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Nonprofiteer
← THE SCHOOLS FOUNDATION INC

Form 990 for tax year 2022

Filed by THE SCHOOLS FOUNDATION INC.

Totals

Total revenue
$603,241
Total expenses
$429,530
Contributions and grants received
$589,635
Grants paid
$0
Program service revenue
$0
Investment income
$13,606
Other revenue
$0
Total assets, end of year
$929,802
Total liabilities, end of year
$2,209
Net assets or fund balances, end of year
$927,593
Program services expenses (Part IX)
$338,627
Management and general expenses
$48,871
Fundraising expenses
$42,032
Program service expenses (Part III)
$338,627

Program services were 78.8% 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.

  • 1e · Government grants (contributions)

    $78,750

  • 1f · All other contributions, gifts and grants

    $510,885

  • 3 · Investment income

    total $8,814 · excluded $8,814

  • 7a · Gross sales of assets other than inventory

    securities $45,945

  • 7b · Less cost or other basis and sales expenses

    securities $41,153

  • 7c · Gain or loss

    securities $4,792

  • 7d · Net gain or loss

    total $4,792 · excluded $4,792

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $98,659 · program services $39,464 · management and general $30,584 · fundraising $28,611

  • 10 · Payroll taxes

    total $7,545 · program services $3,018 · management and general $2,339 · fundraising $2,188

  • 11c · Fees: accounting

    total $10,083 · program services $4,033 · management and general $3,126 · fundraising $2,924

  • 12 · Advertising and promotion

    total $5,179 · management and general $2,589 · fundraising $2,590

  • 13 · Office expenses

    total $1,531 · program services $612 · management and general $475 · fundraising $444

  • 16 · Occupancy

    total $3,900 · program services $1,560 · management and general $1,209 · fundraising $1,131

  • 19 · Conferences, conventions and meetings

    total $402 · fundraising $402

  • 23 · Insurance

    total $1,129 · program services $452 · management and general $350 · fundraising $327

  • 24a · Other expenses: OTHER PROGRAMS

    total $123,931 · program services $123,931

  • 24b · Other expenses: NBCT

    total $82,406 · program services $82,406

  • 24c · Other expenses: PRINCIPALLY SPEAKING

    total $74,900 · program services $74,900

  • 24d · Other expenses: COMPUTER SOFTWARE

    total $4,653 · management and general $4,653

  • 24e · All other expenses

    total $15,212 · program services $8,251 · management and general $3,546 · fundraising $3,415

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $263,279 · end of year $428,716

  • 2 · Savings and temporary cash investments

    beginning of year $90,844 · end of year $66,158

  • 10a · Land, buildings and equipment: cost or other basis

    $3,618

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,618

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $36,000 · end of year $57,701

  • 12 · Investments: other securities

    beginning of year $340,512 · end of year $377,227

  • 25 · Other liabilities

    beginning of year $2,923 · end of year $2,209

  • 27 · Net assets without donor restrictions

    beginning of year $593,822 · end of year $638,180

  • 28 · Net assets with donor restrictions

    beginning of year $133,890 · end of year $289,413

Mission and programs · 2022

Mission

THE MISSION OF THE SCHOOLS FOUNDATION IS TO CREATE HIGHER EXPECTATIONS AND WIDESPREAD COMMUNITY SUPPORT FOR THE SCHOOLS IN MADISON COUNTY, LEADING TO WORLD-CLASS PERFORMANCE OF PRINCIPALS, TEACHERS AND STUDENTS.

Activities or mission (Part I)

THE MISSION OF THE SCHOOLS FOUNDATION IS TO CREATE HIGHER EXPECTATIONS AND WIDESPREAD COMMUNITY SUPPORT FOR THE SCHOOLS IN MADISON COUNTY, LEADING TO WORLD-CLASS PERFORMANCE OF PRINCIPALS, TEACHERS, AND STUDENTS

  • PRINCIPALLY SPEAKING IS A MODEL OF PROFESSIONAL DEVELOPMENT DESIGNED TO STRENGTHEN LEADERSHIP SKILLS AND TO BUILD A SUSTAINABLE NETWORK OF PROFESSIONAL SUPPORT AMONG PRINCIPALS. THROUGH A SERIES OF MEETINGS DESIGNED TO ENHANCE LEADERSHIP SKILLS, PRINCIPALS NETWORK AND LEARN FROM EACH OTHER, FOCUSING ON PRACTICES THAT SUPPORT EFFECTIVE TEACHING AND ACADEMIC ACHIEVEMENT FOR ALL STUDENTS. THE PRINCIPALLY SPEAKING NETWORK FOCUSES ON INSTRUCTION-BASED ISSUES, LOOKING AT PROCESSES, PRACTICES AND PROTOCOLS. THE GREATER THE DETAIL AND DEPTH OF THE PEER-DISCUSSION OF ANY ISSUE, THE GREATER THE OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT AND THE GREATER THE VALUE TO THE PARTICIPANT. THE LEVEL OF ACTIVE INVOLVEMENT OF PRINCIPALS IS DETERMINED BY THE SUPPORT OF THE SUPERINTENDENT. FUNDING FROM THE STATE OF ALABAMA IS USED TO FURTHER THE REACH OF PRINCIPALLY SPEAKING NETWORK ACROSS NORTH ALABAMA.

    Expenses $90,494

  • THE SCHOOLS FOUNDATION RECENTLY IMPLEMENTED THE PROGRAM RECHARGE OUR TEACHERS! RECHARGE OUR TEACHERS IS A TSF PROGRAM WHICH INCLUDES HIGH QUALITY TEACHER TRAINING FOR NEW TEW TEACHERS AS WELL AS ONLINE RECHARGE RESOURCES FOR ALL TEACHERS WHICH PROVIDES HANDS-ON CONTENT FOR TEACHERS AND STAFF THAT FOCUSES ON MENTAL HEALTH AND OVERALL WELLNESS. THE IN-PERSON TRAINING AND THE RECHARGE RESOURCES ARE TAILORED TO THE NEEDS OF TODAY'S EDUCATORS, PROVIDING ENGAGING TRAINING ON EDUCATIONAL TOPICS SUCH AS: PARENT COMMUNICATION, CLASSROOM MANAGEMENT, EFFECTIVE LESSON PLANNING, STUDENT ENGAGEMENT AND MENTAL HEALTH STRATEGIES THAT WILL HELP EDUCATORS NAVIGATE LIFE'S CHALLENGES. THROUGHOUT THE YEAR, RECHARGE WILL HAVE DIFFERENT PROGRAMS AND EVENTS THAT ENGAGE TEACHERS BEYOND THE CLASSROOM.

    Expenses $4,674

  • NBCT - RAISE YOUR HAND IS A BOLD INITIATIVE TO HAVE THE NATION'S HIGHEST CONCENTRATION OF NATIONAL BOARD CERTIFIED TEACHERS, OR NBCTS, IN OUR HUNTSVILLE CITY, MADISON CITY, AND MADISON COUNTY SCHOOL SYSTEMS. NATIONAL BOARD CERTIFICATION IS THE MOST RESPECTED PROFESSIONAL CERTIFICATION AVAILABLE IN K-12 EDUCATION. THE INITIATIVE IS A PARTNERSHIP OF THE CREATIVE CITIES FUND, THE PHILANTHROPIC ARM OF THE HUNTSVILLE COMMITTEE OF 100, AND THE SCHOOLS FOUNDATION. THE $1 MILLION GOAL WILL FUND 500 NEW NBCTS IN FIVE YEARS ACROSS THE THREE SCHOOL SYSTEMS IN MADISON COUNTY.

    Expenses $99,127

  • RESTRICTED CONTRIBUTION DISBURSEMENTS - FROM TIME TO TIME, INDIVIDUAL DONATIONS ARE RECEIVED FOR SPECIFIC SCHOOLS AND FUNCTIONS SUCH AS FIELD TRIPS. THESE FUNDS ARE DISBURSED AS REQUESTED BY THE DONORS. GREENPOWER USA IS A STEM BASED INITIATIVE THAT ENGAGES STUDENTS BY UTILIZING AND STRENGTHENING THE STUDENTS' SKILL SETS TO DESIGN, BUILD, AND RACE AN ELECTRIC CAR.

    Expenses $144,332

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bob Berinato

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Mary Beth Wilson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Drew Hartt Yarbrough

    SECRETARY

    Total calculated
    $0
    Hours/week
    4
  • Paige Nix

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Pat Garner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sarah Fanning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lt Gen Willie Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bekah Schmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Taron Thorpe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Laura Barnard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lori Light

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Wooten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melanie Forbes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristina Minyard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shannon Neblett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Debro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie M Kelley

    EXECUTIVE DIRECTOR

    Total calculated
    $71,452
    From this org
    $71,452
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431369349310013

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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