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.
67¢ of each $1 spent went to programs.
$29K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
47 mo
of spending, in cash
Looks good: 47.2 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
$19K
3% of total assets
Looks good: liabilities are 3% 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
$260K
+28% vs prior year
Spent
$164K
To programs
67%
Net assets
$643K
By yearFY2020–FY2024
Revenue
$260K
FY2022▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$158K
FY2021$203K
FY2022$260K
FY2023$306K
FY2024$179K
Expenses
$164K
FY2022▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$129K
FY2022$164K
FY2023$235K
FY2024$216K
Net assets
$643K
FY2022▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$50K
FY2021$595K
FY2022$643K
FY2023$742K
FY2024$692K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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

67 cents of each dollar spent went to programs.

Program services 67% · $109K Management & general 6% · $10K Fundraising 27% · $44K

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; $29K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$28,700Pt VII · Sec A
$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
$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 · $109K · in their own filed words · FY2022
01

Basalt Public Schools

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

$109Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$260K
Ln 12
Gifts and grantsLn 1h$257K
Investment incomeLn 3$3K
Money outPt IX
$164K
Ln 25
Programscol B$109K
Managementcol C$10K
Fundraisingcol D$44K
Owns and owesPt X
$643K
net assets · Ln 32
Cash and savingsLn 1–2$643K
Total assetsLn 16$662K
LiabilitiesLn 26$19K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$257K
Government grantsLn 1e$5K
Fundraising eventsLn 1c$188K
Investment incomeLn 3$3K
Total revenueLn 12$260K
Assets in detailPt X, end of year
CashLn 1$643K
Cash and savings togetherLn 1–2$643K
Total assetsLn 16$662K
LiabilitiesLn 26$19K
Net assetsLn 32$643K
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 FY22End FY22
Cash and savingsLn 1–2$634K$643K
Total assetsLn 16$634K$662K
LiabilitiesLn 26$39K$19K
Net assetsLn 32$595K$643K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$59K$59K
Grants to domestic individualsLn 2$25K$25K
Pay of current officers, directors and key staffLn 5$29K$17K$3K$9K
Payroll taxesLn 10$2K$1K$221$662
Management feesLn 11a$45$0$45$0
Legal feesLn 11b$6K$0$6K$0
Advertising and promotionLn 12$3K$3K$139$0
Office expensesLn 13$287$0$287$0
Information technologyLn 14$274$0$274$0
All other expensesLn 24e$38K$4K$351$35K
Total functional expensesLn 25$164K$109K$10K$44K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $179K$216K−$37K$692K 990 PDF
FY2023 $306K$235K$72K$742K 990 PDF
FY2022 Viewing $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 I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $259,920 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $195,064$256,820
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,861$3,100
I-11 Other revenue$0
I-12 Total revenuePrior year $202,925$259,920
I-13 Grants and similar amounts paidPrior year $119,128$84,668
I-14 Benefits paid to members$0
I-15 Salaries and benefits$30,906
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10,148$47,970
I-18 Total expensesPrior year $129,276$163,544
I-19 Revenue less expensesPrior year $73,649$96,376
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 $259,920 across 6 lines filed
VIII-1c Fundraising events$187,642
VIII-1e Government grants$4,686
VIII-1f All other contributions, gifts and grants$64,492
VIII-1h Total contributions, gifts and grants$256,820
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3,100
VIII-12 Total revenueRelated to mission $3,100 · Unrelated business $0 · Excluded from tax $0$259,920
Part IX · Statement of functional expenses $163,544 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $59,263$59,263
IX-2 Grants to domestic individualsPrograms $25,405$25,405
IX-5 Pay of current officers, directors and key staffPrograms $17,220 · Management $2,870 · Fundraising $8,610$28,700
IX-10 Payroll taxesPrograms $1,323 · Management $221 · Fundraising $662$2,206
IX-11a Management feesPrograms $0 · Management $45 · Fundraising $0$45
IX-11b Legal feesPrograms $0 · Management $6,189 · Fundraising $0$6,189
IX-12 Advertising and promotionPrograms $2,640 · Management $139 · Fundraising $0$2,779
IX-13 Office expensesPrograms $0 · Management $287 · Fundraising $0$287
IX-14 Information technologyPrograms $0 · Management $274 · Fundraising $0$274
IX-24e All other expensesPrograms $3,509 · Management $351 · Fundraising $34,536$38,396
IX-25 Total functional expensesPrograms $109,360 · Management $10,376 · Fundraising $43,808$163,544
Part X · Balance sheet $662,011 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $633,828$643,484
X-4 Accounts receivableStart of year $0$9,554
X-9 Prepaid expenses and deferred charges$8,973
X-16 Total assetsStart of year $633,828$662,011
X-17 Accounts payable and accrued expenses$16,669
X-24 Unsecured notes and loans payable$2,500
X-26 Total liabilitiesStart of year $39,166$19,169
X-27 Net assets without donor restrictionsStart of year $155,455$256,733
X-28 Net assets with donor restrictionsStart of year $439,207$386,109
X-32 Total net assets or fund balancesStart of year $594,662$642,842
X-33 Total liabilities and net assetsStart of year $633,828$662,011
Part XI · Reconciliation of net assets $642,842 net assets at year end
XI-1 Total revenue$259,920
XI-2 Total expenses$163,544
XI-3 Revenue less expenses$96,376
XI-4 Net assets at start of year$594,662
XI-8 Prior period adjustments−$48,196
XI-10 Net assets at end of year$642,842

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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