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← FUNDAMENTAL LITERACY FOUNDATION

Form 990 for tax year 2022

Filed by FUNDAMENTAL LITERACY FOUNDATION.

Totals

Total revenue
$2,115,637
Total expenses
$12,767,270
Contributions and grants received
$1,942,936
Grants paid
$12,684,093
Program service revenue
$0
Investment income
$172,701
Other revenue
$0
Total assets, end of year
$9,305,490
Total liabilities, end of year
$51,742
Net assets or fund balances, end of year
$9,253,748
Program services expenses (Part IX)
$12,684,093
Management and general expenses
$3,259
Fundraising expenses
$79,918
Program service expenses (Part III)
$12,684,093

Program services were 99.3% 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

    $1,942,936

  • 1g · Noncash contributions included above

    $5,135

  • 3 · Investment income

    total $172,701 · excluded $172,701

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,684,093 · program services $12,684,093

  • 11g · Fees: other

    total $81,310 · management and general $1,392 · fundraising $79,918

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,704 · management and general $1,704

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $163 · management and general $163

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,638,468 · end of year $5,860,608

  • 3 · Pledges and grants receivable

    beginning of year $6,880,984 · end of year $2,028,352

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

    $1,416,530

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,401,780 · end of year $1,416,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,851 · end of year $51,742

  • 27 · Net assets without donor restrictions

    beginning of year $2,341,186 · end of year $2,994,088

  • 28 · Net assets with donor restrictions

    beginning of year $17,564,195 · end of year $6,259,660

Mission and programs · 2022

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 $12,684,093 · Grants $12,684,093

As filed on the 2022 return.

Listed in Part VII

  • GRETCHEN ANDEEL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • 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

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JEANINE PHILLIPS

    EXECUTIVE DIRECTOR

    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
2022
Filed
29 February 2024
IRS schema version
2022v5.0
Source object
202410609349301201

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