BETA

AD FONTES DUCATIONAL TRUST: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
AD FONTES DUCATIONAL TRUST (EIN 54-1780628)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202631359349316433
Schema version
2024v5.0
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)
Return2026-05-15T21:38:20-04:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521658535PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HUEY AND ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17201 WISCONSIN AVE STE 775AddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP20814ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541780628EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AD FONTES EDUCATIONAL TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlADFOBusinessNameControlTxt
Phone7036731145PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115452 ROUTE 29AddressLine1Txt
CityCENTREVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP201202127ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD LEEDPersonNm
Person TitleTREASURERPersonTitleTxt
Phone5716456690PhoneNum
Signature2026-05-15SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJONATHAN L NICHOLS CPAPreparerPersonNm
PTINP00292483PTIN
Phone3019513744PhoneNum
Preparation2026-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1AD FONTES ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerKAREN DOUGHERTYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line115452 ROUTE 29AddressLine1Txt
CityCENTREVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP20120ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,074,809GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ADFONTES.COMWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1995FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionTHE AD FONTES MISSION IS TO GLORIFY GOD BY ASSISTING CHRISTIAN PARENTS IN EQUIPPING THEIR CHILDREN TO BE SERVANT LEADERS THROUGH A CLASSICAL EDUCATION BASED ON ETERNAL BIBLICAL TRUTH.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee54TotalEmployeeCnt
Total Volunteers55TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$245,803PYContributionsGrantsAmt
CY Contributions Grants$249,253CYContributionsGrantsAmt
PY Program Service Revenue$2,668,318PYProgramServiceRevenueAmt
CY Program Service Revenue$2,694,279CYProgramServiceRevenueAmt
PY Investment Income$18PYInvestmentIncomeAmt
CY Investment Income$116,937CYInvestmentIncomeAmt
PY Other Revenue$409,094PYOtherRevenueAmt
CY Other Revenue$14,340CYOtherRevenueAmt
PY Total Revenue$3,323,233PYTotalRevenueAmt
CY Total Revenue$3,074,809CYTotalRevenueAmt
PY Grants And Similar Paid$437,018PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$435,155CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,627,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,754,574CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$44,337CYTotalFundraisingExpenseAmt
PY Other Expenses$780,328PYOtherExpensesAmt
CY Other Expenses$617,838CYOtherExpensesAmt
PY Total Expenses$2,844,346PYTotalExpensesAmt
CY Total Expenses$2,807,567CYTotalExpensesAmt
PY Revenues Less Expenses$478,887PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$267,242CYRevenuesLessExpensesAmt
Total Assets BOY$1,339,181TotalAssetsBOYAmt
Total Assets EOY$1,409,376TotalAssetsEOYAmt
Total Liabilities BOY$719,385TotalLiabilitiesBOYAmt
Total Liabilities EOY$522,044TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$619,796NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$887,332NetAssetsOrFundBalancesEOYAmt
MissionTHE AD FONTES MISSION IS TO GLORIFY GOD BY ASSISTING CHRISTIAN PARENTS IN EQUIPPING THEIR CHILDREN TO BE SERVANT LEADERS THROUGH A CLASSICAL EDUCATION BASED ON ETERNAL BIBLICAL TRUTH.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,558,884ExpenseAmt
Grant$435,155GrantAmt
Revenue$2,691,529RevenueAmt
DescSINCE 1996, AD FONTES EDUCATIONAL TRUST (AFET) HAS OPERATED AD FONTES ACADEMY WHICH IS A KINDERGARTEN THROUGH 12TH GRADE INDEPENDENT SCHOOL. THE SCHOOL IS AN ACCREDITED CLASSICAL CHRISTIAN SCHOOL THAT PROVIDES A FULL TIME ROBUST ACADEMIC PROGRAM IN A CHRIST-CENTERED COMMUNITY. AD FONTES ACADEMY ALSO PROVIDES OTHER EXTRACURRICULAR ACTIVITIES THROUGH VARIOUS CLUBS AND SPORTS TEAMS. DURING THE 2024-2025 ACADEMIC YEAR THE SCHOOL SERVED 166 STUDENTS.Desc
Total Program Service Expenses$2,558,884TotalProgramServiceExpensesAmt
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 LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
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 IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
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 ContrifalseDeductibleNonCashContriInd
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
Employee54EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
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 Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
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 AddressYes (true)OfficerMailingAddressInd
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 CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJULIE JEFFREYPersonNm
Phone7036731145PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115452 ROUTE 29AddressLine1Txt
CityCENTREVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP20120ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JOSH MCCROSKEY
FORMER HEAD40.00Yes (X)$62,500$0$0
KAREN DOUGHERTY
HEAD OF SCHO55.00$59,975$0$0Yes (X)
SANDRA BUSCHING
SECRETARY1.00Yes (X)$0$0$0Yes (X)
SAM COX
TRUSTEE1.00Yes (X)$0$0$0
MARK GOTTLIEB
TRUSTEE1.00Yes (X)$0$0$0
RICHARD LEED
TREASURER3.00Yes (X)$0$0$0Yes (X)
HAL LINDSEY
CHAIRMAN3.00Yes (X)$0$0$0Yes (X)
DAYLE PERCLE
TRUSTEE1.00Yes (X)$0$0$0
KYLE PERRY
VICE CHAIR3.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$122,475TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$249,253AllOtherContributionsAmt
Noncash Contributions$17,645NoncashContributionsAmt
Total Contributions$249,253TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611110$2,599,352$2,599,352
STUDENT ACTIVITY FEES611710$94,927$94,927
FieldValueIRS element (for citing)
Total Program Service Revenue$2,694,279TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$116,937TotalRevenueColumnAmt
Exclusion$116,937ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISC REVENUEDesc
Total Revenue Column$14,340TotalRevenueColumnAmt
Related Or Exempt Func Income$14,340RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$14,340OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,074,809TotalRevenueColumnAmt
Related Or Exempt Func Income$2,708,619RelatedOrExemptFuncIncomeAmt
Exclusion$116,937ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$435,155TotalAmt
Program Services$435,155ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$104,000TotalAmt
Program Services$46,800ProgramServicesAmt
Management And General$46,800ManagementAndGeneralAmt
Fundraising$10,400FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,478,697TotalAmt
Program Services$1,404,763ProgramServicesAmt
Management And General$66,541ManagementAndGeneralAmt
Fundraising$7,393FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$51,956TotalAmt
Program Services$49,358ProgramServicesAmt
Management And General$2,338ManagementAndGeneralAmt
Fundraising$260FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$119,921TotalAmt
Program Services$109,985ProgramServicesAmt
Management And General$8,588ManagementAndGeneralAmt
Fundraising$1,348FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,245TotalAmt
Management And General$2,245ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,120TotalAmt
Management And General$4,120ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$13,425TotalAmt
Program Services$13,425ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$154,540TotalAmt
Program Services$106,059ProgramServicesAmt
Management And General$32,857ManagementAndGeneralAmt
Fundraising$15,624FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$21,516TotalAmt
Management And General$21,516ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$193,956TotalAmt
Program Services$193,956ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,488TotalAmt
Program Services$4,488ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$64,223TotalAmt
Program Services$64,223ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$19,341TotalAmt
Management And General$19,341ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
SCHOOL EVENTS AND EXTRACU$61,763$61,763
CLASSROOM AND CURRICULUM$56,613$56,613
ASSOCIATION DUES AND AC$12,296$12,296
DEVELOPMENT$9,312$9,312

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,807,567TotalAmt
Program Services$2,558,884ProgramServicesAmt
Management And General$204,346ManagementAndGeneralAmt
Fundraising$44,337FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$148,052BOYAmt
EOY$626,560EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$412,338BOYAmt
EOY$22,370EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,430,837LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$674,221LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$771,982BOYAmt
EOY$756,616EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$6,809BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$3,830EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,339,181BOYAmt
EOY$1,409,376EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$145,743BOYAmt
EOY$13,083EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$321,508BOYAmt
EOY$341,613EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$252,134BOYAmt
EOY$167,348EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$719,385BOYAmt
EOY$522,044EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$619,796BOYAmt
EOY$887,332EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$619,796BOYAmt
EOY$887,332EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,339,181BOYAmt
EOY$1,409,376EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$267,242ReconcilationRevenueExpnssAmt
Prior Period Adjustments$294PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

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

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$660,761OtherCostOrOtherBasisAmt
Depreciation$163,125DepreciationAmt
Book Value$497,636BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$542,844OtherCostOrOtherBasisAmt
Depreciation$343,805DepreciationAmt
Book Value$199,039BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$41,957OtherCostOrOtherBasisAmt
Depreciation$41,957DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$696,675TotalBookValueLandBuildingsAmt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeTUITION ASSISTANCE/AIDGrantTypeTxt
Recipient93RecipientCnt
Non Cash Assistance$435,155NonCashAssistanceAmt
Valuation Method UsedTHIRD PARTValuationMethodUsedDesc
Non Cash AssistanceREDUCTION FROMNonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 4, PART IVFormAndLineReferenceDesc
Explanation(E) METHOD OF VALUATION: THIRD PARTY NEED BASED EVALUATION (F) REDUCTION FROM PUBLISHED TUITION RATESExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 9JOSH MCCROSKEY 15452 ROUTE 29 CENTREVILLLE, VA 20120
FORM 990, PAGE 6, PART VI, LINE 11B990 REVIEW (BY BOARD BEFORE FILING) - DESCRIPTION OF STEPS TAKEN I. ONCE THE 990 IS PREPARED, IT IS SENT ELECTRONICALLY TO ALL TRUSTEES. II. ALL TRUSTEES ARE RESPONSIBLE TO REVIEW THE FORM 990, TAKING THIS OPPORTUNITY TO PROVIDE THE ORGANIZATION WITH ESSENTIAL, HANDS-ON LEADERSHIP. III. THE TRUSTEES SEND WRITTEN COMMENTS REGARDING FORM 990 OR A SIMPLE STATEMENT OF APPROVAL TO THE BOARD TREASURER. IV. THE TREASURER SENDS COPIES OF ALL COMMUNICATION FROM THE TRUSTEES TO THE BUSINESS MANAGER. THESE COPIES ARE RETAINED WITH THE ORGANIZATION'S COPY OF THE FORM 990.
FORM 990, PAGE 6, PART VI, LINE 12CCONFLICT OF INTEREST POLICY - DESCRIPTION OF COMPLIANCE MONITORING THE AFET BY-LAWS AND CONFLICT OF INTEREST POLICY PROVIDE GUIDANCE AND PROCEDURES FOR THE PROPER OVERSIGHT AND PROCESS TO BE FOLLOWED SHOULD A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXIST BETWEEN THE TRUST AND ONE OF ITS BOARD MEMBERS, OFFICERS, SENIOR MANAGEMENT AND EMPLOYEES ("INTERESTED PERSONS"). THESE POLICIES REQUIRE THAT INTERESTED PERSONS SHOULD DISCLOSE ANNUALLY ANY CONFLICT OF INTEREST AS IT RELATES TO THEMSELVES AND THE AFET. FURTHERMORE, SHOULD ANY NEW POTENTIAL OR ACTUAL INSTANCES OF CONFLICT ARISE DURING THE YEAR, THE INTERESTED PERSON HAS A DUTY TO PROMPTLY DISCLOSE THE CONFLICT TO THE BOARD. NO MEMBER OF THE BOARD OF TRUSTEES OR OFFICER SHALL PARTICIPATE IN ANY DISCUSSION AT A BOARD MEETING OR VOTE ON ANY MATTER IN WHICH HE OR SHE OR A MEMBER OF HIS IMMEDIATE FAMILY HAS A POTENTIAL CONFLICT OF INTEREST. THE INTERESTED MEMBER MAY, AT THE REQUEST OF THE INDEPENDENT MEMBERS OF THE BOARD, BE ASKED TO PROVIDE INFORMATION AND ANSWER QUESTIONS RELATED TO THE TRANSACTION BEING REVIEWED. UPON THOROUGH DISCUSSION AND REVIEW OF THE MATTER THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT IN KEEPING WITH GOD-HONORING, ETHICAL OVERSIGHT, AND WITH THE GOAL OF PROTECTING AFET'S BEST INTERESTS.
FORM 990, PAGE 6, PART VI, LINE 19AD FONTES EDUCATIONAL TRUST WILL REVIEW AND RESPOND TO REQUESTS FROM THE PUBLIC FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IN ACCORDANCE WITH APPLICABLE STATE AND FEDERAL LAWS. A COPY OF THE MOST RECENTLY FILED FORM 990 IS MADE AVAILABLE ON THE ORGANIZATIONS'S WEBSITE.

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