Adopt a Class Endowment Fund FY2021 filing

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The organization's activities will include managing and investing the current assets of the Endowment Fund and embarking on fundraising initiatives to help increase the Endowment Fund, with the goal of making distributions to Adopt a Class foundation, INC., the supported organization, to support programs within the discretion of the board of directors of the Adopt a Class foundation, INC.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3060171) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $103K a year · 67% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
13.4 mo
of spending, in cash
13.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$150K
Spent
$6K
To programs
100%
Net assets
$921K
By yearFY2021–FY2025
Revenue
$150K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$150K
FY2022$158K
FY2023$119K
FY2024$196K
FY2025$149K
Expenses
$6K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$6K
FY2022$17K
FY2023$45K
FY2024$106K
FY2025$82K
Net assets
$921K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$921K
FY2022$1.0M
FY2023$1.3M
FY2024$1.6M
FY2025$1.8M

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Adopt a Class Endowment Fund executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages and invests endowment funds, raising money to support educational programs.

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1 program · $6K · in their own filed words · FY2020
01

Manage and invest the assets of the endowment fund, increase fundraising with a goal of making distributions to adopt a class foundation, inc., the supported organization, to support programs within the discretion of the board of directors of the adopt a class foundation, inc.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3060171) · Dispute this line
$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $202K · 2022–2024
Adopt a Class Foundation INCOH · FY2024$69,880
Adopt a Class Foundation INCOH · FY2023$95,051
Adopt a Class Foundation INCOH · FY2022$37,136

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$150K
Ln 12
Gifts and grantsLn 1h$73K
Other incomeLn 4–11$61K
Investment incomeLn 3$16K
Money outPt IX
$6K
Ln 25
Programscol B$6K
Owns and owesPt X
$921K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$921K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$73K
Investment incomeLn 3$16K
Other incomeLn 4–11$61K
Gains on assetsLn 7$61K
Total revenueLn 12$150K
Assets in detailPt X, end of year
SavingsLn 2$6K
Cash and savings togetherLn 1–2$6K
Other assetsLn 15$915K
Total assetsLn 16$921K
LiabilitiesLn 26$0
Net assetsLn 32$921K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$386$6K
Total assetsLn 16$604K$921K
LiabilitiesLn 26$0$0
Net assetsLn 32$604K$921K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$6K$6K
Other expenses (24a–d)Ln 24$200$200
Total functional expensesLn 25$6K$6K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 19, 2025 $149K$82K$67K$1.8M 990 PDF
FY2024Filed with the IRS Sep 18, 2024 $196K$106K$91K$1.6M 990 PDF
FY2023Filed with the IRS Nov 14, 2023 $119K$45K$73K$1.3M 990 PDF
FY2022Filed with the IRS Mar 22, 2023 $158K$17K$140K$1.0M 990 PDF
FY2021 ViewingFiled with the IRS Jan 27, 2022 $150K$6K$145K$921K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $150,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,260$73,222
I-9 Program service revenue$0
I-10 Investment incomePrior year $24,151$77,112
I-11 Other revenue$0
I-12 Total revenuePrior year $61,411$150,334
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,478$5,737
I-18 Total expensesPrior year $4,478$5,737
I-19 Revenue less expensesPrior year $56,933$144,597
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $150,334 across 5 lines filed
VIII-1f All other contributions, gifts and grants$73,222
VIII-1h Total contributions, gifts and grants$73,222
VIII-3 Investment incomeRelated to mission $16,192$16,192
VIII-7 Net gain or loss on sales of assetsRelated to mission $60,920$60,920
VIII-12 Total revenueRelated to mission $77,112$150,334
Part IX · Statement of functional expenses $5,737 across 2 lines filed
IX-11a Management feesPrograms $5,537$5,537
IX-24 Other expenses (24a–d)Programs $200$200
IX-25 Total functional expensesPrograms $5,737 · Management $0 · Fundraising $0$5,737
Part X · Balance sheet $921,294 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $386$6,426
X-15 Other assetsStart of year $603,172$914,868
X-16 Total assetsStart of year $603,558$921,294
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $603,558$921,294
X-32 Total net assets or fund balancesStart of year $603,558$921,294
X-33 Total liabilities and net assetsStart of year $603,558$921,294
Part XI · Reconciliation of net assets $921,294 net assets at year end
XI-1 Total revenue$150,334
XI-2 Total expenses$5,737
XI-3 Revenue less expenses$144,597
XI-4 Net assets at start of year$603,558
XI-5 Net unrealized gains (losses) on investments$173,139
XI-10 Net assets at end of year$921,294

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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