Last Mile Education Fund
- Assets
- $20.1m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Lafayette, CO
- Founding
- Data as of
- 06/2024
- EIN
- 88-0762233
Organization Overview
Last Mile Education Fund is located in Lafayette, CO. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2024, Last Mile Education Fund employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Last Mile Education 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 06/2024, Last Mile Education Fund generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 60.2% each year . All expenses for the organization totaled $6.3m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LAST MILE EDUCATION FUND OFFERS A DISRUPTIVE APPROACH TO INCREASING DIVERSITY IN TECHNOLOGY AND ENGINEERING FIELDS BY ADDRESSING CRITICAL GAPS IN FINANCIAL SUPPORT FOR LOW-INCOME UNDERREPRESENTED STUDENTS WITHIN FOUR SEMESTERS OF GRADUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FINANCIAL SUPPORT TO UNDERGRADUATES WHO DEMONSTRATE LOW-INCOME STATUS, ARE EXPERIENCING A FINANCIAL OBSTACLE, ARE CURRENTLY IN PURSUIT OF A COMPUTING-RELATED DEGREE, ARE AT AN ACCREDITED FOUR-YEAR INSTITUTION OF HIGHER EDUCATION IN THE U.S., AND TYPICALLY ARE WITHIN FOUR SEMESTERS OF DEGREE COMPLETION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruthe Farmer President / CEO | OfficerTrustee | 40 | $202,964 |
Rian Fierra Board Member | Trustee | 1 | $0 |
Sarah Lee 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 | $7,013,655 |
| Noncash contributions included in lines 1a–1f | $1,080,377 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,013,655 |
| Total Program Service Revenue | $0 |
| Investment income | $325,413 |
| 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 | $7,339,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,633,976 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,212 |
| Compensation of current officers, directors, key employees. | $56,844 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,203,474 |
| Pension plan accruals and contributions | $75,971 |
| Other employee benefits | $217,927 |
| Payroll taxes | $106,296 |
| Fees for services: Management | $29,488 |
| Fees for services: Legal | $20,294 |
| Fees for services: Accounting | $102,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $303,056 |
| Advertising and promotion | $9,066 |
| Office expenses | $150,413 |
| Information technology | $73,369 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $164,214 |
| 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 | $38,497 |
| Total functional expenses | $6,303,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,870,669 |
| Savings and temporary cash investments | $6,489,060 |
| Pledges and grants receivable | $4,343,339 |
| 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 | $46,727 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,314,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,064,288 |
| Accounts payable and accrued expenses | $105,369 |
| 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 | $105,369 |
| Net assets without donor restrictions | $5,429,402 |
| Net assets with donor restrictions | $14,529,517 |
| 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 | $20,064,288 |