Cache Education Foundation
- Assets
- $1.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 1
- Location
- North Logan, UT
- Founding
- 07/1989
- Data as of
- 06/2023
- EIN
- 74-2540336
Organization Overview
Cache Education Foundation is located in North Logan, UT. The organization was established in 1989. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cache 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 06/2023, Cache Education Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 27.2% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE CACHE COUNTY SCHOOL DISTRICT IN PROVIDING A QUALITY ENVIROMENT FOR STUDENTS THAT SUPPORTS ACADEMIC ACHIEVEMENT THROUGH THE PROVIDENT USE OF FUNDS AND RESOURCES FROM COMMUNITY AND BUSINESS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CACHE EDUCATION FOUNDATION SUPPORTS THE CACHE COUNTY SCHOOL DISTRICT IN A VARIETY OF WAYS. THE FOUNDATION FUNDS VARIOUS SECONDARY SCHOOL PROGRAMS AND ACTIVITIES SUCH AS TECHNOLOGY AND ATHLETIC PROGRAMS, DEBATE, WE THE PEOPLE NATIONAL COMPETITION, BAND, ORCHESTRA, YOUNG WRITERS & ARTISTS FEST,AND VARIOUS OTHER NATIONAL COMPETITIONS. THE FOUNDATION PROVIDES OPPORTUNITIES FOR DISTRICT STUDENTS TO GROW THEIR TALENTS, EXPAND THEIR ABILITIES AND PURSUE ACTIVITIES WHICH MAY PROVIDE SCHOLARSHIP OPPORTUNITIES AND FUNDING FOR ADVANCED EDUCATION. CACHE EDUCATION FOUNDATION FUNDS VARIOUS AFTER SCHOOL PROGRAMS AND AFTER SCHOOL CARE TO PROVIDE A VARIETY OF EXTRACURRICULAR LEARNING OPPORTUNITIES FOR STUDENTS AS WELL AS A SECURE PLACE FOR STUDENTS TO STUDY. CACHE EDUCATION FOUNDATION AWARDS GRANTS THROUGHOUT THE SCHOOL DISTRICT FOR THE PURPOSE OF PURCHASING ADDITIONAL CLASSROOM SUPPLIES AND INSTRUCTIONAL MATERIALS. THE FOUNDATION SUPPORTS THE USE OFTHE MOST CURRENT AND INFORMATIVE MATERIALS AVAILABLE TO STUDENTS. AND, THE CACHE EDUCATION FOUNDATION PROVIDES VARIOUS STUDENT SCHOLARSHIPS AND TEACHER GRANTS AND AWARDS TO SUPPORT AND ENCOURAGE ACADEMIC ACHIEVEMENT WITHIN THE SCHOOL DISTRICT AS WELL AS FUNDS FOR VACCINES TO KEEP STUDENTS HEALTHY AND LEARNING. THE CACHE EDUCATION FOUNDATION PROVIDES SUPPORT IN WHATEVER WAY IS NEEDED TO MEET THE GOALS OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Lewis Executive Director | Trustee | 40 | $78,246 |
Joan Mahoney President | OfficerTrustee | 1 | $0 |
Scott Cooley Vice-President | OfficerTrustee | 1 | $0 |
Jared Black Treasurer | OfficerTrustee | 2 | $0 |
Stephanie Adams Board Member | Trustee | 1 | $0 |
Ryan Bohm Board Member | Trustee | 1 | $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 | $2,490,595 |
| Noncash contributions included in lines 1a–1f | $90,880 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,490,595 |
| Total Program Service Revenue | $0 |
| Investment income | $30,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,637 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,513,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,222,456 |
| 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. | $78,246 |
| Compensation of current officers, directors, key employees. | $78,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,986 |
| 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 | $4,308 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $821 |
| 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 | $153 |
| All other expenses | $0 |
| Total functional expenses | $2,341,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $924,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,750 |
| 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 | $1,936 |
| Investments—publicly traded securities | $619,806 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,552,154 |
| Accounts payable and accrued expenses | $41,210 |
| 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 | $41,210 |
| Net assets without donor restrictions | $1,450,944 |
| Net assets with donor restrictions | $60,000 |
| 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 | $1,552,154 |