The Paslay Foundation EIN 86-1337821

The Paslay Foundation

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Helps students with disabilities thrive through tailored learning structures. For fiscal year 2025 it reported $331K in revenue, $232K in expenses, and $264K in net assets.Pt I

Founded
2021
Type
Public charity (501(c)(3)) · Mental Health
Location
Fort Worth, TX
Website
paslayfoundation.com
Filings
5 on file (2021–2025)
Revenue
$331KFY2025
Expenses
$232K
Net assets
$264K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-1337821 Public charity (501(c)(3)) Fort Worth, TX Founded 2021
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps students with disabilities thrive through tailored learning structures.
Leadership
Marcus Paslay · President
Money in and out
$331K revenue, $232K expenses
Bottom line
86% program efficiency
Where the money goes · FY2025
Total revenue
$331K
Pt VIII · Ln 12
Total expenses
$232K
Pt IX · Ln 25
Net assets
$264K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $99K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
23.2mo
months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$331K
FY2025▲ +37%
Expenses
$232K
FY2025▲ +29%
Total assets
$264K
FY2025▲ +60%
Total liabilities
$0
FY2025
Total revenue
$331K
Pt VIII · Ln 12
Total expenses
$232K
Pt IX · Ln 25
Net assets
$264K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$99K
Total assetsPt X · Ln 16$264K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $198K of program spending, described in the organization's own filed words · FY2025.
01

The foundation exists to support students who may need additional supports to thrive in or beyond a traditional learning structure in fort worth and throughout tarrant county. Whether the students might have a developmental disability or a learning disability, the foundation hopes to create a learning structure that works with the…

$198Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Paslay Foundation
EINHdr · item D86-1337821
Principal addressHdr · item CFort Worth, TX
WebsiteHdr · item Jpaslayfoundation.com
Year of formationHdr · item L2021
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F12)
Ruling yearIRS BMFOct 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants158%$524K
Investment income$1K
Total revenueLn 12$331K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$198K
Management & general14%$34K
Total functional expensesLn 25$232K

Balance Sheet

Part X · end of year
CashLn 1$264K
Total assetsLn 16$264K
Total liabilitiesLn 26$0
Total net assetsLn 32$264K
Months of cash on handcomputed13.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $264K · Operating expenses (Pt IX) $232K · Less non-cash grants $95K · Cash operating expenses/yr $137K
23.2 months
Where the money goes
Program services
Program services $198K · Total expenses $232K
86%
Management & General
Management & general $34K · Total expenses $232K
14%
Fundraising
Fundraising $0 · Total expenses $232K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $463K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $524K · Total revenue $331K
158%
Government reliance
Government grants — · Total revenue $331K
Earned-income share
Program service revenue $0 · Total revenue $331K
0%
Investment reliance
Investment income $1K · Total revenue $331K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $232K
0%
Growth & trend
Revenue growth (YoY)
This year $331K · Prior year $242K
+37%
Net-asset trend (YoY)
End of year $264K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $331K · Expenses $232K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $264K
Net-asset ratio
Net assets $264K · Total assets $264K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $264K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marcus Paslay · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $232K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $232K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Revenue growth 37%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$125K
Grants paid · 10 grants · $544K · 2022–2025
Literacy United INCTX · FY2025$65,000
New Key School INCTX · FY2025$32,500
Unitemized GrantFY2025$23,000
Literacy United INCTX · FY2024$85,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$331K revenue · viewing · ⤓ 990 PDF
FY2024$242K revenue · ⤓ 990 PDF
FY2023$271K revenue · ⤓ 990 PDF
FY2022$253K revenue · ⤓ 990 PDF
FY2021$0 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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