1EDTECH FOUNDATION

EIN: 831489371 501(c)(3) Community Improvement

BURLINGTON, MA

Total Revenue
$220,709
Total Expenses
$221,049
Total Assets
$125,722
Net Assets
$20,015
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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
2018
Legal Domicile
DE
Principal Officer
CURTISS BARNES
Phone
4073627783
Tax Period
2023-01-01 to 2023-12-31

1EDTECH FOUNDATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 207% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SUPPORT AND OTHER ASSISTANCE TO ITS AFFILIATED ORGANIZATION, 1EDTECH CONSORTIUM, INC.

Program Service Accomplishments

Program 1
Expenses: $220,709 Revenue: $220,709

TO PROVIDE SUPPORT AND OTHER ASSISTANCE TO ITS AFFILIATED ORGANIZATION, 1EDTECH CONSORTIUM INC.

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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 $220,709
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $220,709

Expense Breakdown

Grants Paid $116,209
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $220,709
Other Expenses $104,840
TOTAL EXPENSES $221,049

Year-over-Year Comparison

2023 2022 Change
Revenue $220,709 $71,791 +2.1%
Expenses $221,049 $71,983 +2.1%
Net Income $-340 $-192 +0.8%
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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
$398,371
Total Directors
3
$398,371
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT J ABEL CEO (PRESIDENT OF THE BOARD) 0.50
Officer Director
$0 $32,611 $398,371
LENNY SCHAD DIRECTOR 0.50
Director
$0 $0 $0
RICK JOHNSON DIRECTOR 0.50
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
2024 No data No data No data No data
2023 $220,709 $221,049 $125,722 $-340
2022 $71,791 $71,983 $306,425 $-192
2021 $142,500 $213,631 $161,617 $-71,131
2020 $517,500 $424,283 $210,148 $93,217
2019 $220,200 $221,072 No data $-872
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