First Community Foundation

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Public charter school supporting organization.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.9M a year · 54% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $2.9M in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $2.9M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $60K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-36% vs prior year
Spent
$3.9M
To programs
99%
Net assets
$15.6M
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▼ -36%
Tap a bar for its year
Revenue by fiscal year
FY2020$449K
FY2021$479K
FY2022$7.1M
FY2023$6.0M
FY2024$4.3M
FY2025$2.7M
Expenses
$3.9M
FY2025▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2020$680K
FY2021$633K
FY2022$802K
FY2023$1.1M
FY2024$2.5M
FY2025$3.9M
Net assets
$15.6M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.4M
FY2022$9.6M
FY2023$14.5M
FY2024$16.5M
FY2025$15.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2006.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $3.8M Management & general 1% · $43K

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

Something off? Claim to add context

Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See First Community Foundation executive salaries →

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

Supports public charter schools by providing resources and guidance.

Questions for First Community Foundation

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1 program · $3.8M · in their own filed words · FY2024
01

The first community foundation ("the foundation," formerly the east side community learning center foundation), was organized on february 7, 2006 and commenced operations on august 25, 2006 as a nonprofit corporation to operate exclusively for the benefit of the eastside charter school (a public charter school chartered under the…

$3.8Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$60K
Grants paid · 9 grants · $7.2M · 2019–2024
Eastside Stem Hub INCDE · FY2024$3,216,688
Unitemized GrantFY2024$43,200
Eastside Stem Hub INCDE · FY2023$1,947,269
Eastside Stem Hub INCDE · FY2022$430,000
Unitemized GrantFY2019$36,520

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.6M federal money spent
Economic Development Initiative, Community Project Funding, and Miscellaneous GrantsDepartment of Housing and Urban Development · ALN 14.251 · Direct$1.6M

The auditor reported no findings.

Year ending Jun 2024 · $1.4M federal money spent
Economic Development Initiative, Community Project Funding, and Miscellaneous GrantsDepartment of Housing and Urban Development · ALN 14.251 · Direct$1.4M

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$298K
Other incomeLn 4–11$720
Money outPt IX
$3.9M
Ln 25
Programscol B$3.8M
Managementcol C$43K
Owns and owesPt X
$15.6M
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$18.7M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$1.6M
Investment incomeLn 3$298K
Other incomeLn 4–11$720
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$163K
Cash and savings togetherLn 1–2$163K
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$4.8M
Other assetsLn 15$209K
Total assetsLn 16$18.7M
LiabilitiesLn 26$3.0M
Net assetsLn 32$15.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$1.4M$1.3M$1.2M$1.1M$1.2M
Given inLn 1b$301
SpentLn 1d–1f−$53K$66K$40K$36K$58K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$262K$163K
InvestmentsLn 11–13$3.3M$2.9M
Land, buildings, equipmentLn 10c$2.4M$4.8M
Total assetsLn 16$17.1M$18.7M
LiabilitiesLn 26$637K$3.0M
Net assetsLn 32$16.5M$15.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.6M$3.6M
Grants to domestic individualsLn 2$43K$43K
Legal feesLn 11b$820$820
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$18K$18K
Office expensesLn 13$9K$9K
InterestLn 20$39K$39K
Depreciation, depletion and amortizationLn 22$105K$105K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$3.9M$3.8M$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 16, 2026 $2.7M$3.9M−$1.1M$15.6M 990 PDF
FY2024Filed with the IRS May 12, 2025 $4.3M$2.5M$1.7M$16.5M 990 PDF
FY2023Filed with the IRS May 15, 2024 $6.0M$1.1M$4.9M$14.5M 990 PDF
FY2022Filed with the IRS May 12, 2023 $7.1M$802K$6.3M$9.6M 990 PDF
FY2021Filed with the IRS May 16, 2022 $479K$633K−$154K$3.4M 990 PDF
FY2020Filed with the IRS May 17, 2021 $449K$680K−$231K$3.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,720,123 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,866,007$2,421,167
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $395,992$298,236
I-11 Other revenuePrior year $1,049$720
I-12 Total revenuePrior year $4,263,048$2,720,123
I-13 Grants and similar amounts paidPrior year $2,310,615$3,664,150
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $237,870$186,853
I-18 Total expensesPrior year $2,548,485$3,851,003
I-19 Revenue less expensesPrior year $1,714,563−$1,130,880
Part VI · Governance 18 of 19 board members independent, 3 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,720,123 across 6 lines filed
VIII-1e Government grants$1,632,467
VIII-1f All other contributions, gifts and grants$788,700
VIII-1h Total contributions, gifts and grants$2,421,167
VIII-3 Investment incomeExcluded from tax $298,236$298,236
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $720$720
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $298,956$2,720,123
Part IX · Statement of functional expenses $3,851,003 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $3,620,950$3,620,950
IX-2 Grants to domestic individualsPrograms $43,200$43,200
IX-11b Legal feesManagement $820$820
IX-11c Accounting feesManagement $11,729$11,729
IX-11g Other fees for servicesManagement $17,732$17,732
IX-13 Office expensesManagement $9,050$9,050
IX-20 InterestPrograms $38,502$38,502
IX-22 Depreciation, depletion and amortizationPrograms $105,274$105,274
IX-24 Other expenses (24a–d)Management $3,746$3,746
IX-25 Total functional expensesPrograms $3,807,926 · Management $43,077 · Fundraising $0$3,851,003
Part X · Balance sheet $18,663,100 assets, 13 lines filed
Asset lines not itemized here account for $10,022,135; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $261,583$162,685
X-3 Pledges and grants receivableStart of year $257,985$295,785
X-4 Accounts receivableStart of year $702,203$328,730
X-10c Land, buildings and equipment, netStart of year $2,352,972$4,772,162
X-11 Publicly traded securitiesStart of year $3,319,379$2,872,650
X-15 Other assetsStart of year $208,953$208,953
X-16 Total assetsStart of year $17,125,210$18,663,100
X-17 Accounts payable and accrued expensesStart of year $634,832$250,496
X-26 Total liabilitiesStart of year $636,538$3,049,819
X-27 Net assets without donor restrictionsStart of year $11,425,445$13,820,274
X-28 Net assets with donor restrictionsStart of year $5,063,227$1,793,007
X-32 Total net assets or fund balancesStart of year $16,488,672$15,613,281
X-33 Total liabilities and net assetsStart of year $17,125,210$18,663,100
Part XI · Reconciliation of net assets $15,613,281 net assets at year end
XI-1 Total revenue$2,720,123
XI-2 Total expenses$3,851,003
XI-3 Revenue less expenses−$1,130,880
XI-4 Net assets at start of year$16,488,672
XI-5 Net unrealized gains (losses) on investments$255,489
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,613,281

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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