Coronado Schools Foundation FY2022 filing

Tax-deductible

Coronado, CA501(c)(3)EIN 94-2745484Revenue $1.4M in FY2022

On file with the IRScsfkids.org201 6th St, 92118-1638 · Coronado, CATax-exempt since Mar 1982Publicly supported charity — 170(b)(1)(A)(vi)

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Through community involvement and support, Coronado Schools Foundation raises and manages funds to provide exceptional learning experiences for all Coronado unified school district students.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
4 of 5
filings with a surplus
Average surplus $253K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$475K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 18 voting members
Looks good: 16 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+11% vs prior year
Spent
$1.4M
To programs
82%
Net assets
$8.2M
By yearFY2021–FY2025
Revenue
$1.4M
FY2022▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.4M
FY2023$893K
FY2024$2.9M
FY2025$1.4M
Expenses
$1.4M
FY2022▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.2M
FY2022$1.4M
FY2023$1.3M
FY2024$1.4M
FY2025$1.3M
Net assets
$8.2M
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2021$9.5M
FY2022$8.2M
FY2023$8.7M
FY2024$11.1M
FY2025$11.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1982.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.1M Management & general 11% · $144K Fundraising 7% · $100K

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

18 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
CEO & President
$49,366Pt VII · Sec A
CEO & President (former)
$36,722Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Michelle Gilmore—$139,598——
Michelle R Gilmore——$97,459$49,366
Ashley Degree$80,860———
Jeanmarie Bond———$36,722

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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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

Raises and manages funds for exceptional learning experiences for all students.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2021
01

The primary purpose of school site program grants within the coronado unified school district (cusd) is to enrich the quality of the curriculum and provide exceptional learning experiences for all cusd students.

$1.1Mprogram expense
02

Scholarships for multiple graduating coronado high school seniors from private donors as well as endowed scholarships within coronado schools foundation fidelity investment accounts. The coronado high school senior awards committee members make the determination as to the recipient(s) of each award based on criteria established by the…

$46Kprogram expense
03

District program funding inludes telethon event support to coronado middle and high schools. Coronado schools foundation envisions a public schools community that provides students an opportunity to learn, thrive, and reach their highest potential today and into their future.

$8Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 10 grants · $4.5M · 2020–2024
Coronado Unified School DistrictFY2024$935,027
Unitemized GrantFY2024$52,596
Coronado Unified School DistrictFY2023$884,617
Unitemized GrantFY2023$60,598
Coronado Unified School DistrictFY2022$795,489
Unitemized GrantFY2022$51,500
Coronado Unified School DistrictFY2021$876,118
Unitemized GrantFY2021$46,500
Coronado Unified School DistrictFY2020$760,000
Unitemized GrantFY2020$56,406

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$140K
Fees for servicesLn 2g$58K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$144K
Fundraisingcol D$100K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$756K
Total assetsLn 16$8.7M
LiabilitiesLn 26$475K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$82K
Fundraising eventsLn 1c$373K
Fees for servicesLn 2g$58K
Investment incomeLn 3$140K
Other incomeLn 4–11$45K
Gains on assetsLn 7−$38K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$50K
SavingsLn 2$706K
Cash and savings togetherLn 1–2$756K
InvestmentsLn 11–13$7.8M
Land, buildings, equipmentLn 10c$13K
Total assetsLn 16$8.7M
LiabilitiesLn 26$475K
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 518
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$611K$756K
InvestmentsLn 11–13$9.3M$7.8M
Land, buildings, equipmentLn 10c$1K$13K
Total assetsLn 16$9.9M$8.7M
LiabilitiesLn 26$351K$475K
Net assetsLn 32$9.5M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$876K$876K
Grants to domestic individualsLn 2$46K$46K
Pay of current officers, directors and key staffLn 5$117K$47K$23K$47K
Other salaries and wagesLn 7$125K$61K$30K$34K
Payroll taxesLn 10$21K$7K$5K$8K
Accounting feesLn 11c$17K$6K$6K$6K
Investment management feesLn 11f$29K$29K
Other fees for servicesLn 11g$18K$6K$6K$6K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$18K$11K$21K−$14K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$30K$10K$10K$10K
Other expenses (24a–d)Ln 24$59K$49K$10K−$311
All other expensesLn 24e$240$120$120
Total functional expensesLn 25$1.4M$1.1M$144K$100K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.4M$1.3M$45K$11.7M 990 PDF
FY2024 $2.9M$1.4M$1.5M$11.1M 990 PDF
FY2023 $893K$1.3M−$401K$8.7M 990 PDF
FY2022 Viewing $1.4M$1.4M$31K$8.2M 990 PDF
FY2021 $1.3M$1.2M$77K$9.5M 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 FY2022 990 (6 parts)
Part I · Summary $1,393,270 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $464,053$1,149,535
I-9 Program service revenuePrior year $73,550$58,405
I-10 Investment incomePrior year $575,105$140,157
I-11 Other revenuePrior year $142,984$45,173
I-12 Total revenuePrior year $1,255,692$1,393,270
I-13 Grants and similar amounts paidPrior year $816,406$922,618
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $251,224$262,287
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,673$177,254
I-18 Total expensesPrior year $1,178,303$1,362,159
I-19 Revenue less expensesPrior year $77,389$31,111
Part VI · Governance 16 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,393,270 across 9 lines filed
VIII-1c Fundraising events$372,645
VIII-1e Government grants$82,000
VIII-1f All other contributions, gifts and grants$694,890
VIII-1h Total contributions, gifts and grants$1,149,535
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,405$58,405
VIII-3 Investment incomeExcluded from tax $177,816$177,816
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$37,659−$37,659
VIII-8 Net income from fundraising eventsExcluded from tax $45,173$45,173
VIII-12 Total revenueRelated to mission $58,405 · Unrelated business $0 · Excluded from tax $185,330$1,393,270
Part IX · Statement of functional expenses $1,362,159 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $876,118$876,118
IX-2 Grants to domestic individualsPrograms $46,500$46,500
IX-5 Pay of current officers, directors and key staffPrograms $46,749 · Management $23,374 · Fundraising $46,749$116,872
IX-7 Other salaries and wagesPrograms $60,658 · Management $30,329 · Fundraising $33,807$124,794
IX-10 Payroll taxesPrograms $7,218 · Management $5,155 · Fundraising $8,248$20,621
IX-11c Accounting feesPrograms $5,727 · Management $5,728 · Fundraising $5,727$17,182
IX-11f Investment management feesManagement $28,867$28,867
IX-11g Other fees for servicesPrograms $5,833 · Management $5,834 · Fundraising $5,833$17,500
IX-12 Advertising and promotionFundraising $4,229$4,229
IX-13 Office expensesPrograms $10,629 · Management $21,259 · Fundraising −$14,126$17,762
IX-22 Depreciation, depletion and amortizationManagement $3,297$3,297
IX-23 InsurancePrograms $9,873 · Management $9,873 · Fundraising $9,873$29,619
IX-24 Other expenses (24a–d)Programs $49,060 · Management $9,809 · Fundraising −$311$58,558
IX-24e All other expensesPrograms $120 · Fundraising $120$240
IX-25 Total functional expensesPrograms $1,118,485 · Management $143,525 · Fundraising $100,149$1,362,159
Part X · Balance sheet $8,664,308 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $84,141$50,194
X-2 Savings and temporary cash investmentsStart of year $527,091$706,023
X-4 Accounts receivableStart of year $2,088$34,953
X-9 Prepaid expenses and deferred chargesStart of year $7,189$15,090
X-10c Land, buildings and equipment, netStart of year $1,057$13,498
X-12 Other securitiesStart of year $9,257,978$7,844,550
X-16 Total assetsStart of year $9,879,544$8,664,308
X-17 Accounts payable and accrued expensesStart of year $38,219$33,369
X-18 Grants payableStart of year $225,834$441,200
X-24 Unsecured notes and loans payableStart of year $57,000$0
X-25 Other liabilitiesStart of year $30,000$0
X-26 Total liabilitiesStart of year $351,053$474,569
X-27 Net assets without donor restrictionsStart of year $6,137,608$5,347,736
X-28 Net assets with donor restrictionsStart of year $3,390,883$2,842,003
X-32 Total net assets or fund balancesStart of year $9,528,491$8,189,739
X-33 Total liabilities and net assetsStart of year $9,879,544$8,664,308
Part XI · Reconciliation of net assets $8,189,739 net assets at year end
XI-1 Total revenue$1,393,270
XI-2 Total expenses$1,362,159
XI-3 Revenue less expenses$31,111
XI-4 Net assets at start of year$9,528,491
XI-5 Net unrealized gains (losses) on investments−$1,369,863
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,189,739

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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