Foundation For Clovis Schools
- Assets
- $8.0m
- Revenue
- $5.4m
- Investments
- $6.9m
- Employees
- 0
- Location
- Clovis, CA
- Founding
- 07/1992
- Data as of
- 06/2023
- EIN
- 77-0140576
Organization Overview
Foundation For Clovis Schools is located in Clovis, CA. The organization was established in 1992. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Foundation For Clovis Schools 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, Foundation For Clovis Schools generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $310.3k during the year ending 06/2023. While expenses have increased by 0.3% per year over the past 8 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 2015, Foundation For Clovis Schools has awarded 27 individual grants totaling $1,589,973. 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
TO HELP STUDENTS CONTINUALLY IMPROVE ACADEMIC AND PERSONAL ACHEIVEMENT BY PROVIDING FUNDING FOR INNOVATIVE CLASSROOM IDEAS AND EDUCATIONAL PROGRAMS THAT STIMULATE AND ENCOURAGE STUDENTS TO AIM HIGH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IN JOINT EFFORTS WITH THE LOCAL COMMUNITY RAISED FUNDS TO SUPPORT THE STUDENTS OF PROMISE SCHOLARSHIP PROGRAM. THE STUDENTS OF PROMISE PROGRAM RECOGNIZES HIGH SCHOOL JUNIORS WHO ARE SUCCEEDING IN SCHOOL IN SPITE OF EXTREME OBSTACLES. SOME CHALLENGES THESE STUDENTS FACE ARE HOMELESSNESS, CRITICAL ILLNESS, LOSS OF PARENTS, FOSTER CARE, AND ABUSE. UPON GRADUATION FROM HIGH SCHOOL, STUDENTS ARE ELIGIBLE TO RECEIVE $2,000 SCHOLARSHIPS FOR USE IN POST-SECONDARY EDUCATION.
VARIOUS GRANTS AND SUPPORT OF CLOVIS UNIFIED SCHOOL DISTRICT ACTIVITIES, INCLUDING HEALTH AND WELLNESS GRANTS AND GRANTS FOR NEW TEACHERS PROGRAM.
THE FOUNDATION IN JOINT EFFORTS WITH THE LOCAL COMMUNITY RAISED FUNDS TO PROVIDE GRANTS TO LOCAL ELEMENTARY AND HIGH SCHOOLS IN THE CLOVIS UNIFIED SCHOOL DISTRICT. MANY SCHOOLS IN THE CLOVIS UNIFIED SCHOOL DISTRICT WOULD LIKE TO IMPLEMENT SPECIAL PROGRAMS AS PART OF THEIR CURRICULUM TO BETTER SERVICE THEIR STUDENTS; HOWEVER, THE SCHOOLS DO NOT HAVE THE FUNDING TO DO SO. THESE PROGRAMS INCLUDE CAREER/COLLEGE CENTERS, READING PROGRAMS, MUSIC LABS, ETC. THE FOUNDATION PROVIDES GRANTS TO LOCAL ELEMENTARY AND HIGH SCHOOLS TO FUND THESE PROGRAMS.
THE DOC B LEADERSHIP ACADEMY IS A LEADERSHIP DEVELOPMENT PROGRAM THAT WILL MAINTAIN THE LONG-STANDING AND UNIQUE PHILOSOPHIES THAT HAVE SUPPORTED THE DISTRICT'S SUCCESS OVER TIME. THE ACADEMY WILL GIVE THE DISTRICT A PERMANENT VENUE IN WHICH EMERGING LEADERS ARE TRAINED AND MENTORED IN THE DECISION-MAKING PRINCIPLES THAT HAVE SHAPED THE CLOVIS UNIFIED SCHOOL DISTRICT'S STUDENT-CENTERED FOCUS AND HIGH STANDARDS OF ACHIEVEMENT. AS A RESULT, TEACHERS, STUDENTS AND THE COMMUNITY FLOURISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Markarian Director | Trustee | 3 | $0 |
Dianne Nury Director | Trustee | 3 | $0 |
Pat V Ricchiuti Director | Trustee | 3 | $0 |
Jim Vanvolkinburg Director | Trustee | 3 | $0 |
Mike Fennacy Chairperson | OfficerTrustee | 3 | $0 |
Wes Qualls Secretary | OfficerTrustee | 3 | $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 | $5,227,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,227,285 |
| Total Program Service Revenue | $0 |
| Investment income | $144,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,079 |
| Net Income from Fundraising Events | $103,082 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,440,960 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,244 |
| Grants and other assistance to domestic individuals. | $65,220 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,614 |
| Total functional expenses | $310,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $928,254 |
| Pledges and grants receivable | $7,990 |
| 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 | $431 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,945,331 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,588 |
| Total assets | $7,991,594 |
| Accounts payable and accrued expenses | $65,974 |
| Grants payable | $397,143 |
| 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 | $85,987 |
| Total liabilities | $549,104 |
| Net assets without donor restrictions | $6,885,361 |
| Net assets with donor restrictions | $557,129 |
| 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 | $7,991,594 |
Grants Awarded
Over the last fiscal year, Foundation For Clovis Schools has awarded $114,244 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLOVIS UNIFIED - PROGRAM - CLASSROOM GRANTS PURPOSE: CLASSROOM GRANTS PROVIDE INNOVATIVE AND CREATIVE EDUCATIONAL EXPERIENCES WHICH HELP STUDENTS SUCCEED ACADEMICALLY AND PERSONALLY. | $104,244 |
CLOVIS UNIFIED - HEALTH CENTER GRANT PURPOSE: GRANT FOR HEALTH CENTER | $10,000 |