Fulfillment Fund FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1977Human ServicesEIN 95-3180934Revenue $3.5M in FY2021

On file with the IRSfulfillment.org1150 S Olive St Ste 2050, 90015-2799 · Los Angeles, CATax-exempt since Jun 1978Publicly supported charity — 170(b)(1)(A)(vi)

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Fulfillment Fund makes college a reality for students from economically and educationally underresourced communities. Through in-depth and individualized support, each year Fulfillment Fund helps thousands of first-generation, low-income students go to and complete college.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$593K 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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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
4 of 6
filings with a surplus
Average surplus $839K a year · 20% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$593K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
47
named funders · $2.3M
Looks good: 47 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$932K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
-15% vs prior year
Spent
$2.8M
To programs
72%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$3.5M
FY2021▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$3.5M
FY2022$6.5M
FY2023$3.7M
FY2024$3.7M
FY2025$3.9M
Expenses
$2.8M
FY2021▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$2.8M
FY2022$3.2M
FY2023$3.2M
FY2024$3.9M
FY2025$3.9M
Net assets
$2.5M
FY2021▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.5M
FY2022$5.8M
FY2023$6.4M
FY2024$6.4M
FY2025$6.4M

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

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You’re viewing the FY2021 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 Jun 1978.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $2.0M Management & general 9% · $245K Fundraising 20% · $553K

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

28 people listed on the 990; $593K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$234,611Pt VII · Sec A
$220,000Pt VII · Sec A
Vice President
$138,085Pt VII · Sec A
$0Pt VII · Sec A
Co-Founder
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Christine Joanne Uy Reyes’s $236K as Former - CEO is at the 95th percentile of top reported officer pay among 3869 $1–10M human services 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christine Joanne Uy Reyes$236,452$216,944$267,021$260,358$234,611$225,525
Allysunn Walker-Williams————$220,000$176,263
Jennifer Ocampo$184,583$156,526$161,990$134,134——
Rachel Livingston$182,474$155,731$166,226$139,349——
Elizabeth Zamudio————$138,085$122,760
Alison Meisel$122,732$116,078$114,048$108,981——
Daniel K Forkkio—————$120,423
John Kuhlmann$114,405$109,584$108,196———

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps under-resourced students achieve college dreams through personalized support.

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Provided by the organization

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2 programs · $2.0M · in their own filed words · FY2020
01

College Access Program

9TH - 12TH grade students attending fulfillment fund partner high school receive classroom-based instruction, intensive one-on-one college and financial aid counseling from master's level counselors, sat and act preparation, college site visits and experiential learning activities.

$1.1Mprogram expense
02

College Success Program

Fulfillment fund students matriculating to college are eligible to compete for fulfillment fund college scholarships, which not only provide financial assistance but are combined with counseling and advising support to provide academic, career and workforce readiness services so they can complete their degree and embark on a professional…

$935Kprogram 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
See all 47 funders →
Grants paid · 6 grants · $2.2M · 2019–2024
Unitemized GrantFY2024$588,500
Unitemized GrantFY2023$506,751
Unitemized GrantFY2022$274,400
Unitemized GrantFY2021$289,150
Unitemized GrantFY2020$254,650
Unitemized GrantFY2019$327,539

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$17K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.0M
Managementcol C$245K
Fundraisingcol D$553K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$3.4M
LiabilitiesLn 26$932K
PeoplePt VI, VII
28
listed · VII A
PaidVII A3
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$17K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$600
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$473K
Total assetsLn 16$3.4M
LiabilitiesLn 26$932K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 524
VolunteersI 6181
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 FY21End FY21
Cash and savingsLn 1–2$2.0M$2.9M
Land, buildings, equipmentLn 10c$13K$20K
Total assetsLn 16$2.6M$3.4M
LiabilitiesLn 26$822K$932K
Net assetsLn 32$1.8M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$255K$255K
Pay of current officers, directors and key staffLn 5$443K$320K$34K$89K
Other salaries and wagesLn 7$853K$646K$37K$171K
Other employee benefitsLn 9$243K$181K$11K$51K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$380K$211K$43K$126K
Advertising and promotionLn 12$16K$1K$347$14K
OccupancyLn 16$294K$209K$51K$35K
Conferences, conventions and meetingsLn 19$2K$1K$136$243
Depreciation, depletion and amortizationLn 22$7K$5K$1K$805
InsuranceLn 23$36K$26K$6K$4K
Other expenses (24a–d)Ln 24$178K$116K$18K$44K
All other expensesLn 24e$66K$39K$10K$18K
Total functional expensesLn 25$2.8M$2.0M$245K$553K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.9M$3.9M−$15K$6.4M 990 PDF
FY2024 $3.7M$3.9M−$162K$6.4M 990 PDF
FY2023 $3.7M$3.2M$559K$6.4M 990 PDF
FY2022 $6.5M$3.2M$3.3M$5.8M 990 PDF
FY2021 Viewing $3.5M$2.8M$684K$2.5M 990 PDF
FY2020 $4.1M$3.5M$660K$1.8M 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 $3,490,596 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,988,355$3,474,076
I-9 Program service revenuePrior year $142,322$16,520
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,130,677$3,490,596
I-13 Grants and similar amounts paidPrior year $327,539$254,650
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,120,432$1,538,890
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,022,303$1,013,061
I-18 Total expensesPrior year $3,470,274$2,806,601
I-19 Revenue less expensesPrior year $660,403$683,995
Part VI · Governance 23 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsYes
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 $3,490,596 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,474,076
VIII-1g Noncash contributions (included above)$5,384
VIII-1h Total contributions, gifts and grants$3,474,076
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,520$16,520
VIII-12 Total revenueRelated to mission $16,520 · Unrelated business $0 · Excluded from tax $0$3,490,596
Part IX · Statement of functional expenses $2,806,601 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $254,650$254,650
IX-5 Pay of current officers, directors and key staffPrograms $319,946 · Management $33,899 · Fundraising $89,071$442,916
IX-7 Other salaries and wagesPrograms $645,716 · Management $36,656 · Fundraising $170,625$852,997
IX-9 Other employee benefitsPrograms $181,179 · Management $10,579 · Fundraising $51,219$242,977
IX-11c Accounting feesManagement $33,600$33,600
IX-11g Other fees for servicesPrograms $210,704 · Management $43,037 · Fundraising $126,307$380,048
IX-12 Advertising and promotionPrograms $1,417 · Management $347 · Fundraising $14,214$15,978
IX-16 OccupancyPrograms $208,682 · Management $51,066 · Fundraising $34,725$294,473
IX-19 Conferences, conventions and meetingsPrograms $1,293 · Management $136 · Fundraising $243$1,672
IX-22 Depreciation, depletion and amortizationPrograms $4,829 · Management $1,184 · Fundraising $805$6,818
IX-23 InsurancePrograms $25,543 · Management $6,260 · Fundraising $4,257$36,060
IX-24 Other expenses (24a–d)Programs $116,090 · Management $18,209 · Fundraising $43,811$178,110
IX-24e All other expensesPrograms $38,706 · Management $9,629 · Fundraising $17,967$66,302
IX-25 Total functional expensesPrograms $2,008,755 · Management $244,602 · Fundraising $553,244$2,806,601
Part X · Balance sheet $3,433,505 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $600$600
X-2 Savings and temporary cash investmentsStart of year $1,974,208$2,869,076
X-3 Pledges and grants receivableStart of year $138,631$21,412
X-9 Prepaid expenses and deferred chargesStart of year $22,835$48,612
X-10c Land, buildings and equipment, netStart of year $12,610$20,339
X-15 Other assetsStart of year $476,908$473,466
X-16 Total assetsStart of year $2,625,792$3,433,505
X-17 Accounts payable and accrued expensesStart of year $469,410$295,223
X-24 Unsecured notes and loans payableStart of year $352,800$636,732
X-26 Total liabilitiesStart of year $822,210$931,955
X-27 Net assets without donor restrictionsStart of year $1,372,943$2,188,130
X-28 Net assets with donor restrictionsStart of year $430,639$313,420
X-32 Total net assets or fund balancesStart of year $1,803,582$2,501,550
X-33 Total liabilities and net assetsStart of year $2,625,792$3,433,505
Part XI · Reconciliation of net assets $2,501,550 net assets at year end
XI-1 Total revenue$3,490,596
XI-2 Total expenses$2,806,601
XI-3 Revenue less expenses$683,995
XI-4 Net assets at start of year$1,803,582
XI-9 Other changes in net assets$13,973
XI-10 Net assets at end of year$2,501,550

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

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