Form 990 for tax year 2024
Filed by FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITY INC.
Totals
- Total revenue
- $1,713,771
- Total expenses
- $1,439,344
- Contributions and grants received
- $940,166
- Grants paid
- $0
- Program service revenue
- $681,726
- Investment income
- $84,829
- Other revenue
- $7,050
- Total assets, end of year
- $5,879,594
- Total liabilities, end of year
- $171,084
- Net assets or fund balances, end of year
- $5,708,510
- Program services expenses (Part IX)
- $1,439,344
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,439,344
Program services were 100.0% 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
$940,166
-
2a · Program service revenue: TUITION
total $681,726 · related or exempt $681,726
-
3 · Investment income
total $84,829 · excluded $84,829
-
11a · Other revenue: MISCELLANEOUS
total $5,548 · related or exempt $5,548
-
11b · Other revenue: STUDENT SCHOOL ACTIVITIES
total $1,502 · related or exempt $1,502
-
11e · Other revenue, total
$7,050
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $118,661 · program services $118,661
-
7 · Other salaries and wages
total $743,858 · program services $743,858
-
9 · Other employee benefits
total $23,085 · program services $23,085
-
10 · Payroll taxes
total $66,682 · program services $66,682
-
11c · Fees: accounting
total $48,078 · program services $48,078
-
12 · Advertising and promotion
total $144 · program services $144
-
13 · Office expenses
total $6,671 · program services $6,671
-
22 · Depreciation, depletion and amortization
total $80,430 · program services $80,430
-
23 · Insurance
total $16,568 · program services $16,568
-
24a · Other expenses: GRANTS AWARDED - SCHOOL Y
total $191,217 · program services $191,217
-
24b · Other expenses: UTILITIES
total $34,666 · program services $34,666
-
24c · Other expenses: DESIGNATED EXPENSES
total $27,598 · program services $27,598
-
24d · Other expenses: PTO EXPENSE
total $21,423 · program services $21,423
-
24e · All other expenses
total $60,263 · program services $60,263
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $66,728 · end of year $272,654
-
2 · Savings and temporary cash investments
beginning of year $2,039,808 · end of year $2,194,474
-
9 · Prepaid expenses and deferred charges
beginning of year $1,998 · end of year $1,405
-
10a · Land, buildings and equipment: cost or other basis
$4,022,983
-
10b · Land, buildings and equipment: accumulated depreciation
$716,940
-
10c · Land, buildings and equipment, net
beginning of year $3,370,759 · end of year $3,306,043
-
15 · Other assets
beginning of year $113,816 · end of year $105,018
-
17 · Accounts payable and accrued expenses
beginning of year $3,009 · end of year $3,766
-
19 · Deferred revenue
beginning of year $15,500 · end of year $15,500
-
25 · Other liabilities
beginning of year $141,138 · end of year $151,818
-
27 · Net assets without donor restrictions
beginning of year $5,419,335 · end of year $5,693,233
-
28 · Net assets with donor restrictions
beginning of year $14,127 · end of year $15,277
Mission and programs · 2024
Mission
DURING THE YEAR, STUDENTS WITH LEARNING DIABILITIES WERE GIVEN SPECIALIZED EDUCATIONAL OPPORTUNITIES AND TEST TO HELP THEM TO RETURN TO AND PERFORM WELL IN PUBLIC EDUCATIONAL SYSTEMS.
-
PROVIDE SPECIALIZED EDUCATIONAL OPPORTUNITIES AND TESTS TO STUDENTS WITH LEARNING DISABILITIES TO HELP THEM RETURN TO AND PERFORM WELL IN PUBLIC EDUCATIONAL SYSTEMS.
Expenses $1,439,344 · Revenue $1,713,771
As filed on the 2024 return.
Listed in Part VII
-
Jami VerderosaJAMI VERDEROSA
HEAD OF SCHO
- Total calculated
- $118,661
- From this org
- $118,661
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tammy BeachTAMMY BEACH
HEAD OF SCHO
- Total calculated
- $0
-
Bobby BlevinsBOBBY BLEVINS
DIRECTOR
- Total calculated
- $0
-
Nancy CookNANCY COOK
CHAIRMAN
- Total calculated
- $0
-
Thomas DoretyTHOMAS DORETY
VICE-CHAIRMA
- Total calculated
- $0
-
Joan GregoryJOAN GREGORY
DIRECTOR
- Total calculated
- $0
-
Barbara OverbayBARBARA OVERBAY
DIRECTOR
- Total calculated
- $0
-
Mark OverbayMARK OVERBAY
DIRECTOR
- Total calculated
- $0
-
Whitney PenningtonWHITNEY PENNINGTON
DIRECTOR
- Total calculated
- $0
-
Denise StanleyDENISE STANLEY
DIRECTOR
- Total calculated
- $0
-
Valerie StantonVALERIE STANTON
DIRECTOR
- Total calculated
- $0
-
Freddy SullivanFREDDY SULLIVAN
TREASURER
- Total calculated
- $0
-
Connie ThomasCONNIE THOMAS
DIRECTOR
- Total calculated
- $0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503019349300945
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