Gilbert Education Foundation: FY2024 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

79 cents of each dollar spent went to programs.

79%

21%

Program services 79% · $74K Management & general 21% · $20K Fundraising 0% · $288

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Misty Sachs

President

$0Pt VII · Sec A

Rachael Karriker

Vice Preside

$0Pt VII · Sec A

Stephenie Keat

Treasurer

$0Pt VII · Sec A

Benji Deal

Secretary

$0Pt VII · Sec A

Mindy Rash

Trustee

$0Pt VII · Sec A

Austin Woodin

Trustee

$0Pt VII · Sec A

Joddey Hicks

Trustee

$0Pt VII · Sec A

Nathan Kerns

Trustee

$0Pt VII · Sec A

See Gilbert Education Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Gilbert Education Foundation

Tap to ask. Gilbert Education Foundation sees how many people are interested.

Your first name shows with your question. Gilbert Education Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $74K · in their own filed words · FY2023

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.

$74Kprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$215K

Ln 12

Gifts and grantsLn 1h$168K

Other incomeLn 4–11$47K

Investment incomeLn 3$438

Money outPt IX

$94K

Ln 25

Programscol B$74K

Managementcol C$20K

Fundraisingcol D$288

Owns and owesPt X

$969K

net assets · Ln 32

Cash and savingsLn 1–2$349K

Total assetsLn 16$969K

LiabilitiesLn 26$0

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$168K

Fundraising eventsLn 1c$69K

Investment incomeLn 3$438

Other incomeLn 4–11$47K

Total revenueLn 12$215K

Assets in detailPt X, end of year

CashLn 1$99K

SavingsLn 2$250K

Cash and savings togetherLn 1–2$349K

InvestmentsLn 11–13$620K

Total assetsLn 16$969K

LiabilitiesLn 26$0

Net assetsLn 32$969K

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 FY24	End FY24
Cash and savingsLn 1–2	$194K	$349K
InvestmentsLn 11–13	$608K	$620K
Total assetsLn 16	$802K	$969K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$802K	$969K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$58K	$58K
Grants to domestic individualsLn 2	$16K	$16K
Accounting feesLn 11c	$2K		$2K
Investment management feesLn 11f	$1K		$1K
Office expensesLn 13	$1K		$1K
Information technologyLn 14	$1K		$1K
Other expenses (24a–d)Ln 24	$14K		$14K
All other expensesLn 24e	$288			$288
Total functional expensesLn 25	$94K	$74K	$20K	$288

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$222K	$116K	$106K	$1.1M	990 PDF
FY2024 Viewing	$215K	$94K	$121K	$969K	990 PDF
FY2023	$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

More to add? Claim this org

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 $215,392 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $156,833$167,578

I-9 Program service revenue$0

I-10 Investment incomePrior year $543$438

I-11 Other revenuePrior year −$3,159$47,376

I-12 Total revenuePrior year $154,217$215,392

I-13 Grants and similar amounts paidPrior year $79,536$74,068

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $16,876$20,030

I-18 Total expensesPrior year $96,412$94,098

I-19 Revenue less expensesPrior year $57,805$121,294

Part VI · Governance 13 of 13 board members independent, 4 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

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 $215,392 across 6 lines filed

VIII-1c Fundraising events$69,072

VIII-1f All other contributions, gifts and grants$98,506

VIII-1h Total contributions, gifts and grants$167,578

VIII-3 Investment incomeExcluded from tax $438$438

VIII-8 Net income from fundraising eventsExcluded from tax $47,376$47,376

VIII-12 Total revenueExcluded from tax $47,814$215,392

Part IX · Statement of functional expenses $94,098 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $57,868$57,868

IX-2 Grants to domestic individualsPrograms $16,200$16,200

IX-11c Accounting feesManagement $2,130$2,130

IX-11f Investment management feesManagement $1,026$1,026

IX-13 Office expensesManagement $1,071$1,071

IX-14 Information technologyManagement $1,050$1,050

IX-24 Other expenses (24a–d)Management $14,465$14,465

IX-24e All other expensesFundraising $288$288

IX-25 Total functional expensesPrograms $74,068 · Management $19,742 · Fundraising $288$94,098

Part X · Balance sheet $968,771 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $194,077$98,722

X-2 Savings and temporary cash investments$250,000

X-11 Publicly traded securitiesStart of year $607,824$620,049

X-16 Total assetsStart of year $801,901$968,771

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $801,901$968,771

X-32 Total net assets or fund balancesStart of year $801,901$968,771

X-33 Total liabilities and net assetsStart of year $801,901$968,771

Part XI · Reconciliation of net assets $968,771 net assets at year end

XI-1 Total revenue$215,392

XI-2 Total expenses$94,098

XI-3 Revenue less expenses$121,294

XI-4 Net assets at start of year$801,901

XI-5 Net unrealized gains (losses) on investments$45,576

XI-10 Net assets at end of year$968,771

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Gilbert Education Foundation FY2024 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