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.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
59 mo
of spending, in cash
Looks good: 58.8 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
$39K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$203K
+28% vs prior year
Spent
$129K
To programs
92%
Net assets
$595K
By yearFY2020–FY2024
Revenue
$203K
FY2021▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$158K
FY2021$203K
FY2022$260K
FY2023$306K
FY2024$179K
Expenses
$129K
FY2021▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$129K
FY2022$164K
FY2023$235K
FY2024$216K
Net assets
$595K
FY2021▲ ×12
Tap a bar for its year
Net assets by fiscal year
FY2020$50K
FY2021$595K
FY2022$643K
FY2023$742K
FY2024$692K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

92 cents of each dollar spent went to programs.

Program services 92% · $119K Management & general 2% · $3K Fundraising 5% · $7K

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

19 people listed on the 990.

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

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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1 program · $119K · in their own filed words · FY2021
01

Basalt Public Schools

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

$119Kprogram 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
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$203K
Ln 12
Gifts and grantsLn 1h$195K
Investment incomeLn 3$8K
Money outPt IX
$129K
Ln 25
Programscol B$119K
Managementcol C$3K
Fundraisingcol D$7K
Owns and owesPt X
$595K
net assets · Ln 32
Cash and savingsLn 1–2$634K
Total assetsLn 16$634K
LiabilitiesLn 26$39K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$195K
Investment incomeLn 3$8K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$634K
Cash and savings togetherLn 1–2$634K
Total assetsLn 16$634K
LiabilitiesLn 26$39K
Net assetsLn 32$595K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$508K$634K
Total assetsLn 16$509K$634K
LiabilitiesLn 26$459K$39K
Net assetsLn 32$50K$595K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$90K$90K
Grants to domestic individualsLn 2$29K$29K
Advertising and promotionLn 12$5K$0$0$5K
Office expensesLn 13$2K$0$2K$0
InsuranceLn 23$898$0$898$0
All other expensesLn 24e$2K$0$0$2K
Total functional expensesLn 25$129K$119K$3K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $179K$216K−$37K$692K 990 PDF
FY2023 $306K$235K$72K$742K 990 PDF
FY2022 $260K$164K$96K$643K 990 PDF
FY2021 Viewing $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 I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $202,925 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $158,369$195,064
I-9 Program service revenue$0
I-10 Investment incomePrior year $3$7,861
I-11 Other revenue$0
I-12 Total revenuePrior year $158,372$202,925
I-13 Grants and similar amounts paid$119,128
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $190,644$10,148
I-18 Total expensesPrior year $190,644$129,276
I-19 Revenue less expensesPrior year −$32,272$73,649
Part VI · Governance 0 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
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
Part VIII · Statement of revenue $202,925 across 4 lines filed
VIII-1f All other contributions, gifts and grants$195,064
VIII-1h Total contributions, gifts and grants$195,064
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$7,861
VIII-12 Total revenueRelated to mission $7,861 · Unrelated business $0 · Excluded from tax $0$202,925
Part IX · Statement of functional expenses $129,276 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $90,128$90,128
IX-2 Grants to domestic individualsPrograms $29,000$29,000
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $4,814$4,814
IX-13 Office expensesPrograms $0 · Management $2,250 · Fundraising $0$2,250
IX-23 InsurancePrograms $0 · Management $898 · Fundraising $0$898
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $2,186$2,186
IX-25 Total functional expensesPrograms $119,128 · Management $3,148 · Fundraising $7,000$129,276
Part X · Balance sheet $633,828 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $508,169$633,828
X-4 Accounts receivableStart of year $750$0
X-16 Total assetsStart of year $508,919$633,828
X-18 Grants payableStart of year $458,959$39,166
X-26 Total liabilitiesStart of year $458,959$39,166
X-27 Net assets without donor restrictionsStart of year $49,960$155,455
X-28 Net assets with donor restrictions$439,207
X-32 Total net assets or fund balancesStart of year $49,960$594,662
X-33 Total liabilities and net assetsStart of year $508,919$633,828
Part XI · Reconciliation of net assets $594,662 net assets at year end
XI-1 Total revenue$202,925
XI-2 Total expenses$129,276
XI-3 Revenue less expenses$73,649
XI-4 Net assets at start of year$49,960
XI-8 Prior period adjustments$471,053
XI-10 Net assets at end of year$594,662

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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