Tri-Cities Prep Foundation FY2024 filing

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EIN 01-0723706 Supporting organization Pasco, WA NTEE B12
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2024
Revenue
$73K
FY2024▼ -28%
Expenses
$12K
FY2024▲ +19%

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).


Raises and manages funds to support a Catholic high school's educational endeavors. For fiscal year 2024 it reported $73K in revenue, $12K in expenses, and $709K in net assets.Pt I

Type
Supporting organization · Education
Location
Pasco, WA
Filings
4 on file (2021–2024)
Revenue
$73KFY2024
Expenses
$12K
Net assets
$709K
People
12
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Provided by the organization

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Size
<$100K
What they do
Raises and manages funds to support a Catholic high school's educational endeavors.
Leadership
Spencer Jilek · Board Member
Money in and out
$73K revenue, $12K expenses
Bottom line
+84% net inflow

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Central Washington Catholic Foundation

1 distinct foundation funder(s) on file, $20K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

88% to programs

88% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↓ -28% vs prior year

Revenue band <$100K, -28% versus the prior filing year (down). See detail →

Money in and out · FY2024
Total revenue
$73K
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$709K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $61K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Net inflow
+84%
revenue over expenses, this year
Pass-through gifts
76%
of revenue from contributions
Program spending
88%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$709K
FY2024▲ +24%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19$61K
Total assetsPt X · Ln 16$709K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CTri-Cities Prep Foundation
EINHdr · item D01-0723706
Principal addressHdr · item CPasco, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFDec 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Tri-Cities Prep Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $10K of program spending, described in the organization's own filed words · FY2023.
01

The foundation advances the endeavors of tri-cities prep, a catholic high school.

$10Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$55K · 76%
Investment income$18K · 24%
Contributions & grants76%$55K
Investment income24%$18K
Total revenueLn 12$73K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$10K
Management & general12%$1K
Total functional expensesLn 25$12K

Balance Sheet

Part X · end of year
CashLn 1$416
Total assetsLn 16$709K
Total liabilitiesLn 26$0
Total net assetsLn 32$709K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $709K · Operating expenses/yr $12K
731.2 months
Where the money goes
Program services
Program services $10K · Total expenses $12K
88%
Management & General
Management & general $1K · Total expenses $12K
12%
Fundraising
Fundraising $0 · Total expenses $12K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $63K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $55K · Total revenue $73K
76%
Government reliance
Government grants — · Total revenue $73K
—
Earned-income share
Program service revenue $0 · Total revenue $73K
0%
Investment reliance
Investment income $18K · Total revenue $73K
+24%
Program self-sufficiency
Program service revenue $0 · Total expenses $12K
0%
Growth & trend
Revenue growth (YoY)
This year $73K · Prior year $100K
-28%
Net-asset trend (YoY)
End of year $709K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $73K · Expenses $12K
+84%
Liabilities-to-Assets
Total liabilities — · Total assets $709K
—
Net-asset ratio
Net assets $709K · Total assets $709K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $709K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $709K
100%
People & payroll
Highest Reported Total Compensation
Individual Spencer Jilek · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $12K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $12K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 12%——
Fundraising cost ratio 0%——
Revenue growth -28%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 12%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$20K
Grants paid · 3 grants · $32K · 2022–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$73K revenue · viewing · ⤓ 990 PDF
FY2023$100K revenue · ⤓ 990 PDF
FY2022$43K revenue · ⤓ 990 PDF
FY2021$35K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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