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Foundation for Educational Excellen FY2022 filing

Farmington, NMUnknown exempt organization EIN 85-0351972Revenue $93K in FY2022

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

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Provide Educational support services.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
126 mo
of spending, in cash
Looks good: 126.5 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
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$93K
+260% vs prior year
Spent
$29K
To programs
93%
Net assets
$511K
By yearFY2020–FY2024
Revenue
$93K
FY2022▲ +260%
Tap a bar for its year
Revenue by fiscal year
FY2020$25K
FY2021$26K
FY2022$93K
FY2023$40K
FY2024$68K
Expenses
$29K
FY2022+0.05%
Tap a bar for its year
Expenses by fiscal year
FY2020$28K
FY2021$29K
FY2022$29K
FY2023$40K
FY2024$9K
Net assets
$511K
FY2022▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$497K
FY2021$517K
FY2022$511K
FY2023$535K
FY2024$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

93 cents of each dollar spent went to programs.

Program services 93% · $27K Fundraising 7% · $2K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Scott Bird
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dave Dailey
President
$0Pt VII · Sec A
Cody Diehl
Director
$0Pt VII · Sec A
Sandra Grunwaldt
Vice Preside
$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 · $27K · in their own filed words · FY2022
01

Provide educational support services.

$27Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$93K
Ln 12
Gifts and grantsLn 1h$74K
Investment incomeLn 3$20K
Money outPt IX
$29K
Ln 25
Programscol B$27K
Fundraisingcol D$2K
Owns and owesPt X
$511K
net assets · Ln 32
Cash and savingsLn 1–2$308K
Total assetsLn 16$511K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Investment incomeLn 3$20K
Total revenueLn 12$93K
Assets in detailPt X, end of year
SavingsLn 2$308K
Cash and savings togetherLn 1–2$308K
InvestmentsLn 11–13$203K
Total assetsLn 16$511K
LiabilitiesLn 26$0
Net assetsLn 32$511K
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 FY22End FY22
Cash and savingsLn 1–2$276K$308K
InvestmentsLn 11–13$241K$203K
Total assetsLn 16$517K$511K
LiabilitiesLn 26$0$0
Net assetsLn 32$517K$511K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$650$650
Investment management feesLn 11f$3K$3K
Office expensesLn 13$18$18
Other expenses (24a–d)Ln 24$26K$24K$2K
Total functional expensesLn 25$29K$27K$0$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $68K$9K$59K$0 990 PDF
FY2023 $40K$40K−$123$535K 990 PDF
FY2022 Viewing $93K$29K$64K$511K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $93,231 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,153$73,518
I-9 Program service revenue$0
I-10 Investment incomePrior year $19,736$19,713
I-11 Other revenue$0
I-12 Total revenuePrior year $25,889$93,231
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 $29,188$29,203
I-18 Total expensesPrior year $29,188$29,203
I-19 Revenue less expensesPrior year −$3,299$64,028
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $93,231 across 4 lines filed
VIII-1f All other contributions, gifts and grants$73,518
VIII-1h Total contributions, gifts and grants$73,518
VIII-3 Investment incomeExcluded from tax $19,713$19,713
VIII-12 Total revenueExcluded from tax $19,713$93,231
Part IX · Statement of functional expenses $29,203 across 4 lines filed
IX-11c Accounting feesPrograms $650$650
IX-11f Investment management feesPrograms $2,984$2,984
IX-13 Office expensesPrograms $18$18
IX-24 Other expenses (24a–d)Programs $23,533 · Fundraising $2,018$25,551
IX-25 Total functional expensesPrograms $27,185 · Management $0 · Fundraising $2,018$29,203
Part X · Balance sheet $510,651 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $275,513$307,769
X-11 Publicly traded securitiesStart of year $241,408$202,882
X-16 Total assetsStart of year $516,921$510,651
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $319,012$289,484
X-28 Net assets with donor restrictionsStart of year $197,909$221,167
X-32 Total net assets or fund balancesStart of year $516,921$510,651
X-33 Total liabilities and net assetsStart of year $516,921$510,651
Part XI · Reconciliation of net assets $510,651 net assets at year end
XI-1 Total revenue$93,231
XI-2 Total expenses$29,203
XI-3 Revenue less expenses$64,028
XI-4 Net assets at start of year$516,921
XI-5 Net unrealized gains (losses) on investments−$70,298
XI-10 Net assets at end of year$510,651

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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