Carden Memorial Foundation FY2020 filing

Tax-deductible

Salt Lake Cty, UT501(c)(3)Colleges & UniversitiesEIN 81-4396375Revenue $3.4M in FY2020

On file with the IRS1452 E 2700 S, 84106-3566 · Salt Lake Cty, UTTax-exempt since Feb 2017School — 170(b)(1)(A)(ii)

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Carden Memorial Foundation (cmf) operates an elementary school for pre-kindergarten through grade eight students.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$167K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $798K a year · 21% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$167K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
Spent
$2.5M
To programs
96%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$3.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$3.8M
FY2022$3.5M
FY2023$4.0M
FY2024$4.4M
FY2025$4.0M
Expenses
$2.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$2.9M
FY2023$3.2M
FY2024$3.5M
FY2025$3.5M
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$2.2M
FY2023$3.1M
FY2024$3.9M
FY2025$3.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 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 Feb 2017.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.4M Management & general 4% · $89K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $167K paid to officers and key staff.

Part VII, Section A · reportable compensation
$91,200Pt VII · Sec A
President
$75,700Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Goodwin’s $108K as Trustee is at the 37th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michelle Goodwin$107,500$102,300$99,300$96,303$93,968$91,200
Laura Brown$43,200$58,800$67,800$71,800$64,800$75,700

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates an elementary school for pre-kindergarten through eighth-grade students.

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Provided by the organization

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3 programs · $2.4M · in their own filed words · FY2020
01

Carden memorial foundation (CMF) has addressed the need to educate classically-trained teachers in the carden method.

$2.3Mprogram expense
02

Carden Memorial Foundation raises money to help improve, repair, and add facilities to educate teachers, students and parents in the Carden philosophy and Classical Education curriculum.

$94Kprogram expense
03

Carden Memorial Foundation (DBA Carden Memorial School) educates children PK-8th grade) with the Carden philosophy, non-denominational Christian training using a classical and traditional curriculum.

$15Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Jnf FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$2.7M
Gifts and grantsLn 1h$663K
Other incomeLn 4–11$46K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.4M
Managementcol C$89K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$663K
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$2K
Other incomeLn 4–11$46K
Gains on assetsLn 7$0
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$2.7M
SavingsLn 2$0
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$472K
Other assetsLn 15$17K
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.6M
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 557
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.1M$2.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$18K$472K
Total assetsLn 16$3.1M$4.2M
LiabilitiesLn 26$2.4M$2.6M
Net assetsLn 32$696K$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$167K$167K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.4M$1.4M
Pension plan contributionsLn 8$45K$45K
Other employee benefitsLn 9$163K$163K
Payroll taxesLn 10$132K$132K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$56K$56K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$114$114
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$19K$19K$10
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$60K$60K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$88K$88K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$297K$297K
All other expensesLn 24e$19K$18K$588
Total functional expensesLn 25$2.5M$2.4M$89K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.0M$3.5M$523K$3.2M 990 PDF
FY2024 $4.4M$3.5M$883K$3.9M 990 PDF
FY2023 $4.0M$3.2M$842K$3.1M 990 PDF
FY2022 $3.5M$2.9M$507K$2.2M 990 PDF
FY2021 $3.8M$2.7M$1.1M$1.7M 990 PDF
FY2020 Viewing $3.4M$2.5M$946K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $3,447,974 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $715,092$662,770
I-9 Program service revenuePrior year $2,204,527$2,736,845
I-10 Investment incomePrior year $697$1,899
I-11 Other revenuePrior year $6,610$46,460
I-12 Total revenuePrior year $2,926,926$3,447,974
I-13 Grants and similar amounts paidPrior year $2,390$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,542,757$1,945,513
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $686,230$556,677
I-18 Total expensesPrior year $2,231,377$2,502,190
I-19 Revenue less expensesPrior year $695,549$945,784
Part VI · Governance 4 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,447,974 across 10 lines filed
VIII-1b Membership dues$298,422
VIII-1f All other contributions, gifts and grants$364,348
VIII-1h Total contributions, gifts and grants$662,770
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,736,845$2,736,845
VIII-3 Investment incomeExcluded from tax $1,899$1,899
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$46,460
VIII-12 Total revenueRelated to mission $2,736,845 · Excluded from tax $1,899$3,447,974
Part IX · Statement of functional expenses $2,502,190 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $166,900$166,900
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,438,523$1,438,523
IX-8 Pension plan contributionsPrograms $45,344$45,344
IX-9 Other employee benefitsPrograms $163,098$163,098
IX-10 Payroll taxesPrograms $131,648$131,648
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $56,027$56,027
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $114$114
IX-12 Advertising and promotionPrograms $2,515$2,515
IX-13 Office expensesPrograms $19,000 · Management $10$19,010
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $59,588$59,588
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $87,795$87,795
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $4,331$4,331
IX-23 InsurancePrograms $11,892$11,892
IX-24 Other expenses (24a–d)Programs $296,674$296,674
IX-24e All other expensesPrograms $18,143 · Management $588$18,731
IX-25 Total functional expensesPrograms $2,413,683 · Management $88,507 · Fundraising $0$2,502,190
Part X · Balance sheet $4,195,439 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,074,662$2,688,758
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $17,909$471,725
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $1,017,606$1,017,606
X-15 Other assetsStart of year $16,350$17,350
X-16 Total assetsStart of year $3,126,527$4,195,439
X-24 Unsecured notes and loans payable$335,100
X-25 Other liabilitiesStart of year $183,216$87,449
X-26 Total liabilitiesStart of year $2,430,978$2,554,106
X-32 Total net assets or fund balancesStart of year $695,549$1,641,333
X-33 Total liabilities and net assetsStart of year $3,126,527$4,195,439
Part XI · Reconciliation of net assets $1,641,333 net assets at year end
XI-1 Total revenue$3,447,974
XI-2 Total expenses$2,502,190
XI-3 Revenue less expenses$945,784
XI-4 Net assets at start of year$695,549
XI-10 Net assets at end of year$1,641,333

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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