Millard Public Schools Foundation INC

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Child care/educational support

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$324K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $2.1M a year · 21% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$324K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $22.1M in investments, Pt X · Ln 11–13
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $126K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.3M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.8M
+13% vs prior year
Spent
$8.9M
To programs
73%
Net assets
$29.3M
By yearFY2020–FY2025
Revenue
$11.8M
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.3M
FY2021$7.3M
FY2022$9.0M
FY2023$12.5M
FY2024$10.5M
FY2025$11.8M
Expenses
$8.9M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.4M
FY2021$6.0M
FY2022$7.3M
FY2023$8.1M
FY2024$8.2M
FY2025$8.9M
Net assets
$29.3M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.6M
FY2021$18.0M
FY2022$18.3M
FY2023$22.5M
FY2024$26.4M
FY2025$29.3M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1985.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $6.5M Management & general 25% · $2.2M Fundraising 3% · $223K

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

19 people listed on the 990; $324K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Cheif Executive Officer
$197,552Pt VII · Sec A
Director of Operations
$126,289Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Carlos Castillo’s $198K as Cheif Executive Officer is at the 43rd percentile of top reported officer pay among 3122 $10–100M human services 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carlos Castillo$197,552$165,000$155,900$152,567$97,500—
Angelo Passarelli————$60,886$129,148
Mark Beller$126,289$105,013$100,194———
Renae Vermass—————$101,296

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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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 15aYes

Programs and updates

Funds educational programs and resources for public school students, including school improvement, extended learning, and advanced coursework.

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3 programs · $6.5M · in their own filed words · FY2024
01

Full-time and part-time montessori and preschool programs and childcare program which serves students BEFORE/AFTER school at the school allowing working parents to be employed. Twenty-five schools provide this program run by approximately 225 qualified people.

$4.6Mprogram expense
02

Education support for millard public schools. Every school hasreceived some type of support. Support included school improvementgrants supporting various needs and priorities in each school; mediacenter grants which provide for extended hours; early college, advancedplacement and international baccalaureate grants to allow students…

$1.6Mprogram expense
03

Educational scholarships and grants to students and teachers of millard public schools, including college scholarships and scholarships for teachers to attend the university of nebraska-omaha.

$193Kprogram 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 3 funders$126K
See all 3 funders →
Grants paid · 11 grants · $9.9M · 2019–2024
Millard Public SchoolsFY2024$1,115,520
Unitemized GrantFY2024$192,739
Millard Public SchoolsFY2023$1,223,616
Unitemized GrantFY2023$141,983
Millard Public SchoolsFY2022$1,278,630
Unitemized GrantFY2022$163,695
Millard Public SchoolsFY2021$1,487,690
Unitemized GrantFY2021$159,300
Millard Public SchoolsFY2020$1,202,756
Unitemized GrantFY2020$149,441
Millard Public SchoolsFY2019$2,771,289

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$11.8M
Ln 12
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$1.9M
Gifts and grantsLn 1h$770K
Money outPt IX
$8.9M
Ln 25
Programscol B$6.5M
Managementcol C$2.2M
Fundraisingcol D$223K
Owns and owesPt X
$29.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.5M
Total assetsLn 16$33.6M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$770K
Fundraising eventsLn 1c$229K
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$1.9M
Gains on assetsLn 7$1.1M
Total revenueLn 12$11.8M
Assets in detailPt X, end of year
CashLn 1$5.5M
Cash and savings togetherLn 1–2$5.5M
Accounts receivableLn 4$3K
Prepaid expenses and deferred chargesLn 9$65K
Land, buildings, equipmentLn 10c$5.9M
InvestmentsLn 11–13$22.1M
Other assetsLn 15$22K
Total assetsLn 16$33.6M
LiabilitiesLn 26$4.3M
Net assetsLn 32$29.3M
OperationsPt I, VI
EmployeesI 5287
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$71K
Share of the $1.9M endowmentSch D 1g3.7%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$1.9M$1.6M$1.3M$1.3M$1.4M
Given inLn 1b$139K$6K$99K$3K$155K
SpentLn 1d–1f$61K$41K$93K$36K$43K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$6.6M$5.5M
InvestmentsLn 11–13$19.6M$22.1M
Land, buildings, equipmentLn 10c$5.2M$5.9M
Total assetsLn 16$31.5M$33.6M
LiabilitiesLn 26$5.2M$4.3M
Net assetsLn 32$26.4M$29.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Grants to domestic individualsLn 2$193K$193K
Other salaries and wagesLn 7$3.9M$3.2M$683K
Pension plan contributionsLn 8$73K$73K
Other employee benefitsLn 9$126K$64K$63K
Payroll taxesLn 10$276K$228K$48K
Accounting feesLn 11c$223K$223K
Investment management feesLn 11f$71K$71K
Other fees for servicesLn 11g$89K$89K
Advertising and promotionLn 12$64K$64K
Office expensesLn 13$31K$31K
Information technologyLn 14$220K$220K
Conferences, conventions and meetingsLn 19$11K$11K
InterestLn 20$131K$131K
Depreciation, depletion and amortizationLn 22$128K$128K
InsuranceLn 23$53K$53K
Other expenses (24a–d)Ln 24$1.9M$1.7M$223K
All other expensesLn 24e$296K$881$296K
Total functional expensesLn 25$8.9M$6.5M$2.2M$223K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 15, 2026 $11.8M$8.9M$2.9M$29.3M 990 PDF
FY2024Filed with the IRS Apr 11, 2025 $10.5M$8.2M$2.2M$26.4M 990 PDF
FY2023Filed with the IRS Mar 7, 2024 $12.5M$8.1M$4.4M$22.5M 990 PDF
FY2022 $9.0M$7.3M$1.7M$18.3M 990 PDF
FY2021Filed with the IRS Feb 14, 2022 $7.3M$6.0M$1.2M$18.0M 990 PDF
FY2020Filed with the IRS Feb 2, 2021 $8.3M$8.4M−$126K$13.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $11,788,807 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $455,945$769,678
I-9 Program service revenuePrior year $8,519,945$9,234,211
I-10 Investment incomePrior year $1,574,502$1,851,905
I-11 Other revenuePrior year −$88,266−$66,987
I-12 Total revenuePrior year $10,462,126$11,788,807
I-13 Grants and similar amounts paidPrior year $1,365,599$1,308,259
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,953,509$4,350,322
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,912,926$3,216,856
I-18 Total expensesPrior year $8,232,034$8,875,437
I-19 Revenue less expensesPrior year $2,230,092$2,913,370
Part VI · Governance 17 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,788,807 across 10 lines filed
VIII-1c Fundraising events$229,033
VIII-1f All other contributions, gifts and grants$540,645
VIII-1h Total contributions, gifts and grants$769,678
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,234,211$9,234,211
VIII-3 Investment incomeExcluded from tax $774,498$774,498
VIII-6 Net rental income or lossUnrelated business $35,307$35,307
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,077,407$1,077,407
VIII-8 Net income from fundraising eventsExcluded from tax −$127,681−$127,681
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $25,387$25,387
VIII-12 Total revenueRelated to mission $9,234,211 · Unrelated business $35,307 · Excluded from tax $1,749,611$11,788,807
Part IX · Statement of functional expenses $8,875,437 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,115,520$1,115,520
IX-2 Grants to domestic individualsPrograms $192,739$192,739
IX-7 Other salaries and wagesPrograms $3,193,107 · Management $682,526$3,875,633
IX-8 Pension plan contributionsManagement $72,652$72,652
IX-9 Other employee benefitsPrograms $63,564 · Management $62,876$126,440
IX-10 Payroll taxesPrograms $227,698 · Management $47,899$275,597
IX-11c Accounting feesManagement $223,061$223,061
IX-11f Investment management feesManagement $70,950$70,950
IX-11g Other fees for servicesManagement $89,350$89,350
IX-12 Advertising and promotionManagement $63,911$63,911
IX-13 Office expensesManagement $30,537$30,537
IX-14 Information technologyManagement $219,737$219,737
IX-19 Conferences, conventions and meetingsManagement $10,597$10,597
IX-20 InterestManagement $130,781$130,781
IX-22 Depreciation, depletion and amortizationManagement $127,981$127,981
IX-23 InsuranceManagement $53,429$53,429
IX-24 Other expenses (24a–d)Programs $1,676,908 · Fundraising $223,172$1,900,080
IX-24e All other expensesPrograms $881 · Management $295,561$296,442
IX-25 Total functional expensesPrograms $6,470,417 · Management $2,181,848 · Fundraising $223,172$8,875,437
Part X · Balance sheet $33,624,319 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $6,640,237$5,481,304
X-4 Accounts receivableStart of year $500$2,750
X-9 Prepaid expenses and deferred chargesStart of year $58,157$65,320
X-10c Land, buildings and equipment, netStart of year $5,161,631$5,945,195
X-11 Publicly traded securitiesStart of year $19,646,002$22,107,350
X-15 Other assetsStart of year $12,083$22,400
X-16 Total assetsStart of year $31,523,610$33,624,319
X-17 Accounts payable and accrued expensesStart of year $1,206,630$687,308
X-19 Deferred revenueStart of year $268,224$145,217
X-23 Secured mortgages and notes payableStart of year $3,643,313$3,470,085
X-25 Other liabilitiesStart of year $41,170$41,170
X-26 Total liabilitiesStart of year $5,159,337$4,343,780
X-27 Net assets without donor restrictionsStart of year $24,094,273$26,636,190
X-28 Net assets with donor restrictionsStart of year $2,270,000$2,644,349
X-32 Total net assets or fund balancesStart of year $26,364,273$29,280,539
X-33 Total liabilities and net assetsStart of year $31,523,610$33,624,319
Part XI · Reconciliation of net assets $29,280,539 net assets at year end
XI-1 Total revenue$11,788,807
XI-2 Total expenses$8,875,437
XI-3 Revenue less expenses$2,913,370
XI-4 Net assets at start of year$26,364,273
XI-5 Net unrealized gains (losses) on investments$2,896
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,280,539

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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