Education Finance Council Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521801566 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is Education Finance Council Inc?

Education Finance Council Inc. is a nonprofit organization with undisclosed location details. While the provided information is limited, it suggests that the organization's primary focus lies in education financing, as indicated by its name. However, the description provided is incomplete, stating "See Schedule O." As a result, further details about the organization's activities, mission, or mission description cannot be accurately summarized.


Official website here: www.efc.org

Is Education Finance Council Inc legitimate?

Education Finance Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Education Finance Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $300,139
Professional Fundraising Fees: $0
Other Salaries and Wages: $328,738

For more financial information, click here


Official website here: www.efc.org

What is the mission statement of Education Finance Council Inc?

The Education Finance Council Inc does not provide a clear mission statement in the given data. However, based on the activity or mission description, it appears that the organization's focus is on scheduling activities, possibly related to education finance. The mission description seems to be more of a prompt for users to create a free account, rather than a statement of purpose. As a result, it's challenging to provide a comprehensive mission statement summary for Education Finance Council Inc.


Official website here: www.efc.org

Who is the CEO of Education Finance Council Inc?

Gail Damota is the President of Education Finance Council Inc.


Official website here: www.efc.org

What is the revenue of Education Finance Council Inc?

Education Finance Council Inc's revenue in 2022 was $1,314,578.


Official website here: www.efc.org

Who are the executives of Education Finance Council Inc and what are their salaries?

The average compensation at Education Finance Council Inc during 2022 was $125,775. There are 5 employees at Education Finance Council Inc.


Here are 10 key members and their salaries:


Gail Damota (President)
  • Compensation: $300,139
  • Related: $0
  • Other: $32,007
Steven W Mccullough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Riley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Schwanke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Shaffner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Beard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanette W Weldon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trey Simon (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noel Simpson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Smith (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.efc.org

Where can I find the form 990 for Education Finance Council Inc?

Education Finance Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.efc.org

Learn more at the official website: www.efc.org

Mission Statement of Education Finance Council Inc

Education Finance Council Inc, as per the information provided, does not explicitly state its mission or activity description. However, the given data suggests that the organization may have certain scheduling or viewing limitations for unregistered users, implying a potential focus on online access or usage. Without further details, it is challenging to provide a comprehensive summary of its mission. Therefore, I must defer this response.

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Impact




October, 2024

Education Finance Council Inc plays a significant role in advancing the educational landscape by focusing on the financing of education initiatives. Its efforts are geared towards improving access to quality education for all students, contributing to enhanced community development and long-term societal benefits. The organization works towards creating sustainable financing solutions to support education, which in turn fosters a more educated workforce and contributes to economic growth.

By advocating for effective education finance policies and practices, Education Finance Council Inc helps to ensure that educational institutions have the necessary resources to thrive. This not only benefits students but also strengthens communities, as education is a key driver of social mobility and community improvement. Through its initiatives, the organization aims to bridge the gap in education funding, particularly in underserved areas, thereby promoting equity in educational opportunities.




This information is meant to be a general summary of Education Finance Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,314,578 (2022)
Expenses
$1,248,081 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,063
  • Program Service Revenue: $1,307,515
  • Gross Receipts: $1,314,578

Assets and Liabilities:

  • Total Assets: $2,242,246
  • Total Liabilities: $852,899
  • Net Assets: $1,389,347

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership Dues

Revenue

$985,250

Member Meetings

Revenue

$313,465

Membership Services

Revenue

$8,800

Organization Details

Founding Year

1992

Principal Officer

Gail Damota

Main Address

200 Massachusetts Ave NW Suite 700, Washington, DC, 20001

NTEE Category

Code: S41 - Community improvement

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