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THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC

THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC

SALEM, NJ, US
•
501(c)(3)
•
EIN
47-1997891
•
WWW.FORMANSCHOLARS.ORG
•
Open for Solicitation
Private Foundation
Regional Funder
funder logo

THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC

SALEM, NJ, US
•
501(c)(3)
•
EIN
47-1997891
•
WWW.FORMANSCHOLARS.ORG
•
Open for Solicitation
Private Foundation
Regional Funder
Overview
Programs
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Income Statement
Balance Sheet
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Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$3,870,757

Other
98%
Investments
2%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$2,436,132

Grants
51%
Salaries & Benefits
31%
Other
11%
Fees to Service Providers
7%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$74,438
$91,154
+22%
Other
$4,599,846
$3,779,603
-18%
Total Revenues
$4,674,284
$3,870,757
-17%
Expenses
2023
2024
Change
Grants
$1,623,510
$1,235,798
-24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$824,809
$758,654
-8%
Fees to Service Providers
$181,482
$166,435
-8%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$401,066
$275,245
-31%
Total Expenses
$3,030,867
$2,436,132
-20%
Net income
2023
2024
Change
Net income
+$1,643,417
+$1,434,625
-13%
Income Statement
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