EDUCATION IS FREEDOM FOUNDATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
EDUCATION IS FREEDOM FOUNDATION (EIN 04-3643313)
Tax period
2019-08-01 to 2020-07-31
Filed
2021-12-06
IRS object ID
202103409349300745
Schema version
2019v5.1
Note
A later return for the same period supersedes this one.
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)
Return2021-12-06T15:54:39-05:00ReturnTs
Tax Period End2020-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752116188PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Emma S Walker P CBusinessNameLine1Txt

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 Begin2019-08-01TaxPeriodBeginDt

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 LANEAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75247ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMarcia PagePersonNm
Person TitlePresidentCEOPersonTitleTxt
Phone2146930673PhoneNum
Signature2021-10-18SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEmma S WalkerPreparerPersonNm
PTINP01203651PTIN
Phone8173323049PhoneNum
Preparation2021-12-06PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Gross Receipts$3,104,988GrossReceiptsAmt
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 Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee68TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,039,604PYContributionsGrantsAmt
CY Contributions Grants$873,115CYContributionsGrantsAmt
PY Program Service Revenue$2,008,307PYProgramServiceRevenueAmt
CY Program Service Revenue$2,227,206CYProgramServiceRevenueAmt
PY Investment Income$3,975PYInvestmentIncomeAmt
CY Investment Income$4,667CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,051,886PYTotalRevenueAmt
CY Total Revenue$3,104,988CYTotalRevenueAmt
PY Grants And Similar Paid$33,074PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$47,970CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,045,412PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,271,163CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$77,641CYTotalFundraisingExpenseAmt
PY Other Expenses$695,102PYOtherExpensesAmt
CY Other Expenses$692,072CYOtherExpensesAmt
PY Total Expenses$2,773,588PYTotalExpensesAmt
CY Total Expenses$3,011,205CYTotalExpensesAmt
PY Revenues Less Expenses$278,298PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$93,783CYRevenuesLessExpensesAmt
Total Assets BOY$1,206,072TotalAssetsBOYAmt
Total Assets EOY$1,478,255TotalAssetsEOYAmt
Total Liabilities BOY$135,475TotalLiabilitiesBOYAmt
Total Liabilities EOY$526,627TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,070,597NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$951,628NetAssetsOrFundBalancesEOYAmt
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$1,939,008ExpenseAmt
DescTHE HIGH SCHOOL PROGRAMS: On-campous Higher Education Advisors provide one-on-one interactive sessions as well as workshop to guide students through comprehensive college application, enrollment and financing processes. Students, totaling 120,102 in 20 Dallas Independent Schools and 5,808 in 5 Grand Prairie Independent Schools, have access to advisors daily during the school year. Over 21,000 college applications were completed. With this support, a college-going community is created among greatly under-served students who will most likely be the first in their families to go to college. EIF was awarded as one of the 10 Best College Access Organizations in the country by the Education Policy Institute. The National College Access Network gave EIF their Award of Excellence.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$277,762ExpenseAmt
DescTHE MAYORS INTERN FELLOWS PROGRAM: With this EIF-developed program, EIF partners with the Dallas Mayors office to provide paid 8 week summer internships with top companies and organizations to foster comprehensive job skills training and professional development. Three hundred ninety-five interns worked for 240 employers in the Dallas program. EIF also partnered with the Richardson Mayors office to inaugurate the intern program in that city with 92% of the Intern Partners stating that they were satisfied with the first-year program. Along with these internships, EIF has facilitated over 23,350 hours of workforce development training. The belief is that with career exposure, workforce readiness skills and post-secondary education, these students will become productive members of the workforce, and thus, the community.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$248,157ExpenseAmt
DescOTHER PROGRAM SERVICES: The organizations other programs consist of college persistence, the EIF Mobile, Workforce Development, Points of Light Serviceworks, and expansion of the high-school program to Grand Prairie, Austin, and Marshall.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,464,927TotalProgramServiceExpensesAmt
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee68EmployeeCnt
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 Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
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 PrsnfalseAnnualDisclosureCoveredPrsnInd
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)
PersonEmily FreemanPersonNm
Phone2146930673PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11111 W Mockingbird Lane Suite 1300BAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75247ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
MARK OKADA
CHAIRMAN2.000.00Yes (X)Yes (X)$0$0$0
RAFAEL ANCHIA
DIRECTOR1.000.00Yes (X)Yes (X)$0$0$0
DAVID BIEGLER
DIRECTOR1.000.00Yes (X)$0$0$0
PATRICK BRANDT
DIRECTOR1.000.00Yes (X)$0$0$0
JAMES KEYES
DIRECTOR1.000.00Yes (X)$0$0$0
AL BRU
DIRECTOR1.000.00Yes (X)$0$0$0
MAVIS KNIGHT
DIRECTOR1.000.00Yes (X)$0$0$0
DREXELL OWUSU
DIRECTOR1.000.00Yes (X)$0$0$0
ROYCE WEST
DIRECTOR1.000.00Yes (X)$0$0$0
MARCIA PAGE
PRESIDENT & CEO40.000.00Yes (X)$200,730$0$0Yes (X)
MATTHEW RANDAZZON
DIRECTOR1.000.00Yes (X)$0$0$0
Scott BEASLEY
DIRECTOR1.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$200,730TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$10,500FundraisingAmt
Government Grants$627,155GovernmentGrantsAmt
All Other Contributions$235,460AllOtherContributionsAmt
Noncash Contributions$235,460NoncashContributionsAmt
Total Contributions$873,115TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSchool Based ServicesDesc
Business900099BusinessCd
Total Revenue Column$2,227,206TotalRevenueColumnAmt
Related Or Exempt Func Income$2,227,206RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,227,206TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,667TotalRevenueColumnAmt
Related Or Exempt Func Income$4,667RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Contri Rpt Fundraising Event$10,500ContriRptFundraisingEventAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,104,988TotalRevenueColumnAmt
Related Or Exempt Func Income$2,231,873RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$47,970TotalAmt
Program Services$47,970ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,902,172TotalAmt
Program Services$1,661,175ProgramServicesAmt
Management And General$171,760ManagementAndGeneralAmt
Fundraising$69,237FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$368,991TotalAmt
Program Services$265,518ProgramServicesAmt
Management And General$100,476ManagementAndGeneralAmt
Fundraising$2,997FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$39,899TotalAmt
Program Services$23,362ProgramServicesAmt
Management And General$15,758ManagementAndGeneralAmt
Fundraising$779FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$86,474TotalAmt
Program Services$50,514ProgramServicesAmt
Management And General$35,960ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$203,795TotalAmt
Program Services$203,795ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$31,029TotalAmt
Program Services$27,184ProgramServicesAmt
Management And General$3,766ManagementAndGeneralAmt
Fundraising$79FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$8,792TotalAmt
Program Services$7,330ProgramServicesAmt
Management And General$785ManagementAndGeneralAmt
Fundraising$677FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$29,272TotalAmt
Program Services$16,470ProgramServicesAmt
Management And General$12,802ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM ACTIVITIES$55,357$53,355$2,002
FACILITY AND EQUIP EXPENSE$58,334$15,999$42,335
TELECOMMUNICATIONS$25,745$12,193$13,552
CONTRACTED SERVICES$80,703$58,923$18,270$3,510

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$72,672TotalAmt
Program Services$21,139ProgramServicesAmt
Management And General$51,171ManagementAndGeneralAmt
Fundraising$362FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,011,205TotalAmt
Program Services$2,464,927ProgramServicesAmt
Management And General$468,637ManagementAndGeneralAmt
Fundraising$77,641FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$771,019BOYAmt
EOY$918,704EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$100,283BOYAmt
EOY$100,283EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$108,935BOYAmt
EOY$190,029EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$183,457BOYAmt
EOY$190,270EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,137BOYAmt
EOY$4,802EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$533,994LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$493,471LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,639BOYAmt
EOY$40,523EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$30,602BOYAmt
EOY$33,644EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,206,072BOYAmt
EOY$1,478,255EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$35,478BOYAmt
EOY$73,164EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
EOY$360,100EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$99,997BOYAmt
EOY$93,363EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$135,475BOYAmt
EOY$526,627EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$547,977BOYAmt
EOY$633,178EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$522,620BOYAmt
EOY$318,450EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,070,597BOYAmt
EOY$951,628EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,206,072BOYAmt
EOY$1,478,255EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$93,783ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$212,752OtherChangesInNetAssetsAmt
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$2,163,305CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,155,545CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,167,822CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,047,911CurrentTaxYearMinus1YearAmt
Current Tax Year$3,100,321CurrentTaxYearAmt
Total$12,634,904TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,163,305CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,155,545CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,167,822CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,047,911CurrentTaxYearMinus1YearAmt
Current Tax Year$3,100,321CurrentTaxYearAmt
Total$12,634,904TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$30,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$186,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$355,600CurrentTaxYearMinus1YearAmt
Current Tax Year$87,500CurrentTaxYearAmt
Total$673,600TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$30,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$186,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$355,600CurrentTaxYearMinus1YearAmt
Current Tax Year$87,500CurrentTaxYearAmt
Total$673,600TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$11,961,304PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$44CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$197CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$357CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,975CurrentTaxYearMinus1YearAmt
Current Tax Year$4,667CurrentTaxYearAmt
Total$9,240TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$44CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$197CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$357CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,975CurrentTaxYearMinus1YearAmt
Current Tax Year$4,667CurrentTaxYearAmt
Total$9,240TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,163,349CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,155,742CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,168,179CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,051,886CurrentTaxYearMinus1YearAmt
Current Tax Year$3,104,988CurrentTaxYearAmt
Total$12,644,144TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.94600PublicSupportCY509Pct
Public Support PY5090.96610PublicSupportPY509Pct
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 C IRS990ScheduleC

FieldValueIRS element (for citing)
Form4720 Filed Section4955 TaxfalseForm4720FiledSection4955TaxInd
Correction MadefalseCorrectionMadeInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$445,074OtherCostOrOtherBasisAmt
Depreciation$404,551DepreciationAmt
Book Value$40,523BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$88,920OtherCostOrOtherBasisAmt
Depreciation$88,920DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$40,523TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Accrued Payroll and Related Expense$90,113
Scholarships Payable$3,250
FieldValueIRS element (for citing)
Total Liability$93,363TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$3,104,988TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$3,104,988RevenueSubtotalAmt
Total Revenue Per Form990$3,104,988TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,223,957TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$212,752OtherExpensesIncludedAmt
Expenses Not Reported$212,752ExpensesNotReportedAmt
Expenses Subtotal$3,011,205ExpensesSubtotalAmt
Total Expenses Per Form990$3,011,205TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceOther expenses not included on Form 990 (Part XII, line 2d)FormAndLineReferenceDesc
ExplanationProgram wages was decreased in the amount of $212,752. The reduction is due to claiming a Employee Reduction Credit. Section 2301(e)of the CARES Act allows an employer to reduce wages by the amount of the Employee Retention Credit.ExplanationTxt

Schedule G IRS990ScheduleG

Schedule I IRS990ScheduleI

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

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceMonitoring procedures (Part I, line 2)FormAndLineReferenceDesc
ExplanationThe Organization maintain files on each program participant to substantiate the amount, the eligibility and selection criteria. The documentation is reviewed and approved by management before any assistance is made.ExplanationTxt

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$195,000BaseCompensationFilingOrgAmt
Other Compensation Filing Org$5,730OtherCompensationFilingOrgAmt
Total Compensation Filing Org$200,730TotalCompensationFilingOrgAmt

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$235,460NoncashContributionsRptF990Amt
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
Amended return informationThe 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.
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.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.