Basalt Education Foundation EIN 20-1638963 Form 990 (PDF) Claim this org

Basalt Education Foundation FY2021 filing

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Funds public school programs and experiences, enhancing student education and alleviating budget limits. For fiscal year 2021 it reported $203K in revenue, $129K in expenses, and $595K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Basalt, CO
Filings
5 on file (2020–2021)
Revenue
$203KFY2021
Expenses
$129K
Net assets
$595K
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1638963 Public charity (501(c)(3)) Basalt, CO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds public school programs and experiences, enhancing student education and alleviating budget limits.
Leadership
Bridgette Anslyn · President
Money in and out
$203K revenue, $129K expenses
Bottom line
92% program efficiency
Where the money goes · FY2021
Total revenue
$203K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$595K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.02 Fundraising $0.05
Program efficiency
92%
of spending reaches programs
Operating runway
58.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$203K
FY2021▲ +28%
Expenses
$129K
FY2021▼ -32%
Total assets
$634K
FY2021▲ +25%
Total liabilities
$39K
FY2021▼ -91%
Total revenue
$203K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$595K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$634K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $119K of program spending, described in the organization's own filed words · FY2021.
01

Basalt Public Schools

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

$119Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBasalt Education Foundation
EINHdr · item D20-1638963
Principal addressHdr · item CBasalt, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFJan 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Fundraising
$0Pt VII · Sec A
Fundraising
$0Pt VII · Sec A
Fundraising
$0Pt VII · Sec A
Scholarships
$0Pt VII · Sec A
$0Pt VII · Sec A
Governance
$0Pt VII · Sec A

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.

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Statement of Revenue

Part VIII
Contributions & grants$195K · 96%
Investment income$8K · 4%
Contributions & grants96%$195K
Investment income4%$8K
Total revenueLn 12$203K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.02 Fundraising $0.05
Program services92%$119K
Management & general2%$3K
Fundraising5%$7K
Total functional expensesLn 25$129K

Balance Sheet

Part X · end of year
CashLn 1$634K
Total assetsLn 16$634K
Total liabilitiesLn 26$39K
Total net assetsLn 32$595K
Months of cash on handcomputed58.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $634K · Operating expenses/yr $129K
58.8 months
Where the money goes
Program services
Program services $119K · Total expenses $129K
92%
Management & General
Management & general $3K · Total expenses $129K
2%
Fundraising
Fundraising $7K · Total expenses $129K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $16K · Solicited contributions (2-yr avg) $177K
$0.09 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $195K · Total revenue $203K
96%
Government reliance
Government grants — · Total revenue $203K
Earned-income share
Program service revenue $0 · Total revenue $203K
0%
Investment reliance
Investment income $8K · Total revenue $203K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $129K
0%
Growth & trend
Revenue growth (YoY)
This year $203K · Prior year $158K
+28%
Net-asset trend (YoY)
End of year $595K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $203K · Expenses $129K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $634K
Net-asset ratio
Net assets $595K · Total assets $634K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $634K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bridgette Anslyn · Reported title President · Highest reported compensation $0 · Total expenses $129K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $129K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 2%
Fundraising cost ratio 4%
Revenue growth 28%

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 · FY2025
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

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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 (Latest)$179K revenue · ⤓ 990 PDF
FY2023$306K revenue · ⤓ 990 PDF
FY2022$260K revenue · ⤓ 990 PDF
FY2021$203K revenue · viewing · ⤓ 990 PDF
FY2020$158K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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