Clay County Education Foundation EIN 59-2860147 Form 990 (PDF) Claim this org

Clay County Education Foundation

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Empowering students and educators to strengthen schools and build community partnerships for student success. For fiscal year 2025 it reported $658K in revenue, $524K in expenses, and $507K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Green Cv Spgs, FL
Website
www.clayeducationfoundation.com
Filings
6 on file (2020–2025)
Revenue
$658KFY2025
Expenses
$524K
Net assets
$507K
People
19
Filings
6
Updates
0
More identity details & actions ⌄
EIN  59-2860147 Public charity (501(c)(3)) Green Cv Spgs, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering students and educators to strengthen schools and build community partnerships for student success.
Leadership
Carolyn Krall · Presidentceo · $81K
Money in and out
$658K revenue, $524K expenses
Bottom line
91% program efficiency
Where the money goes · FY2025
Total revenue
$658K
Pt VIII · Ln 12
Total expenses
$524K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $135K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.08 Fundraising $0.02
Program efficiency
91%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
10.9mo
months of highly liquid reserves at operating expense rate▲ +95% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$658K
FY2025▼ -11%
Expenses
$524K
FY2025▼ -12%
Total assets
$507K
FY2025▲ +36%
Total liabilities
$358
FY2025
Total revenue
$658K
Pt VIII · Ln 12
Total expenses
$524K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$135K
Total assetsPt X · Ln 16$507K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $334K of program spending, described in the organization's own filed words · FY2024.
01

Tools 4 Clay Schools. The Tools 4 Clay Schools store provides school supplies to all Clay County District school teachers for their classrooms and students in need. Teachers may shop for free at two locations four times a year. The Tools 4 Clay Schools program reaches teachers at every grade level from every school in the district.

$143Kprogram expense
02

Resiliency Through Community. The Foundation promotes resiliency characteristics, leading to better academic performance and emotional well-being. By connecting students and their families to school and community resources, the Foundation works to create a safe and positive learning environment.

$95Kprogram expense
03

Other Programs. Other programs include Grants 4 Great Ideas, a classroom grant program designed to fund creative and innovative teaching strategies that enhance student learning in literacy and STEM. In addition, the Foundation partners with community groups to award scholarships to deserving Clay County seniors.

$95Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClay County Education Foundation
EINHdr · item D59-2860147
Principal addressHdr · item CGreen Cv Spgs, FL
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Presidentceo
$81,436Pt VII · Sec A
Vice-President
$55,124Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Carolyn Krall$81,436$73,236$22,542
Makayla Buchanan$56,499
Heather Obermiller$55,124$52,500$23,197
Makayla Buchanan$55,000$50,000

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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Statement of Revenue

Part VIII
Contributions & grants101%$662K
Investment income$401
— government grantsLn 1e$5K
Total revenueLn 12$658K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.08 Fundraising $0.02
Program services91%$474K
Management & general8%$39K
Fundraising2%$10K
Total functional expensesLn 25$524K

Balance Sheet

Part X · end of year
CashLn 1$377K
Total assetsLn 16$507K
Total liabilitiesLn 26$358
Total net assetsLn 32$507K
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $377K · Operating expenses (Pt IX) $524K · Less non-cash grants $108K · Cash operating expenses/yr $416K
10.9 months
Where the money goes
Program services
Program services $474K · Total expenses $524K
91%
Management & General
Management & general $39K · Total expenses $524K
8%
Fundraising
Fundraising $10K · Total expenses $524K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $582K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $662K · Total revenue $658K
101%
Government reliance
Government grants $5K · Total revenue $658K
0.7%
Earned-income share
Program service revenue $0 · Total revenue $658K
0%
Investment reliance
Investment income $401 · Total revenue $658K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $524K
0%
Growth & trend
Revenue growth (YoY)
This year $658K · Prior year $739K
-11%
Revenue CAGR
FY2019 $415K · FY2024 $658K
+10%
Net-asset trend (YoY)
End of year $507K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $658K · Expenses $524K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $507K
Net-asset ratio
Net assets $507K · Total assets $507K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $507K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Carolyn Krall · Reported title PresidentCEO · Highest reported compensation $81K · Total expenses $524K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $134K · Total expenses $524K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 8%
Fundraising cost ratio 2%
Revenue growth -11%
Accounting fee ratio 3%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 17 grants · $894K · 2019–2024
Clay County District School BoardFY2024$76,816
Unitemized GrantFY2024$1,133
Unitemized GrantFY2024$1,051
Clay County District School BoardFY2023$87,060
Unitemized GrantFY2023$31,804
Unitemized GrantFY2023$31,804
Unitemized GrantFY2023$9,572
Clay County District School BoardFY2022$79,793
Unitemized GrantFY2022$2,290
Unitemized GrantFY2022$2,000
Clay County District School BoardFY2021$200,180
Unitemized GrantFY2021$29,188
Donors ChooseNY · FY2021$25,000
Unitemized GrantFY2021$2,200
Clay County School DistrictFY2020$107,731
Clay County School DistrictFY2019$174,211
Clay County School DistrictFY2019$31,711

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$658K revenue · viewing · ⤓ 990 PDF
FY2024$739K revenue · ⤓ 990 PDF
FY2023$395K revenue · ⤓ 990 PDF
FY2022$358K revenue · ⤓ 990 PDF
FY2021$545K revenue · ⤓ 990 PDF
FY2020$415K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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