Everett Public Schools Foundation FY2021 filing

Tax-deductible

Everett, WA501(c)(3)Since 1985EducationEIN 91-1329342Revenue $807K in FY2021

On file with the IRSepsfoundation.orgPo Box 3112, 98213-1112 · Everett, WATax-exempt since Oct 1986Publicly supported charity — 170(b)(1)(A)(vi)

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That all students in Everett Public Schools have the programs and resources they need for success and well-being.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $191K a year · 25% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $40K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$807K
+45% vs prior year
Spent
$424K
To programs
70%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$807K
FY2021▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020$557K
FY2021$807K
FY2022$694K
FY2023$636K
FY2024$944K
FY2025$970K
Expenses
$424K
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$459K
FY2021$424K
FY2022$560K
FY2023$642K
FY2024$653K
FY2025$725K
Net assets
$2.3M
FY2021▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.3M
FY2022$2.1M
FY2023$2.1M
FY2024$2.7M
FY2025$3.0M

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1986.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $295K Management & general 16% · $70K Fundraising 14% · $59K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Liaison
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kay Fantin’s $87K as Executive Director is at the 76th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Kay Fantin$87,360$87,360

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Everett Public Schools Foundation 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 15aYes

Programs and updates

Supports education through community involvement and private donations, independent of state funding.

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Provided by the organization

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2 programs · $295K · in their own filed words · FY2020
01

School programs classroom grants tuition grants various awards & specific programs

$223Kprogram expense
02

Scholarships

$72Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$40K
Grants paid · 44 grants · $1.7M · 2019–2024
Unitemized GrantFY2024$172,520
Everett Public SchoolsFY2024$136,909
Unitemized GrantFY2024$3,250
Everett Public SchoolsFY2023$150,423
Unitemized GrantFY2023$117,400
Unitemized GrantFY2023$3,250
Unitemized GrantFY2022$109,470
Everett Public SchoolsFY2022$100,000
Everett Public SchoolsFY2022$54,000
Everett Public SchoolsFY2022$37,143
Everett Public SchoolsFY2022$19,650
Everett Public SchoolsFY2022$13,174
Everett Public SchoolsFY2022$12,250
Everett Public SchoolsFY2022$8,015
Everett Public SchoolsFY2022$7,884
Everett Public SchoolsFY2022$7,000
Everett Public SchoolsFY2022$6,436
Everett Public SchoolsFY2022$5,000
See all 44 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$807K
Ln 12
Gifts and grantsLn 1h$660K
Other incomeLn 4–11$68K
Fees for servicesLn 2g$46K
Money outPt IX
$424K
Ln 25
Programscol B$295K
Managementcol C$70K
Fundraisingcol D$59K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$185K
Total assetsLn 16$2.3M
LiabilitiesLn 26$4K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$660K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$78K
Fees for servicesLn 2g$46K
Investment incomeLn 3$34K
Other incomeLn 4–11$68K
Gains on assetsLn 7$5K
Total revenueLn 12$807K
Assets in detailPt X, end of year
CashLn 1$162K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$185K
InvestmentsLn 11–13$2.1M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$2.3M
LiabilitiesLn 26$4K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 6120
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$119K$185K
InvestmentsLn 11–13$1.6M$2.1M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.7M$2.3M
LiabilitiesLn 26$3K$4K
Net assetsLn 32$1.7M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$121K$121K
Grants to domestic individualsLn 2$72K$72K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$71K$29K$14K$29K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$68K$28K$17K$23K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$2K$606$340$554
Payroll taxesLn 10$12K$5K$3K$4K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$2K$0$2K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$8K$0$8K$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$10K$0$10K$352
Office expensesLn 13$1K$325$974$0
Information technologyLn 14$4K$0$4K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$178$0$178$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$50K$39K$8K$3K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$424K$295K$70K$59K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $970K$725K$246K$3.0M 990 PDF
FY2024 $944K$653K$291K$2.7M 990 PDF
FY2023 $636K$642K−$6K$2.1M 990 PDF
FY2022 $694K$560K$133K$2.1M 990 PDF
FY2021 Viewing $807K$424K$383K$2.3M 990 PDF
FY2020 $557K$459K$98K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $806,964 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $453,152$659,695
I-9 Program service revenuePrior year $44,748$45,529
I-10 Investment incomePrior year −$7,192$33,807
I-11 Other revenuePrior year $66,310$67,933
I-12 Total revenuePrior year $557,018$806,964
I-13 Grants and similar amounts paidPrior year $219,501$193,702
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $148,411$152,334
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $90,800$77,952
I-18 Total expensesPrior year $458,712$423,988
I-19 Revenue less expensesPrior year $98,306$382,976
Part VI · Governance 24 of 24 board members independent, 1 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $806,964 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$78,384
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$581,311
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$659,695
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,529 · Unrelated business $0 · Excluded from tax $0$45,529
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $29,075$29,075
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,732$4,732
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $67,933$67,933
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $45,529 · Unrelated business $0 · Excluded from tax $101,740$806,964
Part IX · Statement of functional expenses $423,988 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $121,383$121,383
IX-2 Grants to domestic individualsPrograms $72,319$72,319
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $28,560 · Management $14,280 · Fundraising $28,560$71,400
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $27,682 · Management $17,231 · Fundraising $22,892$67,805
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $606 · Management $340 · Fundraising $554$1,500
IX-10 Payroll taxesPrograms $4,699 · Management $2,632 · Fundraising $4,298$11,629
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $2,200 · Fundraising $0$2,200
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $8,435 · Fundraising $0$8,435
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $9,809 · Fundraising $352$10,161
IX-13 Office expensesPrograms $325 · Management $974 · Fundraising $0$1,299
IX-14 Information technologyPrograms $0 · Management $3,502 · Fundraising $0$3,502
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $178 · Fundraising $0$178
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $2,038 · Fundraising $0$2,038
IX-24 Other expenses (24a–d)Programs $39,440 · Management $7,921 · Fundraising $2,778$50,139
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $295,014 · Management $69,540 · Fundraising $59,434$423,988
Part X · Balance sheet $2,316,083 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $101,130$162,441
X-2 Savings and temporary cash investmentsStart of year $18,227$22,868
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,563,333$2,130,774
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,682,690$2,316,083
X-17 Accounts payable and accrued expensesStart of year $2,609$2,851
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $95$711
X-26 Total liabilitiesStart of year $2,704$3,562
X-27 Net assets without donor restrictionsStart of year $589,415$862,207
X-28 Net assets with donor restrictionsStart of year $1,090,571$1,450,314
X-32 Total net assets or fund balancesStart of year $1,679,986$2,312,521
X-33 Total liabilities and net assetsStart of year $1,682,690$2,316,083
Part XI · Reconciliation of net assets $2,312,521 net assets at year end
XI-1 Total revenue$806,964
XI-2 Total expenses$423,988
XI-3 Revenue less expenses$382,976
XI-4 Net assets at start of year$1,679,986
XI-5 Net unrealized gains (losses) on investments$254,092
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses−$4,533
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,312,521

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

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