Foundation for Clovis Schools EIN 77-0140576 Form 990 (PDF) Claim this org

Foundation for Clovis Schools FY2020 filing

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Funds innovative classroom ideas and programs to boost student academic and personal achievement. For fiscal year 2020 it reported $181K in revenue, $289K in expenses, and $2.0M in net assets.Pt I

Founded
1987
Type
Public charity (501(c)(3)) · Education
Location
Clovis, CA
Website
www.foundationforclovisschools.com
Filings
5 on file (2020–2020)
Revenue
$181KFY2020
Expenses
$289K
Net assets
$2.0M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  77-0140576 Public charity (501(c)(3)) Clovis, CA Founded 1987
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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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
$181K revenue, $289K expenses
Bottom line
72% program efficiency
Where the money goes · FY2020
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$289K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$108K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.03 Fundraising $0.25
Program efficiency
72%
of spending reaches programs
Operating runway
105.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-59%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$181K
FY2020
Expenses
$289K
FY2020
Total assets
$2.6M
FY2020
Total liabilities
$593K
FY2020
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$289K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$108K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 4pending

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 1a14
Independent voting membersPt VI · Ln 1bpending
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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Foundation for Clovis Schools executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $161K of program spending, described in the organization's own filed words · FY2019.
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…

$100Kprogram expense
02

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.

$34Kprogram expense
03

The foundation, in joint efforts with the local community, raised funds to assist the grants for new teachers program. When a new teacher sets up a classroom for the very first time, it is common for that teacher to spend several hundred dollars out of dollares out of their own pocket.

$27Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$94K · 52%
Other revenue$87K · 48%
Contributions & grants52%$94K
Other revenue48%$87K
Total revenueLn 12$181K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.03 Fundraising $0.25
Program services72%$207K
Management & general3%$9K
Fundraising25%$73K
Total functional expensesLn 25$289K

Balance Sheet

Part X · end of year
CashLn 1$763K
Total assetsLn 16$2.6M
Total liabilitiesLn 26$593K
Total net assetsLn 32$2.0M
Months of cash on handcomputed31.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.5M · Operating expenses/yr $289K
105.5 months
Where the money goes
Program services
Program services $207K · Total expenses $289K
72%
Management & General
Management & general $9K · Total expenses $289K
3%
Fundraising
Fundraising $73K · Total expenses $289K
25%
Cost to raise $1
Fundraising expense $73K · Solicited contributions $94K
$0.77 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $94K · Total revenue $181K
52%
Government reliance
Government grants — · Total revenue $181K
Earned-income share
Program service revenue $0 · Total revenue $181K
0%
Investment reliance
Investment income $-37K · Total revenue $181K
-20%
Program self-sufficiency
Program service revenue $0 · Total expenses $289K
0%
Growth & trend
Revenue growth (YoY)
This year $181K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $181K · Expenses $289K
-59%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
Net-asset ratio
Net assets $2.0M · Total assets $2.6M
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $1.8M · Total assets (Pt X, ln 16) $2.6M
70%
People & payroll
Highest Reported Total Compensation
Individual Jeff Markarian · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $289K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $289K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 3%
Fundraising cost ratio 77%

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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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