THE PATERSON EDUCATION FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE PATERSON EDUCATION FOUNDATION INC

EIN 22-2464316 · Education (B)

What they do

THE PATERSON EDUCATION FUND (PEF) is A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION is to STIMULATE COMMUNITY ACTION for CHANGE SO THAT THE PATERSON PUBLIC SCHOOLS ENSURE THAT ALL PATERSON CHILDREN ACHIEVE HIGH STANDARDS.PEFS GOALS ARE:TO BUILD OUR COMMUNITYS CIVIC CAPACITY to SUPPORT, MONITOR and ADVOCATE EDUCATION REFORM.TO EDUCATE and ENABLE COMMUNITY LEADERSHIP to UNDERSTAND and ACT ON CHANGING EDUCATION NEEDS.TO PROVIDE A FORUM for THE COMMUNITY to EFFECTIVELY PARTICIPATE IN THE DECISION-MAKING PROCESSES CONCERNING EDUCATION.FOUNDED IN 1983, PEFS ACTIVITIES BUILD and NOURISH A CONSTITUENCY for SYSTEMATIC SCHOOL REFORM BY EDUCATING THE COMMUNITY ON THE IMPORTANCE of HIGH STANDARDS and EXPECTATIONS IN PROVIDING QUALITY EDUCATION for ALL CHILDREN. PEF CONVENES and BROKERS RELATIONSHIPS BETWEEN THE PATERSON SCHOOL DISTRICT and PRIVATE SECTOR ENTITIES INTERESTED IN PUBLIC EDUCATION IN PATERSON.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

106.02%of revenue went to mission work87.9% of expenses · Program services

0.90%of revenue went to fundraising0.7% of expenses

$120.64spent for every $100 of revenueSpending was higher than revenue this year.

13.71%of revenue went to management and office costs11.4% of expenses

$0.19in assets for every $1 spent this yearSome assets cannot be spent right away.

100.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $177,562 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $89,487 for ROSEMARIE GRANT (EXECUTIVE DIRECTOR & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$860,442

Mission workProgram services$912,273106.02% of revenue87.9% of expenses

ManagementOffice and general costs$117,98313.71% of revenue11.4% of expenses

FundraisingAsking for donations$7,7480.90% of revenue0.7% of expenses

Total expenses$1,038,004120.64% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.9% mission · 11.4% management · 0.7% fundraisingTotal expenses: 120.64% of revenue

2023Expense mix: 85.9% mission · 14.1% management · 0.0% fundraisingTotal expenses: 89.12% of revenue

2022Expense mix: 87.3% mission · 10.3% management · 2.4% fundraisingTotal expenses: 98.77% of revenue

2021Expense mix: 79.7% mission · 16.0% management · 4.2% fundraisingTotal expenses: 97.19% of revenue

2020Expense mix: 87.6% mission · 11.9% management · 0.6% fundraisingTotal expenses: 95.56% of revenue

2018Expense mix: 76.7% mission · 22.7% management · 0.6% fundraisingTotal expenses: 149.97% of revenue

2017Expense mix: 69.0% mission · 31.0% management · 0.0% fundraisingTotal expenses: 77.92% of revenue

2016Expense mix: 82.6% mission · 17.4% management · 0.0% fundraisingTotal expenses: 131.91% of revenue

Money in and money out

Revenue$860,442

Expenses$1,038,004

Annual shortfall $177,562 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$912,273 · 87.9% of expenses

Management and office costs$117,983 · 11.4% of expenses

Fundraising$7,748 · 0.7% of expenses

See all reported dollar amounts

Revenue$860,442

Expenses$1,038,004

Assets$199,960

Income$866,674

Contributions$861,297

Mission work (program services)$912,273

Fundraising$7,748

Grants given$302,772

Average grant$13,762

Management and general$117,983

Accounting fees$29,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROSEMARIE GRANTEXECUTIVE DIRECTOR & CEO · 40 hrs/week $89,487Base $81,533 · Other $7,954

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

ROSEMARIE GRANTEXECUTIVE DIRECTOR & CEO

DWAYNE A COXMEMBER

ERROL KERRTREASURER

LAURIE W NEWELL PHDMEMBER

MELISSA BARALT PHDSECRETARY

PERRY LIGHTYPRESIDENT

RAMON PAGAN PHDMEMBER

XIANIA FOSTERMEMBER

About this charity

Recognized since: January 1986
Location: 422 BROADWAY, PATERSON, NJ 07501-2105
County: Passaic
In care of: ROSEMARIE GRANT
Primary officer: ROSEMARIE GRANT, EXECUTIVE DIRECTOR & CEO

How to reach them

WebsiteVisit the charity’s website Emailadmin@paterson-education.org Phone(973) 881-8914

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SAX ADVISORS LLC
NTEE classification: Education (B)
IRS tax category: Education
Grant-giving organization: Yes