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The Killgoar Education Foundation FY2024 filing

Tax-deductible

Grand Rapids, MI501(c)(3)Since 1987Education EIN 38-3324244Revenue $927K in FY2024

On file with the IRSihmparish.com/killgoar-foundation1935 Plymouth Se, 49506-0000 · Grand Rapids, MITax-exempt since Jan 1998Supporting organization — 509(a)(3)

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Financial support for immaculate heart of mary school

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
5 of 6
filings with a surplus
Average surplus $318K a year · 52% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
89 mo
of spending, in cash
Plus $3.9M in investments, Pt X · Ln 11–13
Looks good: 89.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$122K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$927K
+222% vs prior year
Spent
$296K
To programs
81%
Net assets
$6.3M
By yearFY2020–FY2025
Revenue
$927K
FY2024▲ +222%
Tap a bar for its year
Revenue by fiscal year
FY2020$412K
FY2021$718K
FY2022$259K
FY2023$288K
FY2024$927K
FY2025$1.1M
Expenses
$296K
FY2024▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2020$289K
FY2021$302K
FY2022$304K
FY2023$183K
FY2024$296K
FY2025$403K
Net assets
$6.3M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$5.7M
FY2022$4.9M
FY2023$5.7M
FY2024$6.3M
FY2025$6.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 1998.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $240K Management & general 2% · $7K Fundraising 17% · $49K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Kevin Jeakle
Director
$0Pt VII · Sec A
John Kraus
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Norton
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Dave Snyder
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Killgoar Education 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial support for Immaculate Heart of Mary School.

Questions for The Killgoar Education Foundation

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1 program · $240K · in their own filed words · FY2024
01

Financial support to immaculate heart of mary school for scholarships and loans to children wishing an education at immaculate heart of mary school. Selection based on need by school officials.

$240Kprogram 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 · FY2025
Koch Foundation INCFY2025$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 5 grants · $907K · 2020–2025
Immaculate Heart of Mary SchoolFY2025$130,000
Immaculate Heart of Mary SchoolFY2023$108,000
Immaculate Heart of Mary SchoolFY2022$232,000
Immaculate Heart of Mary SchoolFY2021$225,090
Immaculate Heart of Mary SchoolFY2020$212,319

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$927K
Ln 12
Investment incomeLn 3$747K
Gifts and grantsLn 1h$193K
Money outPt IX
$296K
Ln 25
Programscol B$240K
Managementcol C$7K
Fundraisingcol D$49K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$6.4M
LiabilitiesLn 26$122K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$193K
Government grantsLn 1e$193K
Investment incomeLn 3$747K
Total revenueLn 12$927K
Assets in detailPt X, end of year
CashLn 1$96K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$3.9M
Total assetsLn 16$6.4M
LiabilitiesLn 26$122K
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$2.2M
InvestmentsLn 11–13$4.0M$3.9M
Total assetsLn 16$5.8M$6.4M
LiabilitiesLn 26$120K$122K
Net assetsLn 32$5.7M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K$6K
Professional fundraising feesLn 11e$42K$42K
Other fees for servicesLn 11g$240K$240K
Office expensesLn 13$2K$2K
Information technologyLn 14$5K$5K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$296K$240K$7K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$403K$677K$6.7M 990 PDF
FY2024 ViewingFiled with the IRS Aug 18, 2025 $927K$296K$631K$6.3M 990 PDF
FY2023Filed with the IRS Oct 9, 2024 $288K$183K$105K$5.7M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $259K$304K−$44K$4.9M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $718K$302K$416K$5.7M 990 PDF
FY2020Filed with the IRS May 7, 2021 $412K$289K$123K$4.7M 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 FY2024 990 (6 parts)
Part I · Summary $927,239 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $166,102$192,653
I-9 Program service revenue$0
I-10 Investment incomePrior year $100,583$747,222
I-11 Other revenuePrior year $21,190−$12,636
I-12 Total revenuePrior year $287,875$927,239
I-13 Grants and similar amounts paidPrior year $108,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $42,000$42,000
I-17 Other expensesPrior year $33,232$253,894
I-18 Total expensesPrior year $183,232$295,894
I-19 Revenue less expensesPrior year $104,643$631,345
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $927,239 across 6 lines filed
VIII-1e Government grants$192,633
VIII-1f All other contributions, gifts and grants$20
VIII-1h Total contributions, gifts and grants$192,653
VIII-3 Investment incomeExcluded from tax $747,222$747,222
VIII-8 Net income from fundraising eventsExcluded from tax −$12,636−$12,636
VIII-12 Total revenueExcluded from tax $734,586$927,239
Part IX · Statement of functional expenses $295,894 across 6 lines filed
IX-11c Accounting feesManagement $5,502$5,502
IX-11e Professional fundraising feesFundraising $42,000$42,000
IX-11g Other fees for servicesPrograms $240,000$240,000
IX-13 Office expensesFundraising $2,216$2,216
IX-14 Information technologyFundraising $5,116$5,116
IX-23 InsuranceManagement $1,060$1,060
IX-25 Total functional expensesPrograms $240,000 · Management $6,562 · Fundraising $49,332$295,894
Part X · Balance sheet $6,411,144 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $229,253$96,080
X-2 Savings and temporary cash investmentsStart of year $1,171,356$2,100,672
X-3 Pledges and grants receivableStart of year $352,037$349,057
X-9 Prepaid expenses and deferred chargesStart of year $2,950$1,000
X-11 Publicly traded securitiesStart of year $4,023,203$3,864,335
X-16 Total assetsStart of year $5,778,799$6,411,144
X-17 Accounts payable and accrued expensesStart of year $5,500$1,500
X-18 Grants payableStart of year $115,000$120,000
X-26 Total liabilitiesStart of year $120,500$121,500
X-27 Net assets without donor restrictionsStart of year $5,658,299$6,289,644
X-32 Total net assets or fund balancesStart of year $5,658,299$6,289,644
X-33 Total liabilities and net assetsStart of year $5,778,799$6,411,144
Part XI · Reconciliation of net assets $6,289,644 net assets at year end
XI-1 Total revenue$927,239
XI-2 Total expenses$295,894
XI-3 Revenue less expenses$631,345
XI-4 Net assets at start of year$5,658,299
XI-10 Net assets at end of year$6,289,644

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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