Strong Foundations Elementary School INC: Nonprofit Profile, Financials & Form 990 (EIN 56-2512338)

Revenue by fiscal year
FY2020	$157K
FY2021	$272K
FY2022	$315K
FY2023	$503K
FY2024	$499K
FY2025	$511K

Expenses by fiscal year
FY2020	$219K
FY2021	$206K
FY2022	$214K
FY2023	$410K
FY2024	$401K
FY2025	$412K

Net assets by fiscal year
FY2020	$20K
FY2021	$148K
FY2022	$308K
FY2023	$400K
FY2024	$496K
FY2025	$602K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2006.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $410K Management & general 1% · $2K

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 (FY2024); the FY2025 filing did not itemize Part VII

Beth McClure

Secretary

$0Pt VII · Sec A

Sarah Osborne

Director

$0Pt VII · Sec A

Denise Perron

Director

$0Pt VII · Sec A

Mark Sisti

Chair

$0Pt VII · Sec A

Safiya Wazir

Director

$0Pt VII · Sec A

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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

Provides real estate for charter schools.

Questions for Strong Foundations Elementary School INC

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Provided by the organization

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2 programs · $410K · in their own filed words · FY2024

01

Facilities for elementary school education

$401Kprogram expense

02

Pto activities

$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Amazonsmile FoundationFY2023$328

Total grants receivedfrom 1 funder$328

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$511K

Ln 12

Fees for servicesLn 2g$491K

Gifts and grantsLn 1h$24K

Investment incomeLn 3$124

Money outPt IX

$412K

Ln 25

Programscol B$410K

Managementcol C$2K

Owns and owesPt X

$602K

net assets · Ln 32

Cash and savingsLn 1–2$163K

Total assetsLn 16$5.7M

LiabilitiesLn 26$5.1M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$24K

Fundraising eventsLn 1c$10K

Fees for servicesLn 2g$491K

Investment incomeLn 3$124

Total revenueLn 12$511K

Assets in detailPt X, end of year

CashLn 1$163K

Cash and savings togetherLn 1–2$163K

InvestmentsLn 11–13$7K

Land, buildings, equipmentLn 10c$5.5M

Total assetsLn 16$5.7M

LiabilitiesLn 26$5.1M

Net assetsLn 32$602K

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$132K	$163K
InvestmentsLn 11–13	$7K	$7K
Land, buildings, equipmentLn 10c	$5.7M	$5.5M
Total assetsLn 16	$5.9M	$5.7M
LiabilitiesLn 26	$5.4M	$5.1M
Net assetsLn 32	$496K	$602K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$1K		$1K
Investment management feesLn 11f	$50		$50
Office expensesLn 13	$155		$155
InterestLn 20	$224K	$224K
Depreciation, depletion and amortizationLn 22	$176K	$176K
InsuranceLn 23	$563		$563
Other expenses (24a–d)Ln 24	$9K	$9K	$238
Total functional expensesLn 25	$412K	$410K	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$511K	$412K	$99K	$602K	990 PDF
FY2024	$499K	$401K	$98K	$496K	990 PDF
FY2023	$503K	$410K	$93K	$400K	990 PDF
FY2022	$315K	$214K	$101K	$308K	990 PDF
FY2021	$272K	$206K	$67K	$148K	990 PDF
FY2020	$157K	$219K	−$62K	$20K	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 FY2025 990 (6 parts)

Part I · Summary $511,377 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $15,674$24,252

I-9 Program service revenuePrior year $482,711$491,394

I-10 Investment incomePrior year $164$124

I-11 Other revenue−$4,393

I-12 Total revenuePrior year $498,549$511,377

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $400,685$412,260

I-18 Total expensesPrior year $400,685$412,260

I-19 Revenue less expensesPrior year $97,864$99,117

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $511,377 across 7 lines filed

VIII-1c Fundraising events$10,259

VIII-1f All other contributions, gifts and grants$13,993

VIII-1h Total contributions, gifts and grants$24,252

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $491,394$491,394

VIII-3 Investment incomeExcluded from tax $124$124

VIII-8 Net income from fundraising eventsExcluded from tax −$4,393−$4,393

VIII-12 Total revenueRelated to mission $491,394 · Excluded from tax −$4,269$511,377

Part IX · Statement of functional expenses $412,260 across 7 lines filed

IX-11c Accounting feesManagement $1,300$1,300

IX-11f Investment management feesManagement $50$50

IX-13 Office expensesManagement $155$155

IX-20 InterestPrograms $224,499$224,499

IX-22 Depreciation, depletion and amortizationPrograms $176,418$176,418

IX-23 InsuranceManagement $563$563

IX-24 Other expenses (24a–d)Programs $9,037 · Management $238$9,275

IX-25 Total functional expensesPrograms $409,954 · Management $2,306 · Fundraising $0$412,260

Part X · Balance sheet $5,740,492 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $131,951$163,101

X-10c Land, buildings and equipment, netStart of year $5,696,353$5,524,018

X-11 Publicly traded securitiesStart of year $7,187$6,528

X-14 Intangible assetsStart of year $50,928$46,845

X-16 Total assetsStart of year $5,886,419$5,740,492

X-17 Accounts payable and accrued expensesStart of year $191$1,497

X-19 Deferred revenueStart of year $1,245,675$1,183,391

X-25 Other liabilities$12,613

X-26 Total liabilitiesStart of year $5,389,962$5,138,186

X-27 Net assets without donor restrictionsStart of year $496,457$602,306

X-32 Total net assets or fund balancesStart of year $496,457$602,306

X-33 Total liabilities and net assetsStart of year $5,886,419$5,740,492

Part XI · Reconciliation of net assets $602,306 net assets at year end

XI-1 Total revenue$511,377

XI-2 Total expenses$412,260

XI-3 Revenue less expenses$99,117

XI-4 Net assets at start of year$496,457

XI-5 Net unrealized gains (losses) on investments−$723

XI-9 Other changes in net assets$7,455

XI-10 Net assets at end of year$602,306

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

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Strong Foundations Elementary School INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Strong Foundations Elementary School INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV