Indiana · Nonprofit
CARMEL CLAY EDUCATION FOUNDATION
CARMEL CLAY EDUCATION FOUNDATION (Indiana) receives grants from 7 organizations whose IRS filings report $554,491 to it, the largest being HAMILTON COUNTY COMMUNITY FOUNDATION INC ($457,855). 3 of them have funded it in more than one year, and 88% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $627k
- Funders on record
- 7
- Grants received
- $554k
- Net assets
- $2.7M
What Carmel Clay Education Foundation does
Mission
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.
As stated on its FY2025 Form 990.
Programs
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.
$341,807 spentof which $149,611 as grants79% of program spendingAwarded 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.
$27,389 spentof which $27,389 as grants6% of program spendingAllocated $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.
$16,081 spentof which $16,081 as grants4% of program spendingAchieve 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…
$49,159 spent11% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $434,436.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $2.2M to $2.5M (+13%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 9% · 2024 3% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
76% of CARMEL CLAY EDUCATION FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jennifer Penix
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $59k → $85k.
3 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 88% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of CARMEL CLAY EDUCATION FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CARMEL CLAY EDUCATION FOUNDATION leans on a few funders — its largest provides 83% of grant income and the top three 98%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CARMEL CLAY EDUCATION FOUNDATION.
Largest funder’s share by year: 2017 100% · 2019 57% · 2020 70% · 2021 56% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
88% of CARMEL CLAY EDUCATION FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $68k that is directly attributable, 93% of it comes from Indiana funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $486k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CARMEL CLAY EDUCATION FOUNDATION runs a healthier operating margin than half of the 16,849 education nonprofits its size.
this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025
Organizations like CARMEL CLAY EDUCATION FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for CARMEL CLAY EDUCATION FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CARMEL CLAY EDUCATION FOUNDATION?
- CARMEL CLAY EDUCATION FOUNDATION (Indiana) receives grants from 7 organizations whose IRS filings report $554,491 to it, the largest being HAMILTON COUNTY COMMUNITY FOUNDATION INC ($457,855). 3 of them have funded it in more than one year, and 88% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does CARMEL CLAY EDUCATION FOUNDATION have?
- IRS filings report 7 organizations giving $554,491 in grants to CARMEL CLAY EDUCATION FOUNDATION, 3 of which have funded it in more than one year.
- Who is the largest funder of CARMEL CLAY EDUCATION FOUNDATION?
- HAMILTON COUNTY COMMUNITY FOUNDATION INC is the largest funder on record, with $457,855 in grants. The full list of funders is on this page.
- How can an organization like CARMEL CLAY EDUCATION FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing