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Basalt Education Foundation

Tax-deductible

Basalt, CO501(c)(3)Education EIN 20-1638963Revenue $179K in FY2024

On file with the IRSPo Box 1278, 81621-1278 · Basalt, COTax-exempt since Jan 2005Publicly supported charity — 170(b)(1)(A)(vi)

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The Basalt Education Foundation raises funds to enhance education in the Basalt public schools, and seeks to maximize community investment in order to deliver innovative, creative programming and experiences for every student, alleviating school budgetary constraints.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $35K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
184%
of spending
Looks good: 184% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
41 mo
of spending, in cash
Looks good: 41.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$47K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$179K
-42% vs prior year
Spent
$216K
To programs
184%
Net assets
$692K
By yearFY2020–FY2024
Revenue
$179K
FY2024▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2020$158K
FY2021$203K
FY2022$260K
FY2023$306K
FY2024$179K
Expenses
$216K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$129K
FY2022$164K
FY2023$235K
FY2024$216K
Net assets
$692K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$50K
FY2021$595K
FY2022$643K
FY2023$742K
FY2024$692K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

184 cents of each dollar spent went to programs.

Program services 184% · $397K Management & general 12% · $26K Fundraising 14% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990.

Part VII, Section A · reportable compensation
Michaela Idhammer
Executive Director
$0Pt VII · Sec A
Anna Feiss
Board Member
$0Pt VII · Sec A
Amy Honey
Board Member
$0Pt VII · Sec A
Logan Hood
Board Member
$0Pt VII · Sec A
Jan Jennings
Board Member
$0Pt VII · Sec A
Gonzo Mirich
Board Member
$0Pt VII · Sec A
Henning Rahm
Board Member
$0Pt VII · Sec A
Shelly Searles
Board Member
$0Pt VII · Sec A

Amy Honey’s $34K as Executive Director is at the 26th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022
Amy Honey$34,379$28,700
Desiree Pimentel$24,605—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Basalt Education Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds public school programs and experiences, enhancing student education and alleviating budget limits.

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Provided by the organization

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2 programs · $576K · in their own filed words · FY2024
01

Basalt Public Schools

Provided funding for schoalrships, school supplies, books, technology, extracurricular activities, and field trips

$397Kprogram expense
02

Basalt Public Schools

Provided funding for schoalrships, school supplies, books, technology, extracurricular activities, and field trips

$179Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Lockhart Fam Charitable TrFY2025$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $518K · 2021–2024
Roaring Fork SchoolsFY2024$268,943
Unitemized GrantFY2024$45,500
Roaring Fork SchoolsFY2022$59,263
Unitemized GrantFY2022$25,405
Roaring Fork SchoolsFY2021$90,128
Unitemized GrantFY2021$29,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$179K
Ln 12
Gifts and grantsLn 1h$153K
Investment incomeLn 3$26K
Money outPt IX
$216K
Ln 25
Programscol B$397K
Managementcol C$26K
Fundraisingcol D$30K
Owns and owesPt X
$692K
net assets · Ln 32
Cash and savingsLn 1–2$737K
Total assetsLn 16$739K
LiabilitiesLn 26$47K
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$153K
Government grantsLn 1e$11K
Investment incomeLn 3$26K
Total revenueLn 12$179K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$737K
Total assetsLn 16$739K
LiabilitiesLn 26$47K
Net assetsLn 32$692K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $179K$216K−$37K$692K 990 PDF
FY2023 $306K$235K$72K$742K 990 PDF
FY2022 $260K$164K$96K$643K 990 PDF
FY2021 $203K$129K$74K$595K 990 PDF
FY2020 $158K$191K−$32K$50K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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