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Filing year 2023

THE 506 FOUNDATION INC

Altamont, Kansas·EIN 56-2398236·NTEE B112 · Education·501(c)(3)
Total revenue
$73k
Total assets
$765k
Total expenses
$64k
Reported officers
9
Mission

OUR MISSION IS TO FOSTER EXCELLENCE IN EDUCATION BY FUNDING PROGRAMS THAT ENHANCE THE CAPABILITIES OF USD 506 SCHOOLS TO STIMULATE STUDENTS' ACADEMIC ACHIEVEMENT AND ENRICH THE LEARNING ENVIRONMENT.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations nationwide.

Treasurer
Below 10th percentile
$4k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE 506 FOUNDATION INC equaled 6% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
6%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE 506 FOUNDATION INC

What does the Chief Financial Officer of THE 506 FOUNDATION INC earn?

In 2023, the Chief Financial Officer of THE 506 FOUNDATION INC received $3,600 in total compensation. This pay is in the bottom 10% for Chief Financial Officer roles among Education organizations nationwide: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Chief Financial Officer pay at THE 506 FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Education organizations nationwide, the 2023 pay of the Chief Financial Officer at THE 506 FOUNDATION INC falls in the bottom 10%. In 2023, the highest total compensation at THE 506 FOUNDATION INC equaled 6% of the organization's total expenses. The median for education organizations is 7%.

What are THE 506 FOUNDATION INC's revenue and expenses?

In 2023, THE 506 FOUNDATION INC reported $73k in total revenue and $64k in total expenses on its IRS Form 990.

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