First State Educate Action Fund INC FY2023 filing

Not tax-deductible

Wilmington, DE501(c)(4)Education EIN 84-2574164Revenue $354K in FY2023

On file with the IRSfseactionfund.org1401 Pennsylvania Ave Apt 504 # 105, 19806-4102 · Wilmington, DETax-exempt since Apr 2020

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To ensure all children in delaware have access to an excellent school.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$107K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $42K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$354K
+8% vs prior year
Spent
$382K
To programs
100%
Net assets
$42K
By yearFY2020–FY2024
Revenue
$354K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$216K
FY2021$313K
FY2022$327K
FY2023$354K
FY2024$123K
Expenses
$382K
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$186K
FY2021$279K
FY2022$355K
FY2023$382K
FY2024$156K
Net assets
$42K
FY2023▼ -39%
Tap a bar for its year
Net assets by fiscal year
FY2020$63K
FY2021$97K
FY2022$70K
FY2023$42K
FY2024$9K

From the FY2023 Form 990 · 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 Apr 2020.

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% · $382K

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

5 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation
Compensated
$107,440Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Interim Ex.
$0Pt VII · Sec A

Julia Keleher’s $67K as Executive Director is at the 59th percentile of top reported officer pay among 1613 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laurisa Schutt——$129,583$116,667$114,584
Fleur McKendell—$107,440———
Julia Keleher$67,207————

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 First State Educate Action Fund INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Ensures all Delaware children access excellent schools.

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Provided by the organization

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1 program · $382K · in their own filed words · FY2023
01

For the promotion of social welfare.

$382Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$42K
Grants paid · 1 grant · $65K · 2024–2024
First State Educate INCDE · FY2024$65,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$276K
Gifts and grantsLn 1h$78K
Money outPt IX
$382K
Ln 25
Programscol B$382K
Owns and owesPt X
$42K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$44K
LiabilitiesLn 26$1K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Fees for servicesLn 2g$276K
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$44K
Cash and savings togetherLn 1–2$44K
Total assetsLn 16$44K
LiabilitiesLn 26$1K
Net assetsLn 32$42K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
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 FY23End FY23
Cash and savingsLn 1–2$48K$44K
Total assetsLn 16$71K$44K
LiabilitiesLn 26$993$1K
Net assetsLn 32$70K$42K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$298K$298K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$23K$23K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$727$727
Office expensesLn 13$125$125
OccupancyLn 16$1K$1K
TravelLn 17$942$942
InsuranceLn 23$810$810
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$382K$382K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $123K$156K−$33K$9K 990 PDF
FY2023 Viewing $354K$382K−$27K$42K 990 PDF
FY2022 $327K$355K−$27K$70K 990 PDF
FY2021 $313K$279K$34K$97K 990 PDF
FY2020 $216K$186K$30K$63K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $354,108 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,576$77,749
I-9 Program service revenuePrior year $284,662$276,359
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $327,238$354,108
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $324,442$323,506
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $30,234$58,064
I-18 Total expensesPrior year $354,676$381,570
I-19 Revenue less expensesPrior year −$27,438−$27,462
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $354,108 across 4 lines filed
VIII-1f All other contributions, gifts and grants$77,749
VIII-1h Total contributions, gifts and grants$77,749
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $276,359$276,359
VIII-12 Total revenueRelated to mission $276,359$354,108
Part IX · Statement of functional expenses $381,570 across 12 lines filed
IX-7 Other salaries and wagesPrograms $298,008$298,008
IX-9 Other employee benefitsPrograms $2,835$2,835
IX-10 Payroll taxesPrograms $22,663$22,663
IX-11c Accounting feesPrograms $8,413$8,413
IX-11g Other fees for servicesPrograms $10,701$10,701
IX-12 Advertising and promotionPrograms $727$727
IX-13 Office expensesPrograms $125$125
IX-16 OccupancyPrograms $1,350$1,350
IX-17 TravelPrograms $942$942
IX-23 InsurancePrograms $810$810
IX-24 Other expenses (24a–d)Programs $29,455$29,455
IX-24e All other expensesPrograms $5,541$5,541
IX-25 Total functional expensesPrograms $381,570 · Management $0 · Fundraising $0$381,570
Part X · Balance sheet $43,645 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $47,749$43,645
X-16 Total assetsStart of year $70,816$43,645
X-17 Accounts payable and accrued expensesStart of year $993$1,284
X-26 Total liabilitiesStart of year $993$1,284
X-27 Net assets without donor restrictionsStart of year $69,823$42,361
X-32 Total net assets or fund balancesStart of year $69,823$42,361
X-33 Total liabilities and net assetsStart of year $70,816$43,645
Part XI · Reconciliation of net assets $42,361 net assets at year end
XI-1 Total revenue$354,108
XI-2 Total expenses$381,570
XI-3 Revenue less expenses−$27,462
XI-4 Net assets at start of year$69,823
XI-10 Net assets at end of year$42,361

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

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