Freeport Area School District Foundation

Tax-deductible

Freeport, PA501(c)(3)Since 2012EducationEIN 46-1033920

The freeport area school district foundation's mission is to put ideas for enhanced education into action by funding innovative programs, broadening teaching and learning opportunities, and encouraging community involvement.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $18K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$93K
-19% vs prior year
Spent
$76K
To programs
82%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$93K
FY2024▼ -19%
Revenue by fiscal year
FY2020$75K
FY2021$78K
FY2022$96K
FY2023$84K
FY2024$114K
FY2024$93K
Expenses
$76K
FY2024▲ +44%
Expenses by fiscal year
FY2020$48K
FY2021$92K
FY2022$73K
FY2023$90K
FY2024$52K
FY2024$76K
Net assets
$1.0M
FY2024▲ +8%
Net assets by fiscal year
FY2020$721K
FY2021$845K
FY2022$748K
FY2023$797K
FY2024$927K
FY2024$1.0M

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2016-11-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CFreeport Area School District Foundation
EINHdr · item D46-1033920
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2017
Year of formationHdr · item L2012
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CFreeport, PA
NTEE classificationIRS BMFEducation (B19)
WebsiteHdr · item Jfasdf.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$62K
Management & general18%$13K
Total functional expensesLn 25$76K

Finances

Money in and out, what it owns and owes

Program efficiency
82%
of spending reaches programs▲ +8% vs prior filing year
Months of spending covered by cash
159.3mo
months of highly liquid reserves at operating expense rate▼ -25% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▼ -66% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.0M
FY2024▲ +8%
Total assets by fiscal year
FY2020$721K
FY2021$845K
FY2022$748K
FY2023$797K
FY2024$927K
FY2024$1.0M
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2024$0
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$76K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.0M
Months of cash on handcomputed12.1

Statement of Revenue

Part VIII
Contributions & grants$36K · 39%
Investment income$36K · 39%
Other revenue$20K · 22%
Contributions & grants39%$36K
Investment income39%$36K
Other revenue22%$20K
Total revenueLn 12$93K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $1.0M · Operating expenses/yr $76K
159.3 months
Where the money goes
Program services
Program services $62K · Total expenses $76K
82%
Management & General
Management & general $13K · Total expenses $76K
18%
Fundraising
Fundraising $0 · Total expenses $76K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $52K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $36K · Total revenue $93K
39%
Government reliance
Government grants — · Total revenue $93K
—
Earned-income share
Program service revenue $0 · Total revenue $93K
0%
Investment reliance
Investment income $36K · Total revenue $93K
+39%
Program self-sufficiency
Program service revenue $0 · Total expenses $76K
0%
Growth & trend
Revenue growth (YoY)
This year $93K · Prior year $114K
-19%
Revenue CAGR
FY2019 $75K · FY2024 $93K
+4%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $93K · Expenses $76K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $927K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
92%
People & payroll
Highest Reported Total Compensation
Individual Regan Cordier · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $76K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $76K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 18%——
Revenue growth -19%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Amy O'Neill’s $15K as Executive Di is at the 48th percentile of top reported officer pay among 146 <$100K 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

NameFY2023FY2022FY2021FY2020
Amy O'Neill$15,000$5,000——
Bobbi Jo O'Shell——$5,000$5,000

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 Freeport Area School District Foundation executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds innovative educational programs and opportunities to enhance learning and encourage community involvement.

Provided by the organization

This section is blank until Freeport Area School District Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $62K of program spending, described in the organization's own filed words · FY2024.
01

Classroom Grants

The foundation facilitates the financing of educational and extracurricular program expansion, innovative educational projects and activities, and student academic support programs through its classroom grant program.

$31Kprogram expense
02

Scholarships

The foundation solicits and manages student scholarship funds to provide post-secondary financial assistance for the graduates of freeport area high school.

$31Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 11 grants · $337K · 2019–2024
Unitemized GrantFY2024$31,172
Unitemized GrantFY2024$31,100
Unitemized GrantFY2023$39,978
Unitemized GrantFY2022$33,605
Unitemized GrantFY2022$32,900
Unitemized GrantFY2021$32,625
Unitemized GrantFY2021$21,850
Unitemized GrantFY2020$47,539
Unitemized GrantFY2020$30,900
Unitemized GrantFY2019$27,500
Unitemized GrantFY2019$8,068

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $114K$52K+36% 990 PDF
FY2023 $84K$90K-13% 990 PDF
FY2022 $96K$73K+23% 990 PDF
FY2021 $78K$92K+3% 990 PDF
FY2020 $75K$48K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $92,780 across 5 lines filed
VIII-1f All other contributions, gifts and grants$36,200
VIII-1h Total contributions, gifts and grants$36,200
VIII-3 Investment incomeExcluded from tax $36,300$36,300
VIII-8 Net income from fundraising eventsExcluded from tax $20,280$20,280
VIII-12 Total revenueExcluded from tax $56,580$92,780
Part IX · Statement of functional expenses $75,570 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $62,272$62,272
IX-11c Accounting feesManagement $5,800$5,800
IX-11f Investment management feesManagement $6,686$6,686
IX-13 Office expensesManagement $562$562
IX-24 Other expenses (24a–d)Management $250$250
IX-25 Total functional expensesPrograms $62,272 · Management $13,298 · Fundraising $0$75,570
Part X · Balance sheet $1,003,029 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $68,291$75,974
X-11 Publicly traded securitiesStart of year $858,756$927,055
X-16 Total assetsStart of year $927,047$1,003,029
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $275,935$378,189
X-28 Net assets with donor restrictionsStart of year $651,112$624,840
X-32 Total net assets or fund balancesStart of year $927,047$1,003,029
X-33 Total liabilities and net assetsStart of year $927,047$1,003,029
Part XI · Reconciliation of net assets $1,003,029 net assets at year end
XI-1 Total revenue$92,780
XI-2 Total expenses$75,570
XI-3 Revenue less expenses$17,210
XI-4 Net assets at start of year$927,047
XI-5 Net unrealized gains (losses) on investments$58,772
XI-10 Net assets at end of year$1,003,029

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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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