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Nonprofiteer
← FUNDAMENTAL LITERACY FOUNDATION

Form 990 for tax year 2024

Filed by FUNDAMENTAL LITERACY FOUNDATION.

Totals

Total revenue
$269,361
Total expenses
$246,907
Contributions and grants received
$21,467
Grants paid
$157,891
Program service revenue
$0
Investment income
$247,894
Other revenue
$0
Total assets, end of year
$8,923,073
Total liabilities, end of year
$87,354
Net assets or fund balances, end of year
$8,835,719
Program services expenses (Part IX)
$157,891
Management and general expenses
$82,204
Fundraising expenses
$6,812
Program service expenses (Part III)
$157,891

Program services were 63.9% 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.

  • 1f · All other contributions, gifts and grants

    $21,467

  • 3 · Investment income

    total $247,894 · excluded $247,894

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $157,891 · program services $157,891

  • 11f · Fees: investment management

    total $27,744 · management and general $27,744

  • 11g · Fees: other

    total $1,230 · management and general $1,230

  • 16 · Occupancy

    total $11,000 · management and general $11,000

  • 22 · Depreciation, depletion and amortization

    total $41,945 · management and general $41,945

  • 24a · Other expenses: BAD DEBT

    total $6,750 · fundraising $6,750

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $347 · management and general $285 · fundraising $62

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,724,350 · end of year $6,058,392

  • 3 · Pledges and grants receivable

    beginning of year $1,139,944 · end of year $561,089

  • 10a · Land, buildings and equipment: cost or other basis

    $2,345,537

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,945

  • 10c · Land, buildings and equipment, net

    beginning of year $2,051,106 · end of year $2,303,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,135 · end of year $87,354

  • 27 · Net assets without donor restrictions

    beginning of year $3,719,562 · end of year $4,582,801

  • 28 · Net assets with donor restrictions

    beginning of year $5,093,703 · end of year $4,252,918

Mission and programs · 2024

Mission

FUNDAMENTAL LITERACY FOUNDATION SUPPORTS THE MISSION OF PHILLIPS FUNDAMENTAL LEARNING CENTER, INC. (PFLC), BY PROVIDING FINANCIAL AND OTHER RESOURCES TO PFLC FROM TIME TO TIME.

Activities or mission (Part I)

PROVIDE INTERESTED PERSONS THE ABILITY TO SUPPORT THE PHILLIPS FUNDAMENTAL LEARNING CENTER.

  • THE FOUNDATION PROVIDES SUPPORT TO PHILLIPS FUNDAMENTAL LEARNING CENTER, INC. SO THAT IT COULD BETTER SERVE ITS CONSTITUENTS.

    Expenses $157,891 · Grants $157,891

As filed on the 2024 return.

Listed in Part VII

  • Roger D Lowe

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Kim Packebush

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dee Rolph

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cody Rolph

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marietta Wetzel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Pickert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeanine Phillips

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 30 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.

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
10 March 2026
IRS schema version
2024v5.5
Source object
202640719349300649

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