To support academic enrichment programs for all students of Elkin City Schools by providing funds for needs not met by State funding.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $58K a year · 32% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $1.4M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $1.4M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names 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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
-44% vs prior year
Spent
$72K
To programs
98%
Net assets
$1.4M
By yearFY2021–FY2025
Revenue
$45K
FY2023▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2021$81K
FY2023$45K
FY2024$433K
FY2025$164K
Expenses
$72K
FY2023▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2021$108K
FY2023$72K
FY2024$137K
FY2025$174K
Net assets
$1.4M
FY2023▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.4M
FY2023$1.4M
FY2024$1.7M
FY2025$1.7M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2016-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2017.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $71K Fundraising 2% · $1K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Doug Reinhardt’s $12K as Executive Di is at the 11th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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

NameFY2025FY2024
Doug Reinhardt$12,000$10,331

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 Elkin 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

Funds academic enrichment programs for Elkin City Schools students, covering unmet needs.

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Provided by the organization

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1 program · $71K · in their own filed words · FY2022
01

Approximately 1200 students and 100 educators benefitted from advanced teaching aids and facilities acquired through funding by the elkin academic enrichment foundation.

$71Kprogram 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 1 funder$1K
Grants paid · 2 grants · $173K · 2020–2022
Elkin City SchoolsFY2022$67,073
Elkin City SchoolsFY2020$105,429

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$45K
Ln 12
Investment incomeLn 3$36K
Gifts and grantsLn 1h$9K
Other incomeLn 4–11$798
Money outPt IX
$72K
Ln 25
Programscol B$71K
Fundraisingcol D$1K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Fundraising eventsLn 1c$6K
Investment incomeLn 3$36K
Other incomeLn 4–11$798
Gains on assetsLn 7−$6K
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9K$5K
InvestmentsLn 11–13$1.4M$1.4M
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$67K$67K
Legal feesLn 11b$195$195
Accounting feesLn 11c$495$495
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$3K$3K
Information technologyLn 14$236$236
Total functional expensesLn 25$72K$71K$0$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $164K$174K−$11K$1.7M 990 PDF
FY2024 $433K$137K$296K$1.7M 990 PDF
FY2023 Viewing $45K$72K−$27K$1.4M 990 PDF
FY2022 Not on file
FY2021 $81K$108K−$27K$1.4M 990 PDF

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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 $45,327 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,207$8,564
I-9 Program service revenue$0
I-10 Investment incomePrior year $110,391$35,965
I-11 Other revenue$798
I-12 Total revenuePrior year $111,598$45,327
I-13 Grants and similar amounts paidPrior year $69,121$67,073
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,012$5,388
I-18 Total expensesPrior year $71,133$72,461
I-19 Revenue less expensesPrior year $40,465−$27,134
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $45,327 across 7 lines filed
VIII-1c Fundraising events$6,066
VIII-1f All other contributions, gifts and grants$2,498
VIII-1h Total contributions, gifts and grants$8,564
VIII-3 Investment incomeRelated to mission $41,926$41,926
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,961−$5,961
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $798$798
VIII-12 Total revenueRelated to mission $35,965 · Excluded from tax $798$45,327
Part IX · Statement of functional expenses $72,461 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $67,073$67,073
IX-11b Legal feesPrograms $195$195
IX-11c Accounting feesPrograms $495$495
IX-11g Other fees for servicesFundraising $1,406$1,406
IX-12 Advertising and promotionPrograms $3,056$3,056
IX-14 Information technologyPrograms $236$236
IX-25 Total functional expensesPrograms $71,055 · Management $0 · Fundraising $1,406$72,461
Part X · Balance sheet $1,430,011 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $8,541$4,669
X-11 Publicly traded securitiesStart of year $1,448,604$1,425,342
X-16 Total assetsStart of year $1,457,145$1,430,011
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,457,145$1,430,011
X-33 Total liabilities and net assetsStart of year $1,457,145$1,430,011
Part XI · Reconciliation of net assets $1,430,011 net assets at year end
XI-1 Total revenue$45,327
XI-2 Total expenses$72,461
XI-3 Revenue less expenses−$27,134
XI-4 Net assets at start of year$1,457,145
XI-10 Net assets at end of year$1,430,011

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

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