SUCCESS IN EDUCATION FOUNDATION

EIN: 453567196 501(c)(3) Youth Development

SALT LAKE CITY, UT

Total Revenue
$3,948,717
Total Expenses
$4,617,237
Total Assets
$5,009,401
Net Assets
$4,674,078
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
UT
Principal Officer
ERIN TRANBEATH-MURRAY
Phone
8012573577
Tax Period
2023-07-01 to 2024-06-30

SUCCESS IN EDUCATION FOUNDATION, founded in 2012, is a community nonprofit in the Youth Development sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROMOTE EXCELLENCE IN EDUCATION AND HELP UTAH STUDENTS PREPARE FOR POST- SECONDARY EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $2,008,630

KEYS TO SUCCESS: THE PURPOSE OF KEYS TO SUCCESS IS TO MOTIVATE STUDENTS TO UNLOCK THEIR FUTURE BY CONNECTING THEM TO SCHOLARSHIPS, INTERNSHIPS, AND CAREERS. IN THE FALL OF 2018, THE KEYS TO SUCCESS...

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KEYS TO SUCCESS: THE PURPOSE OF KEYS TO SUCCESS IS TO MOTIVATE STUDENTS TO UNLOCK THEIR FUTURE BY CONNECTING THEM TO SCHOLARSHIPS, INTERNSHIPS, AND CAREERS. IN THE FALL OF 2018, THE KEYS TO SUCCESS APP WAS LAUNCHED TO PROVIDE STUDENTS WITH SCHOLARSHIPS, INTERNSHIPS, AND OTHER CAREER OPPORTUNITIES PERSONALIZED TO THEIR CHOSEN CAREER INTERESTS. STUDENTS CAN TRACK THEIR PROGRESS, RECEIVE PUSH NOTIFICATIONS ABOUT NEW OPPORTUNITIES, AND USE ADDITIONAL TOOLS LIKE ACT PREP AND FASFA HELP TO HELP THEM UNLOCK THEIR FUTURE. THE MORE STUDENTS INTERACT WITH THE APP, THE MORE POINTS STUDENTS EARN THAT CAN BE REDEEMED FOR AWESOME PRIZES LIKE GIFT CARDS TO RESTAURANTS AND VOUCHERS FOR ACTIVITIES. THE APP MAKES IT EASY FOR PARENTS TO ENGAGE WITH THEIR STUDENTS' FUTURE, GOALS, AND CAREER INTERESTS. THE 2023-2024 SCHOOL YEAR ENDED WITH 158,895 STUDENT APP DOWNLOADS AND OVER 100 MILLION IN SCHOLARSHIPS/TUITION WAIVERS AVAILABLE IN THE APP. DURING THE SCHOOL YEAR, KEYS TO SUCCESS SPONSORED ACADEMIC SCHOLARSHIPS WERE AWARDED TO 178 STUDENTS. THE PROGRAM PROVIDED 17,088 PRIZES AND INCENTIVES FOR STUDENTS, WITH ONE GRAND PRIZE OF A CAR GIVEAWAY.

Program 2
Expenses: $607,566

CODE TO SUCCESS & ESPORTS: THE PURPOSE OF KEN GARFF ESPORTS IS TO ENHANCE AND ENRICH SCHOLASTIC EXPERIENCES THROUGH AND BEYOND GAMING. IN THE 2023- 2024 SCHOOL YEAR, THERE WERE 99 MIDDLE AND HIGH...

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CODE TO SUCCESS & ESPORTS: THE PURPOSE OF KEN GARFF ESPORTS IS TO ENHANCE AND ENRICH SCHOLASTIC EXPERIENCES THROUGH AND BEYOND GAMING. IN THE 2023- 2024 SCHOOL YEAR, THERE WERE 99 MIDDLE AND HIGH SCHOOL "KEN GARFF ESPORTS" CLUBS THROUGHOUT THE STATE OF UTAH. THE FOUNDATION PROVIDED 1,500 GRANTS TO SUPPORT EACH CLUB, TOTALING 126,500. IN THE 2023-2024 SCHOOL YEAR, KEN GARFF ESPORTS HELD 5 REGIONAL IN-PERSON EVENTS AT USU EASTERN, UTAH TECH, UTAH VALLEY UNIVERSITY, SALT LAKE COMMUNITY COLLEGE, AND WEBER STATE UNIVERSITY WHERE STUDENTS COMPETED REGIONALLY AND PARTICIPATED IN UNIVERSITY BOOTHS AND ACTIVITIES. IN MARCH 2024 WE HELD OUR 3RD ANNUAL STATEWIDE EVENT CALLED THE "SPRING CELEBRATION" HOSTED IN THE UNIVERSITY OF UTAH BASKETBALL ARENA AND THE SPENCER FOX ECCLES BUSINESS BUILDING WHERE WE REACHED 2400 STUDENTS ACROSS THE STATE. IN JULY 2024, WE HELD OUR TECH TRACK SUMMER CAMP AT 9 DIFFERENT CAMPUSES FOR THREE WEEKS COVERING CYBERSECURITY, GAME DEVELOPMENT, AND CAREER EXPLORATION.

Program 3
Expenses: $546,240

ROAD TO SUCCESS: ROAD TO SUCCESS IS A K-6 INCENTIVIZED READING PROGRAM THAT SUPPORTS UTAH STUDENTS ACROSS THE STATE OF UTAH BUILD STRONG READING HABITS. EACH SCHOOL THAT PARTICIPATES GAINS ACCESS TO...

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ROAD TO SUCCESS: ROAD TO SUCCESS IS A K-6 INCENTIVIZED READING PROGRAM THAT SUPPORTS UTAH STUDENTS ACROSS THE STATE OF UTAH BUILD STRONG READING HABITS. EACH SCHOOL THAT PARTICIPATES GAINS ACCESS TO THE PLATFORM BEANSTACK, WHICH SUPPORTS DIGITIAL AND PERSONALIZED. THE ROAD TO SUCCESS PROGRAM PROVIDES EVERY STUDENT PARTICIPATING WITH TANGIBLE REWARDS BY MEETING SPECIFIC READING MILESTONES. WITHIN THE 2023-2024 SCHOOL YEAR, 63 SCHOOLS PARTICIPATED IN THE PROGRAM WITH OVER 26,000 STUDENTS. THE STUDENTS PARTIPICATING READ OVER 11 MILLION MINUTES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,816,114
Program Service Revenue $0
Investment Income $125,920
Other Revenue $6,683
TOTAL REVENUE $3,948,717

Expense Breakdown

Grants Paid $386,249
Salaries & Benefits $1,519,195
Fundraising Expenses $665,056
Program Expenses $3,584,236
Other Expenses $2,711,793
TOTAL EXPENSES $4,617,237

Year-over-Year Comparison

2023 2022 Change
Revenue $3,948,717 $3,510,674 +0.1%
Expenses $4,617,237 $4,792,349 0.0%
Net Income $-668,520 $-1,281,675 -0.5%
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
11
Independent Members
9
Employees
30
Volunteers
223

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
4
$257,221
Total Directors
11
$257,221
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD L FOLKERSON PRESIDENT/EX 40.00
Officer Director
$180,992 $6,990 $187,982
KAITLIN DIETRICH SECRETARY 40.00
Officer Director
$59,462 $9,777 $69,239
KATHARINE B GARFF CHAIR 2.00
Officer Director
$0 $0 $0
JAMES J JARDINE BOARD MEMBER 1.00
Director
$0 $0 $0
NOLAN E KARRAS BOARD MEMBER 1.00
Director
$0 $0 $0
JESSELIE B ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA JONES BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF STEPHENS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID PETERSEN BOARD MEMBER 1.00
Director
$0 $0 $0
RON JIBSON BOARD MEMBER 1.00
Director
$0 $0 $0
JIM CAMPBELL TREASURER 1.00
Officer Director
$0 $0 $0
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 $3,948,717 $4,617,237 $5,009,401 $-668,520
2023 $3,510,674 $4,792,349 $5,601,782 $-1,281,675
2022 $3,601,243 $3,923,905 $6,961,359 $-322,662
2021 $8,489,669 $3,250,400 $7,564,005 $5,239,269
2020 $2,592,136 $2,465,394 $2,174,463 $126,742
2019 $2,728,613 $2,470,864 $1,719,905 $257,749
2018 $2,091,149 $2,034,832 $1,454,070 $56,317
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