Aspen Education Foundation

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Funding of educational programs at the Aspen school district.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$179K 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

FY2025 · 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 $677K a year · 29% 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$179K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $5.9M in investments, Pt X · Ln 11–13
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $16K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$794
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
+52% vs prior year
Spent
$2.0M
To programs
81%
Net assets
$6.9M
By yearFY2020–FY2025
Revenue
$3.7M
FY2025▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$1.9M
FY2023$2.1M
FY2024$2.4M
FY2025$3.7M
Expenses
$2.0M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.6M
FY2022$1.4M
FY2023$1.7M
FY2024$1.9M
FY2025$2.0M
Net assets
$6.9M
FY2025▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$3.6M
FY2022$3.5M
FY2023$4.1M
FY2024$4.9M
FY2025$6.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1991.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.6M Management & general 8% · $169K Fundraising 10% · $208K

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

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990; $179K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$178,501Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Cynthia Chase’s $179K as Executive Director is at the 78th percentile of top reported officer pay among 1245 $1–10M employment 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cynthia Chase$178,501$97,917$148,153$148,108$138,000$151,000

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 Aspen Education Foundation 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 15aYes

Programs and updates

Funds educational programs for the Aspen School District.

Questions for Aspen Education Foundation

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Your first name shows with your question. Aspen Education Foundation answers here, for everyone.

1 program · $1.6M · in their own filed words · FY2024
01

Funding of educational programs at the aspen school district.

$1.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$16K
See all 3 funders →
Grants paid · 6 grants · $6.6M · 2020–2024
Aspen School DistrictFY2024$1,628,123
Aspen School DistrictFY2023$1,483,279
Aspen School DistrictFY2022$1,291,068
Aspen School DistrictFY2021$958,677
Aspen School DistrictFY2020$786,891
Unitemized GrantFY2020$488,773

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$3.4M
Investment incomeLn 3$218K
Other incomeLn 4–11$101K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$169K
Fundraisingcol D$208K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$822K
Total assetsLn 16$6.9M
LiabilitiesLn 26$794
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Fundraising eventsLn 1c$1.9M
Investment incomeLn 3$218K
Other incomeLn 4–11$101K
Gains on assetsLn 7$89K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
SavingsLn 2$822K
Cash and savings togetherLn 1–2$822K
InvestmentsLn 11–13$5.9M
Total assetsLn 16$6.9M
LiabilitiesLn 26$794
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$6.4M$2.1M$1.9M$1.8M$2.1M
Given inLn 1b$6.4M$21K$80K$458K
SpentLn 1d–1f$2.6M$60K$82K$78K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$433K$822K
InvestmentsLn 11–13$4.4M$5.9M
Total assetsLn 16$4.9M$6.9M
LiabilitiesLn 26$289$794
Net assetsLn 32$4.9M$6.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$178K$80K$98K
Other salaries and wagesLn 7$96K$43K$53K
Payroll taxesLn 10$19K$9K$10K
Accounting feesLn 11c$20K$20K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$39K$6K$12K$20K
InsuranceLn 23$8K$3K$4K
Other expenses (24a–d)Ln 24$6K$4K$1K$297
Total functional expensesLn 25$2.0M$1.6M$169K$208K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Dec 10, 2025 $3.7M$2.0M$1.7M$6.9M 990 PDF
FY2024Filed with the IRS Dec 9, 2024 $2.4M$1.9M$548K$4.9M 990 PDF
FY2023Filed with the IRS May 15, 2024 $2.1M$1.7M$430K$4.1M 990 PDF
FY2022Filed with the IRS Apr 29, 2023 $1.9M$1.4M$447K$3.5M 990 PDF
FY2021Filed with the IRS May 13, 2022 $2.1M$1.6M$503K$3.6M 990 PDF
FY2020Filed with the IRS May 17, 2021 $1.7M$1.2M$428K$2.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,718,440 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,857,508$3,399,320
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $267,324$217,874
I-11 Other revenuePrior year $323,584$101,246
I-12 Total revenuePrior year $2,448,416$3,718,440
I-13 Grants and similar amounts paidPrior year $1,483,279$1,628,123
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $331,452$293,835
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $86,039$93,506
I-18 Total expensesPrior year $1,900,770$2,015,464
I-19 Revenue less expensesPrior year $547,646$1,702,976
Part VI · Governance 18 of 18 board members independent, 3 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,718,440 across 7 lines filed
VIII-1c Fundraising events$1,926,082
VIII-1f All other contributions, gifts and grants$1,473,238
VIII-1h Total contributions, gifts and grants$3,399,320
VIII-3 Investment incomeExcluded from tax $128,468$128,468
VIII-7 Net gain or loss on sales of assetsExcluded from tax $89,406$89,406
VIII-8 Net income from fundraising eventsExcluded from tax $101,246$101,246
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $319,120$3,718,440
Part IX · Statement of functional expenses $2,015,464 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $1,628,123$1,628,123
IX-5 Pay of current officers, directors and key staffManagement $80,325 · Fundraising $98,175$178,500
IX-7 Other salaries and wagesManagement $43,329 · Fundraising $52,958$96,287
IX-10 Payroll taxesManagement $8,572 · Fundraising $10,476$19,048
IX-11c Accounting feesManagement $20,281$20,281
IX-12 Advertising and promotionFundraising $21,099$21,099
IX-13 Office expensesPrograms $6,403 · Management $11,698 · Fundraising $20,481$38,582
IX-23 InsuranceManagement $3,422 · Fundraising $4,182$7,604
IX-24 Other expenses (24a–d)Programs $4,158 · Management $1,485 · Fundraising $297$5,940
IX-25 Total functional expensesPrograms $1,638,684 · Management $169,112 · Fundraising $207,668$2,015,464
Part X · Balance sheet $6,867,559 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $433,417$822,353
X-3 Pledges and grants receivable$120,000
X-11 Publicly traded securitiesStart of year $4,435,339$5,925,206
X-16 Total assetsStart of year $4,868,756$6,867,559
X-17 Accounts payable and accrued expensesStart of year $289$794
X-26 Total liabilitiesStart of year $289$794
X-27 Net assets without donor restrictionsStart of year $2,531,226$3,408,325
X-28 Net assets with donor restrictionsStart of year $2,337,241$3,458,440
X-32 Total net assets or fund balancesStart of year $4,868,467$6,866,765
X-33 Total liabilities and net assetsStart of year $4,868,756$6,867,559
Part XI · Reconciliation of net assets $6,866,765 net assets at year end
XI-1 Total revenue$3,718,440
XI-2 Total expenses$2,015,464
XI-3 Revenue less expenses$1,702,976
XI-4 Net assets at start of year$4,868,467
XI-5 Net unrealized gains (losses) on investments$328,129
XI-7 Investment expenses−$32,807
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,866,765

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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