School Fund
- Assets
- $231.8k
- Revenue
- $213.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Palo Alto, CA
- Founding
- 12/2010
- Data as of
- 12/2023
- EIN
- 26-4134728
Organization Overview
School Fund is located in Palo Alto, CA. The organization was established in 2010. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, School Fund generated $213.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $213.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL FUND PROVIDES SECONDARY SCHOOL SCHOLARSHIPS TO HIGH POTENTIAL STUDENTS ACROSS THE DEVELOPING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"IN 2023, THE SCHOOL FUND (TSF) MADE GRANTS OF SCHOLARSHIPS AND EDUCATIONAL EXPENSES FOR 222 NEEDY SECONDARY SCHOOL STUDENTS IN SEVEN DEVELOPING COUNTRIES ACROSS THREE CONTINENTS. TSF WORKED WITH ELEVEN NGO PARTNERS TO IDENTIFY ELIGIBLE STUDENTS AND CREATE A PERSONALIZED PROFILE AND A DETAILED LIST OF EDUCATIONAL RELATED EXPENSES FOR EACH STUDENT. FUNDS RAISED VIA TSF TO FUND SCHOLARSHIPS AND SCHOOL EXPENSES ARE ADMINISTERED AND DELIVERED TO THE STUDENTS' SCHOOLS BY THE NGO PARTNERS. TSF CONTINUES TO DEVELOP AND OPERATE ITS PERSON-TO-PERSON FUNDING WEBSITE (WWW.THESCHOOLFUND.ORG) WHERE STUDENTS' PROFILES AND FUNDING NEEDS ARE FEATURED. THE ONLINE PLATFORM ALLOWS DONORS TO VIEW STUDENT PROFILES, ENABLES STUDENTS TO COMMUNICATE WITH DONORS VIA ONLINE JOURNALS, AND SUPPORTS A TRANSPARENT PAYMENT PROCESS IN WHICH RECEIPTS FROM THE STUDENT'S SCHOOL OR THE NGO PARTNER ARE VIEWABLE ON THE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Mckenna Executive Director | Officer | 15 | $52,000 |
Dan Barritt Director | Trustee | 5 | $0 |
Mohamed O Mohamed Director | Trustee | 1 | $0 |
Francesca Nicoletti Director | Trustee | 1 | $0 |
Abena Nyantekyi-Owusu Director | Trustee | 1 | $0 |
Denis Severson Director | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,953 |
| Total Program Service Revenue | $0 |
| Investment income | $275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $132,462 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,000 |
| Compensation of current officers, directors, key employees. | $6,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $712 |
| Advertising and promotion | $0 |
| Office expenses | $2,746 |
| Information technology | $2,015 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $361 |
| All other expenses | $0 |
| Total functional expenses | $213,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,031 |
| Savings and temporary cash investments | $176,789 |
| Pledges and grants receivable | $16,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $231,820 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $15,595 |
| Net assets with donor restrictions | $216,225 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $231,820 |
Grants Awarded
Over the last fiscal year, School Fund has awarded $40,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BEYOND FISTULA PURPOSE: Support scholarship programs | $8,220 |
KENYA CONNECT INC PURPOSE: Support scholarship programs | $15,610 |
SHINING HOPE FOR COMMUNITIES INC PURPOSE: Support scholarship programs | $8,160 |
MILAAN FOUNDATION PURPOSE: Support scholarship programs | $8,210 |