Estrella Educational Foundation FY2024 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 2013EducationEIN 46-2629295

Estrella Educational Foundation is committed to the mission of improving student achievement.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 $249K a year · 6% 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$705K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
+3% vs prior year
Spent
$5.1M
To programs
90%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$4.9M
FY2024▲ +3%
Revenue by fiscal year
FY2020$2.0M
FY2021$3.1M
FY2022$4.4M
FY2023$4.8M
FY2024$4.9M
FY2024$5.3M
Expenses
$5.1M
FY2024▲ +17%
Expenses by fiscal year
FY2020$2.0M
FY2021$3.0M
FY2022$3.5M
FY2023$4.4M
FY2024$5.1M
FY2024$5.3M
Net assets
$1.3M
FY2024▼ -12%
Net assets by fiscal year
FY2020$337K
FY2021$451K
FY2022$1.4M
FY2023$1.5M
FY2024$1.3M
FY2024$1.3M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Aug 2014.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $4.6M Management & general 10% · $494K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ruben Gutierrez’s $5 as COO is at the 0th percentile of top reported officer pay among 3395 $1–10M 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.

See Estrella Educational 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

Improves student achievement through educational programs and support.

Provided by the organization

This section is blank until Estrella Educational Foundation claims this page.

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1 program service account for $4.6M of program spending, described in the organization's own filed words · FY2023.
01

Estrella Educational Foundation has two main strategic units. These are: education charter schools for science, technology, engineering and mathematics (STEM) and educational services for underserved/economically disadvantaged student populations.

$4.6Mprogram 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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Gifts and grantsLn 1h$4.8M
Other incomeLn 4–11$93K
Investment incomeLn 3$194
Money outPt IX
$5.1M
Ln 25
Programscol B$4.6M
Managementcol C$494K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.0M
LiabilitiesLn 26$705K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.8M
Government grantsLn 1e$4.8M
Investment incomeLn 3$194
Other incomeLn 4–11$93K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$702K
SavingsLn 2$986K
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$120K
Total assetsLn 16$2.0M
LiabilitiesLn 26$705K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 541
VolunteersI 68
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$1.5M$1.7M
Land, buildings, equipmentLn 10c$88K$120K
Total assetsLn 16$2.1M$2.0M
LiabilitiesLn 26$619K$705K
Net assetsLn 32$1.5M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.3M$2.2M$37K$0
Pension plan contributionsLn 8$121K$118K$2K$0
Other employee benefitsLn 9$221K$214K$8K$0
Payroll taxesLn 10$162K$159K$3K$0
Legal feesLn 11b$7K$0$7K$0
Accounting feesLn 11c$102K$0$102K$0
Other fees for servicesLn 11g$478K$416K$62K$0
Advertising and promotionLn 12$94K$0$94K$0
Office expensesLn 13$119K$115K$4K$0
Information technologyLn 14$275K$131K$143K$0
OccupancyLn 16$799K$799K$0$0
TravelLn 17$205K$189K$16K$0
Depreciation, depletion and amortizationLn 22$34K$34K$0$0
InsuranceLn 23$29K$29K$0$0
Other expenses (24a–d)Ln 24$199K$184K$15K$0
All other expensesLn 24e$90$90$0$0
Total functional expensesLn 25$5.1M$4.6M$494K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $4.9M$5.1M−$188K$1.3M 990 PDF
FY2023 $4.8M$4.4M$411K$1.5M 990 PDF
FY2022 $4.4M$3.5M$918K$1.4M 990 PDF
FY2021 $3.1M$3.0M$114K$451K 990 PDF
FY2020 $2.0M$2.0M−$9K$337K 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,938,026 across 6 lines filed
VIII-1e Government grants$4,839,259
VIII-1f All other contributions, gifts and grants$5,520
VIII-1h Total contributions, gifts and grants$4,844,779
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$194
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $93,053 · Unrelated business $0 · Excluded from tax $0$93,053
VIII-12 Total revenueRelated to mission $93,247 · Unrelated business $0 · Excluded from tax $0$4,938,026
Part IX · Statement of functional expenses $5,125,882 across 16 lines filed
IX-7 Other salaries and wagesPrograms $2,244,102 · Management $36,829 · Fundraising $0$2,280,931
IX-8 Pension plan contributionsPrograms $118,470 · Management $2,271 · Fundraising $0$120,741
IX-9 Other employee benefitsPrograms $213,796 · Management $7,606 · Fundraising $0$221,402
IX-10 Payroll taxesPrograms $158,579 · Management $2,924 · Fundraising $0$161,503
IX-11b Legal feesPrograms $0 · Management $7,414 · Fundraising $0$7,414
IX-11c Accounting feesPrograms $0 · Management $102,011 · Fundraising $0$102,011
IX-11g Other fees for servicesPrograms $416,010 · Management $62,408 · Fundraising $0$478,418
IX-12 Advertising and promotionPrograms $0 · Management $93,721 · Fundraising $0$93,721
IX-13 Office expensesPrograms $114,877 · Management $4,298 · Fundraising $0$119,175
IX-14 Information technologyPrograms $131,344 · Management $143,420 · Fundraising $0$274,764
IX-16 OccupancyPrograms $798,554 · Management $0 · Fundraising $0$798,554
IX-17 TravelPrograms $189,272 · Management $15,971 · Fundraising $0$205,243
IX-22 Depreciation, depletion and amortizationPrograms $33,910 · Management $0 · Fundraising $0$33,910
IX-23 InsurancePrograms $29,349 · Management $0 · Fundraising $0$29,349
IX-24 Other expenses (24a–d)Programs $183,505 · Management $15,151 · Fundraising $0$198,656
IX-24e All other expensesPrograms $90 · Management $0 · Fundraising $0$90
IX-25 Total functional expensesPrograms $4,631,858 · Management $494,024 · Fundraising $0$5,125,882
Part X · Balance sheet $2,032,430 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,495,258$702,101
X-2 Savings and temporary cash investments$986,195
X-3 Pledges and grants receivableStart of year $396,279$140,607
X-4 Accounts receivableStart of year $96,888$70,707
X-9 Prepaid expenses and deferred chargesStart of year $56,984$12,459
X-10c Land, buildings and equipment, netStart of year $88,439$120,361
X-16 Total assetsStart of year $2,133,848$2,032,430
X-17 Accounts payable and accrued expensesStart of year $336,515$422,953
X-19 Deferred revenueStart of year $282,415$282,415
X-26 Total liabilitiesStart of year $618,930$705,368
X-27 Net assets without donor restrictionsStart of year $1,510,792$1,322,936
X-28 Net assets with donor restrictionsStart of year $4,126$4,126
X-32 Total net assets or fund balancesStart of year $1,514,918$1,327,062
X-33 Total liabilities and net assetsStart of year $2,133,848$2,032,430
Part XI · Reconciliation of net assets $1,327,062 net assets at year end
XI-1 Total revenue$4,938,026
XI-2 Total expenses$5,125,882
XI-3 Revenue less expenses−$187,856
XI-4 Net assets at start of year$1,514,918
XI-10 Net assets at end of year$1,327,062

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

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