Adopt a Class Foundation INC FY2021 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 2005EducationEIN 20-2587299

Adopt A Class connects businesses, government, and civic partners with students from underserved communities. By pairing teams with individual classrooms, our adult mentors provide students exposure to a breadth of life and career experiences to increase their knowledge of career opportunities and expand their horizons with clearer self-vision. Continued on Schedule O.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$92K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 4
years in the black
Looks good: no deficit in the last 4 filings.
Pt I · Ln 19 · 4 filings
How much reaches the programs?
71%
of spending
Worth a look: 71% of spending went to programs; under 75% is worth a look.
Pt IX · Ln 25 · col B
What are leaders paid?
$92K
to officers and key staff · 26% of spending
Worth a look: leaders' pay is 26% of spending; over 15% is worth a look.
Pt VII · Sec A
Do they have reserves?
13 mo
of spending, in cash
Looks good: 13.3 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $15K
Worth a look: 2 funders name it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$300
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
17
independent of 17 voting board members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$374K
Spent
$352K
To programs
71%
Net assets
$391K
By yearFY2021–FY2024
Revenue
$374K
FY2021
Revenue by fiscal year
FY2021$374K
FY2022$425K
FY2023$662K
FY2024$1.4M
FY2024$1.2M
Expenses
$352K
FY2021
Expenses by fiscal year
FY2021$352K
FY2022$386K
FY2023$623K
FY2024$1.1M
FY2024$1.3M
Net assets
$391K
FY2021
Net assets by fiscal year
FY2021$391K
FY2022$430K
FY2023$468K
FY2024$713K
FY2024$577K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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

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 CAdopt a Class Foundation INC
EINHdr · item D20-2587299
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2006
Year of formationHdr · item L2005
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCincinnati, OH
NTEE classificationIRS BMFEducation (B90)
WebsiteHdr · item Jwww.aacmentors.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
Program services $0.71 Management & general $0.18 Fundraising $0.10
Program services71%$250K
Management & general18%$65K
Fundraising10%$36K
Total functional expensesLn 25$352K

Financial health

Is it on solid ground?

Program efficiency
71%
of spending reaches programs
Operating runway
13.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$391K
FY2021
Total assets by fiscal year
FY2021$391K
FY2022$453K
FY2023$473K
FY2024$799K
FY2024$686K
Total liabilities
$300
FY2021
Total liabilities by fiscal year
FY2021$300
FY2022$23K
FY2023$5K
FY2024$85K
FY2024$109K
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$391K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Balance Sheet

Part X · end of year
CashLn 1$390K
Total assetsLn 16$391K
Total liabilitiesLn 26$300
Total net assetsLn 32$391K
Months of cash on handcomputed13.3

Statement of Revenue

Part VIII
Contributions & grants$371K · 99%
Investment income$2K · 1%
Contributions & grants99%$371K
Investment income1%$2K
Other revenue$784
— government grantsLn 1e$45K
Total revenueLn 12$374K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $390K · Operating expenses/yr $352K
13.3 months
Where the money goes
Program services
Program services $250K · Total expenses $352K
71%
Management & General
Management & general $65K · Total expenses $352K
18%
Fundraising
Fundraising $36K · Total expenses $352K
10%
Cost to raise $1
Fundraising expense $36K · Solicited contributions $325K
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $371K · Total revenue $374K
99%
Government reliance
Government grants $45K · Total revenue $374K
12%
Earned-income share
Program service revenue $0 · Total revenue $374K
0%
Investment reliance
Investment income $2K · Total revenue $374K
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $352K
0%
Growth & trend
Revenue growth (YoY)
This year $374K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $391K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $374K · Expenses $352K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $391K
—
Net-asset ratio
Net assets $391K · Total assets $391K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $391K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sonya Fultz · Reported title Executive Director-started 3/14/20 · Highest reported compensation $76K · Total expenses $352K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $318K · Total expenses $352K
90%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 18%——
Fundraising cost ratio 10%——
Accounting fee ratio 1%——

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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director-Started 3/14/20
$76,148Pt VII · Sec A
Executive Director - Left 3/31/20
$16,066Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Sonya Fultz’s $137K as Executive Director is at the 57th percentile of top reported officer pay among 3394 $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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Sonya Fultz$136,960$120,921$108,863$102,088$76,148
Julie Shifman————$16,066

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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Governance & Policies

Part VI
  • 17Voting board membersPt VI · Ln 1a
  • 17Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Connects business professionals with young students as positive role models.

Provided by the organization

This section is blank until Adopt a Class Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $250K of program spending, described in the organization's own filed words · FY2020.
01

Donated funds were used to develop and implement programming that connects businesses and civic groups with students to inspire a corporate culture of teamwork and philanthropy and a hope and a future vision of what is possible for the youth in our community.

$250Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$15K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $1.4M$1.1M+111% 990 PDF
FY2023 $662K$623K+56% 990 PDF
FY2022 $425K$386K+14% 990 PDF
FY2021 Viewing $374K$352K 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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