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Foundation for Educational Excellen FY2021 filing

Farmington, NMUnknown exempt organization EIN 85-0351972Revenue $26K in FY2021

On file with the IRSfms.k12.nm.us3401 E 30th St Suite a · Farmington, NM

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Provide Educational support services.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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 surplus $23K a year · 47% of revenue · last 5 filings
Worth a look: 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
Cash reserves
113 mo
of spending, in cash
Looks good: 113.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26K
+3% vs prior year
Spent
$29K
To programs
100%
Net assets
$517K
By yearFY2020–FY2024
Revenue
$26K
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$25K
FY2021$26K
FY2022$93K
FY2023$40K
FY2024$68K
Expenses
$29K
FY2021▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$28K
FY2021$29K
FY2022$29K
FY2023$40K
FY2024$9K
Net assets
$517K
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$497K
FY2021$517K
FY2022$511K
FY2023$535K
FY2024$0

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 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% · $29K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Scott Bird
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Amy Ernest
Director
$0Pt VII · Sec A
Sandra Grunwaldt
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Foundation for Educational Excellen 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 15aNo

Programs and updates

Offers educational support services to help people learn and grow.

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Provided by the organization

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1 program · $29K · in their own filed words · FY2021
01

Provide educational support services.

$29Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$26K
Ln 12
Investment incomeLn 3$20K
Gifts and grantsLn 1h$6K
Money outPt IX
$29K
Ln 25
Programscol B$29K
Owns and owesPt X
$517K
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$517K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$20K
Total revenueLn 12$26K
Assets in detailPt X, end of year
SavingsLn 2$276K
Cash and savings togetherLn 1–2$276K
InvestmentsLn 11–13$241K
Total assetsLn 16$517K
LiabilitiesLn 26$0
Net assetsLn 32$517K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$276K$276K
InvestmentsLn 11–13$221K$241K
Total assetsLn 16$497K$517K
LiabilitiesLn 26$0$0
Net assetsLn 32$497K$517K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$650$650
Investment management feesLn 11f$3K$3K
Office expensesLn 13$21$21
Other expenses (24a–d)Ln 24$25K$25K
Total functional expensesLn 25$29K$29K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $68K$9K$59K$0 990 PDF
FY2023 $40K$40K−$123$535K 990 PDF
FY2022 $93K$29K$64K$511K 990 PDF
FY2021 Viewing $26K$29K−$3K$517K 990 PDF
FY2020 $25K$28K−$2K$497K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $25,889 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,878$6,153
I-9 Program service revenue$0
I-10 Investment incomePrior year $311$19,736
I-11 Other revenue$0
I-12 Total revenuePrior year $25,189$25,889
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,525$29,188
I-18 Total expensesPrior year $27,525$29,188
I-19 Revenue less expensesPrior year −$2,336−$3,299
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $25,889 across 4 lines filed
VIII-1f All other contributions, gifts and grants$6,153
VIII-1h Total contributions, gifts and grants$6,153
VIII-3 Investment incomeExcluded from tax $19,736$19,736
VIII-12 Total revenueExcluded from tax $19,736$25,889
Part IX · Statement of functional expenses $29,188 across 4 lines filed
IX-11c Accounting feesPrograms $650$650
IX-11f Investment management feesPrograms $3,039$3,039
IX-13 Office expensesPrograms $21$21
IX-24 Other expenses (24a–d)Programs $25,478$25,478
IX-25 Total functional expensesPrograms $29,188 · Management $0 · Fundraising $0$29,188
Part X · Balance sheet $516,921 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $276,393$275,513
X-11 Publicly traded securitiesStart of year $220,825$241,408
X-16 Total assetsStart of year $497,218$516,921
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $315,810$319,012
X-28 Net assets with donor restrictionsStart of year $181,408$197,909
X-32 Total net assets or fund balancesStart of year $497,218$516,921
X-33 Total liabilities and net assetsStart of year $497,218$516,921
Part XI · Reconciliation of net assets $516,921 net assets at year end
XI-1 Total revenue$25,889
XI-2 Total expenses$29,188
XI-3 Revenue less expenses−$3,299
XI-4 Net assets at start of year$497,218
XI-5 Net unrealized gains (losses) on investments$23,002
XI-10 Net assets at end of year$516,921

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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