Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
59 cents of each dollar spent went to programs.
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
23 people listed on the 990; $74K paid to officers and key staff.
Debbie Hyler’s $79K as Executive Director is at the 72nd percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Debbie Hyler | $78,621 | $76,331 | $74,108 | $71,949 | $71,949 | $73,649 |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Funds innovative learning and high-impact initiatives to prepare all students for success in Florence schools.
Questions for School Foundation INC
Your first name shows with your question. School Foundation INC answers here, for everyone.
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Pass-through grants received from a foundation provided for the following:bringing virtual reality to the science classroom - southside middle schoolthis project involves the purchase of virtual reality (VR) headsets for a classroom of 30 students, as well as the accompanying software access, that can be shared amongst the science…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $80K | $22K |
| InvestmentsLn 11–13 | $2.1M | $2.3M |
| Land, buildings, equipmentLn 10c | $3K | $3K |
| Total assetsLn 16 | $2.2M | $2.4M |
| LiabilitiesLn 26 | $443 | $45K |
| Net assetsLn 32 | $2.2M | $2.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $176K | $176K | ||
| Other salaries and wagesLn 7 | $102K | $23K | $40K | $39K |
| Payroll taxesLn 10 | $8K | $2K | $3K | $3K |
| Accounting feesLn 11c | $5K | $5K | ||
| Investment management feesLn 11f | $24K | $24K | ||
| Advertising and promotionLn 12 | $6K | $4K | $2K | |
| Office expensesLn 13 | $246 | $246 | ||
| OccupancyLn 16 | $10K | $10K | ||
| Conferences, conventions and meetingsLn 19 | $6K | $6K | ||
| Depreciation, depletion and amortizationLn 22 | $190 | $190 | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $7K | $7K | ||
| Total functional expensesLn 25 | $346K | $204K | $99K | $42K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $954K | $344K | $611K | $2.8M | 990 PDF |
| FY2024 | $349K | $325K | $24K | $2.6M | 990 PDF |
| FY2023 Viewing | $213K | $346K | −$133K | $2.3M | 990 PDF |
| FY2022 | $526K | $295K | $231K | $2.2M | 990 PDF |
| FY2021 | $333K | $365K | −$32K | $2.6M | 990 PDF |
| FY2020 | $198K | $113K | $86K | $2.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $212,850 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, 1 to look at
Part VIII · Statement of revenue $212,850 across 7 lines filed
Part IX · Statement of functional expenses $345,869 across 12 lines filed
Part X · Balance sheet $2,351,569 assets, 14 lines filed
Part XI · Reconciliation of net assets $2,306,439 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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