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Nonprofiteer
← THE SCHOOLS FOUNDATION INC

Form 990 for tax year 2023

Filed by THE SCHOOLS FOUNDATION INC.

Totals

Total revenue
$418,724
Total expenses
$453,141
Contributions and grants received
$397,171
Grants paid
$0
Program service revenue
$0
Investment income
$21,553
Other revenue
$0
Total assets, end of year
$934,314
Total liabilities, end of year
$2,887
Net assets or fund balances, end of year
$931,427
Program services expenses (Part IX)
$359,498
Management and general expenses
$48,683
Fundraising expenses
$44,960
Program service expenses (Part III)
$359,498

Program services were 79.3% 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)

    $83,750

  • 1f · All other contributions, gifts and grants

    $313,421

  • 3 · Investment income

    total $13,047 · excluded $13,047

  • 7a · Gross sales of assets other than inventory

    securities $52,109

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

    securities $43,603

  • 7c · Gain or loss

    securities $8,506

  • 7d · Net gain or loss

    total $8,506 · excluded $8,506

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $92,415 · program services $36,966 · management and general $29,573 · fundraising $25,876

  • 10 · Payroll taxes

    total $7,072 · program services $2,829 · management and general $2,263 · fundraising $1,980

  • 11c · Fees: accounting

    total $18,238 · program services $7,295 · management and general $5,836 · fundraising $5,107

  • 12 · Advertising and promotion

    total $4,064 · management and general $2,032 · fundraising $2,032

  • 13 · Office expenses

    total $1,838 · program services $735 · management and general $588 · fundraising $515

  • 16 · Occupancy

    total $3,900 · program services $1,560 · management and general $1,248 · fundraising $1,092

  • 17 · Travel

    total $347 · program services $139 · management and general $111 · fundraising $97

  • 19 · Conferences, conventions and meetings

    total $172 · program services $69 · management and general $55 · fundraising $48

  • 23 · Insurance

    total $1,162 · program services $465 · management and general $372 · fundraising $325

  • 24a · Other expenses: OTHER PROGRAMS

    total $119,707 · program services $119,707

  • 24b · Other expenses: PRINCIPALLY SPEAKING

    total $95,301 · program services $95,301

  • 24c · Other expenses: NBCT

    total $75,800 · program services $75,800

  • 24d · Other expenses: PATRONS AND PLAYERS

    total $10,375 · program services $10,375

  • 24e · All other expenses

    total $22,750 · program services $8,257 · management and general $6,605 · fundraising $7,888

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $428,716 · end of year $294,155

  • 2 · Savings and temporary cash investments

    beginning of year $66,158 · end of year $189,164

  • 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 $57,701 · end of year $38,988

  • 12 · Investments: other securities

    beginning of year $377,227 · end of year $412,007

  • 25 · Other liabilities

    beginning of year $2,209 · end of year $2,887

  • 27 · Net assets without donor restrictions

    beginning of year $638,180 · end of year $781,328

  • 28 · Net assets with donor restrictions

    beginning of year $289,413 · end of year $150,099

Mission and programs · 2023

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 $107,814

  • THE SCHOOLS FOUNDATION IMPLEMENTED A NEW PROGRAM - PATRONS AND PLAYERS. THS FUND EXISTS TO SUPPORT THE EXTRACURRICULAR ENDEAVORS OF ELIGIBLE STUDENTS THROUGH FINANCIAL DONATIONS FROM INDIVIDUALS, SPONSORS, AND FAMILIES. WE BELIEVE THAT NO STUDENT SHOULD BE LEFT ON THE SIDELINES BASED ON FIANCIAL NEED. THE PROGRAM SUPPORTS ACTIVITIES TO INCLUDE BUT ARE NOT LIMITED TO SCHOOL, CLUB, AND CITY LEAGUE SPORTS AS WELL AS MUSIC, DRAMA AND ART EXTRACURRICULARS.

    Expenses $13,028

  • 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 $85,505

  • Expenses $153,151

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Beth Wilson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Paige Nix

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Taron Thorpe

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Drew Hartt Yarbrough

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Libby Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Light

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat Garner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Fanning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Barnard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erin Cobb

    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

  • Debra West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tammy Summerville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sydney Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amber Montgomery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Cordonis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Forbes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Greer

    EXECUTIVE DIRECTOR

    Total calculated
    $20,417
    From this org
    $20,417
    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
2023
Filed
26 February 2025
IRS schema version
2023v6.0
Source object
202500579349301600

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