Carroll High School Foundation

Carroll, IA · Public charity (501(c)(3)) · Since 2012 · Education

✓ Tax-deductible Latest data FY2025
Revenue
$187K
▲ +177% vs prior year
Spent
$44K
To programs
100%
Net assets
$361K

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Iowa Savings Bank Charitable Foundation
$500 in the latest grant year.
Spent on programs?
100% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +177% vs prior year
Legal name (IRS)Hdr · item CCarroll High School Foundation
EINHdr · item D46-0826467
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2015
Year of formationHdr · item L2012
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCarroll, IA
NTEE classificationIRS BMFEducation (B90)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$44K
Total functional expensesLn 25$44K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$187K
FY2025▲ +177%
Expenses
$44K
FY2025▼ -2%
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
98.1mo
months of highly liquid reserves at operating expense rate▲ +73% vs prior filing year
Surplus margin
+76%
revenue over expenses, this year▲ +130% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$361K
FY2025▲ +69%
Total liabilities
$0
FY2025
Revenue less expensesPt I · Ln 19$143K
Total assetsPt X · Ln 16$361K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Balance Sheet

Part X · end of year
CashLn 1$55K
Total assetsLn 16$361K
Total liabilitiesLn 26$0
Total net assetsLn 32$361K
Months of cash on handcomputed14.8

Statement of Revenue

Part VIII
Contributions & grants$171K · 92%
Investment income$16K · 8%
Contributions & grants92%$171K
Investment income8%$16K
Total revenueLn 12$187K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $361K · Operating expenses/yr $44K
98.1 months
Where the money goes
Program services
Program services $44K · Total expenses $44K
100%
Management & General
Management & general $0 · Total expenses $44K
0%
Fundraising
Fundraising $0 · Total expenses $44K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $100K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $171K · Total revenue $187K
92%
Government reliance
Government grants — · Total revenue $187K
—
Earned-income share
Program service revenue $0 · Total revenue $187K
0%
Investment reliance
Investment income $16K · Total revenue $187K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $44K
0%
Growth & trend
Revenue growth (YoY)
This year $187K · Prior year $67K
+177%
Revenue CAGR
FY2020 $34K · FY2025 $187K
+41%
Net-asset trend (YoY)
End of year $361K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $187K · Expenses $44K
+76%
Liabilities-to-Assets
Total liabilities — · Total assets $361K
—
Net-asset ratio
Net assets $361K · Total assets $361K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $306K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $361K
85%
People & payroll
Highest Reported Total Compensation
Individual Katie Kruse · Reported title TREASURER · Highest reported compensation $0 · Total expenses $44K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $44K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Revenue growth 177%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Carroll High School Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Supports Carroll High School students and programs.

Provided by the organization

This section is blank until Carroll High School Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $44K of program spending, described in the organization's own filed words · FY2025.
01

Raising money to support CHS stem institute and programs for k-12 including mentoring support and practical needs of teaching staff and development of makerspace and scholarships awarded to students.

$44Kprogram expense

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Funders

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 1 funder$500
Grants paid · 4 grants · $96K · 2023–2025
Carroll Community School DistrictFY2025$21,530
Unitemized GrantFY2024$32,862
Unitemized GrantFY2023$31,977
Unitemized GrantFY2023$9,882

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $187K$44K+177% 990 PDF
FY2024 $67K$45K-41% 990 PDF
FY2023 $115K$69K+92% 990 PDF
FY2022 $59K—+18% 990 PDF
FY2021 $50K—+49% 990 PDF
FY2020 $34K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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