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Nonprofit · EIN 71-0783351

EL DORADO EDUCATION FOUNDATION INC

Tax-exempt · EL DORADO, AR 71730

Financials

$107K$287K2023$148K$270K2024
Revenue Expenses · by fiscal year end
Financials of EL DORADO EDUCATION FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$147,671$270,167-$122,496$1,814,536$3,763$1,810,773
December 31, 2023990$107,153$286,500-$179,347$1,999,392$2,768$1,996,624
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$27,746
Program service revenue
$0
Investment income
$119,925
Net gain from sales of assets
$60,455
Other revenue
$0

Expenses

Grants and similar amounts paid
$124,221
Other salaries and wages
$28,333
Salaries, compensation and benefits (total)
$30,530
Professional fundraising fees
$0
Accounting fees
$5,736
Occupancy
$4,081
Program services (functional)
$218,395
Management and general (functional)
$51,772

Balance sheet and other

Total assets, start of year
$1,999,392
Total assets, end of year
$1,814,536
Total liabilities, end of year
$3,763
Net assets, end of year
$1,810,773
Publicly traded securities
$1,282,129
Net assets without donor restrictions
$2,010,269
Net assets with donor restrictions
-$199,496
Gross receipts
$414,446
Employees
2
Year formed
1995
State of legal domicile
AR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CLAIBORNE DEMINGPRESIDENT
Trustee or director, Officer
0.5$0
ALICE MAHONYVICE PRESIDE
Trustee or director, Officer
0.5$0
WALTER COMPTONSECRETARY
Trustee or director, Officer
0.5$0
ELAINE DEMINGDIRECTOR
Trustee or director
0.5$0
CAROL FELTONDIRECTOR
Trustee or director
0.5$0
SHERREL JOHNSONDIRECTOR
Trustee or director
0.5$0
DON WALESDIRECTOR
Trustee or director
0.5$0
MARGY MERKLE NIELDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
CLAIBORNE DEMINGPRESIDENT
Trustee or director, Officer
0.5$0
ALICE MAHONYVICE PRESIDE
Trustee or director, Officer
0.5$0
WALTER COMPTONSECRETARY
Trustee or director, Officer
0.5$0
ELAINE DEMINGDIRECTOR
Trustee or director
0.5$0
CAROL FELTONDIRECTOR
Trustee or director
0.5$0
SHERREL JOHNSONDIRECTOR
Trustee or director
0.5$0
DON WALESDIRECTOR
Trustee or director
0.5$0
MARGY MERKLE NIELDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
525 N WASHINGTON AVE, EL DORADO, AR 71730-4634
In care of
% REGINA A LAMBERT
Principal officer (990 for 2024)
ALICE MAHONY, 254 MAHONY FARM ROAD, EL DORADO, AR 71730
Signed the 990
ALICE MAHONY, VICE PRESIDENT
Phone
(870) 862-0962
Return prepared by
EVERS COX & GOBER PLLC

Mission

THE FOUNDATION IS A NONPROFIT ORGANIZATION WHOSE FUNCTION IS TO PROVIDE FINANCIAL SUPPORT FOR PROGRAMS AND CURRICULUMS PROMOTING ACADEMIC EXCELLENCE IN THE EL DORADO PUBLIC SCHOOL SYSTEM. THIS SUPPORT IS MANIFEST IN THREE WAYS: ANNUAL GRANTS TO TEACHERS OR SCHOOLS TO FUND ACADEMIC PROGRAMS NOT OTHERWISE AVAILABLE, ANNUAL AWARDS FOR TEACHER EXCELLENCE, AND ACADEMIC CHAIR SPONSORSHIP.

990 for the year ended December 31, 2024

Program accomplishments

  • 5 GRANTS WERE AWARDED TO LOCAL PUBLIC SCHOOLS FOR SPECIFIC ENRICHMENT PROGRAMS BASED ON TEACHER PROPOSALS. HUNDREDS OF STUDENTS PARTICIPATED. 17 EDUCATORS WERE AWARDED CASH PRIZES FOR EXCELLENCE. STUDENTS WERE AWARDED ACADEMIC LETTERMAN JACKETS. GRANT TO THE GIFTED AND TALENTED PROGRAM TO SPONSOR 10 STUDENTS FOR BETA MEMBERSHIP.
    Expenses $51,957 · grants $22,816
  • MAINTAINING LITERACY CHAIR FOR GRADES K-12.
    Expenses $81,786 · grants $37,392
  • MAINTAINING SCIENCE CHAIR FOR GRADES K-12.
    Expenses $82,073 · grants $64,013
  • MAINTAINING MATH CHAIR FOR GRADES K-12.
    Expenses $2,579

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0783351
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$1,814,536
Income (IRS master file)
$414,446

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$147,671$270,167$1,814,536XML
990December 2023$107,153$286,500$1,999,392XML
990December 2022$111,848$329,191$2,114,341IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-0783351).

Questions about EL DORADO EDUCATION FOUNDATION INC

What is the EIN of EL DORADO EDUCATION FOUNDATION INC?
The employer identification number (EIN) of EL DORADO EDUCATION FOUNDATION INC is 71-0783351.
Is EL DORADO EDUCATION FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to EL DORADO EDUCATION FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EL DORADO EDUCATION FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of EL DORADO EDUCATION FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EL DORADO EDUCATION FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of EL DORADO EDUCATION FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ALICE MAHONY.
Who are the officers and directors of EL DORADO EDUCATION FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does EL DORADO EDUCATION FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $147,671, expenses of $270,167 and total assets of $1,814,536 at year end.

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