Fox Pacific Academy EIN 88-0654495 Form 990 (PDF) Claim this org

Fox Pacific Academy

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Offers financial aid and scholarships for healthcare education to those in need. For fiscal year 2024 it reported $53K in revenue, in expenses, and $422K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Santa Rosa, CA
Filings
3 on file (2022–2024)
Revenue
$53KFY2024
Expenses
Net assets
$422K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-0654495 Public charity (501(c)(3)) Santa Rosa, CA
Form 990 (PDF)
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Size
<$100K
What they do
Offers financial aid and scholarships for healthcare education to those in need.
Leadership
Melinda Wolcott · Director
Money in and out
$53K revenue
Bottom line
207.4mo operating runway
Where the money goes · FY2024
Total revenue
$53K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$422K
Pt X · Ln 32
Operating runway
207.4mo
months of highly liquid reserves at operating expense rate▲ +510% vs prior filing year
Surplus margin
+54%
revenue over expenses, this year▼ -20% vs prior filing year
Donor-funded
95%
of revenue is gifts & grants▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990-EZ
Revenue
$53K
FY2024▼ -88%
Total revenue
$53K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$422K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19
Total assetsPt X · Ln 16
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $263K of program spending, described in the organization's own filed words · FY2023.
01

To provide the opportunity foe those who are in need of financial AID/SCHOLARSHIPS in to obtain the education to work in the health care system this is a start up non profit organization completing the first 990 return and has not given out any grants or scholarships at this time

$263Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFox Pacific Academy
EINHdr · item D88-0654495
Principal addressHdr · item CSanta Rosa, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

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

Part VIII
Other revenue100%$53K
Total revenueLn 12$53K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16
Total liabilitiesLn 26
Total net assetsLn 32$422K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $422K · Operating expenses/yr $24K
207.4 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $50K · Total revenue $53K
95%
Government reliance
not reported
Earned-income share
Program service revenue — · Total revenue $53K
Investment reliance
Investment income $3K · Total revenue $53K
+5%
Program self-sufficiency
Program service revenue — · Total expenses $24K
Rests on the self-reported EZ program figure
Growth & trend
Revenue growth (YoY)
This year $53K · Prior year $424K
-88%
Net-asset trend (YoY)
End of year $422K · Beginning of year $394K
+7%
Balance sheet
Surplus Margin
Revenue $53K · Expenses $24K
+54%
Liabilities-to-Assets
Total liabilities — · Total assets $422K
Net-asset ratio
Net assets $422K · Total assets $422K
100%
People & payroll
Highest Reported Total Compensation
Individual Melinda Wolcott · Reported title Director · Highest reported compensation $0 · Total expenses $24K
0%
Personnel share
Salaries & benefits $9K · Total expenses $24K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -88%

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.

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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
FY2024 (Latest)$53K revenue · viewing · ⤓ 990 PDF
FY2023$424K revenue · ⤓ 990 PDF
FY2022$111K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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