Alternative Education Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 20-1776950)

Revenue by fiscal year
FY2020	$2.7M
FY2022	$3.5M
FY2024	$5.0M
FY2024	$5.0M

Expenses by fiscal year
FY2020	$2.6M
FY2022	$3.3M
FY2024	$4.6M
FY2024	$4.8M

Net assets by fiscal year
FY2020	$184K
FY2022	$183K
FY2024	$781K
FY2024	$932K

Alternative Education Foundation INC Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Status and standing

Is it real, and can you give to it?

Tax-deductible?

Yes

Per the IRS master file.

Can I give now?

No revocation on IRS record

Not on the IRS revocation list.

Filing up to date?

Filed FY2024 (typical filing lag)

Legal name (IRS)Hdr · item CAlternative Education Foundation INC

EINHdr · item D20-1776950

Exempt statusHdr · item I501(c)(3) · active

Ruling yearIRS BMFFeb 2006

Year of formationHdr · item L2004

Latest filingForm 990FY2024 · Form 990

Principal addressHdr · item CDavie, FL

NTEE classificationIRS BMFEducation (B12)

WebsiteHdr · item Jalternativeeducationfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

93%

Program services $0.93 Management & general $0.07

Program services93%$4.5M

Management & general7%$334K

Total functional expensesLn 25$4.8M

Financial health

Is it on solid ground?

Program efficiency

93%

of spending reaches programs▲ +0.7% vs prior filing year

Operating runway

0.4mo

months of highly liquid reserves at operating expense rate▼ -56% vs prior filing year

Surplus margin

+3%

revenue over expenses, this year▼ -53% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Total assets

$2.5M

FY2024▲ +38%

Total assets by fiscal year
FY2020	$703K
FY2022	$822K
FY2024	$1.8M
FY2024	$2.5M

Total liabilities

$1.6M

FY2024▲ +52%

Total liabilities by fiscal year
FY2020	$518K
FY2022	$638K
FY2024	$1.0M
FY2024	$1.6M

Revenue less expensesPt I · Ln 19$150K

Total assetsPt X · Ln 16$2.5M

Program-expense ratioPt IX · col B93%

Voting members of governing bodyPt I · Ln 37

Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year

CashLn 1$166K

Total assetsLn 16$2.5M

Total liabilitiesLn 26$1.6M

Total net assetsLn 32$932K

Months of cash on handcomputed0.4

Statement of Revenue

Part VIII

Program service revenue$4.7M · 95%

Investment income$272K · 5%

Contributions & grants$44K · 1%

Program service revenue95%$4.7M

Investment income5%$272K

Contributions & grants1%$44K

Total revenueLn 12$5.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $166K · Operating expenses/yr $4.8M

0.4 months

Where the money goes

Program services

Program services $4.5M · Total expenses $4.8M

93%

Management & General

Management & general $334K · Total expenses $4.8M

Fundraising

Fundraising $0 · Total expenses $4.8M

Cost to raise $1

Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $25K

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $44K · Total revenue $5.0M

0.9%

Government reliance

Government grants — · Total revenue $5.0M

—

Earned-income share

Program service revenue $4.7M · Total revenue $5.0M

95%

Investment reliance

Investment income $272K · Total revenue $5.0M

+5%

Program self-sufficiency

Program service revenue $4.7M · Total expenses $4.8M

98%

Growth & trend

Revenue growth (YoY)

This year $5.0M · Prior year $5.0M

+0.3%

Revenue CAGR

FY2019 $2.7M · FY2024 $5.0M

+13%

Net-asset trend (YoY)

End of year $932K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $5.0M · Expenses $4.8M

+3%

Liabilities-to-Assets

Total liabilities — · Total assets $2.5M

—

Net-asset ratio

Net assets $932K · Total assets $2.5M

37%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.5M

People & payroll

Highest Reported Total Compensation

Individual Christy Hierholzer · Reported title Vice President · Highest reported compensation $0 · Total expenses $4.8M

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $156K · Total expenses $4.8M

Peer comparison

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

Metric	This org	Peer median	Percentile
Program ratio	93%	—	—
Overhead ratio	7%	—	—
Revenue growth	0.3%	—	—

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Christy Hierholzer

Vice President

$0Pt VII · Sec A

Lisa Rabinsky

Board Member

$0Pt VII · Sec A

Gregory Serfer

Officer

$0Pt VII · Sec A

Mark Stavitsky

President

$0Pt VII · Sec A

Clarence Thomas

Board Member

$0Pt VII · Sec A

Roberta Randel

Secretary

$0Pt VII · Sec A

Lance Fein

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.

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Governance & Policies

Part VI

7Voting board membersPt VI · Ln 1a
–Independent board membersPt VI · Ln 1b
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
Top official’s pay independently reviewedPt VI · Ln 15aNo
Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

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

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

The Selma and Irving Ettenberg FoundationFY2024$7K

Total grants receivedfrom 1 funder$7K

Filing history

Every return on file.

Year	Revenue	Expenses	Change	Filing
FY2024	$5.0M	$4.6M	+43%	990 PDF
FY2023	Not on file
FY2022	$3.5M	$3.3M	+29%	990 PDF
FY2021	Not on file
FY2020	$2.7M	$2.6M		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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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