Provide philanthropic funding focused specifically on charter schools and their students.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · Form 990-PFIndependent: 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
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $3.3M a year · 20% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
990-PF Pt I · 5 filings
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$207.6M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.5M
-15% vs prior year
Spent
$22.6M
Net assets
−$9.2M
By yearFY2020–FY2024
Revenue
$19.5M
FY2023▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.7M
FY2021$18.3M
FY2022$22.9M
FY2023$19.5M
FY2024$14.9M
Expenses
$22.6M
FY2023▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.9M
FY2021$22.1M
FY2022$28.3M
FY2023$22.6M
FY2024$17.8M
Net assets
−$9.2M
FY2023▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021−$4.9M
FY2022−$11.3M
FY2023−$9.2M
FY2024−$11.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2019.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 1% · $223K Operating & administrative 99% · $22.4M

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

4 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Wonderful Foundations executive salaries →

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Programs and updates

Funds charter schools and their students to improve educational opportunities.

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Provided by the organization

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2 programs · $27.8M · in their own filed words · FY2022
01

WFCS I operated 13 properties located in 4 states.

$16.5Mprogram expense
02

WFCS ii operated 8 properties in 6 states.

$11.3Mprogram expense

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 12 grants · $284K · 2024–2024
Wayne Preparatory Academy Charter School INCFY2024$60,965
Imagine School at Town Center LLCFY2024$57,800
Richmond Charter AcademyFY2024$35,000
Imagine School at Palmer RanchFY2024$21,000
Imagine Avondale Elementary INCFY2024$18,500
Kid's Community College Charter School INCFY2024$16,500
Imagine Prep Coolidge INCAZ · FY2024$16,500
Sandhills Theatre Arts Renaissance SchoolFY2024$14,000
Kcc Elementary Charter School Southeast County INCFY2024$12,000
Desert Sage High SchoolFY2024$2,500

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV3
Average grantPart XV$24K
Median grantPart XV$16K
Largest grantPart XV$61K
Top cause focusNTEEEducation (25%)

By the numbers

The FY2023 990-PF, line by line.

1The main four
Money in
$19.5M
Other income$19.1M
Investment income$428K
Gifts and grants$3K
Money out
$22.6M
Grants paid$223K
Running costs$22.4M
Owns and owes
−$9.2M
net assets
Cash and savings$11.0M
Total assets$198.4M
Liabilities$207.6M
People
4
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$3K
Investment income$428K
Other income$19.1M
Total revenue$19.5M
Assets in detailEnd of year
Cash and savings together$11.0M
Total assets$198.4M
Liabilities$207.6M
Net assets−$9.2M
Operations
Employees0
Volunteers5
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $14.9M$17.8M−$2.9M−$11.7M 990 PDF
FY2023 Viewing $19.5M$22.6M−$3.1M−$9.2M 990 PDF
FY2022 $22.9M$28.3M−$5.3M−$11.3M 990 PDF
FY2021 $18.3M$22.1M−$3.8M−$4.9M 990 PDF
FY2020 $5.7M$6.9M−$1.1M−$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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