Fiafw INC FY2022 filing

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Community education benefit

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$154K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $1.0M a year · 6% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$154K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.4M
+2% vs prior year
Spent
$18.7M
To programs
79%
Net assets
$2.3M
By yearFY2020–FY2023
Revenue
$17.4M
FY2022▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.1M
FY2021$17.0M
FY2022$17.4M
FY2023$15.0M
Expenses
$18.7M
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$15.1M
FY2021$16.7M
FY2022$18.7M
FY2023$19.0M
Net assets
$2.3M
FY2022▼ -37%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.7M
FY2022$2.3M
FY2023−$1.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Feb 2011.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $14.7M Management & general 21% · $4.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
CEO/Superintendent
$154,431Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Katie P Stellar’s $147K as CEO/Superintendent is at the 97th percentile of top reported officer pay among 146 <$100K education 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 · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Katie P Stellar$146,853$154,431$147,275$142,352

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 Fiafw INC 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 15aYes

Programs and updates

Fiafw INC is an education nonprofit based in Fort Worth, TX, formed in 2010.

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1 program · $14.7M · in their own filed words · FY2021
01

High point academy applied learning charter school is a kindergarten through eighth grade school with a first year enrollment (2015-2016) of 462 students. The school infuses its educational program with the fine arts to create an environment rich in relationships and strong academics.

$14.7Mprogram 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 · FY2020
Total grants receivedfrom 1 funder$5

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2023 · $924K federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$303K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$282K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$213K
Supporting Effective Instruction State GrantsDepartment of Education · ALN 84.367 · Through Texas Education Agency$103K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through Texas Education Agency$22K

Plus 1 smaller program.

The auditor reported: doubt the group can keep going.

Year ending Jun 2022 · $2.3M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$1.8M
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$333K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$170K
Special Education_preschool GrantsDepartment of Education · ALN 84.173 · Through Texas Education Agency$4K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through Texas Education Agency$800

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2016 · $759K federal money spent
Charter SchoolsDepartment of Education · ALN 84.282 · Direct$729K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Direct$30K

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$17.4M
Ln 12
Fees for servicesLn 2g$15.0M
Gifts and grantsLn 1h$2.4M
Money outPt IX
$18.7M
Ln 25
Programscol B$14.7M
Managementcol C$4.0M
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$4.5M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.4M
Fees for servicesLn 2g$15.0M
Total revenueLn 12$17.4M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$393K
Other assetsLn 15$131K
Total assetsLn 16$4.5M
LiabilitiesLn 26$2.2M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 5173
VolunteersI 6125
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.7M$1.3M
Land, buildings, equipmentLn 10c$420K$393K
Total assetsLn 16$5.2M$4.5M
LiabilitiesLn 26$1.5M$2.2M
Net assetsLn 32$3.7M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$161K$137K$24K
Other salaries and wagesLn 7$9.7M$8.2M$1.5M
Pension plan contributionsLn 8$368K$313K$55K
Other employee benefitsLn 9$791K$673K$119K
Payroll taxesLn 10$161K$137K$24K
Other fees for servicesLn 11g$470K$235K$235K
Office expensesLn 13$165K$141K$24K
OccupancyLn 16$4.8M$3.6M$1.2M
TravelLn 17$91K$73K$18K
InterestLn 20$16K$16K
Depreciation, depletion and amortizationLn 22$118K$88K$29K
InsuranceLn 23$66K$66K
Other expenses (24a–d)Ln 24$1.8M$1.1M$742K
Total functional expensesLn 25$18.7M$14.7M$4.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS May 15, 2024 $15.0M$19.0M−$4.0M−$1.7M 990 PDF
FY2022 ViewingFiled with the IRS May 12, 2023 $17.4M$18.7M−$1.4M$2.3M 990 PDF
FY2021Filed with the IRS May 16, 2022 $17.0M$16.7M$252K$3.7M 990 PDF
FY2020Filed with the IRS May 14, 2021 $16.1M$15.1M$1.0M$3.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $17,367,969 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,226,721$2,367,066
I-9 Program service revenuePrior year $14,734,999$15,000,903
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $16,961,720$17,367,969
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,239,214$11,169,771
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,470,834$7,565,447
I-18 Total expensesPrior year $16,710,048$18,735,218
I-19 Revenue less expensesPrior year $251,672−$1,367,249
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,367,969 across 5 lines filed
VIII-1e Government grants$2,363,708
VIII-1f All other contributions, gifts and grants$3,358
VIII-1h Total contributions, gifts and grants$2,367,066
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,000,903$15,000,903
VIII-12 Total revenueRelated to mission $15,000,903 · Unrelated business $0 · Excluded from tax $0$17,367,969
Part IX · Statement of functional expenses $18,735,218 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $136,723 · Management $24,128$160,851
IX-7 Other salaries and wagesPrograms $8,235,282 · Management $1,453,285$9,688,567
IX-8 Pension plan contributionsPrograms $312,616 · Management $55,167$367,783
IX-9 Other employee benefitsPrograms $672,588 · Management $118,692$791,280
IX-10 Payroll taxesPrograms $137,096 · Management $24,194$161,290
IX-11g Other fees for servicesPrograms $235,119 · Management $235,119$470,238
IX-13 Office expensesPrograms $141,241 · Management $24,199$165,440
IX-16 OccupancyPrograms $3,638,739 · Management $1,182,131$4,820,870
IX-17 TravelPrograms $72,783 · Management $18,196$90,979
IX-20 InterestManagement $15,945$15,945
IX-22 Depreciation, depletion and amortizationPrograms $88,297 · Management $29,432$117,729
IX-23 InsuranceManagement $65,869$65,869
IX-24 Other expenses (24a–d)Programs $1,076,084 · Management $742,293$1,818,377
IX-25 Total functional expensesPrograms $14,746,568 · Management $3,988,650 · Fundraising $0$18,735,218
Part X · Balance sheet $4,486,127 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,661,118$1,279,922
X-3 Pledges and grants receivableStart of year $1,956,682$2,606,873
X-4 Accounts receivableStart of year $12,407$75,694
X-9 Prepaid expenses and deferred chargesStart of year $100,142$0
X-10c Land, buildings and equipment, netStart of year $420,422$392,638
X-15 Other assetsStart of year $0$131,000
X-16 Total assetsStart of year $5,150,771$4,486,127
X-17 Accounts payable and accrued expensesStart of year $1,215,565$2,020,328
X-25 Other liabilitiesStart of year $266,412$164,254
X-26 Total liabilitiesStart of year $1,481,977$2,184,582
X-27 Net assets without donor restrictionsStart of year $2,799,548$2,278,194
X-28 Net assets with donor restrictionsStart of year $869,246$23,351
X-32 Total net assets or fund balancesStart of year $3,668,794$2,301,545
X-33 Total liabilities and net assetsStart of year $5,150,771$4,486,127
Part XI · Reconciliation of net assets $2,301,545 net assets at year end
XI-1 Total revenue$17,367,969
XI-2 Total expenses$18,735,218
XI-3 Revenue less expenses−$1,367,249
XI-4 Net assets at start of year$3,668,794
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,301,545

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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