Evsc Foundation INC FY2023 filing

Tax-deductible

Evansville, IN501(c)(3)Foundations & GrantmakersEIN 26-2863843Revenue $3.0M in FY2023

On file with the IRSevscfoundation.org951 Walnut St, 47713-1850 · Evansville, INTax-exempt since Feb 2009Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Evsc Foundation is to enhance educational opportunities through the development of individual and community partnerships which generate the financial resources necessary to support extraordinary learning experiences, ensuring greater student success.

501(c)(3) charity; gifts are tax-deductible.
87¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $476K a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $74K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$60K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+53% vs prior year
Spent
$3.0M
To programs
87%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$3.0M
FY2023▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.2M
FY2022$1.9M
FY2023$3.0M
FY2024$3.2M
Expenses
$3.0M
FY2023▲ +77%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.7M
FY2023$3.0M
FY2024$2.3M
Net assets
$6.4M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$5.2M
FY2022$6.0M
FY2023$6.4M
FY2024$7.5M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2009.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $2.6M Management & general 12% · $359K Fundraising 1% · $33K

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.

Part VII, Section A · reportable compensation
Past Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
See Evsc Foundation INC 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

Funds extraordinary learning experiences to improve student success through partnerships.

Provided by the organization

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2 programs · $2.6M · in their own filed words · FY2023
01

School Programs

Includes the hamman funds for needy students, scoreboard sponsorship and affinity card program both to support athletics and academics, athletic training coverage,scholarships, and other various school programs.

$2.0Mprogram expense
02

Evsc Support Program

The program provides a variety of different forms of general support to evsc. Allocations were used to fund the production of informational materials including the evsc parent calendar and other innovative school pamphlets.

$536Kprogram expense

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
See all 4 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$150K
Other incomeLn 4–11$53K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.6M
Managementcol C$359K
Fundraisingcol D$33K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$6.5M
LiabilitiesLn 26$60K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$150K
Other incomeLn 4–11$53K
Gains on assetsLn 7$27K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$911K
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$3.0M
Land, buildings, equipmentLn 10c$755K
Total assetsLn 16$6.5M
LiabilitiesLn 26$60K
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 513
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.5M$2.6M
InvestmentsLn 11–13$2.7M$3.0M
Land, buildings, equipmentLn 10c$778K$755K
Total assetsLn 16$6.0M$6.5M
LiabilitiesLn 26$55K$60K
Net assetsLn 32$6.0M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$282K$141K$141K
Other employee benefitsLn 9$21K$11K$11K
Payroll taxesLn 10$25K$12K$12K
Management feesLn 11a$38K$38K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$28K$28K
Other fees for servicesLn 11g$86K$673$85K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$5K$5K
Information technologyLn 14$6K$6K
TravelLn 17$64$64
Conferences, conventions and meetingsLn 19$452$452
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$2.4M$2.4M$33K
All other expensesLn 24e$31K$21K$10K
Total functional expensesLn 25$3.0M$2.6M$359K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.2M$2.3M$906K$7.5M 990 PDF
FY2023 Viewing $3.0M$3.0M$8K$6.4M 990 PDF
FY2022 $1.9M$1.7M$265K$6.0M 990 PDF
FY2021 $2.2M$1.4M$779K$5.2M 990 PDF
FY2020 $1.6M$1.2M$423K$4.3M 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 $2,980,015 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,593,026$2,777,094
I-9 Program service revenue$0
I-10 Investment incomePrior year $316,224$149,548
I-11 Other revenuePrior year $35,537$53,373
I-12 Total revenuePrior year $1,944,787$2,980,015
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $367,191$327,704
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,312,891$2,644,097
I-18 Total expensesPrior year $1,680,082$2,971,801
I-19 Revenue less expensesPrior year $264,705$8,214
Part VI · Governance 25 of 25 board members independent, 2 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $2,980,015 across 9 lines filed
VIII-1f All other contributions, gifts and grants$2,777,094
VIII-1h Total contributions, gifts and grants$2,777,094
VIII-3 Investment incomeExcluded from tax $122,232$122,232
VIII-5 RoyaltiesExcluded from tax $22,117$22,117
VIII-6 Net rental income or lossExcluded from tax −$17,236−$17,236
VIII-7 Net gain or loss on sales of assetsRelated to mission $27,316$27,316
VIII-8 Net income from fundraising eventsExcluded from tax $8,624$8,624
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,868$39,868
VIII-12 Total revenueRelated to mission $67,184 · Excluded from tax $135,737$2,980,015
Part IX · Statement of functional expenses $2,971,801 across 16 lines filed
IX-7 Other salaries and wagesPrograms $140,818 · Management $140,817$281,635
IX-9 Other employee benefitsPrograms $10,618 · Management $10,617$21,235
IX-10 Payroll taxesPrograms $12,417 · Management $12,417$24,834
IX-11a Management feesManagement $37,633$37,633
IX-11b Legal feesManagement $1,668$1,668
IX-11c Accounting feesManagement $11,865$11,865
IX-11f Investment management feesManagement $27,739$27,739
IX-11g Other fees for servicesPrograms $673 · Management $85,296$85,969
IX-12 Advertising and promotionManagement $2,183$2,183
IX-13 Office expensesManagement $5,480$5,480
IX-14 Information technologyManagement $6,029$6,029
IX-17 TravelManagement $64$64
IX-19 Conferences, conventions and meetingsManagement $452$452
IX-23 InsuranceManagement $6,833$6,833
IX-24 Other expenses (24a–d)Programs $2,393,965 · Fundraising $32,909$2,426,874
IX-24e All other expensesPrograms $21,419 · Management $9,889$31,308
IX-25 Total functional expensesPrograms $2,579,910 · Management $358,982 · Fundraising $32,909$2,971,801
Part X · Balance sheet $6,450,721 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $880,407$911,040
X-2 Savings and temporary cash investmentsStart of year $1,664,130$1,735,798
X-3 Pledges and grants receivableStart of year $40,661$18,669
X-9 Prepaid expenses and deferred chargesStart of year $16,250$19,995
X-10c Land, buildings and equipment, netStart of year $778,465$754,909
X-11 Publicly traded securitiesStart of year $2,669,911$3,010,310
X-16 Total assetsStart of year $6,049,824$6,450,721
X-17 Accounts payable and accrued expensesStart of year $44,100$48,895
X-25 Other liabilitiesStart of year $11,005$10,899
X-26 Total liabilitiesStart of year $55,105$59,794
X-27 Net assets without donor restrictionsStart of year $1,845,945$1,821,962
X-28 Net assets with donor restrictionsStart of year $4,148,774$4,568,965
X-32 Total net assets or fund balancesStart of year $5,994,719$6,390,927
X-33 Total liabilities and net assetsStart of year $6,049,824$6,450,721
Part XI · Reconciliation of net assets $6,390,927 net assets at year end
XI-1 Total revenue$2,980,015
XI-2 Total expenses$2,971,801
XI-3 Revenue less expenses$8,214
XI-4 Net assets at start of year$5,994,719
XI-5 Net unrealized gains (losses) on investments$366,575
XI-9 Other changes in net assets$21,419
XI-10 Net assets at end of year$6,390,927

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

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