Otto Eldred Education Foundation: Nonprofit Profile, Financials & Form 990 (EIN 27-1290356)

Revenue by fiscal year
FY2020	$8K
FY2021	$5K

Expenses by fiscal year
FY2020	$16K
FY2021	$19K

Net assets by fiscal year
FY2020	$457K
FY2021	$496K

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2021. IRS ruling in Mar 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $19K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation

Maureen Raught

Director

$0Pt VII · Sec A

Anne Slavin

Director

$0Pt VII · Sec A

Martha Wolf

Director

$0Pt VII · Sec A

Elizabeth Murphy

Director

$0Pt VII · Sec A

Matt Splain

Director

$0Pt VII · Sec A

Philip Labella

Vice President

$0Pt VII · Sec A

Steven Hepfer

President

$0Pt VII · Sec A

Barb Close

Secretary

$0Pt VII · Sec A

See Otto Eldred Education Foundation 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 15aNo

Programs and updates

Funds scholastic excellence by expanding learning, maximizing potential, and advancing school programs.

Questions for Otto Eldred Education Foundation

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1 program · $19K · in their own filed words · FY2021

01

Received and administered funds for charitable and educational purposes within the otto-eldred school district by awarding scholarships to eligible students. In 2021 17 scholarships were awareded to eligible students.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1290356) · Dispute this line

$19Kprogram 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 · FY2023

Amazonsmile FoundationFY2023$27

Total grants receivedfrom 1 funder$27

Grants paid · 1 grant · $10K · 2021–2021

Unitemized GrantFY2021$10,500

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$5K

Ln 12

Gifts and grantsLn 1h$5K

Investment incomeLn 3$34

Money outPt IX

$19K

Ln 25

Programscol B$19K

Owns and owesPt X

$496K

net assets · Ln 32

Cash and savingsLn 1–2$10K

Total assetsLn 16$496K

LiabilitiesLn 26$0

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5K

Investment incomeLn 3$34

Total revenueLn 12$5K

Assets in detailPt X, end of year

CashLn 1$10K

Cash and savings togetherLn 1–2$10K

InvestmentsLn 11–13$486K

Total assetsLn 16$496K

LiabilitiesLn 26$0

Net assetsLn 32$496K

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$9K	$10K
InvestmentsLn 11–13	$448K	$486K
Total assetsLn 16	$457K	$496K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$457K	$496K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$10K	$10K
Accounting feesLn 11c	$300	$300
Investment management feesLn 11f	$8K	$8K
Office expensesLn 13	$81	$81
Total functional expensesLn 25	$19K	$19K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest ViewingFiled with the IRS May 10, 2022	$5K	$19K	−$14K	$496K	990 PDF
FY2020Filed with the IRS May 3, 2021	$8K	$16K	−$8K	$457K	990 PDF

Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2021. The 990-N has no money details, and postcard years before 2025 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $4,687 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $7,940$4,653

I-9 Program service revenue$0

I-10 Investment incomePrior year $42$34

I-11 Other revenue$0

I-12 Total revenuePrior year $7,982$4,687

I-13 Grants and similar amounts paidPrior year $9,300$10,500

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $6,593$8,587

I-18 Total expensesPrior year $15,893$19,087

I-19 Revenue less expensesPrior year −$7,911−$14,400

Part VI · Governance 9 of 9 board members independent, 3 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-13 Written whistleblower policyNo

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

Part VIII · Statement of revenue $4,687 across 4 lines filed

VIII-1f All other contributions, gifts and grants$4,653

VIII-1h Total contributions, gifts and grants$4,653

VIII-3 Investment incomeRelated to mission $34$34

VIII-12 Total revenueRelated to mission $34 · Unrelated business $0 · Excluded from tax $0$4,687

Part IX · Statement of functional expenses $19,087 across 4 lines filed

IX-2 Grants to domestic individualsPrograms $10,500$10,500

IX-11c Accounting feesPrograms $300$300

IX-11f Investment management feesPrograms $8,206$8,206

IX-13 Office expensesPrograms $81$81

IX-25 Total functional expensesPrograms $19,087 · Management $0 · Fundraising $0$19,087

Part X · Balance sheet $496,380 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $9,040$10,393

X-11 Publicly traded securitiesStart of year $447,647$485,987

X-16 Total assetsStart of year $456,687$496,380

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $456,687$496,380

X-32 Total net assets or fund balancesStart of year $456,687$496,380

X-33 Total liabilities and net assetsStart of year $456,687$496,380

Part XI · Reconciliation of net assets $496,380 net assets at year end

XI-1 Total revenue$4,687

XI-2 Total expenses$19,087

XI-3 Revenue less expenses−$14,400

XI-4 Net assets at start of year$456,687

XI-5 Net unrealized gains (losses) on investments$54,093

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$496,380

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

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Otto Eldred Education Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Otto Eldred Education Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV