FUNDUCATION INC

EIN: 834704098 501(c)(3) Youth Development

Lakewood Ranch, FL

Total Revenue
$184,475
Total Expenses
$188,035
Total Assets
$451,701
Net Assets
$451,701
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
Neirda Thompson-Pemberton
Phone
9412815813
Tax Period
2024-01-01 to 2024-12-31

FUNDUCATION INC, founded in 2019, is a small nonprofit in the Youth Development sector that reported $184K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Net assets of $452K represent 29 months of operating reserves.

Mission

To Expose, Engage, and Empower youth to be the Innovators of Tomorrow through education in Science Technology, Engineering, Arts and Mathematics.

Program Service Accomplishments

Program 1
Expenses: $21,596 Revenue: $51,560

Targets youth enrolled in AMIKids programs who may be struggling academically, disengaged from traditional learning environments, or at risk of negative outcomes. Approximately 40 students were...

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Targets youth enrolled in AMIKids programs who may be struggling academically, disengaged from traditional learning environments, or at risk of negative outcomes. Approximately 40 students were exposed to experiential learning with a focus on making Science, Technology, Engineering, Arts, and Mathematics (STEAM) concepts accessible and enjoyable through Robotics, Drones, Digital Literacy, and Gaming in 2024. The programs success is measured through student participation, engagement levels, academic progress (where applicable), and qualitative feedback from students and staff.

Program 2
Expenses: $18,258 Revenue: $39,750

The Jacobs Robotics program is the use of funds to host FUNducation based STEAM programs sponsored by Jacobs solutions. This included FUNeducation Math Programs, Robotics programs for grades K-12...

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The Jacobs Robotics program is the use of funds to host FUNducation based STEAM programs sponsored by Jacobs solutions. This included FUNeducation Math Programs, Robotics programs for grades K-12, Engineers Week 2024 activities and supplies. Approximately 200 students were impacted by this program.

Program 3
Expenses: $11,849 Revenue: $13,026

The Selby Foundation grant support programming and materials at Emma E. Booker Elementary School. Approximately 50 students were engaged in Engineering, 3D printing,Robotics and Virtual Reality.

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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 $74,844
Program Service Revenue $105,520
Investment Income $3,616
Other Revenue $495
TOTAL REVENUE $184,475

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,598
Fundraising Expenses $0
Program Expenses $63,719
Other Expenses $87,437
TOTAL EXPENSES $188,035

Year-over-Year Comparison

2024 2023 Change
Revenue $184,475 $321,131 -0.4%
Expenses $188,035 $148,099 +0.3%
Net Income $-3,560 $173,032 -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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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
25

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
4
$0
Total Directors
6
$0
Key Employees
1
$93,449
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Neirda Thompson-Pemberton Founder/CEO/Executive Director 40.00
Key Emp
$93,449 $0 $93,449
Donald Blackman Board Chair 5.00
Officer Director
$0 $0 $0
Brianna Pompilus Secretary 5.00
Officer Director
$0 $0 $0
Jason Krykwo Board Vice-Chair 5.00
Officer Director
$0 $0 $0
Dr Jennifer Blessing Board Member 5.00
Director
$0 $0 $0
Louis Redmon Treasurer 5.00
Officer Director
$0 $0 $0
Franklin Walker Board Member at Large 5.00
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 $184,475 $188,035 $451,701 $-3,560
2023 $321,131 $148,099 $455,871 $173,032
2022 $297,188 $98,969 $282,739 $198,219
2020 $61,053 $6,729 $55,096 $54,324
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