Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2011.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
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
7 people listed on the 990; $750 paid to officers and key staff.
Marcy Moore’s $750 as Member is at the 0th percentile of top reported officer pay among 3395 $1–10M 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.
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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 15aNo
Programs and updates
Operates a public charter school to boost educational chances in a remote area.
Questions for Corolla Education Foundation
Your first name shows with your question. Corolla Education Foundation answers here, for everyone.
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Operation of a public charter school to promote educational opportunities in a remote area
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $875K | $1.1M |
| Land, buildings, equipmentLn 10c | $10K | $434K |
| Total assetsLn 16 | $904K | $1.6M |
| LiabilitiesLn 26 | $642 | $3K |
| Net assetsLn 32 | $903K | $1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $750 | $666 | $84 | |
| Other salaries and wagesLn 7 | $325K | $289K | $36K | |
| Other employee benefitsLn 9 | $45K | $40K | $5K | |
| Payroll taxesLn 10 | $23K | $21K | $3K | |
| Legal feesLn 11b | $2K | $2K | $241 | |
| Accounting feesLn 11c | $5K | $5K | $586 | |
| Other fees for servicesLn 11g | $60K | $53K | $7K | |
| Office expensesLn 13 | $3K | $3K | $391 | |
| Information technologyLn 14 | $11K | $10K | $1K | |
| OccupancyLn 16 | $18K | $16K | $2K | |
| TravelLn 17 | $10K | $9K | $1K | |
| InsuranceLn 23 | $5K | $4K | $525 | |
| Other expenses (24a–d)Ln 24 | $31K | $28K | $4K | |
| All other expensesLn 24e | $5K | $4K | $531 | |
| Total functional expensesLn 25 | $545K | $484K | $61K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.5M | $593K | $857K | $2.9M | 990 PDF |
| FY2024 | $1.0M | $582K | $449K | $2.0M | 990 PDF |
| FY2023 Viewing | $1.2M | $545K | $652K | $1.6M | 990 PDF |
| FY2022 | $779K | $512K | $267K | $903K | 990 PDF |
| FY2021 | $540K | $473K | $67K | $637K | 990 PDF |
| FY2020 | $474K | $408K | $67K | $570K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,197,260 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, 4 to look at
Part VIII · Statement of revenue $1,197,260 across 7 lines filed
Part IX · Statement of functional expenses $545,243 across 14 lines filed
Part X · Balance sheet $1,557,964 assets, 10 lines filed
Part XI · Reconciliation of net assets $1,555,144 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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