Funducation INC EIN 83-4704098 Form 990 (PDF) Claim this org

Funducation INC

Not yet claimed Claim this org →

Develops and hosts hands-on STEAM programs to inspire youth in science and tech careers. For fiscal year 2024 it reported $184K in revenue, $188K in expenses, and $452K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Lakewood Rch, FL
Website
www.funducation.org
Filings
5 on file (2020–2024)
Revenue
$184KFY2024
Expenses
$188K
Net assets
$452K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-4704098 Public charity (501(c)(3)) Lakewood Rch, FL
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Funducation INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Develops and hosts hands-on STEAM programs to inspire youth in science and tech careers.
Leadership
Neirda Thompson-Pemberton · Founder/CEO/Executive Director · $93K
Money in and out
$184K revenue, $188K expenses
Bottom line
34% program efficiency
Where the money goes · FY2024
Total revenue
$184K
Pt VIII · Ln 12
Total expenses
$188K
Pt IX · Ln 25
Net assets
$452K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.34 Management & general $0.66
Program efficiency
34%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
27.1mo
months of highly liquid reserves at operating expense rate▼ -22% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -104% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$184K
FY2024▼ -43%
Expenses
$188K
FY2024▲ +27%
Total assets
$452K
FY2024▼ -0.9%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$184K
Pt VIII · Ln 12
Total expenses
$188K
Pt IX · Ln 25
Net assets
$452K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$452K
Program-expense ratioPt IX · col B34%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $52K of program spending, described in the organization's own filed words · FY2024.
01

Targets youth enrolled in AMIKids programs who may be struggling academically, disengaged from traditional learning environments, or at risk of negative outcomes. Approximately 40 students were exposed to experiential learning with a focus on making Science, Technology, Engineering, Arts, and Mathematics (STEAM) concepts accessible and…

$22Kprogram expense
02

The Jacobs Robotics program is the use of funds to host FUNducation based STEAM programs sponsored by Jacobs solutions. This included FUNeducation Math Programs, Robotics programs for grades K-12, Engineers Week 2024 activities and supplies. Approximately 200 students were impacted by this program.

$18Kprogram expense
03

The Selby Foundation grant support programming and materials at Emma E. Booker Elementary School. Approximately 50 students were engaged in Engineering, 3D printing,Robotics and Virtual Reality.

$12Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFunducation INC
EINHdr · item D83-4704098
Principal addressHdr · item CLakewood Rch, FL
WebsiteHdr · item Jwww.funducation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMay 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder/CEO/Executive Director
$93,449Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member at Large
$0Pt VII · Sec A

Neirda Thompson-Pemberton’s $93K as Founder/CEO/Executive Director is at the 83rd percentile of top reported officer pay among 1984 $100K–1M youth development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Neirda Thompson-Pemberton$93,449$73,931$27,500

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.

See Funducation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$106K · 57%
Contributions & grants$75K · 41%
Investment income$4K · 2%
Program service revenue57%$106K
Contributions & grants41%$75K
Investment income2%$4K
Other revenue$495
Total revenueLn 12$184K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.34 Management & general $0.66
Program services34%$64K
Management & general66%$124K
Total functional expensesLn 25$188K

Balance Sheet

Part X · end of year
CashLn 1$424K
Total assetsLn 16$452K
Total liabilitiesLn 26$0
Total net assetsLn 32$452K
Months of cash on handcomputed27.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $424K · Operating expenses/yr $188K
27.1 months
Where the money goes
Program services
Program services $64K · Total expenses $188K
34%
Management & General
Management & general $124K · Total expenses $188K
66%
Fundraising
Fundraising $0 · Total expenses $188K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $170K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $75K · Total revenue $184K
41%
Government reliance
Government grants — · Total revenue $184K
Earned-income share
Program service revenue $106K · Total revenue $184K
57%
Investment reliance
Investment income $4K · Total revenue $184K
+2%
Program self-sufficiency
Program service revenue $106K · Total expenses $188K
56%
Growth & trend
Revenue growth (YoY)
This year $184K · Prior year $321K
-43%
Revenue CAGR
FY2020 $61K · FY2024 $184K
+32%
Net-asset trend (YoY)
End of year $452K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $184K · Expenses $188K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $452K
Net-asset ratio
Net assets $452K · Total assets $452K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $452K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Neirda Thompson-Pemberton · Reported title Founder/CEO/Executive Director · Highest reported compensation $93K · Total expenses $188K
50%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $101K · Total expenses $188K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 34%
Overhead ratio 66%
Fundraising cost ratio 0%
Revenue growth -43%
Legal fee ratio 0.2%
Accounting fee ratio 1%

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 · funders on record
Grants received · FY2024
See all 4 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Funducation INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 (Latest)$184K revenue · viewing · ⤓ 990 PDF
FY2023$321K revenue · ⤓ 990 PDF
FY2022$297K revenue · ⤓ 990 PDF
FY2021$65K revenue · ⤓ 990 PDF
FY2020$61K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.