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← ARCHIE TONGE EDUCATION FUND

Form 990 for tax year 2024

Filed by ARCHIE TONGE EDUCATION FUND.

Totals

Total revenue
$1,224,855
Total expenses
$780,311
Contributions and grants received
$0
Grants paid
$501,935
Program service revenue
$0
Investment income
$1,220,199
Other revenue
$4,656
Total assets, end of year
$16,603,011
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$16,603,011
Program services expenses (Part IX)
$501,935
Management and general expenses
$278,376
Fundraising expenses
$0
Program service expenses (Part III)
$501,935

Program services were 64.3% 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.

  • 3 · Investment income

    total $627,302 · excluded $627,302

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $3,962,839

  • 7b · Less cost or other basis and sales expenses

    securities $3,369,942

  • 7c · Gain or loss

    securities $592,897

  • 7d · Net gain or loss

    total $592,897 · related or exempt $592,897

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous Revenue

    total $4,656 · excluded $4,656

  • 11e · Other revenue, total

    $4,656

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $501,935 · program services $501,935

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $47,893 · management and general $47,893

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $3,324 · management and general $3,324

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $6,190 · management and general $6,190

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $121,007 · management and general $121,007

  • 11g · Fees: other

    total $999 · management and general $999

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,861 · management and general $1,861

  • 14 · Information technology

    total $5,230 · management and general $5,230

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $58,045 · management and general $58,045

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,412 · management and general $1,412

  • 24a · Other expenses: Meetings

    total $22,419 · management and general $22,419

  • 24b · Other expenses: Foreign Tax

    total $5,993 · management and general $5,993

  • 24c · Other expenses: Storage

    total $2,569 · management and general $2,569

  • 24d · Other expenses: Telephone

    total $750 · management and general $750

  • 24e · All other expenses

    total $684 · management and general $684

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $139,732 · end of year $170,330

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $16,018,735 · end of year $16,432,681

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,158,467 · end of year $16,603,011

Mission and programs · 2024

Mission

TO PROVIDE GRANTS TO BENEFIT OR CARRY OUT THE PURPOSE OF THE SEVENTH DAY ADVENTIST CHURCH.

  • GRANTS ALLOCATED TO CHARITABLE ORGANIZATIONS IN FURTHERANCE OF EXEMPT PURPOSE OF THE ENTITY. SEE GRANT DETAIL FOR LIST OF ORGANIZATIONS.

    Expenses $501,935 · Grants $501,935

As filed on the 2024 return.

Listed in Part VII

  • Mayra Thompson

    Director

    Total calculated
    $90,020
    From this org
    $600
    From related orgs
    $22,874
    Other
    $66,546
    Hours/week
    1 + 40 related

  • Larry M Ballew

    CEO

    Total calculated
    $41,642
    From this org
    $41,642
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Larry Pressley

    Chairperson

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jennifer Zinke

    President

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Margaret Tonge Klammer

    Director

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kathleen Tonge

    Director

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Judith Jones Coyle

    Director

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ian Johnson

    Secretary/Treas

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • Central Ca Conf of Seventh Day Adventist

    501(c)(3) · Religeous Institution · CA

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503169349309185

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