Invested FY2024 filing

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Assist needy students in washington to help them get to school, stay in school and graduate.

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
$460K 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

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
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
1 of 6
filings with a surplus
Average deficit $110K a year · 5% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$460K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $7.6M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $7.6M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $158K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$273K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-11% vs prior year
Spent
$1.7M
To programs
43%
Net assets
$7.9M
By yearFY2020–FY2025
Revenue
$1.1M
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$5.1M
FY2022$1.3M
FY2023$1.2M
FY2024$1.1M
FY2025$2.8M
Expenses
$1.7M
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$5.1M
FY2022$1.7M
FY2023$1.8M
FY2024$1.7M
FY2025$1.1M
Net assets
$7.9M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.2M
FY2021$10.6M
FY2022$8.4M
FY2023$8.2M
FY2024$7.9M
FY2025$8.6M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Jan 2015.

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

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $743K Management & general 24% · $421K Fundraising 33% · $568K

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

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Who runs it and what they're paid

25 people listed on the 990; $460K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director (until 12/2023)
$211,301Pt VII · Sec A
Director of Develop (until 04/2024)
$143,365Pt VII · Sec A
Director of Marketing
$105,769Pt VII · Sec A
$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

David Hartness’s $108K as Operations & Program Director is at the 37th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joyce a Walters—$211,301$153,432$131,137$118,835—
Barney Herrera—$143,365————
Joyce Walters—————$108,795
David Hartness$108,243—————
Aformia Seleshi—$105,769————

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.

See Invested 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 15aYes

Programs and updates

Helps Washington students get to, stay in, and graduate school.

Questions for Invested

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Your first name shows with your question. Invested answers here, for everyone.

2 programs · $743K · in their own filed words · FY2023
01

Each year, the organization provides program funding directly to secondary schools to make funds available for immediate use with minimal bureaucracy. With input from those who are closest to the students - their teachers, counselors or coaches - the school's local team funds items that specific students need, but cannot afford, allowing…

$455Kprogram expense
02

The organization has student equity through every donation program to allow donors to designate funds to be used at specific schools. The organization provided $69,527 in student equity through every donation funds during the year.

$287Kprogram 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
See all 10 funders →
Grants paid · 149 grants · $2.5M · 2019–2024
Rainier Beach High SchoolFY2024$40,820
Garfield High SchoolFY2024$11,140
Interagency AcademyFY2024$10,540
Aki Kurose Middle SchoolFY2024$10,520
Franklin High SchoolFY2024$10,510
Washington Middle School - SeattleFY2024$10,220
McKnight Middle SchoolFY2024$7,500
Kamiakin Middle SchoolFY2024$5,638
Medical Lake School DistrictFY2023$27,170
Riverside School DistrictFY2023$11,500
Juanita High SchoolFY2023$10,780
John R Rogers High SchoolFY2023$6,898
Ridgefield High SchoolFY2023$5,490
Rainier Beach High SchoolFY2022$11,320
Chief Sealth International High SchoolFY2022$6,940
Mariner High SchoolFY2022$5,095
Mount Baker School DistrictFY2021$10,000
Brewster School DistrictFY2021$10,000
See all 149 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$600K
Investment incomeLn 3$463K
Money outPt IX
$1.7M
Ln 25
Programscol B$743K
Managementcol C$421K
Fundraisingcol D$568K
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$8.2M
LiabilitiesLn 26$273K
PeoplePt VI, VII
25
listed · VII A
PaidVII A3
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$600K
Government grantsLn 1e$251K
Investment incomeLn 3$463K
Gains on assetsLn 7$214K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$109K
Cash and savings togetherLn 1–2$109K
InvestmentsLn 11–13$7.6M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$206K
Total assetsLn 16$8.2M
LiabilitiesLn 26$273K
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 59
VolunteersI 655
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$41K$109K
InvestmentsLn 11–13$8.0M$7.6M
Land, buildings, equipmentLn 10c$1K$0
Total assetsLn 16$8.6M$8.2M
LiabilitiesLn 26$398K$273K
Net assetsLn 32$8.2M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$455K$455K
Pay of current officers, directors and key staffLn 5$134K$34K$101K
Other salaries and wagesLn 7$615K$133K$28K$454K
Pension plan contributionsLn 8$15K$4K−$376$11K
Other employee benefitsLn 9$49K$15K$4K$29K
Payroll taxesLn 10$57K$13K$8K$37K
Accounting feesLn 11c$105K$105K
Investment management feesLn 11f$30K$30K
Other fees for servicesLn 11g$62K$44K$18K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$21K$7K$11K$4K
Information technologyLn 14$66K$37K$28K$2K
OccupancyLn 16$81K$81K
TravelLn 17$5K$60$865$5K
Conferences, conventions and meetingsLn 19$2K$164$850$562
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$10K$2K$8K
Total functional expensesLn 25$1.7M$743K$421K$568K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 20, 2025 $2.8M$1.1M$1.7M$8.6M 990 PDF
FY2024 ViewingFiled with the IRS Apr 23, 2025 $1.1M$1.7M−$668K$7.9M 990 PDF
FY2023Filed with the IRS May 9, 2024 $1.2M$1.8M−$611K$8.2M 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.3M$1.7M−$404K$8.4M 990 PDF
FY2021Filed with the IRS May 13, 2022 $5.1M$5.1M−$53K$10.6M 990 PDF
FY2020Filed with the IRS Feb 11, 2021 $1.9M$2.6M−$670K$9.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,063,238 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $953,863$599,884
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $325,808$463,354
I-11 Other revenuePrior year −$85,992$0
I-12 Total revenuePrior year $1,193,679$1,063,238
I-13 Grants and similar amounts paidPrior year $494,387$455,437
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $830,687$870,634
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $479,703$405,173
I-18 Total expensesPrior year $1,804,777$1,731,244
I-19 Revenue less expensesPrior year −$611,098−$668,006
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,063,238 across 7 lines filed
VIII-1a Federated campaigns$1,815
VIII-1e Government grants$250,511
VIII-1f All other contributions, gifts and grants$347,558
VIII-1h Total contributions, gifts and grants$599,884
VIII-3 Investment incomeExcluded from tax $249,415$249,415
VIII-7 Net gain or loss on sales of assetsExcluded from tax $213,939$213,939
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $463,354$1,063,238
Part IX · Statement of functional expenses $1,731,244 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $455,437$455,437
IX-5 Pay of current officers, directors and key staffPrograms $33,573 · Management $100,719$134,292
IX-7 Other salaries and wagesPrograms $133,114 · Management $28,142 · Fundraising $454,034$615,290
IX-8 Pension plan contributionsPrograms $3,596 · Management −$376 · Fundraising $11,341$14,561
IX-9 Other employee benefitsPrograms $15,468 · Management $4,491 · Fundraising $29,290$49,249
IX-10 Payroll taxesPrograms $12,647 · Management $7,581 · Fundraising $37,014$57,242
IX-11c Accounting feesManagement $104,569$104,569
IX-11f Investment management feesManagement $30,000$30,000
IX-11g Other fees for servicesPrograms $43,803 · Management $18,361$62,164
IX-12 Advertising and promotionFundraising $16,939$16,939
IX-13 Office expensesPrograms $6,504 · Management $10,685 · Fundraising $3,964$21,153
IX-14 Information technologyPrograms $36,758 · Management $27,692 · Fundraising $2,002$66,452
IX-16 OccupancyManagement $80,799$80,799
IX-17 TravelPrograms $60 · Management $865 · Fundraising $4,532$5,457
IX-19 Conferences, conventions and meetingsPrograms $164 · Management $850 · Fundraising $562$1,576
IX-22 Depreciation, depletion and amortizationPrograms $1,418$1,418
IX-23 InsuranceManagement $4,568$4,568
IX-24 Other expenses (24a–d)Management $2,119 · Fundraising $7,959$10,078
IX-25 Total functional expensesPrograms $742,542 · Management $421,065 · Fundraising $567,637$1,731,244
Part X · Balance sheet $8,168,259 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $41,472$108,854
X-3 Pledges and grants receivableStart of year $172,311$20,557
X-9 Prepaid expenses and deferred chargesStart of year $183,051$187,746
X-10c Land, buildings and equipment, netStart of year $1,095$0
X-11 Publicly traded securitiesStart of year $7,958,342$7,645,146
X-15 Other assetsStart of year $252,604$205,956
X-16 Total assetsStart of year $8,622,593$8,168,259
X-17 Accounts payable and accrued expensesStart of year $137,999$56,594
X-25 Other liabilitiesStart of year $260,192$216,114
X-26 Total liabilitiesStart of year $398,191$272,708
X-27 Net assets without donor restrictionsStart of year $7,984,165$7,693,121
X-28 Net assets with donor restrictionsStart of year $240,237$202,430
X-32 Total net assets or fund balancesStart of year $8,224,402$7,895,551
X-33 Total liabilities and net assetsStart of year $8,622,593$8,168,259
Part XI · Reconciliation of net assets $7,895,551 net assets at year end
XI-1 Total revenue$1,063,238
XI-2 Total expenses$1,731,244
XI-3 Revenue less expenses−$668,006
XI-4 Net assets at start of year$8,224,402
XI-5 Net unrealized gains (losses) on investments$339,155
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,895,551

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

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