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Ask Academy Education Foundation

Tax-deductible

Rio Rancho, NM501(c)(3)EducationEIN 27-4508062Revenue $1.0M in FY2024

On file with the IRStheaskacademy.org4550 Sundt Rd Ne, 87124-7021 · Rio Rancho, NMTax-exempt since Oct 2011Supporting org, Type I — 509(a)(3)

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The ASK Academy Education Foundation is a 501(c) that was founded to support The ASK Academy, a public charter school in the State of New Mexico. The Foundation's most significant activities are fundraising for the school and purchasing the school's facility.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $27K a year · 3% 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
142 mo
of spending, in cash
Looks good: 142.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14.9M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+44% vs prior year
Spent
$843K
To programs
99%
Net assets
−$38K
By yearFY2021–FY2024
Revenue
$1.0M
FY2024▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2021$634K
FY2022$990K
FY2023$703K
FY2024$1.0M
Expenses
$843K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$579K
FY2022$1.0M
FY2023$774K
FY2024$843K
Net assets
−$38K
FY2024▲ +82%
Tap a bar for its year
Net assets by fiscal year
FY2021$50K
FY2022$5K
FY2023−$208K
FY2024−$38K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2011.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $831K Management & general 1% · $12K

Form 990 Part IX, line 25, columns B–D. 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.

Part VII, Section A · reportable compensation
Pepper Poole
President/Dir. (through June 2025)
$0Pt VII · Sec A
Parisa Wright
Treasurer/Director
$0Pt VII · Sec A
Michael Wright
Secretary/Director
$0Pt VII · Sec A
Kimberly Ayres
School Staff Representative
$0Pt VII · Sec A
See Ask Academy Education Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds and buys facilities to support a public charter school.

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Provided by the organization

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1 program · $831K · in their own filed words · FY2024
01

The foundation issued BONDS/LOANS for the purchase of the school's facility.

$831Kprogram 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 · FY2024
Vanguard Charitable Endowment ProgramFY2024$24K
Total grants receivedfrom 1 funder$24K
Grants paid · 1 grant · $42K · 2021–2021
The Ask AcademyFY2021$41,610

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$961K
Investment incomeLn 3$44K
Other incomeLn 4–11$7K
Money outPt IX
$843K
Ln 25
Programscol B$831K
Managementcol C$12K
Owns and owesPt X
−$38K
net assets · Ln 32
Cash and savingsLn 1–2$10.0M
Total assetsLn 16$14.9M
LiabilitiesLn 26$14.9M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$961K
Investment incomeLn 3$44K
Other incomeLn 4–11$7K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$9.9M
Cash and savings togetherLn 1–2$10.0M
Land, buildings, equipmentLn 10c$4.9M
Total assetsLn 16$14.9M
LiabilitiesLn 26$14.9M
Net assetsLn 32−$38K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
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
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M$10.0M
Land, buildings, equipmentLn 10c$5.0M$4.9M
Total assetsLn 16$6.1M$14.9M
LiabilitiesLn 26$6.3M$14.9M
Net assetsLn 32−$208K−$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$5K$5K
Office expensesLn 13$75$75
OccupancyLn 16$379K$379K
Depreciation, depletion and amortizationLn 22$133K$133K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$301K$301K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$843K$831K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$843K$169K−$38K 990 PDF
FY2023 $703K$774K−$71K−$208K 990 PDF
FY2022 $990K$1.0M−$44K$5K 990 PDF
FY2021 $634K$579K$55K$50K 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
See the full FY2024 990 (6 parts)
Part I · Summary $1,012,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,646$1,391
I-9 Program service revenuePrior year $658,158$961,053
I-10 Investment incomePrior year $36,545$43,629
I-11 Other revenuePrior year $4,921$6,710
I-12 Total revenuePrior year $703,270$1,012,783
I-13 Grants and similar amounts paidPrior year $1,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $773,233$843,457
I-18 Total expensesPrior year $774,233$843,457
I-19 Revenue less expensesPrior year −$70,963$169,326
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,012,783 across 5 lines filed
Lines not itemized here account for $6,710 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,391
VIII-1h Total contributions, gifts and grants$1,391
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $961,053$961,053
VIII-3 Investment incomeExcluded from tax $43,629$43,629
VIII-12 Total revenueRelated to mission $961,053 · Unrelated business $0 · Excluded from tax $50,339$1,012,783
Part IX · Statement of functional expenses $843,457 across 7 lines filed
IX-11f Investment management feesManagement $5,090$5,090
IX-13 Office expensesManagement $75$75
IX-16 OccupancyPrograms $379,436$379,436
IX-22 Depreciation, depletion and amortizationPrograms $132,966$132,966
IX-23 InsurancePrograms $17,689$17,689
IX-24 Other expenses (24a–d)Programs $301,263$301,263
IX-24e All other expensesManagement $6,938$6,938
IX-25 Total functional expensesPrograms $831,354 · Management $12,103 · Fundraising $0$843,457
Part X · Balance sheet $14,877,907 assets, 8 lines filed
X-1 Cash, non-interest-bearing$59,102
X-2 Savings and temporary cash investmentsStart of year $1,039,821$9,922,580
X-10c Land, buildings and equipment, netStart of year $5,029,191$4,896,225
X-16 Total assetsStart of year $6,069,012$14,877,907
X-20 Tax-exempt bond liabilitiesStart of year $5,814,167$5,678,750
X-26 Total liabilitiesStart of year $6,276,516$14,916,085
X-32 Total net assets or fund balancesStart of year −$207,504−$38,178
X-33 Total liabilities and net assetsStart of year $6,069,012$14,877,907
Part XI · Reconciliation of net assets −$38,178 net assets at year end
XI-1 Total revenue$1,012,783
XI-2 Total expenses$843,457
XI-3 Revenue less expenses$169,326
XI-4 Net assets at start of year−$207,504
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$38,178

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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