Silver State Education Foundation EIN 92-1235018 Form 990 (PDF) Claim this org

Silver State Education Foundation

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Develops teacher pipeline programs to keep educators in Nevada and support their success. For fiscal year 2024 it reported $302K in revenue, $314K in expenses, and $-6K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Las Vegas, NV
Website
www.thessef.org
Filings
2 on file (2023–2024)
Revenue
$302KFY2024
Expenses
$314K
Net assets
$-6K
People
7
Filings
2
Updates
0
More identity details & actions ⌄
EIN  92-1235018 Public charity (501(c)(3)) Las Vegas, NV
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops teacher pipeline programs to keep educators in Nevada and support their success.
Leadership
Jeffrey Geihs · Chief Executive Officer · $56K
Money in and out
$302K revenue, $314K expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$302K
Pt VIII · Ln 12
Total expenses
$314K
Pt IX · Ln 25
Net assets
$-6K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$12K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.26 Fundraising $0.02
Program efficiency
72%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate▼ -40% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▼ -215% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$302K
FY2024▲ +81%
Total revenue
$302K
Pt VIII · Ln 12
Total expenses
$314K
Pt IX · Ln 25
Net assets
$-6K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$12K
Total assetsPt X · Ln 16$10K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $197K of program spending, described in the organization's own filed words · FY2024.
01

Recruitment of Students

Sergeant Major Gary Schoolfield (career coach) worked extensively with the Canyon Springs staff to finalize the identification of the first cohort. Working in collaboration with the Canyon Springs High School CTE Teachind and Training Program, students were place in six credits of university-level coursework in the fall.

$100Kprogram expense
02

Coursework Experiences Cohort 1 Junior Class

Sergeant Major Schoolfield (career coach) met weekly with students and sent weekly updates to parents. After completing the first quarter grade analysis, a tutoring system was developed and implemented to support struggling students.

$65Kprogram expense
03

Student Engagement in Tutorial Experience at Neighboring CCSD Elementary School and Teacher Training was provided to City of Nevada at Las Vegas (CNLV) and Clark County School (CCSD) Teachers: Students participated in training and multi-week tutoring hands-on experience.

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSilver State Education Foundation
EINHdr · item D92-1235018
Principal addressHdr · item CLas Vegas, NV
WebsiteHdr · item Jwww.thessef.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFFeb 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$55,500Pt VII · Sec A
Acting President
$37,000Pt VII · Sec A
Chairman of the Board
$4,400Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jeffrey Geihs’s $56K as Chief Executive Officer is at the 47th percentile of top reported officer pay among 1616 $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 · 6 named individuals · Part VII

NameFY2024FY2023
Jeffrey Geihs$55,500
Bridget Bilbray-Phillips$37,000
Dr Jeffrey Geihs$30,000
Bridget Phillips$26,700
Louis Markouzis$4,800
Lou Markouzis$4,400

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.

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Statement of Revenue

Part VIII
Contributions & grants$196K · 65%
Program service revenue$106K · 35%
Contributions & grants65%$196K
Program service revenue35%$106K
Total revenueLn 12$302K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.26 Fundraising $0.02
Program services72%$226K
Management & general26%$82K
Fundraising2%$7K
Total functional expensesLn 25$314K

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$10K
Total liabilitiesLn 26$16K
Total net assetsLn 32$-6K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9K · Operating expenses/yr $314K
0.3 months
Where the money goes
Program services
Program services $226K · Total expenses $314K
72%
Management & General
Management & general $82K · Total expenses $314K
26%
Fundraising
Fundraising $7K · Total expenses $314K
2%
Cost to raise $1
Fundraising expense $7K · Solicited contributions $196K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $196K · Total revenue $302K
65%
Government reliance
Government grants — · Total revenue $302K
Earned-income share
Program service revenue $106K · Total revenue $302K
35%
Investment reliance
Investment income $0 · Total revenue $302K
0%
Program self-sufficiency
Program service revenue $106K · Total expenses $314K
34%
Growth & trend
Revenue growth (YoY)
This year $302K · Prior year $167K
+81%
Net-asset trend (YoY)
End of year $-6K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $302K · Expenses $314K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $10K
Net-asset ratio
Net assets $-6K · Total assets $10K
-59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Geihs · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $56K · Total expenses $314K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $105K · Total expenses $314K
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 26%
Fundraising cost ratio 3%
Revenue growth 81%
Legal fee ratio 0.5%
Accounting fee ratio 4%

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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

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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)$302K revenue · viewing · ⤓ 990 PDF
FY2023$167K 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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