Eagle Ledge Foundation INC FY2021 filing

Tax-deductible

Turlock, CA501(c)(3)ReligionEIN 27-0661492

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Eagle Ledge Foundation strives to provide the very best Kingdom investment products for individuals, lending options for churches, and generous giving to Kingdom causes.

501(c)(3) charity; gifts are tax-deductible.
$240K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2021 · 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 $120K a year · 33% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
145%
of spending
Looks good: 145% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$240K
to officers and key staff · 45% of spending
Concern: pay to officers and key staff is 45% of spending; over 30%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.1M
160% of total assets
Concern: liabilities are 160% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
-0.8% vs prior year
Spent
$534K
To programs
145%
Net assets
−$1.5M
By yearFY2020–FY2025
Revenue
$308K
FY2021▼ -0.8%
Revenue by fiscal year
FY2020$311K
FY2021$308K
FY2022$1.2M
FY2023$38K
FY2024$248K
FY2025$77K
Expenses
$534K
FY2021▲ +2%
Expenses by fiscal year
FY2020$521K
FY2021$534K
FY2022$461K
FY2023$314K
FY2024$677K
FY2025$377K
Net assets
−$1.5M
FY2021▼ -17%
Net assets by fiscal year
FY2020−$1.3M
FY2021−$1.5M
FY2022−$1.2M
FY2023−$1.5M
FY2024−$1.9M
FY2025−$2.9M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Revoked Nov 2014, reinstated. IRS ruling Aug 2015, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Aug 2015.

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

Where the money goes

145 cents of each dollar spent went to programs.

Program services 145% · $773K

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

4 people listed on the 990; $240K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$60,000Pt VII · Sec A
President
$60,000Pt VII · Sec A
$60,000Pt VII · Sec A
President
$60,000Pt VII · Sec A

Thomas Fontana’s $60K as CEO is at the 93rd percentile of top reported officer pay among 344 <$100K religion 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Thomas Fontana$60,000$60,000$70,000$45,000$60,000$60,000
Chester Reid——$14,000$20,000$60,000$60,000
Chester L Reid$12,000$12,000————

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 Eagle Ledge 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 15aYes

Programs and updates

Invests in Kingdom causes, offers church loans, and provides financial products for individuals.

Provided by the organization

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2 program services account for $1.3M of program spending, described in the organization's own filed words · FY2020.
01

Eagle Ledge Foundation strives to provide the very best Kingdom investment products for individuals, lending options for churches, and generous giving to Kingdom causes.

$773Kprogram expense
02

Eagle Ledge Foundation strives to provide the very best Kingdom investment products for individuals, lending options for churches, and generous giving to Kingdom causes.

$534Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$308K
Ln 12
Fees for servicesLn 2g$308K
Money outPt IX
$534K
Ln 25
Programscol B$773K
Owns and owesPt X
−$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$418K
Total assetsLn 16$2.6M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$308K
Total revenueLn 12$308K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$418K
Total assetsLn 16$2.6M
LiabilitiesLn 26$4.1M
Net assetsLn 32−$1.5M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $77K$377K−$300K−$2.9M 990 PDF
FY2024 $248K$677K−$429K−$1.9M 990 PDF
FY2023 $38K$314K−$276K−$1.5M 990 PDF
FY2022 $1.2M$461K$722K−$1.2M 990 PDF
FY2021 Viewing $308K$534K−$225K−$1.5M 990 PDF
FY2020 $311K$521K−$210K−$1.3M 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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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