Stubbs Educational Foundation INC EIN 59-3238098 Form 990 (PDF) Claim this org

Stubbs Educational Foundation INC

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Offers music scholarships to K-12 students, prioritizing need and merit. For fiscal year 2025 it reported $24K in revenue, $14K in expenses, and $359K in net assets.Pt I

Founded
1994
Type
Public charity (501(c)(3)) · Education
Location
Tallahassee, FL
Website
stubbs.org
Filings
6 on file (2020–2025)
Revenue
$24KFY2025
Expenses
$14K
Net assets
$359K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  59-3238098 Public charity (501(c)(3)) Tallahassee, FL Founded 1994
Form 990 (PDF)
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Size
<$100K
What they do
Offers music scholarships to K-12 students, prioritizing need and merit.
Leadership
Chuck Stubbs · President
Money in and out
$24K revenue, $14K expenses
Bottom line
56% program efficiency
Where the money goes · FY2025
Total revenue
$24K
Pt VIII · Ln 12
Total expenses
$14K
Pt IX · Ln 25
Net assets
$359K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.44
Program efficiency
56%
of spending reaches programs▼ -16% vs prior filing year
Operating runway
314.5mo
months of highly liquid reserves at operating expense rate▲ +23% vs prior filing year
Surplus margin
+44%
revenue over expenses, this year▲ +640% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$24K
FY2025▲ +64%
Expenses
$14K
FY2025▼ -15%
Total assets
$359K
FY2025▲ +5%
Total liabilities
$0
FY2025
Total revenue
$24K
Pt VIII · Ln 12
Total expenses
$14K
Pt IX · Ln 25
Net assets
$359K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$359K
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $8K of program spending, described in the organization's own filed words · FY2025.
01

Music scholarships

$8Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStubbs Educational Foundation INC
EINHdr · item D59-3238098
Principal addressHdr · item CTallahassee, FL
WebsiteHdr · item Jstubbs.org
Year of formationHdr · item L1994
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFMay 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
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
President
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income100%$24K
Total revenueLn 12$24K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.44
Program services56%$8K
Management & general44%$6K
Total functional expensesLn 25$14K

Balance Sheet

Part X · end of year
CashLn 1$48K
Total assetsLn 16$359K
Total liabilitiesLn 26$0
Total net assetsLn 32$359K
Months of cash on handcomputed42.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $358K · Operating expenses/yr $14K
314.5 months
Where the money goes
Program services
Program services $8K · Total expenses $14K
56%
Management & General
Management & general $6K · Total expenses $14K
44%
Fundraising
Fundraising $0 · Total expenses $14K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $24K
0%
Government reliance
Government grants — · Total revenue $24K
Earned-income share
Program service revenue $0 · Total revenue $24K
0%
Investment reliance
Investment income $24K · Total revenue $24K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $14K
0%
Growth & trend
Revenue growth (YoY)
This year $24K · Prior year $15K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $101K · FY2025 $24K
-25%
Net-asset trend (YoY)
End of year $359K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $24K · Expenses $14K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $359K
Net-asset ratio
Net assets $359K · Total assets $359K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $309K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $359K
86%
People & payroll
Highest Reported Total Compensation
Individual Chuck Stubbs · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $14K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $14K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 44%
Revenue growth 64%

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 · FY2023
Total grants receivedfrom 1 funder$31
Grants paid · 1 grant · $32K · 2023–2023
Tcc FoundationMT · FY2023$31,966

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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)$24K revenue · viewing · ⤓ 990 PDF
FY2024$15K revenue · ⤓ 990 PDF
FY2023$13K revenue · ⤓ 990 PDF
FY2022$18K revenue · ⤓ 990 PDF
FY2021$65K revenue · ⤓ 990 PDF
FY2020$101K 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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