Teays Valley Educational Foundation FY2023 filing

Tax-deductible

Ashville, OH501(c)(3)EducationEIN 20-8690166Revenue $284K in FY2023

On file with the IRStvsd.us/educational_foundationPo Box 146, 43103-0146 · Ashville, OHTax-exempt since Jul 2008Publicly supported charity — 170(b)(1)(A)(vi)

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To support the development and implementaion of school improvement initiatives, model programs, award grants and scholarships, and leverage community resources to support, strengthen, and improve public education in the Teays Valley local schools.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 $6K a year · 2% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $187K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$284K
-2% vs prior year
Spent
$270K
To programs
100%
Net assets
$438K
By yearFY2020–FY2025
Revenue
$284K
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$266K
FY2022$289K
FY2023$284K
FY2024$336K
FY2025$339K
Expenses
$270K
FY2023▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$340K
FY2021$286K
FY2022$291K
FY2023$270K
FY2024$270K
FY2025$293K
Net assets
$438K
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$377K
FY2021$411K
FY2022$396K
FY2023$438K
FY2024$505K
FY2025$693K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2008.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $270K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Teays Valley Educational 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 15aNo

Programs and updates

Improves public education by funding initiatives, programs, grants, and scholarships.

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Provided by the organization

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2 programs · $270K · in their own filed words · FY2022
01

To provide endowed scholarships and administer scholarships for graduating seniors. The organization also holds a recognition dinner for the top ten graduating seniors each year.

$203Kprogram expense
02

To provide classroom grants and awards to teachers, staff and students for enrichment and to support the curriculum.

$67Kprogram 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 1 funder$187K
Grants paid · 12 grants · $1.7M · 2019–2024
Unitemized GrantFY2024$209,100
Individual RecipientFY2024$80,903
Unitemized GrantFY2023$204,500
Tvlsd - Various Classroom GrantsFY2023$61,820
Unitemized GrantFY2022$201,500
Tvlsd - Various Classroom GrantsFY2022$65,660
Unitemized GrantFY2021$218,900
Individual RecipientFY2021$68,855
Unitemized GrantFY2020$232,902
Individual RecipientFY2020$50,470
Unitemized GrantFY2019$255,400
Individual RecipientFY2019$82,291

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$284K
Ln 12
Gifts and grantsLn 1h$283K
Investment incomeLn 3$653
Money outPt IX
$270K
Ln 25
Programscol B$270K
Owns and owesPt X
$438K
net assets · Ln 32
Cash and savingsLn 1–2$434K
Total assetsLn 16$438K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$283K
Noncash giftsLn 1g$50K
Fundraising eventsLn 1c$85K
Investment incomeLn 3$653
Total revenueLn 12$284K
Assets in detailPt X, end of year
CashLn 1$434K
Cash and savings togetherLn 1–2$434K
Total assetsLn 16$438K
LiabilitiesLn 26$0
Net assetsLn 32$438K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$395K$434K
Total assetsLn 16$396K$438K
LiabilitiesLn 26$0$0
Net assetsLn 32$396K$438K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$66K$66K
Grants to domestic individualsLn 2$202K$202K
Accounting feesLn 11c$550$550
Advertising and promotionLn 12$100$100
Office expensesLn 13$219$219
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$270K$270K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $339K$293K$46K$693K 990 PDF
FY2024 $336K$270K$66K$505K 990 PDF
FY2023 Viewing $284K$270K$14K$438K 990 PDF
FY2022 $289K$291K−$2K$396K 990 PDF
FY2021 $266K$286K−$20K$411K 990 PDF
FY2020 $274K$340K−$66K$377K 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 FY2023 990 (6 parts)
Part I · Summary $283,965 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $288,849$283,312
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $179$653
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $289,028$283,965
I-13 Grants and similar amounts paidPrior year $287,755$267,160
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 $3,001$3,048
I-18 Total expensesPrior year $290,756$270,208
I-19 Revenue less expensesPrior year −$1,728$13,757
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $283,965 across 7 lines filed
VIII-1c Fundraising events$85,398
VIII-1f All other contributions, gifts and grants$197,914
VIII-1g Noncash contributions (included above)$49,700
VIII-1h Total contributions, gifts and grants$283,312
VIII-3 Investment incomeExcluded from tax $653$653
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $653$283,965
Part IX · Statement of functional expenses $270,208 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $65,660$65,660
IX-2 Grants to domestic individualsPrograms $201,500$201,500
IX-11c Accounting feesPrograms $550$550
IX-12 Advertising and promotionPrograms $100$100
IX-13 Office expensesPrograms $219$219
IX-23 InsurancePrograms $1,017$1,017
IX-24 Other expenses (24a–d)Programs $1,162$1,162
IX-25 Total functional expensesPrograms $270,208 · Management $0 · Fundraising $0$270,208
Part X · Balance sheet $438,247 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $395,198$434,400
X-9 Prepaid expenses and deferred chargesStart of year $791$3,847
X-16 Total assetsStart of year $395,989$438,247
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $395,989$438,247
X-32 Total net assets or fund balancesStart of year $395,989$438,247
X-33 Total liabilities and net assetsStart of year $395,989$438,247
Part XI · Reconciliation of net assets $438,247 net assets at year end
XI-1 Total revenue$283,965
XI-2 Total expenses$270,208
XI-3 Revenue less expenses$13,757
XI-4 Net assets at start of year$395,989
XI-9 Other changes in net assets$28,501
XI-10 Net assets at end of year$438,247

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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