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CHARITY REVIEW
Issued: August 2026 Expires: August 2028

Everett Public Schools Foundation

Standards Not Met
Standards Not Met
11
(425) 385-4693
Post Office Box 3112
Everett, WA, 98213
https://www.everettsd.org/epsf
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Everett Public Schools Foundation does not meet the following 1 Standards for Charity Accountability:

Standard 11 (Financial Statements)
Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

EPSF does not meet this Standard because:

  • Although the organization reported total revenue in the amount of $970,160 for the year ended August 31, 2025, EPSF states it does not have CPA-reviewed financial statements.

Everett Public Schools Foundation meets the remaining 19 Standards for Charity Accountability.

Stated Purpose:
"to make a difference in education apart from State funding, primarily through community involvement and private donations, both corporate and individual."

Year, State Incorporated:
1985, WA

Everett Public Schools Foundation (EPSF) reports that it provides funding for innovative and critical programs to support student success. The organization’s programs focus on early learning, student needs and well-being, and college, career, and life readiness. EPSF’s Classroom Grants program offers funding to enhance the core curriculum through hands-on projects that engage students with real-world experiences. The College, Career, and Life Readiness program plans college exploration field trips for all district eighth-grade students, provides tuition support for summer school, and offers college and career-bound scholarships. In 2024, EPSF reports it distributed over $119,000 in college and career-bound scholarships, and $60,000 in classroom funding through 115 grants.

For the year ended August 31, 2025, Everett Public Schools Foundation's program expenses were:

Classroom grants $419,183
Scholarships and grants $166,250
Total Program Expenses $585,433

Chief Executive
Kay Fantin, Executive Director

Compensation*
$88,110

Chair of the Board
Heather Morrow

Chair's Profession / Business Affiliation
Community Volunteer

Board Size
23

Paid Staff Size
3

*2024 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Planned giving arrangements, Workplace Giving

Fundraising costs were 6% of related contributions. (Related contributions, which totaled $662,722, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Everett Public Schools Foundation's IRS Form 990 for the year ended August 31, 2025.

Source of Funds
Contributions $443,531
Gain on sales of assets, net $182,820
In-kind contributions $122,500
Investment income $77,861
Special events, net $59,374
Everett Public Schools contract $40,000
Government grants $37,317
Fund management fee $6,757
Total Income $970,160

Programs: 81% Fundraising: 5% Administrative: 14%

Total Income $970,160
Total expenses: $724,608
  Program expenses $585,433
  Fundraising expenses $37,332
  Administrative expenses $101,843
  Other expenses $0
Income in Excess of Expenses $245,552
Beginning Net Assets $2,720,456
Other Changes In Net Assets $0
Ending Net Assets $2,958,292
Total Liabilities $2,603
Total Assets $2,960,895

Note: According to the organization's IRS Form 990 for the year ended August 31, 2025, EPSF received in-kind contributions totaling $122,500 in the form of school supplies and backpacks.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Great West - Pacific