Palestine Academic Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 37-1318472)

Revenue by fiscal year
FY2021	$577K
FY2022	$23K
FY2023	$21K
FY2024	$30K

Expenses by fiscal year
FY2021	$19K
FY2022	$19K
FY2023	$34K
FY2024	$22K

Net assets by fiscal year
FY2021	$623K
FY2022	$627K
FY2023	$614K
FY2024	$623K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1994.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $19K Management & general 1% · $205

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Lindsay Beabout

Member

$0Pt VII · Sec A

Dawn Biggs

Member

$0Pt VII · Sec A

Janice Fuller

Member

$0Pt VII · Sec A

Michelle Goodwine

Member

$0Pt VII · Sec A

Canda Pethtel

President

$0Pt VII · Sec A

Damien Tingley

1st Vice President

$0Pt VII · Sec A

Cindy Boyd

Secretary

$0Pt VII · Sec A

Stacie Ogle

Treasurer

$0Pt VII · Sec A

See Palestine Academic Foundation executive salaries →

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

Funds extra educational needs and experiences for Palestine District students, fostering community pride.

Questions for Palestine Academic Foundation

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2 programs · $19K · in their own filed words · FY2020

01

PHS / PGS Teacher Requests

$10Kprogram expense

02

Administer Two Area Scholarships

funds distributed directly to universities of recipents. (Vincennes University $1,000, Purdue University $2,000, Bellarmine University $2,000, Illinois State University $2,000, Missouri Baptist University $2,000)

$9Kprogram 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 · FY2023

Amazonsmile FoundationFY2023$242

Total grants receivedfrom 1 funder$242

Grants paid · 4 grants · $35K · 2020–2023

Unitemized GrantFY2023$12,000

Unitemized GrantFY2022$6,000

Unitemized GrantFY2021$8,000

Unitemized GrantFY2020$9,000

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$577K

Ln 12

Fees for servicesLn 2g$575K

Gifts and grantsLn 1h$2K

Investment incomeLn 3$470

Money outPt IX

$19K

Ln 25

Programscol B$19K

Managementcol C$205

Owns and owesPt X

$623K

net assets · Ln 32

Cash and savingsLn 1–2$18K

Total assetsLn 16$623K

LiabilitiesLn 26$0

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$575K

Investment incomeLn 3$470

Total revenueLn 12$577K

Assets in detailPt X, end of year

SavingsLn 2$18K

Cash and savings togetherLn 1–2$18K

InvestmentsLn 11–13$550K

Total assetsLn 16$623K

LiabilitiesLn 26$0

Net assetsLn 32$623K

OperationsPt I, VI

EmployeesI 50

VolunteersI 68

Fiscal year endsHeaderOctober

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$65K	$18K
InvestmentsLn 11–13		$550K
Total assetsLn 16	$65K	$623K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$65K	$623K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0
Grants to domestic individualsLn 2	$9K	$9K
Grants and assistance to foreign recipientsLn 3	$0
Benefits paid to or for membersLn 4	$0
Pay of current officers, directors and key staffLn 5	$0
Pay of disqualified personsLn 6	$0
Office expensesLn 13	$205		$205
Other expenses (24a–d)Ln 24	$10K	$10K	$0	$0
Total functional expensesLn 25	$19K	$19K	$205	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Sep 1, 2025	$30K	$22K	$8K	$623K	990 PDF
FY2023Filed with the IRS Aug 21, 2024	$21K	$34K	−$13K	$614K	990 PDF
FY2022Filed with the IRS Jul 19, 2023	$23K	$19K	$4K	$627K	990 PDF
FY2021 ViewingFiled with the IRS Mar 14, 2022	$577K	$19K	$558K	$623K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $577,301 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $8,000$1,997

I-9 Program service revenue$574,834

I-10 Investment income$470

I-11 Other revenue$0

I-12 Total revenuePrior year $8,000$577,301

I-13 Grants and similar amounts paid$9,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$10,388

I-18 Total expensesPrior year $0$19,388

I-19 Revenue less expensesPrior year $8,000$557,913

Part VI · Governance 8 of 8 board members independent, 5 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-2 Family or business relationship among officers or directorsYes

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

Part VIII · Statement of revenue $577,301 across 12 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$1,997

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$1,997

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $574,834 · Unrelated business $0 · Excluded from tax $0$574,834

VIII-3 Investment incomeRelated to mission $470 · Unrelated business $0 · Excluded from tax $0$470

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $575,304 · Unrelated business $0 · Excluded from tax $0$577,301

Part IX · Statement of functional expenses $19,388 across 8 lines filed

IX-1 Grants to domestic organizations$0

IX-2 Grants to domestic individualsPrograms $9,000$9,000

IX-3 Grants and assistance to foreign recipients$0

IX-4 Benefits paid to or for members$0

IX-5 Pay of current officers, directors and key staff$0

IX-6 Pay of disqualified persons$0

IX-13 Office expensesManagement $205$205

IX-24 Other expenses (24a–d)Programs $10,183 · Management $0 · Fundraising $0$10,183

IX-25 Total functional expensesPrograms $19,183 · Management $205 · Fundraising $0$19,388

Part X · Balance sheet $622,516 assets, 7 lines filed

X-2 Savings and temporary cash investmentsStart of year $64,602$18,153

X-3 Pledges and grants receivable$54,363

X-13 Program-related investments$550,000

X-16 Total assetsStart of year $64,602$622,516

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $64,602$622,516

X-33 Total liabilities and net assetsStart of year $64,602$622,516

Part XI · Reconciliation of net assets $622,516 net assets at year end

XI-1 Total revenue$577,301

XI-2 Total expenses$19,388

XI-3 Revenue less expenses$557,913

XI-4 Net assets at start of year$64,602

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$1

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$622,516

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Palestine Academic Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Palestine Academic Foundation

Administer Two Area Scholarships

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV