EDUCATION IS FREEDOM FOUNDATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
EDUCATION IS FREEDOM FOUNDATION (EIN 04-3643313)
Tax period
2021-08-01 to 2022-07-31
Filed
2023-06-15
IRS object ID
202311669349300741
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-06-15T11:44:25-04:00ReturnTs
Tax Period End2022-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752116188PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Emma S Walker CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11009 Henderson StreetAddressLine1Txt
CityFort WorthCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043643313EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EDUCATION IS FREEDOM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEDUCBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11111 W MOCKINGBIRD LANE STE 1300BAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75247ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMarcia PagePersonNm
Person TitlePresident CEOPersonTitleTxt
Phone2146930673PhoneNum
Signature2023-06-15SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMarciaPersonFirstNm
Person LastPagePersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEmma S WalkerPreparerPersonNm
PTINP01203651PTIN
Phone8173323049PhoneNum
Preparation2023-06-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification11OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$3,456,836GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.EDUCATIONISFREEDOM.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionEIF IS A NONPROFIT ORGANIZATION DEDICATED TO PROVIDING COMPREHENSIVE COLLEGE PLANNING SERVICES AND PRODUCING LIFE CHANGING RESULTS FOR STUDENTS AND FAMILIES.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee144TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,298,479PYContributionsGrantsAmt
CY Contributions Grants$1,085,108CYContributionsGrantsAmt
PY Program Service Revenue$2,261,251PYProgramServiceRevenueAmt
CY Program Service Revenue$2,371,008CYProgramServiceRevenueAmt
PY Investment Income$4,304PYInvestmentIncomeAmt
CY Investment Income$720CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,564,034PYTotalRevenueAmt
CY Total Revenue$3,456,836CYTotalRevenueAmt
PY Grants And Similar Paid$38,400PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$88,344CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,383,616PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,470,489CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$146,809CYTotalFundraisingExpenseAmt
PY Other Expenses$599,342PYOtherExpensesAmt
CY Other Expenses$715,750CYOtherExpensesAmt
PY Total Expenses$3,021,358PYTotalExpensesAmt
CY Total Expenses$3,274,583CYTotalExpensesAmt
PY Revenues Less Expenses$542,676PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$182,253CYRevenuesLessExpensesAmt
Total Assets BOY$1,800,770TotalAssetsBOYAmt
Total Assets EOY$1,588,177TotalAssetsEOYAmt
Total Liabilities BOY$495,483TotalLiabilitiesBOYAmt
Total Liabilities EOY$100,638TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,305,287NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,487,539NetAssetsOrFundBalancesEOYAmt
MissionEIF IS A NONPROFIT ORGANIZATION DEDICATED TO PROVIDING COMPREHENSIVE COLLEGE PLANNING SERVICES AND PRODUCING LIFE CHANGING RESULTS FOR STUDENTS AND FAMILIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,499,316ExpenseAmt
DescHIGH SCHOOL PROGRAM: Education is Freedom (EIF) places Higher Education Advisors in traditionally underserved high schools to assist students with college, career, and life readiness. EIF advisors have their own classroom and are equipped to provide expert knowledge to assist students with post-secondary preparatory activities (applications for college admission, financial aid, military, workforce readiness, and more). In 2021-2022, EIF had advisors in 35 high schools across Dallas, Austin, Grand Prairie, Elgin, and Pflugerville ISDs.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$263,929ExpenseAmt
DescINTERN PROGRAM: Education is Freedom designs and implements Dallas Works Program (DWP), the annual Dallas Mayors Summer Youth Employment Program.DWP includes eight-week, paid summer internship programs which introduces students (16-24) from the city of Dallas public and charter schools to future career opportunities in industries where they have expressed interest. In 2022, the DW intern program supported 1,261 of Dallas youth working in summer jobs and internships.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescOTHER PROGRAM SERVICES: Education is Freedoms other services include but are not limited to a partnership with My Brothers Keeper in Austin,Texas, EIF Scholars and Evening with the Stars scholarship celebration, EIF mobile and community outreach; and virtual Master Classes and Tuesday Talks for students, families, and suporters of EIF.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,763,245TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee144EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMarcia PagePersonNm
Phone2146930673PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11111 W Mockingbird Lane Suite 1300BAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75247ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerInd
MARCIA PAGE
PRESIDENT & CEO40.000.00Yes (X)$244,271$0$0
WALTER SMITH
CHIEF OPERATING OFFICER40.000.00Yes (X)$115,058$0$0
MATTHEW RANDAZZON
DIRECTOR1.000.00$0$0$0Yes (X)
ROYCE WEST
DIRECTOR1.000.00$0$0$0Yes (X)
SANDI KARRMANN
DIRECTOR1.000.00$0$0$0Yes (X)
TODD WILLIAMS
DIRECTOR1.000.00$0$0$0Yes (X)
SCOTT BEASLEY
DIRECTOR1.000.00$0$0$0Yes (X)
DREXELL OWUSU
DIRECTOR1.000.00$0$0$0Yes (X)
PATRICK BRANDT
DIRECTOR1.000.00$0$0$0Yes (X)
DAVID BIEGLER
DIRECTOR1.000.00$0$0$0Yes (X)
JAMES KEYES
DIRECTOR1.000.00$0$0$0Yes (X)
MAVIS KNIGHT
DIRECTOR1.000.00$0$0$0Yes (X)
AL BRU
DIRECTOR1.000.00$0$0$0Yes (X)
MARK OKADA
CHAIRMAN2.000.00$0$0$0Yes (X)Yes (X)
RAFAEL ANCHIA
SECRETARY1.000.00$0$0$0Yes (X)Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$359,329TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$360,100GovernmentGrantsAmt
All Other Contributions$725,008AllOtherContributionsAmt
Noncash Contributions$227,888NoncashContributionsAmt
Total Contributions$1,085,108TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSchool Based Service2Desc
Business900099BusinessCd
Total Revenue Column$2,371,008TotalRevenueColumnAmt
Related Or Exempt Func Income$2,371,008RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,371,008TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$720TotalRevenueColumnAmt
Related Or Exempt Func Income$720RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,456,836TotalRevenueColumnAmt
Related Or Exempt Func Income$2,371,728RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$88,344TotalAmt
Program Services$88,344ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,032,577TotalAmt
Program Services$1,711,062ProgramServicesAmt
Management And General$223,945ManagementAndGeneralAmt
Fundraising$97,570FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$300,159TotalAmt
Program Services$275,563ProgramServicesAmt
Management And General$17,132ManagementAndGeneralAmt
Fundraising$7,464FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$137,753TotalAmt
Program Services$130,896ProgramServicesAmt
Management And General$6,857ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$14,463TotalAmt
Program Services$2,279ProgramServicesAmt
Management And General$12,184ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$127,108TotalAmt
Program Services$120,753ProgramServicesAmt
Management And General$6,355ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$52,389TotalAmt
Program Services$42,019ProgramServicesAmt
Management And General$10,370ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$227,888TotalAmt
Program Services$227,888ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$50,919TotalAmt
Program Services$50,919ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,600TotalAmt
Program Services$7,600ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$28,555TotalAmt
Program Services$28,399ProgramServicesAmt
Management And General$156ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM ACTIVITIES$19,263$19,263
CONTRACTED SERVICES$187,565$58,260$87,530$41,775

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,274,583TotalAmt
Program Services$2,763,245ProgramServicesAmt
Management And General$364,529ManagementAndGeneralAmt
Fundraising$146,809FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,419,253BOYAmt
EOY$1,326,047EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$189,130BOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$116,717BOYAmt
EOY$157,842EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,702BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$8,690BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$38,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$15,871LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$27,402BOYAmt
EOY$22,129EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$37,876BOYAmt
EOY$38,197EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$43,962EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,800,770BOYAmt
EOY$1,588,177EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$43,825BOYAmt
EOY$31,860EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$451,658BOYAmt
EOY$68,778EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$495,483BOYAmt
EOY$100,638EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,162,254BOYAmt
EOY$1,010,718EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$143,033BOYAmt
EOY$476,821EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,305,287BOYAmt
EOY$1,487,539EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,800,770BOYAmt
EOY$1,588,177EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$182,253ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,167,822CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,047,911CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,100,321CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,559,730CurrentTaxYearMinus1YearAmt
Current Tax Year$3,456,115CurrentTaxYearAmt
Total$15,331,899TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,167,822CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,047,911CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,100,321CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,559,730CurrentTaxYearMinus1YearAmt
Current Tax Year$3,456,115CurrentTaxYearAmt
Total$15,331,899TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$186,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$355,600CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$87,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,000CurrentTaxYearMinus1YearAmt
Current Tax Year$70,000CurrentTaxYearAmt
Total$769,100TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$186,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$355,600CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$87,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,000CurrentTaxYearMinus1YearAmt
Current Tax Year$70,000CurrentTaxYearAmt
Total$769,100TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$14,562,799PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$357CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,975CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,667CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,304CurrentTaxYearMinus1YearAmt
Current Tax Year$720CurrentTaxYearAmt
Total$14,023TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$357CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,975CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,667CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,304CurrentTaxYearMinus1YearAmt
Current Tax Year$720CurrentTaxYearAmt
Total$14,023TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,168,179CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,051,886CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,104,988CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,564,034CurrentTaxYearMinus1YearAmt
Current Tax Year$3,456,835CurrentTaxYearAmt
Total$15,345,922TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.94900PublicSupportCY509Pct
Public Support PY5090.93620PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$38,000OtherCostOrOtherBasisAmt
Depreciation$15,871DepreciationAmt
Book Value$22,129BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$22,129TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescOther AssetsDesc
Book Value$43,962BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$43,962TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescAccrued Payroll and Related ExpenseDesc
Amt$68,778Amt
FieldValueIRS element (for citing)
Total Liability$68,778TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$3,456,836TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$3,456,836RevenueSubtotalAmt
Total Revenue Per Form990$3,456,836TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,274,583TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$3,274,583ExpensesSubtotalAmt
Total Expenses Per Form990$3,274,583TotalExpensesPerForm990Amt

Schedule G IRS990ScheduleG

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarshipsGrantTypeTxt
Recipient85RecipientCnt
Cash Grant$88,344CashGrantAmt
Valuation Method UsedCostValuationMethodUsedDesc

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMARCIA PAGEPersonNm
TitlePRESIDENT & CEOTitleTxt
Base Compensation Filing Org$198,385BaseCompensationFilingOrgAmt
Bonus Filing Organization$45,847BonusFilingOrganizationAmount
Other Compensation Filing Org$39OtherCompensationFilingOrgAmt
Total Compensation Filing Org$244,271TotalCompensationFilingOrgAmt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescRental SpaceDesc
Contribution12ContributionCnt
Noncash Contributions Rpt F990$227,888NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Committee meeting documentation Part VI line 8bThere are no such committees.
Form 990 governing body review Part VI line 11Upon completion, a copy of the 990 is provided to both the Organizations Controller as well as the President and CEO. The 990 is then forwarded to the Chairman of the Board of Directors for review and approval prior to filing the return with the Internal Revenue Service.
Conflict of interest policy compliance Part VI line 12cAnnual disclosure statements are not required. However what follows is an excerpt from the Organizations Conflict of Interest Policy:Persons Concerned: This statement is directed not only to Directors and Officers, but to all employees who can influence the actions of EIF. For example, this would include all who make purchasing decisions, all persons who might be described as Management Personnel, and anyone who has proprietary information concerning EIF.Disclossure Policy and Procedure: Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed:1. The conflicting interest is fully disclosed.2. The person with the conflict of interest is excluded from the discussion and approval of such transaction
CEO executive director top management comp Part VI line 15aCompensation comparisons are usually completed on an annual basis with salary information provided by the Local Center for Non-Profit Management. Salary reviews are completed for the entire staff and are intended to be aligned with comparable positions in other Local Non-Profit and Government Agencies. The CEOs salary is also reviewed and approved by the Board Chairman.
Form 990 availability to public Part VI line 18EIF makes available its annual report, Form 990 and Audited Financial Statements on the Organizations Website. The governing documents and conflict of interest policy are available upon request. EIF makes available its annual report, Form 990 and Audited Financials on thee Organization Website. The governing doccuments aand conflict of interest policy are available upon request.
Governing documents etc available to public Part VI line 19Upon completion, a copy of the 990 is provided to both the Organizations Controller as well as the President and CEO. The 990 is then forwarded to the Chairman of the Board of Directors for review and approval prior to filing the Return with the Internal Revenue Service.
Explanation of other changes in net assets or fund balances Part XI line 9The Organization qualifies for the Employee Retention Credit. Section 2301(a)of the CARES Act provides that a credit amount of qualified wages equals fifty percent per employee of the year. The qualified wages defined in section 2301(c)(5)(A) of the CARES Act were used to calculate a credit known as the employee retention credit. Wages paid from March 2020 thru July 31, 2020 as defined in Section 2301(e)reported in Part IX, Line 7 will be reduced by $212,752, the amount of the employee retention credit. As a result of the reduction in expenses in the amount of $212,752, Net Assets will also be impacted by the change.
General explanation attachmentPart IV Statements Regarding Other IRS Filings and Tax ComplianceLine 2a Number of Employees Reported 7.31.2022 Regular Employees 55 Summer Interns 89 Total 1447.31.2021Regular Employees 52Summer Interns 95Total 147

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