Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
17 people listed on the 990; $20K paid to officers and key staff.
Sarah Hastings’s $26K as Executive Di is at the 19th percentile of top reported officer pay among 1613 $100K–1M 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
| Name | FY2025 | FY2022 |
|---|---|---|
| Sarah Hastings | $25,938 | $20,000 |
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.
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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
Provides educational grants and scholarships for students in Berea City Schools.
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The education foundation made grants to schools in the berea city school district for 30 educational projects submitted by teachers, staff and students. The education foundation awarded college scholarships to 41 senior high school students graduating from berea - midpark high school.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $74K | $75K |
| InvestmentsLn 11–13 | $1.7M | $1.5M |
| Total assetsLn 16 | $1.8M | $1.6M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $1.8M | $1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $24K | $24K | ||
| Grants to domestic individualsLn 2 | $34K | $34K | ||
| Other salaries and wagesLn 7 | $20K | $8K | $4K | $8K |
| Payroll taxesLn 10 | $2K | $693 | $346 | $692 |
| Accounting feesLn 11c | $1K | $540 | $270 | $540 |
| Investment management feesLn 11f | $18K | $14K | $2K | $2K |
| Other fees for servicesLn 11g | $250 | $250 | ||
| Office expensesLn 13 | $1K | $195 | $457 | $390 |
| Information technologyLn 14 | $3K | $3K | ||
| InsuranceLn 23 | $987 | $987 | ||
| Total functional expensesLn 25 | $104K | $82K | $11K | $11K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $260K | $175K | $85K | $2.1M | 990 PDF |
| FY2024 | $205K | $140K | $65K | $1.9M | 990 PDF |
| FY2023 | $131K | $127K | $5K | $1.7M | 990 PDF |
| FY2022 Viewing | $144K | $104K | $40K | $1.6M | 990 PDF |
| FY2021 | $140K | $54K | $87K | $1.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $144,378 across 5 lines filed
Part IX · Statement of functional expenses $104,239 across 10 lines filed
Part X · Balance sheet $1,572,863 assets, 9 lines filed
Part XI · Reconciliation of net assets $1,572,863 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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