Cache Education Foundation

Nonprofit profile at a glance

EIN
742540336
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
North Logan, UT, USA
Phone
4357523925
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$1,936,168
Expenses
$1,625,189
Assets
$1,747,926
Liabilities
$3,081

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • TERESA LEWIS (EXECUTIVE DIRECTOR)
  • JOAN MAHONEY (PRESIDENT)
  • TERI CUTLER (VICE-PRESIDENT)

Highest reported compensation

  • TERESA LEWIS (EXECUTIVE DIRECTOR): $74,284 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The cache education foundation exists to assist the cache county school district in providing a quality environment for students that supports academic achievement through the provident use of funds and resources from the community and local business members.

What it reported doing in 2024

Cache education foundation supports the cache county school district in a variety of ways. The foundation funds various secondary school programs and activities such as technology and athletic programs, debate, we the people national competition, band, orchestra, young writers & artists fest, and various other national competitions. The foundation provides opportunities for district students to grow their talents, expand their abilities and pursue activities which may provide scholarship opportunities and funding for advanced education. Cache education foundation funds various after school programs and after school care to provide a variety of extracurricular learning opportunities for students as well as a secure place for students to study. Cache education foundation awards grants throughout the school district for the purpose of purchasing additional classroom supplies and instructional materials. The foundation supports the use of the most current and informative materials available to students. The cache education foundation also provides various student scholarships and teacher grants and awards to support and encourage academic achievement within the school district as well as funds for vaccines to keep students healthy and learning. The cache education foundation provides support in whatever way is needed to meet the goals of the school district.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.6%; rating input score 84
  • Program expense ratio: 92.9%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 16.1%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 1.08; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 8.2% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 83.6% of revenue deployed · 92.9% of spending went to programs
  • Governance: 20 of 20 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $74K · 21 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.