Caravan to Class EIN 27-1885332 Form 990 (PDF) Claim this org

Caravan to Class

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Brings education to children in Mali and Africa, village by village, fighting illiteracy. For fiscal year 2025 it reported $380K in revenue, $283K in expenses, and $1.2M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Sausalito, CA
Website
www.caravantoclass.org
Filings
6 on file (2020–2025)
Revenue
$380KFY2025
Expenses
$283K
Net assets
$1.2M
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-1885332 Public foundation / grantmaker Sausalito, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Brings education to children in Mali and Africa, village by village, fighting illiteracy.
Leadership
Barry Hoffner · Chairman
Money in and out
$380K revenue, $283K expenses
Bottom line
96% program efficiency
Grants paid & assets · FY2025
Total revenue
$380K
Pt VIII · Ln 12
Total expenses
$283K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
49.6mo
months of highly liquid reserves at operating expense rate▼ -15% vs prior filing year
Surplus margin
+26%
revenue over expenses, this year▼ -23% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$380K
FY2025▲ +16%
Expenses
$283K
FY2025▲ +29%
Total assets
$1.2M
FY2025▲ +9%
Total liabilities
$0
FY2025
Total revenue
$380K
Pt VIII · Ln 12
Total expenses
$283K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$97K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $271K of program spending, described in the organization's own filed words · FY2025.
01

Providing funding for support for schools built in Mali, West Africa in the past and also funding higher education scholarships for young women under our Bourse Jackie programs in Mali, Ghana and Burkina Faso in West Africa.

$271Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCaravan to Class
EINHdr · item D27-1885332
Principal addressHdr · item CSausalito, CA
WebsiteHdr · item Jwww.caravantoclass.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFApr 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$339K · 89%
Investment income$41K · 11%
Contributions & grants89%$339K
Investment income11%$41K
Total revenueLn 12$380K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$271K
Management & general4%$12K
Total functional expensesLn 25$283K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed49.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $283K
49.6 months
Where the money goes
Program services
Program services $271K · Total expenses $283K
96%
Management & General
Management & general $12K · Total expenses $283K
4%
Fundraising
Fundraising $0 · Total expenses $283K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $319K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $339K · Total revenue $380K
89%
Government reliance
Government grants — · Total revenue $380K
Earned-income share
Program service revenue $0 · Total revenue $380K
0%
Investment reliance
Investment income $41K · Total revenue $380K
+11%
Program self-sufficiency
Program service revenue $0 · Total expenses $283K
0%
Growth & trend
Revenue growth (YoY)
This year $380K · Prior year $327K
+16%
Revenue CAGR
FY2020 $227K · FY2025 $380K
+11%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $380K · Expenses $283K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Barry Hoffner · Reported title Chairman · Highest reported compensation $0 · Total expenses $283K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $283K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 16%

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 · funders on record
Grants received · FY2024
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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
FY2025 (Latest)$380K revenue · viewing · ⤓ 990 PDF
FY2024$327K revenue · ⤓ 990 PDF
FY2023$366K revenue · ⤓ 990 PDF
FY2022$318K revenue · ⤓ 990 PDF
FY2021$303K revenue · ⤓ 990 PDF
FY2020$227K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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