The organization was formed to support programs and projects of city of albany ny schools.
Key facts about Albany Fund for Education Inc
In short: Albany Fund for Education Inc gave $14K across 2 grants in 2025 (avg $7K), mostly in New York. Source: 2025 IRS Form 990.
- EIN
- 14-1810885
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $13,758
- Grants made (2025)
- 2
- Average grant
- $6,879
- Median grant
- $6,879
- Total assets
- $389,062
- Primary geography
- New York (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$389K
+22.5% YoY
Annual Giving
$14K
+72.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$7K
-14.0% YoY
How Albany Fund for Education Inc gives
- Giving fell 82% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Albany Fund for Education Inc
Based on IRS filings
Albany Fund for Education Inc is a public charity focused on Education, based in Albany, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $389K in total assets. In 2025, it awarded 2 grants totaling $14K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $8K (2024) to $79K (2021). In 2025 it made 2 grants totaling $14K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Homeless and Travelers Aid Society ($7K). Together the top 2 received $14K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 8 grants of 9 (89%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Homeless and Travelers Aid Society Albany, NY | The Feed and Read Program Administered by Hatas | $7,183 |
| City School District of Albany Albany, NY | Grants for Programs and Field Trips | $6,575 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $389,062 | $317,507 | $286,058 |
| Revenue | $242,944 | $180,830 | $60,712 |
| Expenses | $200,574 | $159,911 | $90,198 |
| Net Investment Income | $7,907 | $7,152 | $1,806 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
Leadership & Key People
Officers and directors from IRS filings
Albany Fund for Education Inc is led by Mari Shopsis, Executive Director on every filing since 2020; none of the 17 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mari Shopsis
Executive Director
On filings since 2020
30 hrs/week
$25K (2020) → $0 (2025)
Kathryn Bamberger
President
Treasurer → President, 2021
On filings since 2020
2 hrs/week
No compensation reported
Ashley Chapple
Director
On filings since 2020
1 hr/week
No compensation reported
Brooke Raveendranath
Director
On filings since 2020
1 hr/week
No compensation reported
Daniel Vaughan-Cherubin
Director
On filings since 2020
1 hr/week
No compensation reported
Laura Franz
Director
On filings since 2020
1 hr/week
No compensation reported
Orah Lehockey
Director
On filings since 2020
1 hr/week
No compensation reported
Natisha Alexander
Director
Treasurer → Director, 2022
On filings since 2021
1 hr/week
No compensation reported
Whitney Malone
Director
On filings since 2021
1 hr/week
No compensation reported
Lisa Haley Thomson
Director
On filings since 2022
1 hr/week
No compensation reported
Phillip Quindara
Director
On filings since 2022
1 hr/week
No compensation reported
Sean Fitzsimons
Director
On filings since 2022
1 hr/week
No compensation reported
Khalel Hamlin
Director
On filings since 2024
1 hr/week
No compensation reported
Ginnie Farrell
Immediate Past President
President → Immediate Past President, 2022
On filings since 2020
2 hrs/week
No compensation reported
Kirsten A. Hernandez
Secretary
Director → Secretary, 2022
On filings since 2020
2 hrs/week
No compensation reported
Paul Collins-Hackett
Vice President
Director → Vice President, 2024
On filings since 2020
2 hrs/week
No compensation reported
Rich Peckham
Treasurer
Director → Treasurer, 2022
On filings since 2020
2 hrs/week
No compensation reported
Former officers (9)
- Former: Barry Walston (2020–2024) — Director
- Former: Onnolee Smith (2020–2024) — Director
- Former: Ana Banda-Wemple (2024) — Director
- Former: Anne Erling (2020–2023) — Director
- Former: Faith Skervin (2021–2023) — Director
- Former: Tabetha Wilson (2020–2022) — Executive Officio & School Board
- Former: Noelle Kinsch (2020–2021) — Director
- Former: Theresa Swidorski (2020–2021) — Vice President
- Former: Ann Gifford (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $35K, to Mari Shopsis (Executive Director).
Frequently asked questions about Albany Fund for Education Inc
How much does Albany Fund for Education Inc give each year?
Albany Fund for Education Inc gave $14K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $8K across 1 grant.
How large is Albany Fund for Education Inc?
Albany Fund for Education Inc reported $389K in total assets on its 2025 IRS Form 990. Its revenue that year was $243K.
What is Albany Fund for Education Inc?
Albany Fund for Education Inc is a public charity focused on Education, based in Albany, NY. It holds $389K in total assets as of 2025.
Where does Albany Fund for Education Inc operate?
Albany Fund for Education Inc has awarded grants in New York.
What is Albany Fund for Education Inc's EIN?
Albany Fund for Education Inc's EIN (Employer Identification Number) is 14-1810885. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
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