Alternative Education Foundation INC

Tax-deductible

Davie, FL501(c)(3)Since 2004EducationEIN 20-1776950

To provide alternative education for children grades K-12.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 3
filings with a surplus
Average surplus $179K a year · 5% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
+0.3% vs prior year
Spent
$4.8M
To programs
93%
Net assets
$932K
By yearFY2020–FY2024
Revenue
$5.0M
FY2024+0.3%
Revenue by fiscal year
FY2020$2.7M
FY2022$3.5M
FY2024$5.0M
FY2024$5.0M
Expenses
$4.8M
FY2024▲ +4%
Expenses by fiscal year
FY2020$2.6M
FY2022$3.3M
FY2024$4.6M
FY2024$4.8M
Net assets
$932K
FY2024▲ +19%
Net assets by fiscal year
FY2020$184K
FY2022$183K
FY2024$781K
FY2024$932K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2006.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $4.5M Management & general 7% · $334K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A

Lance Fein’s $102K as Executive Di is at the 33rd percentile of top reported officer pay among 3395 $1–10M 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.

See Alternative Education Foundation INC 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 15aNo

Programs and updates

Offers alternative education and life skills for bright students struggling in traditional schools, plus parent behavior management training.

Provided by the organization

This section is blank until Alternative Education Foundation INC claims this page.

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1 program service account for $4.5M of program spending, described in the organization's own filed words · FY2024.
01

Education of children grades K-12.

$4.5Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$272K
Gifts and grantsLn 1h$44K
Money outPt IX
$4.8M
Ln 25
Programscol B$4.5M
Managementcol C$334K
Owns and owesPt X
$932K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$272K
Gains on assetsLn 7$0
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$166K
SavingsLn 2$0
Cash and savings togetherLn 1–2$166K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$1.1M
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.6M
Net assetsLn 32$932K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$363K$166K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$119K$1.1M
Total assetsLn 16$1.8M$2.5M
LiabilitiesLn 26$1.0M$1.6M
Net assetsLn 32$781K$932K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$8K$8K
Pension plan contributionsLn 8$25K$25K
Other employee benefitsLn 9$120K$120K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$334K$334K
Legal feesLn 11b$34K$34K
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$61K$61K
Office expensesLn 13$52K$52K
Information technologyLn 14$344K$344K
RoyaltiesLn 15$0
OccupancyLn 16$466K$466K
TravelLn 17$25K$25K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$661$661
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$61K$61K
Other expenses (24a–d)Ln 24$2.8M$2.8M
All other expensesLn 24e$457K$457K
Total functional expensesLn 25$4.8M$4.5M$334K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.0M$4.6M$316K$781K 990 PDF
FY2023 Not on file
FY2022 $3.5M$3.3M$131K$183K 990 PDF
FY2021 Not on file
FY2020 $2.7M$2.6M$90K$184K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,968,087 across 9 lines filed
VIII-1f All other contributions, gifts and grants$44,224
VIII-1h Total contributions, gifts and grants$44,224
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,701,779$4,701,779
VIII-3 Investment incomeRelated to mission $272,102$272,102
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission −$50,018−$50,018
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $4,923,863$4,968,087
Part IX · Statement of functional expenses $4,817,767 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $8,363$8,363
IX-8 Pension plan contributionsPrograms $25,375$25,375
IX-9 Other employee benefitsPrograms $120,498$120,498
IX-10 Payroll taxesPrograms $1,434$1,434
IX-11a Management feesManagement $334,025$334,025
IX-11b Legal feesPrograms $33,554$33,554
IX-11c Accounting feesPrograms $10,300$10,300
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $60,669$60,669
IX-13 Office expensesPrograms $51,960$51,960
IX-14 Information technologyPrograms $343,875$343,875
IX-15 Royalties$0
IX-16 OccupancyPrograms $465,979$465,979
IX-17 TravelPrograms $24,853$24,853
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $661$661
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $60,997$60,997
IX-24 Other expenses (24a–d)Programs $2,818,269$2,818,269
IX-24e All other expensesPrograms $456,955$456,955
IX-25 Total functional expensesPrograms $4,483,742 · Management $334,025 · Fundraising $0$4,817,767
Part X · Balance sheet $2,486,522 assets, 20 lines filed
Asset lines not itemized here account for $40,359; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $362,668$165,803
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $124,897$34,224
X-8 Inventories for sale or useStart of year $37,921$37,921
X-9 Prepaid expenses and deferred chargesStart of year $172,510$0
X-10c Land, buildings and equipment, netStart of year $119,347$1,086,356
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $988,052$1,121,859
X-16 Total assetsStart of year $1,805,395$2,486,522
X-17 Accounts payable and accrued expensesStart of year $21,066$21,066
X-19 Deferred revenueStart of year $440,928$452,620
X-25 Other liabilitiesStart of year $562,123$1,081,238
X-26 Total liabilitiesStart of year $1,024,117$1,554,924
X-27 Net assets without donor restrictionsStart of year $781,278$931,598
X-32 Total net assets or fund balancesStart of year $781,278$931,598
X-33 Total liabilities and net assetsStart of year $1,805,395$2,486,522
Part XI · Reconciliation of net assets $931,598 net assets at year end
XI-1 Total revenue$4,968,087
XI-2 Total expenses$4,817,767
XI-3 Revenue less expenses$150,320
XI-4 Net assets at start of year$781,278
XI-10 Net assets at end of year$931,598

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

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