LAST MILE EDUCATION FUND: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAST MILE EDUCATION FUND (EIN 88-0762233)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-02-06
IRS object ID
202620379349301237
Schema version
2024v5.5
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)
Return2026-02-06T12:43:20-06:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN934792291PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SORREN INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11120 S RACKHAM WAY SUITE 100AddressLine1Txt
CityMERIDIANCityNm
State AbbreviationIDStateAbbreviationCd
ZIP83642ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN880762233EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAST MILE EDUCATION FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLASTBusinessNameControlTxt
Phone7208814001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12770 ARAPAHOE RDAddressLine1Txt
CityLAFAYETTECityNm
State AbbreviationCOStateAbbreviationCd
ZIP80026ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCAROLINE ESMURDOCPersonNm
Person TitleCHIEF OPERATING OFFICERPersonTitleTxt
Phone7208814001PhoneNum
Signature2026-02-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARGARET FLOWERSPreparerPersonNm
PTINP00748716PTIN
Phone2083338965PhoneNum
Preparation2026-01-28PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCAROLINE ESMURDOCPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12770 ARAPAHOE RDAddressLine1Txt
CityLAFAYETTECityNm
State AbbreviationCOStateAbbreviationCd
ZIP80026ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,562,457GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://WWW.LASTMILE-ED.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2021FormationYr
Legal Domicile StateCOLegalDomicileStateCd
Activity Or MissionLAST MILE EDUCATION FUND OFFERS A DISRUPTIVE APPROACH TO INCREASING DIVERSITY IN TECHNOLOGY AND ENGINEERING FIELDS BY ADDRESSING CRITICAL GAPS IN FINANCIAL SUPPORT FOR LOW-INCOME UNDERREPRESENTED STUDENTS WITHIN FOUR SEMESTERS OF GRADUATION.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,013,655PYContributionsGrantsAmt
CY Contributions Grants$3,145,773CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$325,413PYInvestmentIncomeAmt
CY Investment Income$416,684CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$7,339,068PYTotalRevenueAmt
CY Total Revenue$3,562,457CYTotalRevenueAmt
PY Grants And Similar Paid$3,633,976PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,803,465CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,777,880PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,988,204CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$264,890CYTotalFundraisingExpenseAmt
PY Other Expenses$891,383PYOtherExpensesAmt
CY Other Expenses$1,072,493CYOtherExpensesAmt
PY Total Expenses$6,303,239PYTotalExpensesAmt
CY Total Expenses$7,864,162CYTotalExpensesAmt
PY Revenues Less Expenses$1,035,829PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$4,301,705CYRevenuesLessExpensesAmt
Total Assets BOY$20,064,288TotalAssetsBOYAmt
Total Assets EOY$15,822,661TotalAssetsEOYAmt
Total Liabilities BOY$105,369TotalLiabilitiesBOYAmt
Total Liabilities EOY$102,902TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$19,958,919NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,719,759NetAssetsOrFundBalancesEOYAmt
MissionLAST MILE EDUCATION FUND OFFERS A DISRUPTIVE APPROACH TO INCREASING DIVERSITY IN TECHNOLOGY AND ENGINEERING FIELDS BY ADDRESSING CRITICAL GAPS IN FINANCIAL SUPPORT FOR LOW-INCOME UNDERREPRESENTED STUDENTS WITHIN FOUR SEMESTERS OF GRADUATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,173,783ExpenseAmt
Grant$4,803,465GrantAmt
DescFUNDING FINANCIAL SUPPORT TO UNDERGRADUATES WHO DEMONSTRATE LOW-INCOME STATUS, ARE EXPERIENCING A FINANCIAL OBSTACLE, ARE CURRENTLY IN PURSUIT OF A COMPUTING-RELATED DEGREE, ARE AT AN ACCREDITED FOUR-YEAR INSTITUTION OF HIGHER EDUCATION IN THE U.S., AND TYPICALLY ARE WITHIN FOUR SEMESTERS OF DEGREE COMPLETION.Desc
Total Program Service Expenses$6,173,783TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document22IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee14EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOUND ADVICE CONSULTING SERVICES LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7208814001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 COOK STREET SUITE 100AddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80206ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHELE MATTHEWS
CHAIRMAN3.00Yes (X)Yes (X)$0$0$0
ERIKA DECKER
TREASURER1.00Yes (X)Yes (X)$0$0$0
LEAH READ
SECRETARY1.00Yes (X)Yes (X)$0$0$0
ALLEN WILLIAMS
BOARD MEMBER1.00Yes (X)$0$0$0
JESSICA OROZCO
BOARD MEMBER1.00Yes (X)$0$0$0
SHELLY MORALES
BOARD MEMBER1.00Yes (X)$0$0$0
MICHAEL CAMPBELL
BOARD MEMBER1.00Yes (X)$0$0$0
RIAN WALKER
BOARD MEMBER1.00Yes (X)$0$0$0
SARAH LEE
BOARD MEMBER1.00Yes (X)$0$0$0
RUTHE FARMER
PRESIDENT / CEO40.00Yes (X)Yes (X)$214,533$0$23,078
FieldValueIRS element (for citing)
Total Reportable Comp From Org$214,533TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$23,078TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$3,145,773AllOtherContributionsAmt
Noncash Contributions$125,257NoncashContributionsAmt
Total Contributions$3,145,773TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$416,684TotalRevenueColumnAmt
Exclusion$416,684ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,562,457TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$416,684ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$4,803,465TotalAmt
Program Services$4,803,465ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$320,991TotalAmt
Program Services$170,375ProgramServicesAmt
Management And General$114,434ManagementAndGeneralAmt
Fundraising$36,182FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,324,935TotalAmt
Program Services$703,246ProgramServicesAmt
Management And General$472,342ManagementAndGeneralAmt
Fundraising$149,347FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$71,926TotalAmt
Program Services$38,176ProgramServicesAmt
Management And General$25,642ManagementAndGeneralAmt
Fundraising$8,108FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$135,069TotalAmt
Program Services$71,692ProgramServicesAmt
Management And General$48,152ManagementAndGeneralAmt
Fundraising$15,225FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$135,283TotalAmt
Program Services$71,805ProgramServicesAmt
Management And General$48,229ManagementAndGeneralAmt
Fundraising$15,249FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$65,772TotalAmt
Management And General$65,772ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$25,772TotalAmt
Management And General$25,772ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$130,375TotalAmt
Management And General$130,375ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$500,111TotalAmt
Program Services$231,571ProgramServicesAmt
Management And General$243,345ManagementAndGeneralAmt
Fundraising$25,195FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,991TotalAmt
Program Services$295ProgramServicesAmt
Management And General$1,696ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$164,336TotalAmt
Program Services$55,020ProgramServicesAmt
Management And General$107,629ManagementAndGeneralAmt
Fundraising$1,687FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$57,836TotalAmt
Program Services$20,602ProgramServicesAmt
Management And General$23,745ManagementAndGeneralAmt
Fundraising$13,489FundraisingAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescOTHERDesc
Total$126,300TotalAmt
Program Services$7,536ProgramServicesAmt
Management And General$118,356ManagementAndGeneralAmt
Fundraising$408FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,864,162TotalAmt
Program Services$6,173,783ProgramServicesAmt
Management And General$1,425,489ManagementAndGeneralAmt
Fundraising$264,890FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,870,669BOYAmt
EOY$178,920EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,489,060BOYAmt
EOY$12,568,564EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,343,339BOYAmt
EOY$2,462,420EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$46,727BOYAmt
EOY$70,757EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,314,493BOYAmt
EOY$542,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,064,288BOYAmt
EOY$15,822,661EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$105,369BOYAmt
EOY$102,902EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$105,369BOYAmt
EOY$102,902EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,429,402BOYAmt
EOY$5,648,093EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,529,517BOYAmt
EOY$10,071,666EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$19,958,919BOYAmt
EOY$15,719,759EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,064,288BOYAmt
EOY$15,822,661EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$4,301,705ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$11,940NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments$50,605PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,784,692CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,331,546CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,013,655CurrentTaxYearMinus1YearAmt
Current Tax Year$3,145,773CurrentTaxYearAmt
Total$33,275,666TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,784,692CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,331,546CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,013,655CurrentTaxYearMinus1YearAmt
Current Tax Year$3,145,773CurrentTaxYearAmt
Total$33,275,666TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$14,564,932SubstantialContributorsTotAmt
Public Support Total170$18,710,734PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$71,172CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$325,413CurrentTaxYearMinus1YearAmt
Current Tax Year$416,684CurrentTaxYearAmt
Total$813,269TotalAmt
FieldValueIRS element (for citing)
Total Support$34,088,935TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

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

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,574,397TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$11,940NetUnrealizedGainsInvstAmt
Revenue Not Reported$11,940RevenueNotReportedAmt
Revenue Subtotal$3,562,457RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,562,457TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,864,162TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$7,864,162ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,864,162TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THAT POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2025. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2021.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeAWARDS AND OTHER ASSISTANCEGrantTypeTxt
Recipient4103RecipientCnt
Cash Grant$4,678,208CashGrantAmt
Non Cash Assistance$125,257NonCashAssistanceAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Non Cash AssistanceTHE LAST MILE EDUCATION FUND RECEIVED 348 REDEEMABLE CODES FOR LINKEDIN PREMIUM TO BE DISTRIBUTED TO STUDENTS, VALUED AT $299 PER CODE, TOTALING $104,052. ALL CODES WERE DISTRIBUTED TO STUDENTS DURING FY25. THE NUMBER OF LICENSES PROVIDED AND THE INDIVIDUAL FAIR MARKET VALUE OF EACH LICENSE WAS CONFIRMED BY MICROSOFT.NonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION MAINTAINS RECORDS FOR AND MONITORS THE USE OF AWARD FUNDS IN THE U.S.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonRUTHE FARMERPersonNm
TitlePRESIDENT / CEOTitleTxt
Base Compensation Filing Org$214,533BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$12,872DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$10,206NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$237,611TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescLICENSE CODES FOR LINKEDIN PREMIUMDesc
Contribution348ContributionCnt
Noncash Contributions Rpt F990$125,257NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationNUMBER OF INDIVIDUAL SHARES OR LICENSESExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 AND QUARTERLY FINANCIALS ARE PRESENTED TO THE BOARD, WHERE THEY HAVE AN OPPORTUNITY TO REVIEW TRENDS AND ASK QUESTIONS.
FORM 990, PART VI, SECTION B, LINE 15WE CONSULTED WITH A FRACTIONAL HR CONSULTANT WHO BENCHMARKED LAST MILE'S JOB DESCRIPTIONS AGAINST SIMILAR ROLES WITHIN THE INDUSTRY AND CREATED SALARY BANDS FOR LAST MILE'S STAFF, INCLUDING THE OFFICERS AND MANAGERS.
FORM 990, PART VI, SECTION C, LINE 19OUR GRANTMAKING POLICIES AND ELIGIBILITY REQUIREMENTS ARE AVAILABLE ON OUR WEBSITE TO THE PUBLIC. OUR INTERNAL POLICIES ARE NOT CURRENTLY MADE AVAILABLE.
FORM 990, PART XII, LINE 2C:THE PROCESS IS SAME AS PER PRIOR YEAR.

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