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Guam Education Financing Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Community Improvement, Capacity Building N.E.C. (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Sept. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$1.65M (2023)

Expenses
$2.09M (2023)

Total Assets
$21.5M (2023)

Total Liabilities
$18.7M (2023)

Years with missing data
Source: Form 990 tax filings from 2008 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,651,469
Expenses
$2,089,277
Net Income
-$437,808
Net Assets
$2,858,773
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,000,000
60.6%
Investment Income $445,727
27.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $205,742
12.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,529,608
Total Liabilities $18,670,835
Net Assets $2,858,773
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John R Hand (President) $0 $0 $0
James R Wilson (Vice President) $0 $0 $0
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $0 $0
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,482,033
Expenses
$1,908,671
Net Income
-$426,638
Net Assets
$3,296,581
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,000,000
67.5%
Investment Income $482,033
32.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,948,768
Total Liabilities $22,652,187
Net Assets $3,296,581
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $0 $0 $0
John R Hand (President) $0 $0 $0
James R Wilson (Vice President) $0 $0 $0
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $0 $0
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,580,175
Expenses
$1,952,384
Net Income
-$372,209
Net Assets
$3,723,220
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,000,000
63.3%
Investment Income $580,175
36.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,475,205
Total Liabilities $26,751,985
Net Assets $3,723,220
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $0 $0 $0
John R Hand (President) $0 $0 $0
James R Wilson (Vice President) $0 $0 $0
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $0 $0
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,194,638
Expenses
$2,160,258
Net Income
$34,380
Net Assets
-$812,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,000,000
45.6%
Investment Income $1,194,638
54.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,654,474
Total Liabilities $30,466,839
Net Assets -$812,365
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $0 $0 $0
John R Hand (President) $0 $0 $0
James R Wilson (Vice President) $0 $0 $0
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $0 $0
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,261,967
Expenses
$2,271,977
Net Income
-$10,010
Net Assets
-$846,745
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,000,000
44.2%
Investment Income $1,261,967
55.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $33,229,315
Total Liabilities $34,076,060
Net Assets -$846,745
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $0 $0 $0
John R Hand (President) $0 $0 $0
James R Wilson (Vice President) $0 $0 $0
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $0 $0
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,118,239
Expenses
$2,424,701
Net Income
-$306,462
Net Assets
-$836,735
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,015,593
47.9%
Investment Income $1,102,646
52.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,590,461
Total Liabilities $38,427,196
Net Assets -$836,735
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $0 $0 $0
John R Hand (President) $0 $0 $0
James R Wilson (Vice President) $0 $0 $0
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $0 $0
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,204,630
Expenses
$2,339,730
Net Income
-$135,100
Net Assets
-$530,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,000,207
45.4%
Investment Income $1,204,423
54.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $42,050,365
Total Liabilities $42,580,638
Net Assets -$530,273
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $0 $0 $0
John R Hand (President) $0 $0 $0
James R Wilson (Vice President) $0 $0 $0
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $0 $0
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,160,663
Expenses
$8,966,542
Net Income
-$1,805,879
Net Assets
$5,958,211
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,100,000
99.2%
Investment Income $11,459
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $49,204
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $87,750
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $49,156,660
Total Liabilities $43,198,449
Net Assets $5,958,211
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $0 $0 $0
John R Hand (President) $0 $0 $0
James R Wilson (Vice President) $0 $0 $0
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $0 $0
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,100,833
Expenses
$8,236,106
Net Income
-$1,135,273
Net Assets
$7,764,089
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,100,000
100.0%
Investment Income $833
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $121,000
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $59,698,346
Total Liabilities $51,934,257
Net Assets $7,764,089
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $0 $1,000 $30,250
John R Hand (President) $0 $1,000 $30,250
James R Wilson (Vice President) $0 $1,000 $30,250
Michael C Doyle (Director) $0 $0 $0
Phil Flores (Director) $0 $1,000 $30,250
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,325,823
Expenses
$6,446,902
Net Income
-$1,121,079
Net Assets
$8,899,362
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,325,000
100.0%
Investment Income $823
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $91,750
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $64,206,193
Total Liabilities $55,306,831
Net Assets $8,899,362

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,272,176
Expenses
$9,163,758
Net Income
-$1,891,582
Net Assets
$10,020,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,271,135
100.0%
Investment Income $1,041
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $121,750
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $69,903,458
Total Liabilities $59,883,017
Net Assets $10,020,441
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard B Inman Jr (Treasurer) $1,000 $0 $38,200
John R Hand (President) $1,000 $0 $39,800
James R Wilson (Vice President) $1,000 $0 $39,000
Phil Flores (Director) $1,000 $0 $0
Micahel C Doyle (Director) $0 $0 $750
Michael J Alvarez (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,101,120
Expenses
$10,021,361
Net Income
-$2,920,241
Net Assets
$11,912,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,100,000
100.0%
Investment Income $1,120
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $117,750
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $75,408,753
Total Liabilities $63,496,730
Net Assets $11,912,023

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,150,124
Expenses
$9,116,762
Net Income
-$1,966,638
Net Assets
$21,139,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,100,000
99.3%
Investment Income $50,124
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $128,000
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $93,765,170
Total Liabilities $72,626,060
Net Assets $21,139,110

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2008

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,063,015
Expenses
$3,693,348
Net Income
$3,369,667
Net Assets
$23,105,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,350,000
89.9%
Investment Income $713,015
10.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $127,700
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $99,124,313
Total Liabilities $76,018,565
Net Assets $23,105,748

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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