Nonprofit · EIN 66-0652247
GUAM EDUCATION FINANCING FOUNDATION INC
Tax-exempt (reinstated) · CHARLESTON, SC 29403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,354,504 | $2,479,974 | -$1,125,470 | $11,505,048 | $10,344,759 | $1,160,289 |
| September 30, 2024 | 990 | $1,491,951 | $2,064,965 | -$573,014 | $16,862,806 | $14,577,047 | $2,285,759 |
| September 30, 2023 | 990 | $1,651,469 | $2,089,277 | -$437,808 | $21,529,608 | $18,670,835 | $2,858,773 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,000,000
- Investment income
- $162,352
- Other revenue
- $192,152
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $144,000
- Professional fundraising fees
- $0
- Accounting fees
- $22,500
- Travel
- $2,374
- Program services (functional)
- $1,431,093
- Management and general (functional)
- $1,048,881
Balance sheet and other
- Total assets, start of year
- $16,862,806
- Total assets, end of year
- $11,505,048
- Total liabilities, end of year
- $10,344,759
- Net assets, end of year
- $1,160,289
- Net assets without donor restrictions
- -$6,347,533
- Net assets with donor restrictions
- $7,507,822
- Gross receipts
- $1,354,504
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- GU
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN R HAND | PRESIDENT Trustee or director, Officer | 3 | $0 | $47,300 |
| JAMES R WILSON | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $47,300 |
| PHIL FLORES | DIRECTOR Trustee or director | 3 | $0 | $1,400 |
| MICHAEL C DOYLE | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MICHAEL J ALVAREZ | SECRETARY Officer | 3 | $0 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN R HAND | PRESIDENT Trustee or director, Officer | 3 | $64,133 |
| JAMES R WILSON | VICE PRESIDENT Trustee or director, Officer | 3 | $64,133 |
| PHIL FLORES | DIRECTOR Trustee or director | 3 | $2,800 |
| MICHAEL C DOYLE | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL J ALVAREZ | SECRETARY Officer | 3 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN R HAND | PRESIDENT Trustee or director, Officer | 3 | $0 |
| JAMES R WILSON | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| MICHAEL C DOYLE | DIRECTOR Trustee or director | 3 | $0 |
| PHIL FLORES | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL J ALVAREZ | SECRETARY Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 997 MORRISON DR STE 600, CHARLESTON, SC 29403-4380
- In care of
- % MR RICHARD B INMAN JR
- Principal officer (990 for 2024)
- JOHN HAND, 997 MORRISON DRIVE SUITE 600, CHARLESTON, SOUTH CAROLINA 29403, GQ
- Signed the 990
- JOHN HAND, PRESIDENT
- Phone
- (843) 804-6988
- Return prepared by
- FRAZIER & DEETER ADVISORY LLC
Mission
OPERATE BY HOLDING TITLE TO SCHOOLS TO BE CONSTRUCTED FOR THE BENEFIT OF AND LEASED TO THE GOVERNMENT OF GUAM.
Program accomplishments
- DEVELOP AND MAINTAIN LIGUAN ELEMENTARY SCHOOL, ASTUMBO MIDDLE SCHOOL, OKKODO HIGH SCHOOL AND ADACAO ELEMENTARY SCHOOL.Expenses $1,431,093 · revenue $1,000,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 66-0652247
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $11,505,048
- Income (IRS master file)
- $1,354,504
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- April 8, 2013
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,354,504 | $2,479,974 | $11,505,048 | XML |
| 990 | September 2024 | $1,491,951 | $2,064,965 | $16,862,806 | XML |
| 990 | September 2023 | $1,651,469 | $2,089,277 | $21,529,608 | XML |
| 990 | September 2022 | $1,482,033 | $1,908,671 | $25,948,768 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0652247).
Questions about GUAM EDUCATION FINANCING FOUNDATION INC
- What is the EIN of GUAM EDUCATION FINANCING FOUNDATION INC?
- The employer identification number (EIN) of GUAM EDUCATION FINANCING FOUNDATION INC is 66-0652247.
- Is GUAM EDUCATION FINANCING FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to GUAM EDUCATION FINANCING FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GUAM EDUCATION FINANCING FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GUAM EDUCATION FINANCING FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GUAM EDUCATION FINANCING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of GUAM EDUCATION FINANCING FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names JOHN HAND.
- Who are the officers and directors of GUAM EDUCATION FINANCING FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does GUAM EDUCATION FINANCING FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,354,504, expenses of $2,479,974 and total assets of $11,505,048 at year end.
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