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Fospe INC

Tax-deductible

Miami Beach, FL501(c)(3)Since 2015Education EIN 47-2871969Revenue $497K in FY2026

On file with the IRS1050 4th St, 33139-6809 · Miami Beach, FLTax-exempt since Jun 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Fospe, INC. Was established in january 2015 and is a 501(c)(3) designated non profit entity. Fospe's mission is to raise funds and work in close cooperation with south pointe elementary principal/faculty and administration to expand curricular enrichment, educational initiatives and classroom support for the benefit of the children at south pointe elementary. Our parent driven volunteer organization aims to raise funds and provide south pointe elementary public school with curricular enrichment, educational initiative and classroom support. Fospe, INC. Is comprised of friends, family, neighbors and colleagues who share a core belief: our community is what we make IT. Our goal: to give every child the opportunity to succeed in a safe, professional, caring, and compassionate school environment while empowering them with productive learning to help them achieve success in life.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2026 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $7K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
3% of total assets
Looks good: liabilities are 3% 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
$497K
+17% vs prior year
Spent
$504K
To programs
96%
Net assets
$137K
By yearFY2021–FY2026
Revenue
$497K
FY2026▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2021$51K
FY2022$372K
FY2023$548K
FY2024$469K
FY2025$425K
FY2026$497K
Expenses
$504K
FY2026▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021$60K
FY2022$318K
FY2023$552K
FY2024$478K
FY2025$409K
FY2026$504K
Net assets
$137K
FY2026▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021$87K
FY2022$139K
FY2023$137K
FY2024$128K
FY2025$145K
FY2026$137K

From the FY2026 Form 990 (year ending June 2026) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jun 2015.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $485K Management & general 2% · $9K Fundraising 2% · $10K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
$0Pt VII · Sec A
Vedant Mimani
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah Wright
Director
$0Pt VII · Sec A
Chris Lentz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fospe INC 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

Supports elementary students with enriched learning, educational programs, and classroom resources.

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Provided by the organization

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1 program · $485K · in their own filed words · FY2025
01

Fospe delivered extra-curricular enrichment, educational initiatives, health and safety enhancements and classroom support for the benefit of ~ 425 students at miami beach south pointe elementary school. The result of this work helped south pointe elementary retain its "a" grade from the state of florida department of education.

$485Kprogram 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
Mightycause Charitable FoundationFY2024$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 1 grant · $26K · 2023–2023
Individual RecipientFY2023$26,138

By the numbers

The FY2026 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$497K
Ln 12
Fees for servicesLn 2g$441K
Other incomeLn 4–11$35K
Gifts and grantsLn 1h$21K
Money outPt IX
$504K
Ln 25
Programscol B$485K
Managementcol C$9K
Fundraisingcol D$10K
Owns and owesPt X
$137K
net assets · Ln 32
Cash and savingsLn 1–2$142K
Total assetsLn 16$142K
LiabilitiesLn 26$4K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21K
Fees for servicesLn 2g$441K
Other incomeLn 4–11$35K
Total revenueLn 12$497K
Assets in detailPt X, end of year
CashLn 1$142K
Cash and savings togetherLn 1–2$142K
Total assetsLn 16$142K
LiabilitiesLn 26$4K
Net assetsLn 32$137K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
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 FY26End FY26
Cash and savingsLn 1–2$145K$142K
Total assetsLn 16$145K$142K
LiabilitiesLn 26$554$4K
Net assetsLn 32$145K$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$50$50
Office expensesLn 13$423$423
Information technologyLn 14$4K$4K
OccupancyLn 16$24K$24K
InsuranceLn 23$895$895
Other expenses (24a–d)Ln 24$458K$458K
All other expensesLn 24e$16K$3K$2K$10K
Total functional expensesLn 25$504K$485K$9K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $497K$504K−$7K$137K 990 PDF
FY2025 $425K$409K$16K$145K 990 PDF
FY2024 $469K$478K−$9K$128K 990 PDF
FY2023 $548K$552K−$3K$137K 990 PDF
FY2022 $372K$318K$54K$139K 990 PDF
FY2021 $51K$60K−$8K$87K 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 FY2026 990 (6 parts)
Part I · Summary $496,905 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,693$21,276
I-9 Program service revenuePrior year $377,997$441,099
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $29,216$34,530
I-12 Total revenuePrior year $424,906$496,905
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $408,617$504,286
I-18 Total expensesPrior year $408,617$504,286
I-19 Revenue less expensesPrior year $16,289−$7,381
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 $496,905 across 5 lines filed
VIII-1f All other contributions, gifts and grants$21,276
VIII-1h Total contributions, gifts and grants$21,276
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $441,099$441,099
VIII-8 Net income from fundraising eventsExcluded from tax $34,530$34,530
VIII-12 Total revenueRelated to mission $441,099 · Unrelated business $0 · Excluded from tax $34,530$496,905
Part IX · Statement of functional expenses $504,286 across 8 lines filed
IX-11c Accounting feesManagement $1,500$1,500
IX-12 Advertising and promotionManagement $50$50
IX-13 Office expensesManagement $423$423
IX-14 Information technologyManagement $3,961$3,961
IX-16 OccupancyPrograms $23,702$23,702
IX-23 InsuranceManagement $895$895
IX-24 Other expenses (24a–d)Programs $458,009$458,009
IX-24e All other expensesPrograms $3,483 · Management $1,886 · Fundraising $10,377$15,746
IX-25 Total functional expensesPrograms $485,194 · Management $8,715 · Fundraising $10,377$504,286
Part X · Balance sheet $141,658 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $145,331$141,658
X-16 Total assetsStart of year $145,331$141,658
X-17 Accounts payable and accrued expensesStart of year $554$4,343
X-26 Total liabilitiesStart of year $554$4,343
X-27 Net assets without donor restrictionsStart of year $144,777$137,315
X-32 Total net assets or fund balancesStart of year $144,777$137,315
X-33 Total liabilities and net assetsStart of year $145,331$141,658
Part XI · Reconciliation of net assets $137,315 net assets at year end
XI-1 Total revenue$496,905
XI-2 Total expenses$504,286
XI-3 Revenue less expenses−$7,381
XI-4 Net assets at start of year$144,777
XI-9 Other changes in net assets−$81
XI-10 Net assets at end of year$137,315

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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