Pasco Education Foundation FY2020 filing

Tax-deductible

Pasco, WA501(c)(3)EducationEIN 91-2125973Revenue $70K in FY2020

On file with the IRSpascopride.comPo Box 3162, 99302-3162 · Pasco, WATax-exempt since May 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To promote, develop, and encourage public support of the Pasco school district. To provide gifts, grants, and bequests for the use or benefit of the Pasco school district and its students. Gifts, grants, and bequests are provided based upon achievement and need.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
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
3 of 5
filings with a surplus
Average surplus $16K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
55 mo
of spending, in cash
Looks good: 55.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$501
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70K
Spent
$74K
To programs
90%
Net assets
$340K
By yearFY2020–FY2024
Revenue
$70K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$70K
FY2021$35K
FY2022$89K
FY2023$117K
FY2024$133K
Expenses
$74K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$74K
FY2021$56K
FY2022$72K
FY2023$78K
FY2024$85K
Net assets
$340K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$340K
FY2021$319K
FY2022$337K
FY2023$375K
FY2024$423K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2006.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $66K Management & general 9% · $7K Fundraising 1% · $660

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Pasco Education 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 15aNo

Programs and updates

Supports Pasco School District students and programs through gifts and grants based on achievement and need.

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Provided by the organization

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1 program · $66K · in their own filed words · FY2020
01

Achievement and need based grants (post secondary scholarships) paid for the benefit of graduating pasco school district students.

$66Kprogram 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 · 4 grants · $177K · 2022–2024
Unitemized GrantFY2024$58,200
Unitemized GrantFY2023$57,500
Unitemized GrantFY2022$58,383
Unitemized GrantFY2022$2,500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$70K
Ln 12
Gifts and grantsLn 1h$77K
Investment incomeLn 3$5K
Money outPt IX
$74K
Ln 25
Programscol B$66K
Managementcol C$7K
Fundraisingcol D$660
Owns and owesPt X
$340K
net assets · Ln 32
Cash and savingsLn 1–2$340K
Total assetsLn 16$340K
LiabilitiesLn 26$501
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$77K
Investment incomeLn 3$5K
Gains on assetsLn 7−$11K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$318K
Cash and savings togetherLn 1–2$340K
Total assetsLn 16$340K
LiabilitiesLn 26$501
Net assetsLn 32$340K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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
LineStart FY20End FY20
Cash and savingsLn 1–2$325K$340K
Total assetsLn 16$325K$340K
LiabilitiesLn 26$500$501
Net assetsLn 32$324K$340K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$6K$5K$600
Accounting feesLn 11c$555$555
Other fees for servicesLn 11g$67K$66K$500$60
Office expensesLn 13$377$377
Total functional expensesLn 25$74K$66K$7K$660

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $133K$85K$48K$423K 990 PDF
FY2023 $117K$78K$38K$375K 990 PDF
FY2022 $89K$72K$18K$337K 990 PDF
FY2021 $35K$56K−$21K$319K 990 PDF
FY2020 Viewing $70K$74K−$3K$340K 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 FY2020 990 (6 parts)
Part I · Summary $70,302 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,646$76,559
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,160−$6,257
I-11 Other revenuePrior year −$3,824$0
I-12 Total revenuePrior year $104,982$70,302
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 $62,286$73,692
I-18 Total expensesPrior year $62,286$73,692
I-19 Revenue less expensesPrior year $42,696−$3,390
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $70,302 across 5 lines filed
VIII-1f All other contributions, gifts and grants$76,559
VIII-1h Total contributions, gifts and grants$76,559
VIII-3 Investment incomeExcluded from tax $4,942$4,942
VIII-7 Net gain or loss on sales of assetsRelated to mission −$11,353 · Excluded from tax $154−$11,199
VIII-12 Total revenueRelated to mission −$11,353 · Excluded from tax $5,096$70,302
Part IX · Statement of functional expenses $73,692 across 4 lines filed
IX-11a Management feesManagement $5,400 · Fundraising $600$6,000
IX-11c Accounting feesManagement $555$555
IX-11g Other fees for servicesPrograms $66,200 · Management $500 · Fundraising $60$66,760
IX-13 Office expensesManagement $377$377
IX-25 Total functional expensesPrograms $66,200 · Management $6,832 · Fundraising $660$73,692
Part X · Balance sheet $340,077 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $15,815$22,533
X-2 Savings and temporary cash investmentsStart of year $309,063$317,544
X-16 Total assetsStart of year $324,878$340,077
X-17 Accounts payable and accrued expensesStart of year $500$501
X-26 Total liabilitiesStart of year $500$501
X-27 Net assets without donor restrictionsStart of year $15,315$21,032
X-28 Net assets with donor restrictionsStart of year $309,063$318,544
X-32 Total net assets or fund balancesStart of year $324,378$339,576
X-33 Total liabilities and net assetsStart of year $324,878$340,077
Part XI · Reconciliation of net assets $339,576 net assets at year end
XI-1 Total revenue$70,302
XI-2 Total expenses$73,692
XI-3 Revenue less expenses−$3,390
XI-4 Net assets at start of year$324,378
XI-5 Net unrealized gains (losses) on investments$18,588
XI-10 Net assets at end of year$339,576

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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