGANIZATION'S CHARITABLE MISSION IS TO PROVIDE FUNDS FOR EDUCATION, PARTICULARLY TO THE DISADVANTAGED, MENTALLY-CHALLENGED, AND/OR STUDENTS WITH ENGLISH AS A SECOND LANGUAGE. SPECIFICALLY, THE ORGANIZATION WILL PROVIDE FUNDS FOR EFFECTIVE EDUCATIONAL EXPERIENCES TO FOSTER ACADEMIC SUCCESS AND THE BASIC DEVELOPMENTAL NEEDS OF THE INDIVIDUAL STUDENT.

Program Service Accomplishments

Program 1
Expenses: $59,456

SCHOLARSHIP FUNDING

Program 2
Expenses: $3,535

YOUTH SCIENCE EDUCATIONAL FUNDING

Program 3
Expenses: $4,821

ARTS AND SOCIAL JUSTICE EDUCATIONAL PROGRAMMING

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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 (2021)

Revenue Breakdown

Contributions & Grants $98,078
Program Service Revenue $0
Investment Income $11,311
Other Revenue $0
TOTAL REVENUE $109,389

Expense Breakdown

Grants Paid $21,100
Salaries & Benefits $58,390
Fundraising Expenses $0
Program Expenses $67,812
Other Expenses $5,163
TOTAL EXPENSES $84,653

Year-over-Year Comparison

2021 2020 Change
Revenue $109,389 N/A N/A
Expenses $84,653 N/A N/A
Net Income $24,736 $0 N/A
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
2
Independent Members
N/A
Employees
1
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
2
$54,000
Total Directors
2
$54,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDY HART DIRECTOR 1.00
Officer Director
$0 $0 $0
FREDERICK E HART EXECUTIVE DIRECTOR 11.00
Officer Director
$54,000 $0 $54,000
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 $109,389 $84,653 $57,411 $24,736
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