Accelerated Learning Foundation EIN 38-3423350

Accelerated Learning Foundation FY2022 filing

EIN  38-3423350 Private foundation / grantmaker Fairfield, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Fairfield, IA. It reported about $224K in revenue for 2022.
Leadership
Layman G Allen · President · $81K
Money in and out
$224K revenue, $236K expenses
Bottom line

A private foundation based in Fairfield, IA. It reported about $224K in revenue for 2022. For fiscal year 2022 it reported $224K in revenue, $236K in expenses, and $572K in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$572K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$12K
Total assets
1.2M
deployed as grants and operations

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$224K
FY2022▼ -2%
Expenses
$236K
FY2022▼ -8%
Total assets
$1.2M
FY2022▼ -7%
Total liabilities
$649K
FY2022▼ -10%
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$572K
Pt X · Ln 32
Total assetsPt II$1.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAccelerated Learning Foundation
EINHdr · item D38-3423350
Principal addressHdr · item CFairfield, IA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)
Ruling yearIRS BMFDec 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$81,000Pt VII · Sec A
Director
$500Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2021
Layman G Allen$81,000
John Miller$1,000$500

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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Statement of Revenue

Part VIII
Other revenue$205K · 92%
Contributions & grants$19K · 8%
Other revenue92%$205K
Contributions & grants8%$19K
Investment income$22
Total revenueLn 12$224K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Operating & administrative $1.00
Operating & administrative100%$236K
Total functional expensesLn 25$236K

Balance Sheet

Part X · end of year
CashLn 1$101K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$649K
Total net assetsLn 32$572K
Months of cash on handcomputed5.1

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$197K revenue · ⤓ 990 PDF
FY2024$205K revenue · ⤓ 990 PDF
FY2023$215K revenue · ⤓ 990 PDF
FY2022$224K revenue · viewing · ⤓ 990 PDF
FY2021$228K revenue · ⤓ 990 PDF
FY2020$196K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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