Carmel High School Foundation FY2020 filing

Tax-deductible

Carmel, CA501(c)(3)EducationEIN 56-2463215Revenue $94K in FY2020

On file with the IRScarmelhighschoolfoundation.orgPo Box 223288, 93922-3288 · Carmel, CATax-exempt since Feb 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To provide scholarships & awards to deserving graduating students of Carmel High School.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$9K 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

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $29K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
167 mo
of spending, in cash
Looks good: 166.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $39K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$33K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$94K
Spent
$86K
To programs
100%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$94K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$94K
FY2021$60K
FY2022$211K
FY2023$123K
FY2024$147K
Expenses
$86K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$86K
FY2021$78K
FY2022$123K
FY2023$94K
FY2024$110K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.2M
FY2023$1.3M
FY2024$1.5M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $86K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$9,150Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jean Stivers’s $3K as Director is at the 2nd 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 · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Jean Stivers$3,300$9,281$6,656$9,150

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 15aNo

Programs and updates

Awards scholarships to deserving graduating students from Carmel High School.

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Provided by the organization

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1 program · $86K · in their own filed words · FY2020
01

The foundation raises its money through the generous support of the community and works to build strong, sustainable relationships with donors and program sponsors to maintain the viability of the high school educational opportunities for the students it serves.

$86Kprogram 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$39K
See all 3 funders →
Grants paid · 5 grants · $380K · 2020–2024
Unitemized GrantFY2024$90,890
Unitemized GrantFY2023$76,090
Unitemized GrantFY2022$95,272
Unitemized GrantFY2021$57,821
Unitemized GrantFY2020$59,490

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Gifts and grantsLn 1h$78K
Investment incomeLn 3$16K
Money outPt IX
$86K
Ln 25
Programscol B$86K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$33K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Investment incomeLn 3$16K
Total revenueLn 12$94K
Assets in detailPt X, end of year
CashLn 1$97K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$33K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$1.2M
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$27K$33K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$59K$59K
Pay of current officers, directors and key staffLn 5$9K$9K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$1K$1K
Information technologyLn 14$2K$2K
InsuranceLn 23$900$900
Other expenses (24a–d)Ln 24$473$473
Total functional expensesLn 25$86K$86K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $147K$110K$37K$1.5M 990 PDF
FY2023 $123K$94K$29K$1.3M 990 PDF
FY2022 $211K$123K$88K$1.2M 990 PDF
FY2021 $60K$78K−$18K$1.3M 990 PDF
FY2020 Viewing $94K$86K$8K$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
See the full FY2020 990 (6 parts)
Part I · Summary $93,571 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $239,899$77,690
I-9 Program service revenue$0
I-10 Investment incomePrior year $19,939$15,881
I-11 Other revenue$0
I-12 Total revenuePrior year $259,838$93,571
I-13 Grants and similar amounts paidPrior year $58,188$59,490
I-14 Benefits paid to members$0
I-15 Salaries and benefits$9,150
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,539$16,902
I-18 Total expensesPrior year $95,727$85,542
I-19 Revenue less expensesPrior year $164,111$8,029
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $93,571 across 4 lines filed
VIII-1f All other contributions, gifts and grants$77,690
VIII-1h Total contributions, gifts and grants$77,690
VIII-3 Investment incomeExcluded from tax $15,881$15,881
VIII-12 Total revenueExcluded from tax $15,881$93,571
Part IX · Statement of functional expenses $85,542 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $59,490$59,490
IX-5 Pay of current officers, directors and key staffPrograms $9,150$9,150
IX-11c Accounting feesPrograms $1,075$1,075
IX-11f Investment management feesPrograms $6,530$6,530
IX-11g Other fees for servicesPrograms $5,038$5,038
IX-13 Office expensesPrograms $1,338$1,338
IX-14 Information technologyPrograms $1,548$1,548
IX-23 InsurancePrograms $900$900
IX-24 Other expenses (24a–d)Programs $473$473
IX-25 Total functional expensesPrograms $85,542 · Management $0 · Fundraising $0$85,542
Part X · Balance sheet $1,188,432 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $109,366$97,206
X-2 Savings and temporary cash investmentsStart of year $982,310$1,091,226
X-16 Total assetsStart of year $1,091,676$1,188,432
X-17 Accounts payable and accrued expensesStart of year $27,448$33,097
X-26 Total liabilitiesStart of year $27,448$33,097
X-27 Net assets without donor restrictionsStart of year $1,064,228$1,155,335
X-32 Total net assets or fund balancesStart of year $1,064,228$1,155,335
X-33 Total liabilities and net assetsStart of year $1,091,676$1,188,432
Part XI · Reconciliation of net assets $1,155,335 net assets at year end
XI-1 Total revenue$93,571
XI-2 Total expenses$85,542
XI-3 Revenue less expenses$8,029
XI-4 Net assets at start of year$1,064,228
XI-5 Net unrealized gains (losses) on investments$83,078
XI-10 Net assets at end of year$1,155,335

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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