Turtleback Education Foundation FY2024 filing

Tax-deductible

San Diego, CA501(c)(3)Foundations & GrantmakersEIN 26-4416125

The mission of the Foundation is to develop well-rounded students who love learning, demonstrate character, and build community

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Looks good: no deficit in the last 5 filings.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
60%
of spending
Worth a look: 60% of spending went to programs; under 75% is worth a look.
Pt IX · Ln 25 · col B
Do they have reserves?
32 mo
of spending, in cash
Looks good: 32.1 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $160
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$0
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
0
independent of 7 voting board members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$90K
-22% vs prior year
Spent
$77K
To programs
60%
Net assets
$207K
By yearFY2020–FY2025
Revenue
$90K
FY2024▼ -22%
Revenue by fiscal year
FY2020$125K
FY2021$59K
FY2022$91K
FY2023$116K
FY2024$90K
FY2025$77K
Expenses
$77K
FY2024▼ -22%
Expenses by fiscal year
FY2020$110K
FY2021$42K
FY2022$51K
FY2023$99K
FY2024$77K
FY2025Not on file
Net assets
$207K
FY2024▲ +7%
Net assets by fiscal year
FY2020$120K
FY2021$137K
FY2022$177K
FY2023$194K
FY2024$207K
FY2025$236K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CTurtleback Education Foundation
EINHdr · item D26-4416125
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2009
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSan Diego, CA
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
WebsiteHdr · item Jwww.turtlebacker.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.39 Fundraising $0.01
Program services60%$47K
Management & general39%$30K
Fundraising1%$832
Total functional expensesLn 25$77K

Financial health

Is it on solid ground?

Program efficiency
60%
of spending reaches programs
Operating runway
32.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$207K
FY2024▲ +7%
Total assets by fiscal year
FY2020$120K
FY2021$137K
FY2022$177K
FY2023$194K
FY2024$207K
FY2025Not on file
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025Not on file
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$207K
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$207K
Total assetsLn 16$207K
Total liabilitiesLn 26$0
Total net assetsLn 32$207K
Months of cash on handcomputed32.1

Statement of Revenue

Part VIII
Other revenue$53K · 59%
Program service revenue$22K · 25%
Contributions & grants$15K · 16%
Other revenue59%$53K
Program service revenue25%$22K
Contributions & grants16%$15K
Total revenueLn 12$90K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $207K · Operating expenses/yr $77K
32.1 months
Where the money goes
Program services
Program services $47K · Total expenses $77K
60%
Management & General
Management & general $30K · Total expenses $77K
39%
Fundraising
Fundraising $832 · Total expenses $77K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $15K
$0.80 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $90K
16%
Government reliance
Government grants — · Total revenue $90K
—
Earned-income share
Program service revenue $22K · Total revenue $90K
25%
Investment reliance
Investment income $0 · Total revenue $90K
0%
Program self-sufficiency
Program service revenue $22K · Total expenses $77K
29%
Growth & trend
Revenue growth (YoY)
This year $90K · Prior year $116K
-22%
Revenue CAGR
FY2019 $125K · FY2023 $90K
-8%
Net-asset trend (YoY)
End of year $207K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $90K · Expenses $77K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $207K
—
Net-asset ratio
Net assets $207K · Total assets $207K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $207K
0%
People & payroll
Highest Reported Total Compensation
Individual Archana Balasubramanian · Reported title President · Highest reported compensation $0 · Total expenses $77K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $77K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 60%——
Overhead ratio 39%——
Fundraising cost ratio 6%——
Revenue growth -22%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.8%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Comm Chair
$0Pt VII · Sec A
Comm Chair
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Turtleback Education Foundation executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Nurtures students to love learning, show character, and build community.

Provided by the organization

This section is blank until Turtleback Education Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $47K of program spending, described in the organization's own filed words · FY2023.
01

The mission of Turtleback Education Foundation (TEF) is to develop well-rounded students who love learning, demonstrate character, and build community. Like many other districts, the Poway Unified School District has experienced significant reductions from the State of California.

$47Kprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$160

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $77K—-14% 990 PDF
FY2024 Viewing $90K$77K-22% 990 PDF
FY2023 $116K$99K+28% 990 PDF
FY2022 $91K$51K+54% 990 PDF
FY2021 $59K$42K-53% 990 PDF
FY2020 $125K$110K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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Keep public charity data easy to read.

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