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Filing year 2023

THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC

Salem, New Jersey·EIN 47-1997891·NTEE B82 · Education·501(c)(3)
Total revenue
$4.7M
Total assets
$37.5M
Total expenses
$3M
Reported officers
12

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in New Jersey.

President & COO July - Present
75th to 90th percentilevs Education peers nationwide
$244k
$272k
President & CEO Jan - June
25th percentile to median
$80k
$89k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC equaled 8% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
8%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$1.6M

Itemized grants

59

Median grant

$5k

RecipientLocationPurposeAmount
COMMUNITY FOUNDATION OF SOUTH JERSEYHADDONFIELD, NJGRANT TO THE ACORN FUND ACCOUNTS FOR THE COLLEGE SAVINGS PROGRAM$1.1M
SALEM COMMUNITY COLLEGECARNEYS POINT, NJTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION AND A COMMUNITY GRANT TO FUND THE DUAL CREDIT PROGRAM FOR SALEM HIGH SCHOOL STUDENTS.$74k
ONE VILLAGE ALLIANCESALEM, NJGRANT TO PROVIDE FUNDING FOR ONE VILLAGE ALLIANCE WHO FOSTERS A COMMUNITY-BASED, PEOPLE-FUELED APPROACH WITH A MISSION TO UPLIFT CHILDREN AND THEIR FAMILIES ON A HOLISTIC JOURNEY TOWARD EXCELLENCE THROUGH EDUCATION, ENTREPRENEURSHIP AND THE ARTS.$50k
DREW UNIVERSITYMADISON, NJTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$36k
THE COLLEGE OF NEW JERSEYEWING, NJTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$35k
STOCKTON UNIVERSITYGALLOWAY, NJTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$35k
ELIZABETHTOWN COLLEGEELIZABETHTOWN, PATHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$30k
ROWAN UNIVERSITYGLASSBORO, NJTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$22k
COLLEGE RETENTION FUNDSALEM, NJTHIS GRANT IS AWARDED TO HELP CURRENT COLLEGE STUDENTS STAY IN SCHOOL AND FINISH THEIR DEGREE. STUDENTS MUST BE PELL ELIGIBLE AND HAVE A 2.5 GPA TO QUALIFY.$21k
THOMAS JEFFERSON UNIVERSITYPHILADELPHIA, PATHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$14k
LINCOLN UNIVERSITYLINCOLN UNIVERSITY, PATHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$13k
APPLECUPERTINO, CATHIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS.$12k
RUTGERS UNIVERSITYNEW BRUNSWICK, NJTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$12k
TOWSON UNIVERSITYTOWSON, MDTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$12k
UNIVERSITY OF TAMPATAMPA, FLTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$11k
MICROSOFTREDMOND, WATHIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS.$8k
WIDENER UNIVERSITYCHESTER, PATHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$8k
FAIRLEIGH DICKINSON UNIVERSITYMADISON, NJTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$8k
TUSKEGEE UNIVERSITYTUSKEGEE, ALTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$7k
UNIVERSITY OF WISCONSIN-MADISONMADISON, WITHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$7k
EAST CAROLINA UNIVERSITYGREENVILLE, NCTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$7k
ROCHESTER INSTITUTE OF TECHNOLOGYROCHESTER, NYTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$7k
HOBART AND WILLIAM SMITH COLLEGESBINGHAMTON, NYTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$7k
STONEHILL COLLEGENORTH EASTON, MATHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$7k
FROSTBURG STATE UNIVERSITYFROSTBURG, MDTHE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.$6k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Education executives earn in New Jersey

Comparable education organizations in New Jersey pay their highest-earning executive a median of $97,504.

25th percentile
$31k
Median
$97,504
75th percentile
$191k
90th percentile
$304k

These are education sector-wide figures, not this organization's reported pay. Based on 648 organizations across 648 filings (2022 – 2024).

See full Education pay data for New Jersey
FAQ

Common questions about THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC

What does the Chief Operating Officer of THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC earn?

In 2023, the Chief Operating Officer of THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC received $243,648 in total compensation. This pay is in the top quarter for Chief Operating Officer roles among Education organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Operating Officer pay at THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Education organizations nationwide, the 2023 pay of the Chief Operating Officer at THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC equaled 8% of the organization's total expenses. The median for education organizations is 7%.

What are THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC's revenue and expenses?

In 2023, THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC reported $4.7M in total revenue and $3M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.