Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
98 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
3 people listed on the 990; $15K paid to officers and key staff.
David Dudas’s $12K as President is at the 10th 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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| David Dudas | $12,000 | $12,000 | $12,000 | $12,000 | $17,772 | $14,519 |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Provides capital and support to charter schools, including administrative services and financial assistance.
Questions for Charter Development Foundation INC
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Expenses incurred in providing capital and support to edge learning, inc. And akros middle school.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $277K | $267K |
| Land, buildings, equipmentLn 10c | $2.7M | $2.7M |
| Total assetsLn 16 | $3.1M | $3.0M |
| LiabilitiesLn 26 | $1.1M | $900K |
| Net assetsLn 32 | $2.0M | $2.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $15K | $15K | ||
| Payroll taxesLn 10 | $916 | $916 | ||
| Accounting feesLn 11c | $7K | $7K | ||
| Office expensesLn 13 | $2K | $2K | ||
| OccupancyLn 16 | $33K | $33K | ||
| TravelLn 17 | $10K | $10K | ||
| InterestLn 20 | $23K | $23K | ||
| Depreciation, depletion and amortizationLn 22 | $168K | $168K | ||
| Other expenses (24a–d)Ln 24 | $119K | $119K | ||
| All other expensesLn 24e | $200 | $200 | ||
| Total functional expensesLn 25 | $378K | $370K | $7K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $711K | $1.0M | −$318K | $2.6M | 990 PDF |
| FY2024 | $871K | $562K | $309K | $2.9M | 990 PDF |
| FY2023 | $519K | $384K | $136K | $2.6M | 990 PDF |
| FY2022 | $502K | $339K | $163K | $2.5M | 990 PDF |
| FY2021 | $467K | $276K | $191K | $2.3M | 990 PDF |
| FY2020 Viewing | $458K | $378K | $81K | $2.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $458,456 revenue, 12 lines filed
Part VI · Governance 0 of 3 board members independent, 5 to look at
Part VIII · Statement of revenue $458,456 across 4 lines filed
Part IX · Statement of functional expenses $377,560 across 10 lines filed
Part X · Balance sheet $3,004,666 assets, 7 lines filed
Part XI · Reconciliation of net assets $2,104,169 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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