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Nonprofiteer
← BOLD EDUCATION FUND INC

Form 990 for tax year 2024

Filed by BOLD EDUCATION FUND INC.

Totals

Total revenue
$2,141,683
Total expenses
$1,926,614
Contributions and grants received
$2,141,683
Grants paid
$200,184
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$802,388
Total liabilities, end of year
$34,677
Net assets or fund balances, end of year
$767,711
Program services expenses (Part IX)
$1,731,471
Management and general expenses
$195,143
Fundraising expenses
$0
Program service expenses (Part III)
$1,731,471

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TOM GENUNG

    TREASURER

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15 + 1 related
  • RICK POORE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • AMANDA MCKINNEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • JANE KLEEB

    EXECUTIVE DIRECTOR

    Total calculated
    $180,000
    From this org
    $132,000
    From related orgs
    $48,000
    Other
    $0
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $132,000 + $48,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $132,000 + $48,000 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, PART VII, SECTION A, LINE 5
THE ORGANIZATION CONTRACTS WITH AN OUTSOURCED ORGANIZATION TO PROVIDE EXECUTIVE DIRECTOR SERVICES. COMPENSATION REPORTED ON PART VII INCLUDES AMOUNTS PAID BY THE ORGANIZATION TO AN OUTSOURCED CORPORATION AND REPRESENTS COMPENSATION PAID BY AN UNRELATED ORGANIZATION. IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS, COMPENSATION PAID BY AN UNRELATED ORGANIZATION IS BEING INCLUDED ON PART VII, COLUMN D, AND REPORTED ON SCHEDULE J, IN ADDITION TO COMPENSATION PAID DIRECTLY TO THE EXECUTIVE DIRECTOR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349321892

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