Fundamental Literacy Foundation
- Assets
- $19.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 47-3123367
Organization Overview
Fundamental Literacy Foundation is located in Wichita, KS. The organization was established in 2015. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Fundamental Literacy 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 06/2022, Fundamental Literacy Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INTERESTED PERSONS THE ABILITY TO SUPPORT THE FUNDAMENTAL LEARNING CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT TO FUNDAMENTAL LEARNING CENTER, INC. SO THAT IT COULD BETTER SERVE ITS CONSTITUENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marietta Wetzel Vice President | OfficerTrustee | 1 | $0 |
Gretchen Andeel President | OfficerTrustee | 1 | $0 |
Roger D Lowe Treasurer | OfficerTrustee | 3 | $0 |
Kim Packebush Secretary | OfficerTrustee | 1 | $0 |
Jeanine Phillips Executive Director | Officer | 10 | $0 |
Dee Rolph Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glmv Architecture Architecture | 6/29/21 | $195,005 |
Hartsook Capital Campaign Management | 6/29/21 | $116,086 |
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 | $2,368,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,368,221 |
| Total Program Service Revenue | $0 |
| Investment income | $30,203 |
| 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 | $2,398,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,244,069 |
| 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. | $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 | $100,622 |
| Advertising and promotion | $2,445 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,748 |
| 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 | $0 |
| Total functional expenses | $1,371,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,638,468 |
| Pledges and grants receivable | $6,880,984 |
| 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 | $1,401,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,921,232 |
| Accounts payable and accrued expenses | $15,851 |
| 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 | $15,851 |
| Net assets without donor restrictions | $2,341,186 |
| Net assets with donor restrictions | $17,564,195 |
| 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 | $19,921,232 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Fundamental Literacy Foundation has recieved totaling $696,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $500,000 |
Wichita Community Foundation Wichita, KS PURPOSE: GENERAL PURPOSES | $100,000 |
Grs Foundation Wichita, KS PURPOSE: OPERATING FUND FOR EDUCATIONAL ORGANIZATION | $25,000 |
Grs Foundation Wichita, KS PURPOSE: OPERATING FUND FOR EDUCATIONAL ORGANIZATION | $25,000 |
William S & Ann Atherton Foundation Tulsa, OK PURPOSE: GENERAL FUND | $25,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Colorado State University-Pueblo Foundation Pueblo, CO | $68,008,177 | $8,127,637 |
Pittsburg State University Foundation Inc Pittsburg, KS | $127,952,768 | $13,650,196 |