Totals
- Total revenue
- $2,826,393
- Total expenses
- $5,165,739
- Contributions and grants received
- $2,696,156
- Grants paid
- $0
- Program service revenue
- $104,646
- Investment income
- $21,964
- Other revenue
- $3,627
- Total assets, end of year
- $9,717,016
- Total liabilities, end of year
- $314,427
- Net assets or fund balances, end of year
- $9,402,589
- Program services expenses (Part IX)
- $2,531,210
- Management and general expenses
- $1,343,091
- Fundraising expenses
- $1,291,438
- Program service expenses (Part III)
- $2,531,210
Program services were 49.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,696,156
-
2a · Program service revenue: Administrative Fees
total $87,274 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $17,372 · unrelated business $0 · excluded $0
-
3 · Investment income
total $21,964 · unrelated business $0 · excluded $0
-
11a · Other revenue: Miscellaneous
total $3,627 · related or exempt $3,627 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$3,627
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $716,991 · program services $351,325 · management and general $186,418 · fundraising $179,248
-
9 · Other employee benefits
total $97,778 · program services $47,911 · management and general $25,422 · fundraising $24,445
-
10 · Payroll taxes
total $52,908 · program services $25,925 · management and general $13,756 · fundraising $13,227
-
11a · Fees: management
total $24,000 · program services $11,760 · management and general $6,240 · fundraising $6,000
-
12 · Advertising and promotion
total $32,090 · program services $15,724 · management and general $8,343 · fundraising $8,023
-
16 · Occupancy
total $28,287 · program services $13,861 · management and general $7,354 · fundraising $7,072
-
17 · Travel
total $10,660 · program services $5,224 · management and general $2,771 · fundraising $2,665
-
19 · Conferences, conventions and meetings
total $8,610 · program services $4,219 · management and general $2,238 · fundraising $2,153
-
22 · Depreciation, depletion and amortization
total $14,179 · program services $6,948 · management and general $3,686 · fundraising $3,545
-
23 · Insurance
total $14,107 · program services $6,912 · management and general $3,668 · fundraising $3,527
-
24a · Other expenses: Miscellaneous
total $61,162 · program services $29,969 · management and general $15,902 · fundraising $15,291
-
24b · Other expenses: Repairs
total $4,056 · program services $1,987 · management and general $1,055 · fundraising $1,014
-
24c · Other expenses: Telephone and internet
total $6,061 · program services $2,970 · management and general $1,576 · fundraising $1,515
-
24d · Other expenses: Continuing Education
total $11,291 · program services $5,532 · management and general $2,936 · fundraising $2,823
-
24e · All other expenses
total $4,083,559 · program services $2,000,943 · management and general $1,061,726 · fundraising $1,020,890
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,571,682 · end of year $1,270,432
-
3 · Pledges and grants receivable
beginning of year $1,450,479 · end of year $416,246
-
7 · Other notes and loans receivable
end of year $3,600,500
-
10a · Land, buildings and equipment: cost or other basis
$64,238
-
10b · Land, buildings and equipment: accumulated depreciation
$50,015
-
10c · Land, buildings and equipment, net
beginning of year $28,402 · end of year $14,223
-
11 · Investments: publicly traded securities
beginning of year $2,220,193 · end of year $1,220,720
-
15 · Other assets
beginning of year $1,981,895 · end of year $3,194,895
-
17 · Accounts payable and accrued expenses
beginning of year $101,824 · end of year $310,365
-
21 · Escrow or custodial account liability
beginning of year $1,981,895
-
23 · Secured mortgages and notes payable
end of year $4,062
-
25 · Other liabilities
beginning of year $29,490 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $3,157,547 · end of year $2,607,195
-
28 · Net assets with donor restrictions
beginning of year $1,981,895 · end of year $6,795,394
Mission and programs · 2022
Mission
Schoolseed is an independent nonprofit organization whose mission is to support public schools in Shelby County by: (1) Raising money for programs that federal, state, and local
-
We are razor focused on the delivery and improved outcomes by managing a variety of services and programs for the benefit of schools, educators, students, and parents. The Foundation's mission is to secure and manage private resources for the benefit of public education, coordinate community efforts to support public education, provide development and training opportunities to teachers and administrators, and to operate and support programs in schools dedicated to accelerating student achievement. Our body of work includes, but is not limited to : fiscal management of private support for public education; teacher retention and recognition projects: school-based projects that support students, teachers, and administrators; publication of a Resource Guide for Parents; recruiting, training, and deploying reading tutors for students PK-3rd grade; supports for effective teaching; leadership training; and special projects that attend to emerging needs. Our theory of change is predicated on the idea that capacity building in schools, support for teachers and leaders, rigorous curriculum, target setting, ongoing improvement of curriculum and instruction, and promoting effective practice will accerate student and school achievement. The Foundation's theory of action calls for: the building and sustaining of a collaborative partnership with school districts and their school-based leadership; building and sustaining of a collaborative partnership with the philanthropic and business community; providing supplementary supports to students, teachers, and administrators; and tracking and monitoring the progress of projects. The Foundation seeks to increase college attendance and graduation rates-a matter of equity; access, and community developent.
Expenses $2,531,210 · Grants $2,696,156 · Revenue $2,622,419
-
Sponsorships: support programs aimed at providing a specific initiative with funding. (5000+ persons benefited)
-
School specific initiatives: support programs aimed at specified schools for the schools most immediate needs. (3000+ persons benefited)
As filed on the 2022 return.
Listed in Part VII
-
William Mitchell
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Ken Foster
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Lisa Wheeler Jenkins
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Regina Walker
Director
- Total calculated
- $0
- Hours/week
- 0
-
David Cocke
Director
- Total calculated
- $0
- Hours/week
- 0
-
Beverly Cross
Director
- Total calculated
- $0
- Hours/week
- 0
-
Vincent McCaskill
President/ CEO
- Total calculated
- $159,316
- From this org
- $159,316
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,316
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $159,316
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311739349301556
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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