Education Action Group Foundation EIN 26-0877115 Form 990 (PDF) Claim this org

Education Action Group Foundation

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Examines, discusses, and publicizes ideas about education to inform policymakers and the public. For fiscal year 2024 it reported $387K in revenue, $490K in expenses, and $-12K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Norton Shores, MI
Filings
5 on file (2020–2024)
Revenue
$387KFY2024
Expenses
$490K
Net assets
$-12K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-0877115 Public charity (501(c)(3)) Norton Shores, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Examines, discusses, and publicizes ideas about education to inform policymakers and the public.
Leadership
Garry Olson · President
Money in and out
$387K revenue, $490K expenses
Bottom line
0.7% program efficiency
Where the money goes · FY2024
Total revenue
$387K
Pt VIII · Ln 12
Total expenses
$490K
Pt IX · Ln 25
Net assets
$-12K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$104K
Where spending went · Part IX cols B–D
Program services $0.01 Management & general $0.99
Program efficiency
0.7%
of spending reaches programs▼ -97% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Surplus margin
-27%
revenue over expenses, this year▼ -210% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$387K
FY2024▼ -52%
Expenses
$490K
FY2024▼ -19%
Total assets
$1K
FY2024▼ -99%
Total liabilities
$13K
FY2024▼ -86%
Total revenue
$387K
Pt VIII · Ln 12
Total expenses
$490K
Pt IX · Ln 25
Net assets
$-12K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$104K
Total assetsPt X · Ln 16$1K
Program-expense ratioPt IX · col B0.7%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEducation Action Group Foundation
EINHdr · item D26-0877115
Principal addressHdr · item CNorton Shores, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B032)
Ruling yearIRS BMFDec 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $4K of program spending, described in the organization's own filed words · FY2024.
01

Education action group produces analyses of school spending, policy proposals impacting public education, and publishes research and news articles related to the governance of and activities in public schools.

$4Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$387K
Total revenueLn 12$387K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.01 Management & general $0.99
Program services1%$4K
Management & general99%$487K
Total functional expensesLn 25$490K

Balance Sheet

Part X · end of year
CashLn 1$1K
Total assetsLn 16$1K
Total liabilitiesLn 26$13K
Total net assetsLn 32$-12K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1K · Operating expenses/yr $490K
0.0 months
Where the money goes
Program services
Program services $4K · Total expenses $490K
0.7%
Management & General
Management & general $487K · Total expenses $490K
99%
Fundraising
Fundraising $0 · Total expenses $490K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $718 · Solicited contributions (3-yr avg) $396K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $387K · Total revenue $387K
100%
Government reliance
Government grants — · Total revenue $387K
Earned-income share
Program service revenue $0 · Total revenue $387K
0%
Investment reliance
Investment income $0 · Total revenue $387K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $490K
0%
Growth & trend
Revenue growth (YoY)
This year $387K · Prior year $800K
-52%
Net-asset trend (YoY)
End of year $-12K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $387K · Expenses $490K
-27%
Liabilities-to-Assets
Total liabilities — · Total assets $1K
Net-asset ratio
Net assets $-12K · Total assets $1K
-1122%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Garry Olson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $490K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $490K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 0.7%
Overhead ratio 99%
Fundraising cost ratio 0%
Revenue growth -52%
Legal fee ratio 2%
Accounting fee ratio 0.5%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Donors Trust INCFY2024$175K
Total grants receivedfrom 2 funders$225K
Grants paid · 1 grant · $25K · 2023–2023
Courage Is a HabitIN · FY2023$25,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$387K revenue · viewing · ⤓ 990 PDF
FY2023$800K revenue · ⤓ 990 PDF
FY2022$77 revenue · ⤓ 990 PDF
FY2021$12K revenue · ⤓ 990 PDF
FY2020$4K revenue · ⤓ 990 PDF

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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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