Foundation For Independent Higher Education Inc in Washington, District of Columbia (DC)

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Foundation For Independent Higher Education Inc
Employer Identification Number (EIN)135674610
Name of OrganizationFoundation For Independent Higher Education Inc
Address1 Dupont Cir Nw Ste 320, Washington, DC 20036-1142
ActivitiesOther school related activities
SubsectionEducational Organization
Ruling Date06/1960
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period10/2010
Assets$0
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$38,924,004
Amount of Income$3,252,593
Form 990 Revenue Amount$-68,254
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution


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Amount of income in 2010: $3,252,593
Foundation For Independent Higher Education Inc: 

 $3,252,593
Other organizations performing similar types of work: 

 $1,625,924

Assets in 2010: $38,924,004
This organization: 

 $38,924,004
Other organizations performing similar types of work: 

 $5,186,309

Expenses in 2002: $4,628,356
This organization: 

 $4,628,356
Other organizations performing similar types of work: 

 $720,340

Income to expenses ratio in 2002: 0.3
This organization: 

 0.3
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2002: 79.9%
This organization: 

 79.9%
Other organizations performing similar types of work: 

 85.4%

Number of employees in 2002: 3
This organization: 

 3
Other organizations performing similar types of work: 

 1

Employees paid over $50,000 in 2002: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 26.3%

Grants share in income in 2002: 5.6%
This organization: 

 5.6%
Other organizations performing similar types of work: 

 13.0%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002002
Total revenue$1,412,629$1,386,668
Contributions, gifts, grants, and similar amounts received$337,839$77,754
Contributions to donor advised funds
Direct public support$337,839$77,754
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$400,000$400,000
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$1,058,372$1,715,162
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$-819,094
Gain or (loss) from sales of assets other than inventory$-434,506$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$434,506$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$50,924$12,846
Total expenses$4,446,642$4,628,356
Program services$3,491,410$3,699,587
Management and general$759,874$886,904
Fundraising$195,358$41,865
Payments to affiliates$0$0
Net assets or fund balances at end of year$50,085,948$38,924,004
Excess or (deficit) for the year$-3,034,013$-3,241,688
Net assets or fund balances at beginning of year$53,119,961$43,735,857
Other changes in net assets or fund balances$0$-1,570,165
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,628,356$3,699,587$886,904$41,865
Grants paid from donor advised funds
Other grants and allocations$3,557,424
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$253,500$45,529$180,145$27,826
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$58,975$10,592$41,908$6,475
Pension plan contributions not included above$29,017$5,211$20,622$3,184
Employee benefits not included above$21,776$3,910$15,475$2,391
Payroll taxes$18,117$3,254$12,874$1,989
Professional fundraising fees$0$0$0$0
Accounting fees$12,000$2,207$9,793$0
Legal fees$361$61$300$0
Supplies$0$0$0$0
Telephone$6,776$678$6,098$0
Postage and shipping$4,856$0$4,856$0
Occupancy$63,962$0$63,962$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$21,346$12,808$8,538$0
Conferences, conventions, and meetings$31,076$24,861$6,215$0
Interest$0$0$0$0
Depreciation, depletion, etc.$10,304$5,152$5,152$0
Other expenses not covered above$538,866$27,900$510,966$0
Balance Sheets
20002002
Total assets$50,150,452$38,963,387
Cash - non-interest-bearing$352,710$1,426,033
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$116,661$0
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$8,990$24,252
Investments - publicly-traded securities
Investments - other securities$0$37,422,939
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$49,626,840$0
Land, buildings, and equipment less accumulated depreciation$45,254$22,302
Other assets, including program-related investments$0$67,861
Total liabilities$64,504$39,383
Accounts payable and accrued expenses$64,504$39,383
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$50,150,452$38,963,387
Total net assets or fund balances$50,085,948$38,924,004
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002002
Total revenue$1,412,629$1,386,668
Total revenue, gains, and other support per audited financial statements$1,412,629$-535,510
Other expenses$0$-1,922,178
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$-1,922,178
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002002
Total expenses$4,446,642$4,628,356
Total expenses and losses per audited financial statements$4,446,642$4,276,343
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$352,013
Investment expenses$0$0
Other$0$352,013
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20063
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$896,068$412,846
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$400,000
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,715,162$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-819,094$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$12,846
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
19992001
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Bnai Brith Hillel Foundation800 Eighth Street Nw, Washington Dc, DC 20001DC1951-01$37,238,550
2Foundation For Independent Higher Education Inc1 Dupont Cir Nw Ste 320, Washington, DC 20036-1142DC1960-06$3,252,593
3Rural School And Community Trust4301 Connecticut Ave Nw Ste 100, Washington, DC 20008-2304DC1996-01$5,120,247
4West Side Day Nursery And Kindergarten20 W 86th St, New York, NY 10024-3604NY1947-04$549,484
5American Friends Of Bucerius Law School440 Park Avenue South 2nd Floor, New York, NY 10016NY2007-02$421,513
6St Mary Central-Seton Education Endowment Fund Agency 08051997PO BOX 649, Neenah, WI 54957-0649WI1999-10$417,310
7Schools For SalonePO BOX 25314, Seattle, WA 98165-2214WA2008-06$343,503
8Verlyn E Grahl Foundation Inc130 S Main St, Fond Du Lac, WI 54935-4210WI1999-02$275,937
9St Patrick School Foundation Inc, John J Brannen Community Education Foundation Inc4 W 3rd Street, Maysville, KY 41056KY1981-10$78,106
10Drew League Foundation2851 W 120th Street Suite E 517, Hawthorne, CA 90250CA2009-01$68,411
11Stowe Schools Foundation For Educational Advancement IncPO BOX 820, Stowe, VT 05672-0820VT1998-01$46,249
12Ruckus House Scholarship Foundation Inc9450 Moss Plantation Rd Nw, Concord, NC 28027NC2007-04$34,016
13U S Freedom Foundation1717k St Nw Ste 600, Washington, DC 20036DC2003-05$16,750
14Battle Creek-Ida Grove School Foundation Inc500 2nd St, Ida Grove, IA 51445-1305IA2001-01$3,763
15Achieve 121224 N Pine St, Lansing, MI 48933-1022MI2004-12$0
16Aransas Pass Panther Booster ClubPO BOX 1994, Aransas Pass, TX 78335-1994TX2000-11$0
17Bison Charities37300 10th Ave, Buffalo Center, IA 50424IA1999-09$0
18Brainstorm558 Coventry Ln, West Chester, PA 19382-7588PA2001-11$0
19Cascade Academy Foundation1331 Nw Eastman Pkwy, Gresham, OR 97030OR2008-09$0
20Franklin Regional Varsity Swimming And Diving Booster Club5611 Summit Court, Export, PA 15632PA2009-06$0
Number of organizations performing similar types of work
Arkansas1
Arizona2
California14
Colorado3
Connecticut1
District of Columbia4
Delaware1
Florida3
Georgia3
Iowa6
Illinois4
Indiana1
Kansas1
Kentucky2
Louisiana2
Massachusetts3
Maryland3
Maine1
Michigan4
Minnesota1
Missouri1
Mississippi2
North Carolina4
New Hampshire1
New Jersey4
New Mexico2
Nevada1
New York7
Ohio3
Oregon2
Pennsylvania2
Rhode Island2
South Dakota1
Tennessee4
Texas7
Virginia2
Vermont1
Washington4
Wisconsin4
Total114

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