Nonprofit · EIN 47-5130557
FOUNDATIONS IN EDUCATION INC
Also known as FOUNDATIONS IN EDUCATION
Tax-exempt · SHELTON, CT 06484
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $17,351,326 | $6,605,146 | $10,746,180 | $59,771,846 | $4,074,933 | $55,696,913 |
| June 30, 2024 | 990 | $6,777,905 | $6,054,931 | $722,974 | $43,643,954 | $3,462,540 | $40,181,414 |
| June 30, 2023 | 990 | $7,032,652 | $6,118,695 | $913,957 | $40,425,890 | $3,606,424 | $36,819,466 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $14,271,322
- Program service revenue
- $0
- Investment income
- $2,966,658
- Net gain from sales of assets
- $708,570
- Net income from fundraising events
- -$1,575
- Other revenue
- $113,346
Expenses
- Grants and similar amounts paid
- $5,942,478
- Compensation of officers, directors and key employees
- $195,168
- Other salaries and wages
- $211,595
- Salaries, compensation and benefits (total)
- $485,524
- Professional fundraising fees
- $0
- Accounting fees
- $22,473
- Program services (functional)
- $6,079,307
- Management and general (functional)
- $292,428
- Fundraising (functional)
- $233,411
Balance sheet and other
- Total assets, start of year
- $43,643,954
- Total assets, end of year
- $59,771,846
- Total liabilities, end of year
- $4,074,933
- Net assets, end of year
- $55,696,913
- Publicly traded securities
- $48,942,243
- Net assets without donor restrictions
- $7,177,861
- Net assets with donor restrictions
- $48,519,052
- Gross receipts
- $22,717,510
- Employees
- 4
- Volunteers
- 62
- Year formed
- 2015
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Michael Hanlon | Treasurer - Term. 12/1/24 Trustee or director, Officer | 1 | $0 | $256,048 | $12,802 |
| Anne O McCrory | TRUSTEE Trustee or director | 1 | $0 | $245,590 | $12,279 |
| Holly Doherty-Lemoine | Executive Director Officer | 50 | $190,916 | $0 | $12,043 |
| Thomas E McInerney | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| Dr Julia McNamara | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Bernard Reidy | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| David Cappiello | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joseph Purcell | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| George Coleman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Andrea Maldon | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sister Mary Grace Walsh | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Leslie Lopez | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michele Mitola | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Tim Fitzpatrick | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer St Victor - de Pinho | Trustee Trustee or director | 1 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tom McDevitt | Trustee Trustee or director | 1 | $0 |
| GEOFFREY Raker | Trustee Trustee or director | 1 | $0 |
| Barbara Ripp | Trustee Trustee or director | 1 | $0 |
| Henry Rondon | Trustee Trustee or director | 1 | $0 |
| Lisa Ferraro Martino | Trustee Trustee or director | 1 | $0 |
| PAULA SUMMA | Treasurer Trustee or director, Officer | 1 | $0 |
| Joseph Rahtelli III | Trustee Trustee or director | 1 | $0 |
| Allison Reiling | Trustee Trustee or director | 1 | $0 |
| Tom Cassidy | Trustee - Starting 12/1/24 Trustee or director | 1 | $0 |
| John Corraro | Trustee - Starting 12/1/24 Trustee or director | 1 | $0 |
| Kara Klein | Trustee - Starting 12/1/24 Trustee or director | 1 | $0 |
| Joseph Matthews | Trustee - Starting 12/1/24 Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Michael Hanlon | Treasurer Trustee or director, Officer | 1 | $0 | $247,098 | $12,355 |
| Anne O McCrory | TRUSTEE Trustee or director | 1 | $0 | $215,369 | $10,768 |
| Holly Doherty-Lemoine | Executive Director Officer | 50 | $182,922 | $0 | $8,010 |
| Thomas E McInerney | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dr Julia McNamara | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Bernard Reidy | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| David Cappiello | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joseph Purcell | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| George Coleman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Andrea Maldon | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sister Mary Grace Walsh | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Leslie Lopez | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michele Mitola | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Tim Fitzpatrick | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer St Victor - de Pinho | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Tom McDevitt | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| GEOFFREY Raker | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Barbara Ripp | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Henry Rondon | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Ferraro Martino | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| PAULA SUMMA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| Joseph Rahtelli | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Allison Reiling | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Michael Hanlon | Treasurer Trustee or director, Officer | 1 | $0 | $230,414 | $11,521 |
| Anne O McCrory | TRUSTEE Trustee or director | 1 | $0 | $205,613 | $10,281 |
| Holly Doherty-Lemoine | Executive Director Officer | 50 | $170,705 | $0 | $8,421 |
| Thomas E McInerney | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dr Julia McNamara | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Bernard Reidy | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michael Shea until 113022 | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| David Cappiello | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joseph Purcell | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| George Coleman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Andrea Maldon | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sister Mary Grace Walsh | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Leslie Lopez | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michele Mitola | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Tim Fitzpatrick | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer St Victor - de Pinho | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Tom McDevitt | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| GEOFFREY Raker | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Barbara Ripp | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Henry Rondon | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Ferraro Martino | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| PAULA SUMMA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 BEARD SAWMILL RD STE 650, SHELTON, CT 06484-6151
- In care of
- % HOLLY DOHERTY-LEMOINE
- Principal officer (990 for 2024)
- HOLLY DOHERTY-LEMOINE, One Waterview Drive, Shelton, CT 06484
- Signed the 990
- Paula Summa, Treasurer
- Phone
- (203) 416-1642
- Return prepared by
- Nanavaty Davenport Studley White
Mission
TO STRENGTHEN AND TRANSFORM THE MISSION OF CATHOLIC EDUCATION IN THE DIOCESE OF BRIDGEPORT BY PROVIDING TUITION ASSISTANCE TO FAMILIES IN NEED, SUPPORTING INNOVATION IN ACADEMIC PROGRAMS, AND FOSTERING OPPORTUNITIES FOR THE PROFESSIONAL DEVELOPMENT OF SCHOOL LEADERS.
Program accomplishments
- AWARDED NEARLY 1,200 STUDENTS TUITION ASSISTANCE AND 21 TEACHERS INNOVATION AND LEADERSHIP GRANTS. SUPPORTED TRANSFORMATIVE PROJECTS AT A HIGH SCHOOL AND SOME ELEMENTARY SCHOOLS ACROSS THE DIOCESE OF BRIDGEPORT.Expenses $6,079,307 · grants $5,942,478
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5130557
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $59,771,846
- Income (IRS master file)
- $22,717,510
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $17,351,326 | $6,605,146 | $59,771,846 | XML |
| 990 | June 2024 | $6,777,905 | $6,054,931 | $43,643,954 | XML |
| 990 | June 2023 | $7,032,652 | $6,118,695 | $40,425,890 | XML |
| 990 | June 2022 | $11,526,982 | $5,853,047 | $36,181,181 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5130557).
Questions about FOUNDATIONS IN EDUCATION INC
- What is the EIN of FOUNDATIONS IN EDUCATION INC?
- The employer identification number (EIN) of FOUNDATIONS IN EDUCATION INC is 47-5130557.
- Is FOUNDATIONS IN EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to FOUNDATIONS IN EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATIONS IN EDUCATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATIONS IN EDUCATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATIONS IN EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FOUNDATIONS IN EDUCATION INC?
- The 990 for the year ended June 30, 2025 names HOLLY DOHERTY-LEMOINE.
- Who are the officers and directors of FOUNDATIONS IN EDUCATION INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 1 received compensation from the organization.
- How much revenue does FOUNDATIONS IN EDUCATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $17,351,326, expenses of $6,605,146 and total assets of $59,771,846 at year end.
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