Montgomery Education Foundation FY2022 filing

Montgomery, AL · Public charity (501(c)(3)) · Since 2013 · Education

✓ Tax-deductible
Revenue
$685K
-47% vs prior year
Spent
$824K
To programs
158%
Net assets
$148K
By yearFY2020–FY2024
Revenue
$685K
FY2022▼ -47%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$685K
FY2024$1.8M
FY2024$1.8M
Expenses
$824K
FY2022▼ -35%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$824K
FY2024$1.8M
FY2024$1.7M
Net assets
$148K
FY2022▼ -48%
Net assets by fiscal year
FY2020$266K
FY2021$286K
FY2022$148K
FY2024$391K
FY2024$411K

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

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?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMontgomery Education Foundation
EINHdr · item D46-3586388
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2014
Year of formationHdr · item L2013
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMontgomery, AL
NTEE classificationIRS BMFEducation (B03)
WebsiteHdr · item Jwww.montgomeryed.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 $1.58 Management & general $0.25 Fundraising $0.01
Program services158%$1.3M
Management & general25%$203K
Fundraising1%$4K
Total functional expensesLn 25$824K

Financial health

Is it on solid ground?

Program efficiency
83%
of spending reaches programs
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$280K
FY2022▼ -40%
Total assets by fiscal year
FY2020$286K
FY2021$470K
FY2022$280K
FY2024$516K
FY2024$734K
Total liabilities
$132K
FY2022▼ -28%
Total liabilities by fiscal year
FY2020$20K
FY2021$183K
FY2022$132K
FY2024$125K
FY2024$322K
Revenue less expensesPt I · Ln 19−$138K
Total assetsPt X · Ln 16$280K
Program-expense ratioPt IX · col B158%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$13K
Total assetsLn 16$280K
Total liabilitiesLn 26$132K
Total net assetsLn 32$148K
Months of cash on handcomputed0.2

Statement of Revenue

Part VIII
Contributions & grants100%$685K
Investment income$168
— government grantsLn 1e$74K
Total revenueLn 12$685K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13K · Operating expenses/yr $824K
0.2 months
Where the money goes
Program services
Program services $686K · Total expenses $824K
83%
Management & General
Management & general $136K · Total expenses $824K
17%
Fundraising
Fundraising $2K · Total expenses $824K
0.3%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $989K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $685K · Total revenue $685K
100%
Government reliance
Government grants $74K · Total revenue $685K
11%
Earned-income share
Program service revenue $0 · Total revenue $685K
0%
Investment reliance
Investment income $168 · Total revenue $685K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $824K
0%
Growth & trend
Revenue growth (YoY)
This year $685K · Prior year $1.3M
-47%
Net-asset trend (YoY)
End of year $148K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $685K · Expenses $824K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $280K
—
Net-asset ratio
Net assets $148K · Total assets $280K
53%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $280K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ann McKimmon Sikes · Reported title PRESIDENT · Highest reported compensation $84K · Total expenses $824K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $660K · Total expenses $824K
80%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 158%——
Overhead ratio 25%——
Fundraising cost ratio 0.6%——
Revenue growth -47%——
Legal fee ratio 3%——
Accounting fee ratio 3%——

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
$83,570Pt VII · Sec A
$64,538Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Ann McKimmon Sikes’s $84K as President is at the 21st 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Ann McKimmon Sikes$83,600$83,600$64,538$83,600$83,600

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.

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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 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports public schools and students with resources and programs for academic success.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

4 program services account for $1.9M of program spending, described in the organization's own filed words · FY2022.
01

Starbase

Is a hands on learning program in coordination with maxwell air force base to raise interest and improve both the knowledge and skill sets of students specifically in the areas of science, technology, engineering and mathmatics (stem).

$1.0Mprogram expense
02

Starbase

Is a hands on learning program in coordination with maxwell air force base to raise interest and improve both the knowledge and skill sets of students specifically in the areas of science, technology, engineering and mathmatics (stem).

$486Kprogram expense
03

Summer Learning Program

Engages montgomery's youth during the summer, through literacy & stem with a multi-concept stem enrichment lab and provides opportunities for children to explore, have fun, and build deeper relationships with their peers and teachers during the SUMMER.MGM reads (a sub-program of summer learning: seeks to provide and distribute…

$184Kprogram expense
04

Summer Learning Program and Mgm Reads

Engages montgomery's youth during the summer, through literacy, by providing underserved students and families with books & stem with a multi-concept stem enrichment lab that provides opportunities for children to learn, explore, have fun, and build deeper relationships with their peers and teachers during the summer.

$169Kprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$140K
Grants paid · 1 grant · $7K · 2022–2022
Unitemized GrantFY2022$6,659

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $1.8M$1.8M+161% 990 PDF
FY2023 Not on file
FY2022 Viewing $685K$824K-47% 990 PDF
FY2021 $1.3M$1.3M-5% 990 PDF
FY2020 $1.3M$1.2M 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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