Gilbert Education Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 42-1412399)

Revenue by fiscal year
FY2020	$154K
FY2021	$172K
FY2022	$79K
FY2023	$154K
FY2024	$215K
FY2025	$222K

Expenses by fiscal year
FY2020	$139K
FY2021	$83K
FY2022	$115K
FY2023	$96K
FY2024	$94K
FY2025	$116K

Net assets by fiscal year
FY2020	$663K
FY2021	$752K
FY2022	$715K
FY2023	$802K
FY2024	$969K
FY2025	$1.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1994.

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

Where the money goes

82 cents of each dollar spent went to programs.

82%

14%

Program services 82% · $80K Management & general 14% · $13K Fundraising 4% · $3K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Mindy Rash

President

$0Pt VII · Sec A

Misty Sachs

Vice Preside

$0Pt VII · Sec A

Benji Deal

Secretary

$0Pt VII · Sec A

Stephenie Keat

Treasurer

$0Pt VII · Sec A

Austin Woodin

Trustee

$0Pt VII · Sec A

Joddey Hicks

Trustee

$0Pt VII · Sec A

Josh Holz

Trustee

$0Pt VII · Sec A

Tim Hurn

Trustee

$0Pt VII · Sec A

See Gilbert Education Foundation executive salaries →

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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

Supports and enhances educational programs within the Gilbert Community School District.

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Provided by the organization

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1 program · $80K · in their own filed words · FY2022

01

As a non-profit organization, 501(c)(3), the foundation raises funds to bridge the gap created by insufficient government funding to our public school. These funds provide essential programs, materials and equipment to promote an exemplary education for every student.

$80Kprogram 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

American Endowment FoundationFY2024$41K

Total grants receivedfrom 1 funder$41K

Grants paid · 23 grants · $497K · 2019–2024

Gilbert Community SchoolsFY2024$79,954

Unitemized GrantFY2024$21,300

Gilbert Community SchoolsFY2023$57,868

Unitemized GrantFY2023$16,200

Gilbert Community SchoolsFY2022$68,336

Unitemized GrantFY2022$11,200

School Fundingspecial RequestsFY2021$67,373

School FundingmiscFY2021$12,368

Unitemized GrantFY2021$4,000

Unitemized GrantFY2021$3,000

Unitemized GrantFY2021$2,000

Unitemized GrantFY2021$1,000

Unitemized GrantFY2021$500

Unitemized GrantFY2021$450

Unitemized GrantFY2021$100

See all 23 grants →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$154K

Ln 12

Gifts and grantsLn 1h$157K

Investment incomeLn 3$543

Money outPt IX

$96K

Ln 25

Programscol B$80K

Managementcol C$13K

Fundraisingcol D$3K

Owns and owesPt X

$802K

net assets · Ln 32

Cash and savingsLn 1–2$194K

Total assetsLn 16$802K

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$157K

Noncash giftsLn 1g$22K

Fundraising eventsLn 1c$106K

Investment incomeLn 3$543

Total revenueLn 12$154K

Assets in detailPt X, end of year

CashLn 1$194K

Cash and savings togetherLn 1–2$194K

InvestmentsLn 11–13$608K

Total assetsLn 16$802K

LiabilitiesLn 26$0

Net assetsLn 32$802K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

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 FY23	End FY23
Cash and savingsLn 1–2	$138K	$194K
InvestmentsLn 11–13	$577K	$608K
Total assetsLn 16	$715K	$802K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$715K	$802K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$68K	$68K
Grants to domestic individualsLn 2	$11K	$11K
Accounting feesLn 11c	$3K		$3K
Investment management feesLn 11f	$4K		$4K
Office expensesLn 13	$356		$356
Information technologyLn 14	$715		$715
Other expenses (24a–d)Ln 24	$9K		$6K	$3K
All other expensesLn 24e	$15			$15
Total functional expensesLn 25	$96K	$80K	$13K	$3K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$222K	$116K	$106K	$1.1M	990 PDF
FY2024	$215K	$94K	$121K	$969K	990 PDF
FY2023 Viewing	$154K	$96K	$58K	$802K	990 PDF
FY2022	$79K	$115K	−$36K	$715K	990 PDF
FY2021	$172K	$83K	$89K	$752K	990 PDF
FY2020	$154K	$139K	$15K	$663K	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 FY2023 990 (6 parts)

Part I · Summary $154,217 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $84,885$156,833

I-9 Program service revenue$0

I-10 Investment incomePrior year −$36,836$543

I-11 Other revenuePrior year $30,580−$3,159

I-12 Total revenuePrior year $78,629$154,217

I-13 Grants and similar amounts paidPrior year $101,736$79,536

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $10$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $13,305$16,876

I-18 Total expensesPrior year $115,051$96,412

I-19 Revenue less expensesPrior year −$36,422$57,805

Part VI · Governance 10 of 10 board members independent, 4 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

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 $154,217 across 7 lines filed

Lines not itemized here account for $1,675 of total revenue; see the IRS return.

VIII-1c Fundraising events$106,302

VIII-1f All other contributions, gifts and grants$50,531

VIII-1g Noncash contributions (included above)$21,610

VIII-1h Total contributions, gifts and grants$156,833

VIII-3 Investment incomeExcluded from tax $543$543

VIII-8 Net income from fundraising eventsExcluded from tax −$4,834−$4,834

VIII-12 Total revenueExcluded from tax −$2,616$154,217

Part IX · Statement of functional expenses $96,412 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $68,336$68,336

IX-2 Grants to domestic individualsPrograms $11,200$11,200

IX-11c Accounting feesManagement $3,085$3,085

IX-11f Investment management feesManagement $3,602$3,602

IX-13 Office expensesManagement $356$356

IX-14 Information technologyManagement $715$715

IX-24 Other expenses (24a–d)Management $5,724 · Fundraising $3,379$9,103

IX-24e All other expensesFundraising $15$15

IX-25 Total functional expensesPrograms $79,536 · Management $13,482 · Fundraising $3,394$96,412

Part X · Balance sheet $801,901 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $138,049$194,077

X-11 Publicly traded securitiesStart of year $577,196$607,824

X-16 Total assetsStart of year $715,245$801,901

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $715,245$801,901

X-32 Total net assets or fund balancesStart of year $715,245$801,901

X-33 Total liabilities and net assetsStart of year $715,245$801,901

Part XI · Reconciliation of net assets $801,901 net assets at year end

XI-1 Total revenue$154,217

XI-2 Total expenses$96,412

XI-3 Revenue less expenses$57,805

XI-4 Net assets at start of year$715,245

XI-5 Net unrealized gains (losses) on investments$28,851

XI-10 Net assets at end of year$801,901

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Gilbert Education Foundation FY2023 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 Gilbert Education Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV