Gifted Resource Council FY2023 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $300 a year.

How does your 990 look to donors? Take the 10-Question Audit

Gifted Resource Council's purpose is to bring together the resources of the community schools and parents to help gifted and talented children achieve their potential.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $86K a year · 23% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$387K
+26% vs prior year
Spent
$291K
To programs
85%
Net assets
$215K
By yearFY2020–FY2024
Revenue
$387K
FY2023▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$182K
FY2021$278K
FY2022$307K
FY2023$387K
FY2024$497K
Expenses
$291K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$214K
FY2022$280K
FY2023$291K
FY2024$342K
Net assets
$215K
FY2023▲ +80%
Tap a bar for its year
Net assets by fiscal year
FY2020$28K
FY2021$92K
FY2022$119K
FY2023$215K
FY2024$370K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1983.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $247K Management & general 13% · $37K Fundraising 3% · $8K

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

11 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$80,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Laura B Falk’s $84K as Executive Di is at the 75th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Laura B Falk$84,000$80,000$80,000$74,667—
Laura Falk————$56,667

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.

See Gifted Resource Council 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 15aYes

Programs and updates

Connects schools and parents to help gifted children reach their full potential.

Questions for Gifted Resource Council

Tap to ask. Gifted Resource Council sees how many people are interested.

Your first name shows with your question. Gifted Resource Council answers here, for everyone.

1 program · $247K · in their own filed words · FY2023
01

Academic programs for gifted students include the following offerings: academic challenge cup: an interdistrict games competition in the areas of creative thinking, mathematics, and language arts for children grades 2-8. In 2023 730 students participated.

$247Kprogram 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
Total grants receivedfrom 2 funders$12K
Grants paid · 3 grants · $15K · 2021–2024
Unitemized GrantFY2024$7,500
Unitemized GrantFY2024$250
Unitemized GrantFY2021$6,845

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$387K
Ln 12
Fees for servicesLn 2g$323K
Gifts and grantsLn 1h$56K
Other incomeLn 4–11$5K
Money outPt IX
$291K
Ln 25
Programscol B$247K
Managementcol C$37K
Fundraisingcol D$8K
Owns and owesPt X
$215K
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$215K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$56K
Noncash giftsLn 1g$17K
Fundraising eventsLn 1c$325
Fees for servicesLn 2g$323K
Investment incomeLn 3$2K
Other incomeLn 4–11$5K
Gains on assetsLn 7$416
Total revenueLn 12$387K
Assets in detailPt X, end of year
CashLn 1$135K
SavingsLn 2−$175
Cash and savings togetherLn 1–2$135K
Accounts receivableLn 4$862
Land, buildings, equipmentLn 10c$475
InvestmentsLn 11–13$77K
Other assetsLn 15$2K
Total assetsLn 16$215K
LiabilitiesLn 26$0
Net assetsLn 32$215K
OperationsPt I, VI
EmployeesI 535
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$107K$135K
InvestmentsLn 11–13$77K
Land, buildings, equipmentLn 10c$475
Total assetsLn 16$119K$215K
LiabilitiesLn 26$0$0
Net assetsLn 32$119K$215K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Pay of current officers, directors and key staffLn 5$80K$63K$13K$4K
Other salaries and wagesLn 7$124K$118K$6K
Pension plan contributionsLn 8$3K$3K$559
Payroll taxesLn 10$16K$14K$1K$306
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$175$175
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$6K$2K$178$3K
Information technologyLn 14$4K$4K
OccupancyLn 16$19K$18K$1K
Conferences, conventions and meetingsLn 19$335$335
Depreciation, depletion and amortizationLn 22$53$53
InsuranceLn 23$3K$3K$537$14
Other expenses (24a–d)Ln 24$20K$17K$3K
All other expensesLn 24e$7K$6K$2K
Total functional expensesLn 25$291K$247K$37K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $497K$342K$155K$370K 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $387K$291K$96K$215K 990 PDF
FY2022Filed with the IRS Nov 16, 2023 $307K$280K$28K$119K 990 PDF
FY2021Filed with the IRS Nov 7, 2022 $278K$214K$64K$92K 990 PDF
FY2020Filed with the IRS Aug 23, 2021 $182K$28K 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 FY2023 990 (6 parts)
Part I · Summary $386,664 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,403$56,143
I-9 Program service revenuePrior year $258,198$323,039
I-10 Investment income$2,420
I-11 Other revenuePrior year $1,699$5,062
I-12 Total revenuePrior year $307,300$386,664
I-13 Grants and similar amounts paidPrior year $4,295$4,460
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $212,563$222,409
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $59,663$64,051
I-18 Total expensesPrior year $276,521$290,920
I-19 Revenue less expensesPrior year $30,779$95,744
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $386,664 across 10 lines filed
Lines not itemized here account for −$950 of total revenue; see the IRS return.
VIII-1b Membership dues$18,671
VIII-1c Fundraising events$325
VIII-1f All other contributions, gifts and grants$37,147
VIII-1g Noncash contributions (included above)$16,502
VIII-1h Total contributions, gifts and grants$56,143
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $323,039$323,039
VIII-3 Investment incomeExcluded from tax $2,004$2,004
VIII-7 Net gain or loss on sales of assetsRelated to mission $416$416
VIII-8 Net income from fundraising eventsExcluded from tax $6,012$6,012
VIII-12 Total revenueRelated to mission $322,505 · Excluded from tax $8,016$386,664
Part IX · Statement of functional expenses $290,920 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $4,460$4,460
IX-5 Pay of current officers, directors and key staffPrograms $63,080 · Management $12,920 · Fundraising $4,000$80,000
IX-7 Other salaries and wagesPrograms $117,941 · Management $5,608$123,549
IX-8 Pension plan contributionsPrograms $2,730 · Management $559$3,289
IX-10 Payroll taxesPrograms $13,848 · Management $1,417 · Fundraising $306$15,571
IX-11c Accounting feesManagement $3,660$3,660
IX-11f Investment management feesManagement $175$175
IX-12 Advertising and promotionManagement $1,195$1,195
IX-13 Office expensesPrograms $1,982 · Management $178 · Fundraising $3,436$5,596
IX-14 Information technologyManagement $3,807$3,807
IX-16 OccupancyPrograms $17,759 · Management $1,226$18,985
IX-19 Conferences, conventions and meetingsManagement $335$335
IX-22 Depreciation, depletion and amortizationManagement $53$53
IX-23 InsurancePrograms $2,626 · Management $537 · Fundraising $14$3,177
IX-24 Other expenses (24a–d)Programs $16,616 · Management $3,000$19,616
IX-24e All other expensesPrograms $5,528 · Management $1,924$7,452
IX-25 Total functional expensesPrograms $246,570 · Management $36,594 · Fundraising $7,756$290,920
Part X · Balance sheet $214,913 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $106,901$135,411
X-2 Savings and temporary cash investments−$175
X-4 Accounts receivableStart of year $12,268$862
X-10c Land, buildings and equipment, net$475
X-11 Publicly traded securities$76,660
X-15 Other assets$1,680
X-16 Total assetsStart of year $119,169$214,913
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $105,256$197,775
X-28 Net assets with donor restrictionsStart of year $13,913$17,138
X-32 Total net assets or fund balancesStart of year $119,169$214,913
X-33 Total liabilities and net assetsStart of year $119,169$214,913
Part XI · Reconciliation of net assets $214,913 net assets at year end
XI-1 Total revenue$386,664
XI-2 Total expenses$290,920
XI-3 Revenue less expenses$95,744
XI-4 Net assets at start of year$119,169
XI-10 Net assets at end of year$214,913

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

Similar organizations you could support · Compare with another nonprofit

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.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.