The organization provided self-development and self-growth to high school seniors who graduated despite major obstacles by recognizing their achievements and rewarding them with monetary awards.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $13K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
16 mo
of spending, in cash
Plus $693K in investments, Pt X · Ln 11–13
Looks good: 16.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $43K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$163K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
Spent
$107K
To programs
75%
Net assets
$675K
By yearFY2020–FY2025
Revenue
$141K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$141K
FY2021$234K
FY2022$158K
FY2023$222K
FY2024$179K
FY2025$243K
Expenses
$107K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$107K
FY2021$139K
FY2022$169K
FY2023$240K
FY2024$169K
FY2025$271K
Net assets
$675K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$675K
FY2021$770K
FY2022$758K
FY2023$740K
FY2024$750K
FY2025$722K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2002.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $81K Management & general 25% · $27K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
VP/Director
$0Pt VII · Sec A

Julie Inman’s $19K as President is at the 14th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Julie Inman$19,100$16,500$15,153$6,575
Patricia Inman$12,000$11,000$12,000—

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

Recognizes and rewards high school seniors who overcame obstacles with monetary awards for self-development.

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Provided by the organization

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1 program · $81K · in their own filed words · FY2020
01

The organization provided self-development and self-growth to high school seniors who graduated despite major obstacles by recognizing their achievements and rewarding them with monetary awards.

$81Kprogram 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
See all 4 funders →
Grants paid · 11 grants · $693K · 2020–2025
Unitemized GrantFY2025$164,687
Unitemized GrantFY2025$4,200
Unitemized GrantFY2024$74,416
Unitemized GrantFY2023$99,000
Unitemized GrantFY2023$31,800
Unitemized GrantFY2022$96,735
Unitemized GrantFY2022$32,000
Unitemized GrantFY2021$59,227
USC Financial AidFY2021$50,000
USC Financial AidFY2020$50,000
Unitemized GrantFY2020$30,650

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$141K
Ln 12
Gifts and grantsLn 1h$122K
Investment incomeLn 3$19K
Money outPt IX
$107K
Ln 25
Programscol B$81K
Managementcol C$27K
Owns and owesPt X
$675K
net assets · Ln 32
Cash and savingsLn 1–2$144K
Total assetsLn 16$838K
LiabilitiesLn 26$163K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$122K
Government grantsLn 1e$4K
Investment incomeLn 3$19K
Gains on assetsLn 7$9K
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$108K
SavingsLn 2$36K
Cash and savings togetherLn 1–2$144K
InvestmentsLn 11–13$693K
Total assetsLn 16$838K
LiabilitiesLn 26$163K
Net assetsLn 32$675K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$137K$144K
InvestmentsLn 11–13$599K$693K
Total assetsLn 16$737K$838K
LiabilitiesLn 26$95K$163K
Net assetsLn 32$641K$675K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Grants to domestic individualsLn 2$31K$31K
Other salaries and wagesLn 7$7K$7K
Payroll taxesLn 10$608$608
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$4K$4K
Office expensesLn 13$4K$4K
OccupancyLn 16$2K$2K
Other expenses (24a–d)Ln 24$8K$150$8K
All other expensesLn 24e$4$4
Total functional expensesLn 25$107K$81K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $243K$271K−$28K$722K 990 PDF
FY2024 $179K$169K$9K$750K 990 PDF
FY2023 $222K$240K−$18K$740K 990 PDF
FY2022 $158K$169K−$12K$758K 990 PDF
FY2021 $234K$139K$95K$770K 990 PDF
FY2020 Viewing $141K$107K$33K$675K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $140,817 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,663$121,865
I-9 Program service revenue$0
I-10 Investment incomePrior year $24,694$18,952
I-11 Other revenue$0
I-12 Total revenuePrior year $167,357$140,817
I-13 Grants and similar amounts paidPrior year $102,653$80,650
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,182$7,176
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $34,125$19,575
I-18 Total expensesPrior year $143,960$107,401
I-19 Revenue less expensesPrior year $23,397$33,416
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $140,817 across 6 lines filed
VIII-1a Federated campaigns$117,865
VIII-1e Government grants$4,000
VIII-1h Total contributions, gifts and grants$121,865
VIII-3 Investment incomeRelated to mission $10,193 · Excluded from tax $11$10,204
VIII-7 Net gain or loss on sales of assetsRelated to mission $8,748$8,748
VIII-12 Total revenueRelated to mission $18,941 · Excluded from tax $11$140,817
Part IX · Statement of functional expenses $107,401 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $50,000$50,000
IX-2 Grants to domestic individualsPrograms $30,650$30,650
IX-7 Other salaries and wagesManagement $6,568$6,568
IX-10 Payroll taxesManagement $608$608
IX-11c Accounting feesManagement $1,450$1,450
IX-11f Investment management feesManagement $4,344$4,344
IX-13 Office expensesManagement $3,967$3,967
IX-16 OccupancyManagement $1,984$1,984
IX-24 Other expenses (24a–d)Programs $150 · Management $7,676$7,826
IX-24e All other expensesManagement $4$4
IX-25 Total functional expensesPrograms $80,800 · Management $26,601 · Fundraising $0$107,401
Part X · Balance sheet $837,703 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $76,494$108,299
X-2 Savings and temporary cash investmentsStart of year $60,995$36,006
X-11 Publicly traded securitiesStart of year $599,120$693,398
X-16 Total assetsStart of year $736,609$837,703
X-25 Other liabilitiesStart of year $95,429$163,107
X-26 Total liabilitiesStart of year $95,429$163,107
X-27 Net assets without donor restrictionsStart of year $641,180$674,596
X-32 Total net assets or fund balancesStart of year $641,180$674,596
X-33 Total liabilities and net assetsStart of year $736,609$837,703
Part XI · Reconciliation of net assets $674,596 net assets at year end
XI-1 Total revenue$140,817
XI-2 Total expenses$107,401
XI-3 Revenue less expenses$33,416
XI-4 Net assets at start of year$641,180
XI-10 Net assets at end of year$674,596

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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