Form 990 for tax year 2023
Filed by PUBLIC EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $336,074
- Total expenses
- $418,071
- Contributions and grants received
- $306,869
- Grants paid
- $228,790
- Program service revenue
- $0
- Investment income
- $40,550
- Other revenue
- -$11,345
- Total assets, end of year
- $3,007,812
- Total liabilities, end of year
- $69,075
- Net assets or fund balances, end of year
- $2,938,737
- Program services expenses (Part IX)
- $291,915
- Management and general expenses
- $102,645
- Fundraising expenses
- $23,511
- Program service expenses (Part III)
- $291,915
Program services were 69.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$40,612
-
1f · All other contributions, gifts and grants
$266,257
-
1g · Noncash contributions included above
$5,000
-
3 · Investment income
total $45,845 · excluded $45,845
-
7a · Gross sales of assets other than inventory
securities $253,728
-
7b · Less cost or other basis and sales expenses
securities $259,023
-
7c · Gain or loss
securities -$5,295
-
7d · Net gain or loss
total -$5,295 · excluded -$5,295
-
8a · Fundraising events: gross income
$16,178
-
8a · Fundraising events: contributions included on line 1c
$40,612
-
8b · Fundraising events: direct expenses
$29,042
-
8c · Net income from fundraising events
total -$12,864 · excluded -$12,864
-
11a · Other revenue: INDIANA EDUCATION LICE
total $1,519 · related or exempt $1,519
-
11e · Other revenue, total
$1,519
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $228,790 · program services $228,790
-
5 · Compensation of officers, directors and key employees
total $36,343 · program services $18,172 · management and general $9,086 · fundraising $9,085
-
7 · Other salaries and wages
total $67,289 · program services $40,373 · management and general $13,458 · fundraising $13,458
-
10 · Payroll taxes
total $4,841 · program services $2,905 · management and general $968 · fundraising $968
-
11c · Fees: accounting
total $29,250 · management and general $29,250
-
11f · Fees: investment management
total $9,582 · management and general $9,582
-
12 · Advertising and promotion
total $12,168 · management and general $12,168
-
13 · Office expenses
total $3,492 · program services $1,675 · management and general $1,817
-
22 · Depreciation, depletion and amortization
total $325 · management and general $325
-
23 · Insurance
total $3,050 · management and general $3,050
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $15,331 · management and general $15,331
-
24b · Other expenses: PROFESSIONAL DEVELOPMEN
total $4,886 · management and general $4,886
-
24c · Other expenses: MISCELLANEOUS
total $2,724 · management and general $2,724
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $281,436 · end of year $239,308
-
2 · Savings and temporary cash investments
beginning of year $54,669 · end of year $57,884
-
3 · Pledges and grants receivable
beginning of year $23,906 · end of year $10,000
-
4 · Accounts receivable
beginning of year $353 · end of year $5,208
-
9 · Prepaid expenses and deferred charges
beginning of year $11,878 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,624
-
10b · Land, buildings and equipment: accumulated depreciation
$1,272
-
10c · Land, buildings and equipment, net
beginning of year $676 · end of year $352
-
11 · Investments: publicly traded securities
beginning of year $1,765,219 · end of year $1,913,661
-
15 · Other assets
beginning of year $729,091 · end of year $781,399
-
17 · Accounts payable and accrued expenses
beginning of year $103,119 · end of year $69,075
-
27 · Net assets without donor restrictions
beginning of year $1,088,288 · end of year $1,136,307
-
28 · Net assets with donor restrictions
beginning of year $1,675,821 · end of year $1,802,430
Mission and programs · 2023
Mission
THE PUBLIC EDUCATION FOUNDATION ADVOCATES, PROMOTES AND FUNDS INITIATIVES TO ENRICH LEARNING EXPERIENCES FOR THE STUDENTS AND STAFF OF SOUTH BEND COMMUNITY SCHOOL CORPORATION.
Activities or mission (Part I)
TO PROMOTE AND FUND INITIATIVES TO ENRICH LEARNING EXPERIENCES FOR THE STUDENTS AND STAFF OF THE SOUTH BEND COMMUNITY SCHOOL CORPORATION.
-
THE FOUNDATION SUPPORTS THE SOUTH BEND COMMUNITY SCHOOL CORPORATION THROUGH GRANT ACTIVITY.
Expenses $103,192 · Grants $103,192
-
THE FOUNDATION FUNDS TEACHER GRANTS AND PRINCIPAL GRANTS ANNUALLY, FOR INNOVATIVE CLASSROOM AND PROFESSIONAL DEVELOPMENT PROJECTS, THROUGH THE COMPETITIVE TEACHER AND PRINCIPAL GRANT PROCESS. TEACHERS AND PRINCIPALS SUBMIT COMPLETED APPLICATIONS BY THE SPRING DEADLINE.
Expenses $90,098 · Grants $90,098
-
Expenses $98,625 · Grants $35,500
As filed on the 2023 return.
Listed in Part VII
-
Charlotte WalterhouseCHARLOTTE WALTERHOUSE
OPERATIONS MANAGER
- Total calculated
- $61,847
- From this org
- $60,227
- From related orgs
- $0
- Other
- $1,620
- Hours/week
- 40
-
Clayton BillCLAYTON BILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wilbur BoggsWILBUR BOGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony ByrdANTHONY BYRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hope Smith Davis DrHOPE SMITH DAVIS DR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Loretta FrankLORETTA FRANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Latorya GreeneLATORYA GREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tammy HardwoodTAMMY HARDWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenifer HeneckeJENIFER HENECKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anna MilliganANNA MILLIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rudy MonterrosaRUDY MONTERROSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy RompolaRANDY ROMPOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy SaundersNANCY SAUNDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Glenda WilliamsGLENDA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aviva WulfsohnAVIVA WULFSOHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne FefermanANNE FEFERMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Sharon JonesSHARON JONES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Miguel SalazarMIGUEL SALAZAR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Julie CurtisJULIE CURTIS
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
SOUTH BEND COMMUNITY SCHOOL CORPORATION
$193,290
PRIMARY SCHOOL READING PROGRAMS, TEACHER GRANTS AND HIGH SCHOOL TUTORING
-
$30,000
TCU SPONSORSHIP OF THE SOUTH BEND ALUMNI ASSOCIATION HALL OF FAME
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521329349301027
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