School District 12 Education Foundation
- Assets
- $1.8m
- Revenue
- $2.5m
- Investments
- $652.4k
- Employees
- 5
- Location
- Thornton, CO
- Founding
- 03/1986
- Data as of
- 12/2023
- EIN
- 74-2401659
Organization Overview
School District 12 Education Foundation, operating under the name Five Star Education Foundation, is located in Thornton, CO. The organization was established in 1986. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2023, Five Star Education Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Five Star Education Foundation 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, Five Star Education Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 33.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Five Star Education Foundation has awarded 14 individual grants totaling $809,754. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ADAMS 12 FIVE STAR SCHOOLS EDUCATION FOUNDATION CONTRIBUTES TO THE IMPROVEMENT OF THE OVERALL QUALITY OF LIFE IN OUR COMMUNITY THROUGH INVESTMENTS IN EDUCATIONAL SERVICES OF THE STUDENTS OF ADAMS COUNTY SCHOOL DISTRICT 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR PROGRAMS WHICH SUPPORT THE FOUNDATION'S MISSION OF INVESTING IN STUDENT SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Glunz Secretary | OfficerTrustee | 1 | $0 |
Juan Evans Treasurer | OfficerTrustee | 2 | $0 |
Adam Ingersoll Board Chair | OfficerTrustee | 3 | $0 |
Latrice Brewster Board Of Directors | Trustee | 1 | $0 |
Priscilla Straughn Board Of Directors | Trustee | 1 | $0 |
Amira Assad-Lucas Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,474 |
| Related organizations | $0 |
| Government grants | $1,651,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $647,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,537,091 |
| Total Program Service Revenue | $0 |
| Investment income | $47,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$74,037 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,510,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,953,161 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,030 |
| Compensation of current officers, directors, key employees. | $44,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,344 |
| Payroll taxes | $27,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $964 |
| Advertising and promotion | $4,366 |
| Office expenses | $3,645 |
| Information technology | $0 |
| 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 | $3,433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,848 |
| All other expenses | $985 |
| Total functional expenses | $2,361,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,323 |
| 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 | $22,121 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $652,361 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,772,514 |
| Accounts payable and accrued expenses | $137,752 |
| 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 | $137,752 |
| Net assets without donor restrictions | $985,386 |
| Net assets with donor restrictions | $649,376 |
| 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 | $1,772,514 |
Grants Awarded
Over the last fiscal year, School District 12 Education Foundation has awarded $143,979 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS 12 FIVE STAR SCHOOLS PURPOSE: SUPPORT SHOOL DISTRICT | $100,000 |
ADAMS 12 FIVE STAR SCHOOLS PURPOSE: SUPPORT SHOOL DISTRICT | $20,000 |
ADAMS 12 FIVE STAR SCHOOLS PURPOSE: SUPPORT SHOOL DISTRICT | $23,979 |