FOUNDATION FOR CLOVIS SCHOOLS

EIN: 770140576 501(c)(3) Education

CLOVIS, CA

Total Revenue
$1,161,478
Total Expenses
$409,395
Total Assets
$9,642,179
Net Assets
$9,134,968
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CA
Principal Officer
JEFF MARKARIAN
Phone
5593279090
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR CLOVIS SCHOOLS, founded in 1987, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $752K, a strong 65% operating margin.

Mission

TO HELP STUDENTS CONTINUALLY IMPROVE ACADEMIC AND PERSONAL ACHEIVEMENT BY PROVIDING FUNDING FOR INNOVATIVE CLASSROOM IDEAS AND EDUCATIONAL PROGRAMS THAT STIMULATE AND ENCOURAGE STUDENTS TO AIM HIGH.

Program Service Accomplishments

Program 1
Expenses: $32,000

THE FOUNDATION IN JOINT EFFORTS WITH THE LOCAL COMMUNITY RAISED FUNDS TO SUPPORT THE STUDENTS OF PROMISE SCHOLARSHIP PROGRAM. THE STUDENTS OF PROMISE PROGRAM RECOGNIZES HIGH SCHOOL JUNIORS WHO ARE...

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THE FOUNDATION IN JOINT EFFORTS WITH THE LOCAL COMMUNITY RAISED FUNDS TO SUPPORT THE STUDENTS OF PROMISE SCHOLARSHIP PROGRAM. THE STUDENTS OF PROMISE PROGRAM RECOGNIZES HIGH SCHOOL JUNIORS WHO ARE SUCCEEDING IN SCHOOL IN SPITE OF EXTREME OBSTACLES. SOME CHALLENGES THESE STUDENTS FACE ARE HOMELESSNESS, CRITICAL ILLNESS, LOSS OF PARENTS, FOSTER CARE, AND ABUSE. UPON GRADUATION FROM HIGH SCHOOL, STUDENTS ARE ELIGIBLE TO RECEIVE $2,000 SCHOLARSHIPS FOR USE IN POST-SECONDARY EDUCATION.

Program 2
Expenses: $191,547

THE FOUNDATION IN JOINT EFFORTS WITH THE LOCAL COMMUNITY RAISED FUNDS TO PROVIDE GRANTS TO LOCAL ELEMENTARY AND HIGH SCHOOLS IN THE CLOVIS UNIFIED SCHOOL DISTRICT. MANY SCHOOLS IN THE CLOVIS UNIFIED...

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THE FOUNDATION IN JOINT EFFORTS WITH THE LOCAL COMMUNITY RAISED FUNDS TO PROVIDE GRANTS TO LOCAL ELEMENTARY AND HIGH SCHOOLS IN THE CLOVIS UNIFIED SCHOOL DISTRICT. MANY SCHOOLS IN THE CLOVIS UNIFIED SCHOOL DISTRICT WOULD LIKE TO IMPLEMENT SPECIAL PROGRAMS AS PART OF THEIR CURRICULUM TO BETTER SERVICE THEIR STUDENTS; HOWEVER, THE SCHOOLS DO NOT HAVE THE FUNDING TO DO SO. THESE PROGRAMS INCLUDE CAREER/COLLEGE CENTERS, READING PROGRAMS, MUSIC LABS, ETC. THE FOUNDATION PROVIDES GRANTS TO LOCAL ELEMENTARY AND HIGH SCHOOLS TO FUND THESE PROGRAMS.

Program 3
Expenses: $80,389

THE DOC B LEADERSHIP ACADEMY IS A LEADERSHIP DEVELOPMENT PROGRAM THAT WILL MAINTAIN THE LONG-STANDING AND UNIQUE PHILOSOPHIES THAT HAVE SUPPORTED THE DISTRICT'S SUCCESS OVER TIME. THE ACADEMY WILL...

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THE DOC B LEADERSHIP ACADEMY IS A LEADERSHIP DEVELOPMENT PROGRAM THAT WILL MAINTAIN THE LONG-STANDING AND UNIQUE PHILOSOPHIES THAT HAVE SUPPORTED THE DISTRICT'S SUCCESS OVER TIME. THE ACADEMY WILL GIVE THE DISTRICT A PERMANENT VENUE IN WHICH EMERGING LEADERS ARE TRAINED AND MENTORED IN THE DECISION-MAKING PRINCIPLES THAT HAVE SHAPED THE CLOVIS UNIFIED SCHOOL DISTRICT'S STUDENT-CENTERED FOCUS AND HIGH STANDARDS OF ACHIEVEMENT. AS A RESULT, TEACHERS, STUDENTS AND THE COMMUNITY FLOURISH.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $593,646
Program Service Revenue $0
Investment Income $446,386
Other Revenue $121,446
TOTAL REVENUE $1,161,478

Expense Breakdown

Grants Paid $287,273
Salaries & Benefits $0
Fundraising Expenses $18,061
Program Expenses $367,662
Other Expenses $122,122
TOTAL EXPENSES $409,395

Year-over-Year Comparison

2024 2023 Change
Revenue $1,161,478 $859,683 +0.4%
Expenses $409,395 $443,437 -0.1%
Net Income $752,083 $416,246 +0.8%
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
18
Independent Members
18
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF MARKARIAN DIRECTOR 3.00
Officer Director
$0 $0 $0
DIANNE NURY DIRECTOR 3.00
Director
$0 $0 $0
PAT V RICCHIUTI DIRECTOR 3.00
Director
$0 $0 $0
ROBERT GOUSSE DIRECTOR 3.00
Director
$0 $0 $0
MIKE FENNACY DIRECTOR 3.00
Director
$0 $0 $0
WES QUALLS TREASURER 3.00
Officer Director
$0 $0 $0
JOSHUA PHANCO CHAIRPERSON 3.00
Officer Director
$0 $0 $0
TODD COOK VICE CHAIRPERSON 3.00
Officer Director
$0 $0 $0
DOUG BENIK DIRECTOR 3.00
Director
$0 $0 $0
ADAM HOLT SECRETARY 3.00
Officer Director
$0 $0 $0
MATT JAMES DIRECTOR 3.00
Director
$0 $0 $0
JIMMY DUNN DIRECTOR 3.00
Director
$0 $0 $0
JAMES BITTER DIRECTOR 3.00
Director
$0 $0 $0
JOSHUA PETERSON DIRECTOR 3.00
Director
$0 $0 $0
SHANNON ULRICH DIRECTOR 3.00
Director
$0 $0 $0
DES HAUS DIRECTOR 3.00
Director
$0 $0 $0
RICK MERLO DIRECTOR 3.00
Director
$0 $0 $0
TANNER HEDRICK DIRECTOR 3.00
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 $1,161,478 $409,395 $9,642,179 $752,083
2024 No data No data No data No data
2023 $5,440,960 $310,329 $7,991,594 $5,130,631
2022 $408,293 $377,332 $2,710,182 $30,961
2021 $375,821 $207,667 $2,866,154 $168,154
2020 $181,462 $289,350 $2,559,475 $-107,888
2019 $522,179 $337,807 $2,821,099 $184,372
2018 $479,553 $295,495 $2,650,506 $184,058
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