Foundation for Clovis Schools EIN 77-0140576

Foundation for Clovis Schools

EIN  77-0140576 Public charity (501(c)(3)) Clovis, CA Founded 1987
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Funds innovative classroom ideas and programs to boost student academic and personal achievement.
Leadership
Jeff Markarian · Director
Money in and out
$1.2M revenue, $409K expenses
Bottom line
90% program efficiency

Funds innovative classroom ideas and programs to boost student academic and personal achievement. For fiscal year 2024 it reported $1.2M in revenue, $409K in expenses, and $9.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$409K
Pt IX · Ln 25
Net assets
$9.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $752K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program efficiency
90%
of spending reaches programs0% vs prior filing year
Operating runway
272.3mo
months of highly liquid reserves at operating expense rate▲ +17% vs prior filing year
Surplus margin
+65%
revenue over expenses, this year▲ +34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +35%
Expenses
$409K
FY2024▼ -8%
Total assets
$9.6M
FY2024▲ +10%
Total liabilities
$507K
FY2024▼ -38%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$409K
Pt IX · Ln 25
Net assets
$9.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$752K
Total assetsPt X · Ln 16$9.6M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

3 program services account for $304K of program spending, described in the organization's own filed words · FY2024.
01

The foundation in joint efforts with the local community raised funds to provide grants to local elementary and high schools in the clovis unified school district. Many schools in the clovis unified school district would like to implement special programs as part of their curriculum to better service their students; however, the schools…

$192Kprogram expense
02

The doc b leadership academy is a leadership development program that will maintain the long-standing and unique philosophies that have supported the district's success over time. The academy will give the district a permanent venue in which emerging leaders are trained and mentored in the decision-making principles that have shaped the…

$80Kprogram expense
03

The foundation in joint efforts with the local community raised funds to support the students of promise scholarship program. The students of promise program recognizes high school juniors who are succeeding in school in spite of extreme obstacles.

$32Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoundation for Clovis Schools
EINHdr · item D77-0140576
Principal addressHdr · item CClovis, CA
Year of formationHdr · item L1987
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20I)
Ruling yearIRS BMFJul 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$594K · 51%
Investment income$446K · 38%
Other revenue$121K · 10%
Contributions & grants51%$594K
Investment income38%$446K
Other revenue10%$121K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program services90%$368K
Management & general6%$24K
Fundraising4%$18K
Total functional expensesLn 25$409K

Balance Sheet

Part X · end of year
CashLn 1$305K
Total assetsLn 16$9.6M
Total liabilitiesLn 26$507K
Total net assetsLn 32$9.1M
Months of cash on handcomputed8.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.3M · Operating expenses/yr $409K
272.3 months
Where the money goes
Program services
Program services $368K · Total expenses $409K
90%
Management & General
Management & general $24K · Total expenses $409K
6%
Fundraising
Fundraising $18K · Total expenses $409K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $2.1M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $594K · Total revenue $1.2M
51%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $446K · Total revenue $1.2M
+38%
Program self-sufficiency
Program service revenue $0 · Total expenses $409K
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $860K
+35%
Revenue CAGR
FY2019 $181K · FY2024 $1.2M
+45%
Net-asset trend (YoY)
End of year $9.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $409K
+65%
Liabilities-to-Assets
Total liabilities — · Total assets $9.6M
Net-asset ratio
Net assets $9.1M · Total assets $9.6M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $9.0M · Total assets (Pt X, ln 16) $9.6M
93%
People & payroll
Highest Reported Total Compensation
Individual Jeff Markarian · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $409K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $409K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 6%
Fundraising cost ratio 3%
Revenue growth 35%

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
Total grants receivedfrom 3 funders$80K
See all 3 funders →
Grants paid · 5 grants · $324K · 2021–2022
Clovis Unified - Program - Classroom GrantsFY2022$104,244
Clovis Unified - Health Center GrantFY2022$10,000
Clovis Unified - Program - Classroom GrantsFY2021$150,199
Clovis Unified - Social Emotional Wellness and Other GrantsFY2021$49,867
Clovis Unified - Health Center GrantFY2021$10,000

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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
FY2024$860K revenue · ⤓ 990 PDF
FY2023$5.4M revenue · ⤓ 990 PDF
FY2022$408K revenue · ⤓ 990 PDF
FY2021$376K revenue · ⤓ 990 PDF
FY2020$181K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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