Pellston Education Foundation: Nonprofit Profile, Financials & Form 990 (EIN 87-2043632)

Revenue by fiscal year
FY2021	$78K
FY2022	$122K
FY2023	$61K
FY2024	$87K
FY2025	$475K

Net assets by fiscal year
FY2021	$76K
FY2022	$173K
FY2023	$223K
FY2024	$292K
FY2025	$761K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $28K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation

Don Ball

Trustee

$0Pt VII · Sec A

John Duffey

Trustee

$0Pt VII · Sec A

Kim Jutson

Trustee

$0Pt VII · Sec A

Patricia Mallory

Trustee

$0Pt VII · Sec A

Serenity Dankert

Trustee

$0Pt VII · Sec A

Thomas Litzner

Trustee

$0Pt VII · Sec A

Carlin Smith

President

$0Pt VII · Sec A

Mark Wagenschutz

Vice President

$0Pt VII · Sec A

See Pellston 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 15aNo

Programs and updates

Supports students in Pellston Public Schools with education and other resources.

Questions for Pellston Education Foundation

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1 program · $28K · in their own filed words · FY2025

01

Provide educational and other support to students enrolled in the Pellston public schools.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-2043632) · Dispute this line

$28Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 2 grants · $23K · 2025–2025

Unitemized GrantFY2025$21,000

Unitemized GrantFY2025$2,354

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$475K

Ln 12

Gifts and grantsLn 1h$459K

Investment incomeLn 3$27K

Money outPt IX

$28K

Ln 25

Programscol B$28K

Owns and owesPt X

$761K

net assets · Ln 32

Cash and savingsLn 1–2$98K

Total assetsLn 16$761K

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$459K

Noncash giftsLn 1g$16K

Fundraising eventsLn 1c$105K

Investment incomeLn 3$27K

Total revenueLn 12$475K

Assets in detailPt X, end of year

CashLn 1$88K

SavingsLn 2$10K

Cash and savings togetherLn 1–2$98K

InvestmentsLn 11–13$664K

Total assetsLn 16$761K

LiabilitiesLn 26$0

Net assetsLn 32$761K

OperationsPt I, VI

EmployeesI 50

VolunteersI 616

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$60K	$98K
InvestmentsLn 11–13	$232K	$664K
Total assetsLn 16	$292K	$761K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$292K	$761K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$23K	$23K
Accounting feesLn 11c	$900	$900
Advertising and promotionLn 12	$1K	$1K
Office expensesLn 13	$585	$585
Information technologyLn 14	$2K	$2K
Other expenses (24a–d)Ln 24	$899	$899
Total functional expensesLn 25	$28K	$28K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Apr 6, 2026	$475K	$28K	$447K	$761K	990 PDF
FY2024Filed with the IRS Apr 21, 2025	$87K			$292K	990 PDF
FY2023Filed with the IRS Apr 26, 2024	$61K			$223K	990 PDF
FY2022Filed with the IRS Jun 19, 2023	$122K			$173K	990 PDF
FY2021Filed with the IRS May 12, 2022	$78K			$76K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $475,149 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $74,186$458,533

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $15,635$26,595

I-11 Other revenuePrior year −$2,518−$9,979

I-12 Total revenuePrior year $87,303$475,149

I-13 Grants and similar amounts paidPrior year $19,795$23,354

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $4,065$4,886

I-18 Total expensesPrior year $23,860$28,240

I-19 Revenue less expensesPrior year $63,443$446,909

Part VI · Governance 8 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $475,149 across 7 lines filed

VIII-1c Fundraising events$104,928

VIII-1f All other contributions, gifts and grants$353,605

VIII-1g Noncash contributions (included above)$16,305

VIII-1h Total contributions, gifts and grants$458,533

VIII-3 Investment incomeExcluded from tax $26,595$26,595

VIII-8 Net income from fundraising eventsExcluded from tax −$9,979−$9,979

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $16,616$475,149

Part IX · Statement of functional expenses $28,240 across 6 lines filed

IX-2 Grants to domestic individualsPrograms $23,354$23,354

IX-11c Accounting feesPrograms $900$900

IX-12 Advertising and promotionPrograms $1,000$1,000

IX-13 Office expensesPrograms $585$585

IX-14 Information technologyPrograms $1,502$1,502

IX-24 Other expenses (24a–d)Programs $899$899

IX-25 Total functional expensesPrograms $28,240 · Management $0 · Fundraising $0$28,240

Part X · Balance sheet $761,352 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $49,433$87,791

X-2 Savings and temporary cash investmentsStart of year $10,380$9,940

X-12 Other securitiesStart of year $231,915$663,621

X-16 Total assetsStart of year $291,728$761,352

X-26 Total liabilitiesStart of year $0$0

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $291,728$761,352

X-32 Total net assets or fund balancesStart of year $291,728$761,352

X-33 Total liabilities and net assetsStart of year $291,728$761,352

Part XI · Reconciliation of net assets $761,352 net assets at year end

XI-1 Total revenue$475,149

XI-2 Total expenses$28,240

XI-3 Revenue less expenses$446,909

XI-4 Net assets at start of year$291,728

XI-5 Net unrealized gains (losses) on investments$22,715

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$761,352

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

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Pellston Education Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Pellston Education Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

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