School Foundation INC EIN 93-1064935 Form 990 (PDF) Claim this org

School Foundation INC FY2021 filing

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Provides students exceptional educational and extracurricular opportunities for future success. For fiscal year 2021 it reported $131K in revenue, $113K in expenses, and $768K in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Bend, OR
Website
engagedminds.org
Filings
6 on file (2020–2021)
Revenue
$131KFY2021
Expenses
$113K
Net assets
$768K
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  93-1064935 Public charity (501(c)(3)) Bend, OR
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides students exceptional educational and extracurricular opportunities for future success.
Leadership
Michelle Johnson · Interim Exec · $26K
Money in and out
$131K revenue, $113K expenses
Bottom line
65% program efficiency
Where the money goes · FY2021
Total revenue
$131K
Pt VIII · Ln 12
Total expenses
$113K
Pt IX · Ln 25
Net assets
$768K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.24 Fundraising $0.12
Program efficiency
65%
of spending reaches programs
Operating runway
36.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$131K
FY2021▼ -47%
Expenses
$113K
FY2021▼ -40%
Total assets
$768K
FY2021▲ +18%
Total liabilities
$0
FY2021
Total revenue
$131K
Pt VIII · Ln 12
Total expenses
$113K
Pt IX · Ln 25
Net assets
$768K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$768K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSchool Foundation INC
EINHdr · item D93-1064935
Principal addressHdr · item CBend, OR
WebsiteHdr · item Jengagedminds.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J20)
Ruling yearIRS BMFJan 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Interim Exec
$26,250Pt VII · Sec A
Executive Di
$6,346Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Anne Westerhoff’s $36K as Executive Di is at the 44th percentile of top reported officer pay among 1216 $100K–1M employment 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michelle Johnson$26,250$37,208
Anne Westerhoff$36,500$31,956
Jamie Goldman$36,500$31,956
Stacy Simpson$10,295$13,870
David Beltramini$10,430
Dave Beltramini$6,346

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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Mission & Programs · Part III

Where the work happens

3 program services account for $73K of program spending, described in the organization's own filed words · FY2020.
01

Provided 31 classroom grants to local elementary, middle, and high schools to enrich classroom learning.

$38Kprogram expense
02

Provided 16 college scholarships for students, nominated by their teachers, who showed demonstrable perseverance through difficult circumstances.

$19Kprogram expense
03

Provided 12 college scholarships for graduating hispanic students in partnership with oregon community foundation and C.O. Latino partnership program. Pass through restricted GRANTS/DESIGNATED donations to various schools and programs at the bend-lapine school district.

$17Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$112K · 86%
Investment income$19K · 15%
Contributions & grants86%$112K
Investment income15%$19K
Total revenueLn 12$131K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.24 Fundraising $0.12
Program services65%$73K
Management & general24%$27K
Fundraising12%$13K
Total functional expensesLn 25$113K

Balance Sheet

Part X · end of year
CashLn 1$342K
Total assetsLn 16$768K
Total liabilitiesLn 26$0
Total net assetsLn 32$768K
Months of cash on handcomputed36.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $342K · Operating expenses/yr $113K
36.4 months
Where the money goes
Program services
Program services $73K · Total expenses $113K
65%
Management & General
Management & general $27K · Total expenses $113K
24%
Fundraising
Fundraising $13K · Total expenses $113K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $18K · Solicited contributions (2-yr avg) $152K
$0.12 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $112K · Total revenue $131K
86%
Government reliance
Government grants — · Total revenue $131K
Earned-income share
Program service revenue $0 · Total revenue $131K
0%
Investment reliance
Investment income $19K · Total revenue $131K
+15%
Program self-sufficiency
Program service revenue $0 · Total expenses $113K
0%
Growth & trend
Revenue growth (YoY)
This year $131K · Prior year $249K
-47%
Net-asset trend (YoY)
End of year $768K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $131K · Expenses $113K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $768K
Net-asset ratio
Net assets $768K · Total assets $768K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $768K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michelle Johnson · Reported title INTERIM EXEC · Highest reported compensation $26K · Total expenses $113K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $36K · Total expenses $113K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 24%
Fundraising cost ratio 12%
Revenue growth -47%
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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 22 grants · $1.0M · 2019–2024
Bend-Lapine School DistrictFY2024$440,824
Unitemized GrantFY2024$99,453
Bend-Lapine School DistrictFY2023$115,217
Unitemized GrantFY2023$11,000
Bend-Lapine School DistrictFY2022$102,312
Unitemized GrantFY2022$15,000
Unitemized GrantFY2022$4,000
Unitemized GrantFY2022$1,351
Unitemized GrantFY2022$700
Bend-Lapine School DistrictFY2021$34,972
Unitemized GrantFY2021$21,000
Unitemized GrantFY2021$12,480
Unitemized GrantFY2021$11,000
Unitemized GrantFY2021$4,700
Unitemized GrantFY2021$300
Bend-Lapine School DistrictFY2020$28,430
Unitemized GrantFY2020$14,000
Unitemized GrantFY2020$12,621
See all 22 grants →

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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
FY2025 (Latest)$749K revenue · ⤓ 990 PDF
FY2024$727K revenue · ⤓ 990 PDF
FY2023$280K revenue · ⤓ 990 PDF
FY2022$149K revenue · ⤓ 990 PDF
FY2021$131K revenue · viewing · ⤓ 990 PDF
FY2020$249K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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