Foundation for Choice FY2022 filing

Plano, TX · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2022
Revenue
$177K
▼ -36% vs prior year
Spent
$141K
To programs
53%
Net assets
$157K
By yearFY2020–FY2024
Revenue
$177K
FY2022▼ -36%
Revenue by fiscal year
FY2020$215K
FY2021$277K
FY2022$177K
FY2023$157K
FY2024$310K
Expenses
$141K
FY2022▼ -17%
Expenses by fiscal year
FY2020$205K
FY2021$171K
FY2022$141K
FY2023$247K
FY2024$280K
Net assets
$157K
FY2022▲ +29%
Net assets by fiscal year
FY2020$15K
FY2021$121K
FY2022$157K
FY2023$68K
FY2024$99K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

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)
Foundation funders?
2 funders, incl. Communities Foundation of Texas INC
$14K in the latest grant year.
Spent on programs?
53% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -36% vs prior year
Legal name (IRS)Hdr · item CFoundation for Choice
EINHdr · item D47-1322221
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPlano, TX
NTEE classificationIRS BMFEducation (B12)
WebsiteHdr · item Jwww.foundationforchoice.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$75K
Management & general47%$67K
Total functional expensesLn 25$141K

Financial health

Program efficiency
53%
of spending reaches programs
Operating runway
13.4mo
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
$158K
FY2022▲ +4%
Total assets by fiscal year
FY2020$50K
FY2021$152K
FY2022$158K
FY2023$68K
FY2024$99K
Total liabilities
$616
FY2022▼ -98%
Total liabilities by fiscal year
FY2020$35K
FY2021$31K
FY2022$616
FY2023$0
FY2024$134
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$158K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$158K
Total assetsLn 16$158K
Total liabilitiesLn 26$616
Total net assetsLn 32$157K
Months of cash on handcomputed13.4

Statement of Revenue

Part VIII
Contributions & grants$140K · 79%
Other revenue$30K · 17%
Program service revenue$7K · 4%
Contributions & grants79%$140K
Other revenue17%$30K
Program service revenue4%$7K
Investment income$228
Total revenueLn 12$177K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $158K · Operating expenses/yr $141K
13.4 months
Where the money goes
Program services
Program services $75K · Total expenses $141K
53%
Management & General
Management & general $67K · Total expenses $141K
47%
Fundraising
Fundraising $0 · Total expenses $141K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $198K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $177K
79%
Government reliance
Government grants — · Total revenue $177K
—
Earned-income share
Program service revenue $7K · Total revenue $177K
4%
Investment reliance
Investment income $228 · Total revenue $177K
+0.1%
Program self-sufficiency
Program service revenue $7K · Total expenses $141K
5%
Growth & trend
Revenue growth (YoY)
This year $177K · Prior year $277K
-36%
Net-asset trend (YoY)
End of year $157K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $177K · Expenses $141K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $158K
—
Net-asset ratio
Net assets $157K · Total assets $158K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $158K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jessica Bartnick · Reported title CEO & President Ex Officio · Highest reported compensation $31K · Total expenses $141K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $87K · Total expenses $141K
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%——
Overhead ratio 47%——
Fundraising cost ratio 0%——
Revenue growth -36%——
Accounting fee ratio 4%——

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO & President Ex Officio
$31,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman of Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jessica Bartnick’s $8K as CEO & President Ex Officio is at the 7th percentile of top reported officer pay among 1613 $100K–1M 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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Patty Gunn-Kuppenbender———$38,077
Jessica Bartnick$8,500$31,000$36,500$23,900
Jennifer Haden———$18,063

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 Foundation for Choice executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Connects at-risk youth with mentors to help them pursue college education.

Provided by the organization

This section is blank until Foundation for Choice claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $75K of program spending, described in the organization's own filed words · FY2022.
01

Education Assistance For Underprivileged Individuals.

$75Kprogram expense

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Funders

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 2 funders$14K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $310K$280K+97% 990 PDF
FY2023 $157K$247K-11% 990 PDF
FY2022 Viewing $177K$141K-36% 990 PDF
FY2021 $277K$171K+29% 990 PDF
FY2020 $215K$205K 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
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