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Carmel-Clay Educational Foundation Inc

EIN 35-6066912 · Carmel, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SUPPORTING CARMEL CLAY STUDENTS AND EDUCATORS BY PROVIDING RESOURCES THAT FOSTER ACADEMIC GROWTH AND PERSONAL DEVELOPMENT, EMPOWERING EVERY STUDENT TO BECOME THEIR BEST FUTURE SELVES.

Income
$626,617
Spending
$533,425
Spent on programs
81%
Reserves
17 months of spending
Largest source of income
donations and private grants, 76%
Employees
4
Volunteers
130
Highest pay
$82,293, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 85% of charities in its peer group (education, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 17.0 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 15% of income.

  • Income trend

    15 of 15

    Income rose 64% on the year before.

  • Spending floor

    15 of 15

    81% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 81% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    20 of 20 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $341,807 spent. AWARDED SCHOLARSHIPS TO 100 CARMEL HIGH SCHOOL SENIORS TO SUPPORT THEIR PURSUIT OF POST-SECONDARY EDUCATION, INCLUDING COLLEGE DEGREES AND TECHNICAL CERTIFICATIONS. ADDITIONALLY, THREE CARMEL HIGH SCHOOL STUDENT RECEIVED A SCHOLARSHIP TO ATTEND A JOURNALISM WORKSHOP IN SUMMER 2025 TO FURTHER THEIR ACADEMIC INTERESTS. PROVIDED SCHOLARSHIPS TO 8 CARMEL MIDDLE SCHOOL STUDENTS FOR ADVANCED MUSIC INSTRUCTION DURING SUMMER 2025.
  2. $27,389 spent. AWARDED 37 GRANTS TO A TOTAL OF 52 TEACHERS AND 17 STUDENTS. GRANTS WERE AWARDED TO INDIVIDUALS, OR TO A GROUP OF APPLICANTS. MORE THAN 6,000 STUDENTS BENEFITED FROM THE IMPLEMENTATION OF THESE GRANTS IN THE AREAS OF WELLNESS, COMMUNITY BUILDING, OR OPPORTUNITIES FOR SUCCESS.
  3. $16,081 spent. ALLOCATED $16,081.43 THROUGH THE RISE AND GROW PROGRAM SUPPORTING 25 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.
  4. $49,159 spent. ACHIEVE PROGRAM (REAL-WORLD READINESS INITIATIVES)THE CARMEL EDUCATION FOUNDATION'S ACHIEVE PROGRAM PROVIDES EDUCATIONAL SUPPORT FOR EXPERIENTIAL LEARNING OPPORTUNITIES THAT ENHANCE STUDENTS' READINESS FOR POST-SECONDARY EDUCATION AND THE WORKFORCE. THE PROGRAM SERVES STUDENTS ACROSS CARMEL CLAY SCHOOLS THROUGH PARTNERSHIPS WITH ESTABLISHED NONPROFIT ORGANIZATIONS AND EDUCATIONAL PROVIDERS.PROGRAM ACTIVITIES INCLUDE:JUNIOR ACHIEVEMENT (JA) BIZTOWN: A FINANCIAL LITERACY AND WORKFORCE READINESS PROGRAM FOR FIFTH-GRADE STUDENTS THAT INCLUDES A SIMULATED ECONOMIC ENVIRONMENT WHERE PARTICIPANTS LEARN ABOUT PERSONAL FINANCE, BUSINESS OPERATIONS, AND CIVIC RESPONSIBILITY.JOSEPH MALEY FOUNDATION PROGRAMMING: EDUCATIONAL PROGRAMMING FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS FOCUSED ON DISABILITY AWARENESS, INCLUSION, AND SOCIAL-EMOTIONAL LEARNING THROUGH INTERACTIVE EXPERIENCES.JA CAREERIGNITE: A CAREER EXPLORATION EVENT FOR HIGH SCHOOL STUDENTS THAT PROVIDES EXPOSURE TO A VARIETY OF INDUSTRIES AND OCCUPATIONS THROUGH DIRECT INTERACTION WITH EMPLOYERS AND COMMUNITY PARTNERS.THESE ACTIVITIES ARE DESIGNED TO SUPPLEMENT THE STANDARD CURRICULUM BY PROVIDING PRACTICAL LEARNING EXPERIENCES THAT SUPPORT STUDENT DEVELOPMENT IN FINANCIAL LITERACY, CAREER AWARENESS, AND INTERPERSONAL SKILLS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1967.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Educational Foundation Inc (Chapel Hill, NC), EIN 56-6058412. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.