CARMEL CLAY EDUCATION FOUNDATION

EIN: 356066912 501(c)(3) Education

CARMEL, IN

Total Revenue
$382,812
Total Expenses
$527,756
Total Assets
$2,536,849
Net Assets
$2,527,965
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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
IN
Principal Officer
DALLAS SHELBY
Phone
3178449961
Tax Period
2023-07-01 to 2024-06-30

CARMEL CLAY EDUCATION FOUNDATION, founded in 1966, is a small nonprofit in the Education sector that reported $383K in total revenue in fiscal year 2023. Expenses of $528K exceeded revenue, resulting in a 38% operating deficit.

Mission

WE RAISE FUNDS TO SUPPORT CARMEL CLAY STUDENTS IN ACADEMIC ACHIEVEMENT AND LIFELONG LEARNING. WE DO THIS BY PROVIDING EDUCATIONAL AND INNOVATION GRANTS TO CARMEL CLAY SCHOOLS, TEACHERS AND STUDENTS, CREATING PARTNERSHIPS WITH COMMUNITY MEMBERS TO EXTEND CLASSROOM LEARNING, IMPLEMENTING COLLABORATIVE PROGRAMS TO BENEFIT OUR SCHOOL COMMUNITY, AND PROVIDING SCHOLARSHIPS TO CURRENT AND GRADUATING STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $398,403

AWARDED SCHOLARSHIPS TO 96 CARMEL HIGH SCHOOL SENIORS TO SUPPORT THEIR PURSUIT OF POST-SECONDARY EDUCATION, INCLUDING COLLEGE DEGREES AND TECHNICAL CERTIFICATIONS. ADDITIONALLY, ONE CARMEL HIGH...

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AWARDED SCHOLARSHIPS TO 96 CARMEL HIGH SCHOOL SENIORS TO SUPPORT THEIR PURSUIT OF POST-SECONDARY EDUCATION, INCLUDING COLLEGE DEGREES AND TECHNICAL CERTIFICATIONS. ADDITIONALLY, ONE CARMEL HIGH SCHOOL STUDENT RECEIVED A SCHOLARSHIP TO ATTEND A JOURNALISM WORKSHOP IN SUMMER 2024 TO FURTHER THEIR ACADEMIC INTERESTS. PROVIDED SCHOLARSHIPS TO 11 CARMEL MIDDLE SCHOOL STUDENTS FOR ADVANCED MUSIC INSTRUCTION DURING SUMMER 2024.

Program 2
Expenses: $44,099

AWARDED 53 GRANTS TO A TOTAL OF 89 TEACHERS AND 20 STUDENTS. GRANTS WERE AWARDED TO INDIVIDUALS, OR TO A GROUP OF APPLICANTS. MORE THAN 6,500 STUDENTS BENEFITED FROM THE IMPLEMENTATION OF THESE...

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AWARDED 53 GRANTS TO A TOTAL OF 89 TEACHERS AND 20 STUDENTS. GRANTS WERE AWARDED TO INDIVIDUALS, OR TO A GROUP OF APPLICANTS. MORE THAN 6,500 STUDENTS BENEFITED FROM THE IMPLEMENTATION OF THESE GRANTS IN THE AREAS OF STUDENT LEARNING RESOURCES, WELLNESS, COMMUNITY BUILDING, OR OPPORTUNITIES FOR SUCCESS.

Program 3
Expenses: $5,555

ALLOCATED $5,555.32 THROUGH THE RISE AND GROW PROGRAM TO SUPPORT 10 STUDENTS IN ACCESSING INDIVIDUAL, GROUP, OR FAMILY THERAPY SESSIONS, AS WELL AS SUBSTANCE TREATMENT PROGRAMS, FOR FAMILIES FACING...

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ALLOCATED $5,555.32 THROUGH THE RISE AND GROW PROGRAM TO SUPPORT 10 STUDENTS IN ACCESSING INDIVIDUAL, GROUP, OR FAMILY THERAPY SESSIONS, AS WELL AS SUBSTANCE TREATMENT PROGRAMS, FOR FAMILIES FACING FINANCIAL BARRIERS DUE TO LACK OF INSURANCE OR UNDERINSURANCE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $367,778
Program Service Revenue $0
Investment Income $3,971
Other Revenue $11,063
TOTAL REVENUE $382,812

Expense Breakdown

Grants Paid $235,394
Salaries & Benefits $157,837
Fundraising Expenses $0
Program Expenses $448,057
Other Expenses $134,525
TOTAL EXPENSES $527,756

Year-over-Year Comparison

2023 2022 Change
Revenue $382,812 $367,192 +0.0%
Expenses $527,756 $382,233 +0.4%
Net Income $-144,944 $-15,041 +8.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
4
Volunteers
120

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$95,874
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALLAS SHELBY PRESIDENT 2.00
Officer Director
$0 $0 $0
PETER PRIMASON VP GOVERNANCE 2.00
Officer Director
$0 $0 $0
KELSEA SIMPSON VP FINANCE 2.00
Officer Director
$0 $0 $0
KRIS WHEELER VP IMPACT 2.00
Officer Director
$0 $0 $0
SAM HARRIS VP OUTREACH 2.00
Officer Director
$0 $0 $0
KATHY HOLCOMB SECRETARY 2.00
Officer Director
$0 $0 $0
TRICIA REYNOLDS IMMEDIATE PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
KRISTINE AMICK MEMBER AT LARGE 2.00
Director
$0 $0 $0
DR MICHAEL BERESFORD MEMBER AT LARGE 2.00
Director
$0 $0 $0
ANN BERNARD MEMBER AT LARGE 2.00
Director
$0 $0 $0
SEAMUS BOYCE MEMBER AT LARGE 2.00
Director
$0 $0 $0
EMILY EHRGOTT MEMBER AT LARGE 2.00
Director
$0 $0 $0
JON FERGUSON MEMBER AT LARGE 2.00
Director
$0 $0 $0
LISA HANSEN MEMBER AT LARGE 2.00
Director
$0 $0 $0
WILLIAM L HOWARD II MEMBER AT LARGE 2.00
Director
$0 $0 $0
MISSY KING MEMBER AT LARGE 2.00
Director
$0 $0 $0
BECKY KUCHARSKI MEMBER AT LARGE 2.00
Director
$0 $0 $0
ANDREW PINEGAR MEMBER AT LARGE 2.00
Director
$0 $0 $0
KELLI PRADER MEMBER AT LARGE 2.00
Director
$0 $0 $0
AMY BLUME MEMBER AT LARGE 2.00
Director
$0 $0 $0
RAMONA RICE MEMBER AT LARGE 2.00
Director
$0 $0 $0
VENKATA TADIKONDA MEMBER AT LARGE 2.00
Director
$0 $0 $0
LESLIE TESKEY MEMBER AT LARGE 2.00
Director
$0 $0 $0
HEIDI WILSON MEMBER AT LARGE 2.00
Director
$0 $0 $0
JENNIFER PENIX EXECUTIVE DIRECTOR 40.00
Officer
$75,344 $20,530 $95,874
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $382,812 $527,756 $2,536,849 $-144,944
2023 $367,192 $382,233 $2,242,333 $-15,041
2022 $156,752 $270,343 $2,261,920 $-113,591
2021 $307,366 $355,221 $2,374,932 $-47,855
2020 $275,234 $260,792 $2,377,064 $14,442
2019 $298,632 $227,757 $2,240,283 $70,875
2018 $262,709 $237,891 $2,013,824 $24,818
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