Civic Intelligence

Last Mile Education Fund

990 • Fiscal year 2023 • EIN 88-0762233

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 26, 2024

Organization ProfileWWW.LASTMILE-ED.ORG
2770 Arapahoe RdLafayette, CO 80026

(720) 881-4001

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

7th percentile

0.00x

Higher debt load relative to revenue than 7% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

96th percentile

80%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

15th percentile

$7,134

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

99th percentile

963%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

1099%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$18,931,680

Up $17,150,553 (+963%) from 2022

Net Assets

Up

$18,872,503

Up $17,163,099 (+1004%) from 2022

Liabilities

Down

$59,177

Down $12,546 (-17%) from 2022

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin96th percentile

Revenue

Up

$21,402,718

Up $19,618,026 (+1099%) from 2022

Expenses

Up

$4,239,619

Up $4,164,331 (+5531%) from 2022

Net Income

Up

$17,163,099

Up $15,453,695 (+904%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2022: $1,781,127Liabilities 2022: $71,723Net Assets 2022: $1,709,4042022Assets 2023: $18,931,680Liabilities 2023: $59,177Net Assets 2023: $18,872,5032023Assets 2024: $20,064,288Liabilities 2024: $105,369Net Assets 2024: $19,958,9192024Assets 2025: $15,822,661Liabilities 2025: $102,902Net Assets 2025: $15,719,7592025

Highlighted filing

2023

Assets$18,931,680
Liabilities$59,177
Net Assets$18,872,503
Open 2023 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2022: $1,784,692Expenses 2022: $75,288Net Income 2022: $1,709,4042022Revenue 2023: $21,402,718Expenses 2023: $4,239,619Net Income 2023: $17,163,0992023Revenue 2024: $7,339,068Expenses 2024: $6,303,239Net Income 2024: $1,035,8292024Revenue 2025: $3,562,457Expenses 2025: $7,864,162Net Income 2025: -$4,301,7052025

Highlighted filing

2023

Revenue$21,402,718
Expenses$4,239,619
Net Income$17,163,099
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 26, 2024
Return Version
2022v5.0
Gross Receipts
$21,402,718
Mission and Program Overview

Mission

Last mile education fund offers a disruptive approach to increasing diversity in technology and engineering fields by addressing critical gaps in financial support for low-income underrepresented students within four semesters of graduation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,718,175$11,513,607▲ $9,795,432
Savings and Temporary Cash Investments-$7,087,914-
Cash and Non-Interest-Bearing Accounts$62,952$283,381▲ $220,429
Prepaid Expenses and Deferred Charges-$46,778-
Total Assets$1,781,127$18,931,680▲ $17,150,553
Liabilities
Accounts Payable and Accrued Expenses$71,723$59,177▼ $12,546
Total Liabilities$71,723$59,177▼ $12,546
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,428,412$16,688,121▲ $15,259,709
Net Assets Without Donor Restrictions$280,992$2,184,382▲ $1,903,390
Total Net Assets Fund Balance$1,709,404$18,872,503▲ $17,163,099
Total Liabilities and Net Assets / Fund Balance$1,781,127$18,931,680▲ $17,150,553
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ruthe FarmerPresident / CEOFT$7,134$7,134
Cristina LopezTreasurerFT$6,251$6,251
Margaret FerronSecretaryFT$3,465$3,465

Board Members and Trustees

NameTitle
Rian WalkerBoard Member
Sarah LeeBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$21,331,546
Program Service Revenue
$0
Investment Income
$71,172
Other Revenue
$0
All Other Contributions
$21,331,546
Change in Net Assets
$17,163,099

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table496$148,304Fair Market Value (FMV)
Securities Publicly Traded94$24,943Fair Market Value (FMV)
Total Noncash Contributions590$173,247-

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,402,718
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$21,402,718
Total Revenue per Form 990
$21,402,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,992,940
Salaries, Compensation, and Employee Benefits$773,506
Other Expenses$473,173
Total Fundraising Expense$65,357
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,992,940--$2,992,940
Other Salaries and Wages$245,558$78,073$26,027$349,658
Current Officers, Directors, Trustees, and Key Employees$203,647$72,675$22,509$298,831
Fees for Services Other$107,714$11,929-$119,643
Fees for Services Accounting$16,591$80,231-$96,822
Information Technology$68,315$5,372-$73,687
Travel$27,895$28,098$5,794$61,787
Other Employee Benefits$34,235$22,277$4,888$61,400
Office Expenses$28,205$26,072$913$55,190
Payroll Taxes$31,790$13,906$3,680$49,376
Fees for Services Management-$30,686-$30,686
Fees for Services Legal$15,841$3,017-$18,858
Pension Plan Contributions$7,303$5,736$1,202$14,241
Advertising$9,094$698$289$10,081
Other Expenses$1,410$4,954$55$6,419
Total Functional Expenses$3,790,538$383,724$65,357$4,239,619

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,239,619
Total Expenses per Audited Statements$4,239,619
Total Expenses per Form 990$4,239,619
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 and quarterly financials are presented to the board, where they have an opportunity to review trends and ask questions.”

Form 990, Part VI, Section B, Line 15

“We consulted with a fractional hr consultant who benchmarked last mile's job descriptions against similar roles within the industry and created salary bands for last mile's staff, including the officers and managers.”

Form 990, Part VI, Section C, Line 19

“Our grantmaking policies and eligibility requirements are available on our website to the public. Our internal policies are not currently made available.”

Filing and Contact Details

Filer

Filer Name
Last Mile Education Fund
EIN
88-0762233
Phone
7208814001
Address
2770 ARAPAHOE RD, LAFAYETTE, CO 80026

Signing Officer

Name
Ruthe Farmer
Title
CEO
Phone
7208814001
Signed
2024-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruthe Farmer
Formed
2021
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
2
Employees
6
Volunteers
2

Preparer

Firm
Harris & Co Pllc
Address
1120 S RACKHAM WAY SUITE 100, MERIDIAN, ID 83642
Preparer
Bryce Morrison
Phone
2083338965
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of that position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2023. The organization files form 990 in the u.s. Federal jurisdiction. The organization is generally no longer subject to examination by the internal revenue service for years before 2019”

Raw XML Appendix388 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt021402718
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THAT POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2023. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2019
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt04239619
IRS990ScheduleD/TotalRevenuePerForm990Amt021402718
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021402718
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04239619
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02844636
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS AND OTHER ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0148304
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0THE LAST MILE EDUCATION FUND RECEIVED 496 REDEEMABLE CODES FOR LINKEDIN PREMIUM TO BE DISTRIBUTED TO STUDENTS, VALUED AT $299 PER CODE, TOTALING $148,304. ALL CODES WERE DISTRIBUTED TO STUDENTS DURING FY23. THE NUMBER OF LICENSES PROVIDED AND THE INDIVIDUAL FAIR MARKET VALUE OF EACH LICENSE WAS CONFIRMED BY MICROSOFT.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03616
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0496
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0LICENSE CODES FOR LINKEDIN PREMIUM
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0148304
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt094
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt024943
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0NUMBER OF INDIVIDUAL SHARES OR LICENSES
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 AND QUARTERLY FINANCIALS ARE PRESENTED TO THE BOARD, WHERE THEY HAVE AN OPPORTUNITY TO REVIEW TRENDS AND ASK QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE CONSULTED WITH A FRACTIONAL HR CONSULTANT WHO BENCHMARKED LAST MILE'S JOB DESCRIPTIONS AGAINST SIMILAR ROLES WITHIN THE INDUSTRY AND CREATED SALARY BANDS FOR LAST MILE'S STAFF, INCLUDING THE OFFICERS AND MANAGERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR GRANTMAKING POLICIES AND ELIGIBILITY REQUIREMENTS ARE AVAILABLE ON OUR WEBSITE TO THE PUBLIC. OUR INTERNAL POLICIES ARE NOT CURRENTLY MADE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01781127
IRS990/TotalAssetsEOYAmt018931680
IRS990/TotalAssetsGrp/BOYAmt01781127
IRS990/TotalAssetsGrp/EOYAmt018931680
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt021331546
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt065357
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0383724
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03790538
IRS990/TotalFunctionalExpensesGrp/TotalAmt04239619
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071723
IRS990/TotalLiabilitiesEOYAmt059177
IRS990/TotalLiabilitiesGrp/BOYAmt071723
IRS990/TotalLiabilitiesGrp/EOYAmt059177
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01709404
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018872503
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03790538
IRS990/TotalReportableCompFromOrgAmt016850
IRS990/TotalRevenueGrp/ExclusionAmt071172
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt021402718
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01781127
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018931680
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt05794
IRS990/TravelGrp/ManagementAndGeneralAmt028098
IRS990/TravelGrp/ProgramServicesAmt027895
IRS990/TravelGrp/TotalAmt061787
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02770 ARAPAHOE RD
IRS990/USAddress/CityNm0LAFAYETTE
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080026
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTPS://WWW.LASTMILE-ED.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RUTHE FARMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07208814001
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAST MILE EDUCATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0LAST
ReturnHeader/Filer/EIN0880762233
ReturnHeader/Filer/PhoneNum07208814001
ReturnHeader/Filer/USAddress/AddressLine1Txt02770 ARAPAHOE RD
ReturnHeader/Filer/USAddress/CityNm0LAFAYETTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080026
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264022510
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARRIS & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01120 S RACKHAM WAY SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERIDIAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083642
ReturnHeader/PreparerPersonGrp/PhoneNum02083338965
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYCE MORRISON
ReturnHeader/ReturnTs02024-02-29T09:48:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RUTHE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FARMER
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,931,680
Liabilities
$59,177
Net assets
$18,872,503
Revenue
$21,402,718
Expenses
$4,239,619
Net income
$17,163,099
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.8$0.10$15.7$3.56$7.86$4.30
2024Detailed filing. Detailed filing data is available for this year.$20.1$0.11$20.0$7.34$6.30$1.04
2023Detailed filing. Detailed filing data is available for this year.$18.9$0.06$18.9$21.4$4.24$17.2
2022Detailed filing. Detailed filing data is available for this year.$1.78$0.07$1.71$1.78$0.08$1.71
Peer Organizations

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