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Nonprofiteer
← BLOUNT COUNTY EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by BLOUNT COUNTY EDUCATION FOUNDATION INC.

Totals

Total revenue
$2,935,325
Total expenses
$2,979,986
Contributions and grants received
$2,875,337
Grants paid
$2,917,373
Program service revenue
$0
Investment income
$59,988
Other revenue
$0
Total assets, end of year
$1,679,592
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,679,592
Program services expenses (Part IX)
$2,964,247
Management and general expenses
$8,677
Fundraising expenses
$7,062
Program service expenses (Part III)
$2,964,247

Program services were 99.5% 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.

  • 1c · Fundraising events

    $344,800

  • 1e · Government grants (contributions)

    $44,259

  • 1f · All other contributions, gifts and grants

    $2,486,278

  • 1g · Noncash contributions included above

    $1,415,827

  • 3 · Investment income

    total $59,988 · related or exempt $59,988

  • 8a · Fundraising events: contributions included on line 1c

    $344,800

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,917,373 · program services $2,917,373

  • 5 · Compensation of officers, directors and key employees

    total $44,400 · program services $42,180 · management and general $2,220

  • 11c · Fees: accounting

    total $1,403 · management and general $1,403

  • 12 · Advertising and promotion

    total $6,299 · fundraising $6,299

  • 13 · Office expenses

    total $10,052 · program services $4,235 · management and general $5,054 · fundraising $763

  • 19 · Conferences, conventions and meetings

    total $459 · program services $459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,150 · end of year $275,368

  • 2 · Savings and temporary cash investments

    beginning of year $971,092 · end of year $621,986

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

    $605

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

    $605

  • 11 · Investments: publicly traded securities

    beginning of year $724,761 · end of year $782,238

  • 18 · Grants payable

    beginning of year $9,750

  • 27 · Net assets without donor restrictions

    beginning of year $483,384 · end of year $328,770

  • 28 · Net assets with donor restrictions

    beginning of year $1,240,869 · end of year $1,350,822

Mission and programs · 2024

Mission

THE BLOUNT COUNTY EDUCATION FOUNDATION, INC. WAS INCORPORATED AS A NONPROFIT ORGANIZATION ON NOVEMBER 18, 1998 TO PROMOTE ACADEMIC EXCELLENCE IN BLOUNT COUNTY SCHOOLS.

  • PROVIDE DIRECT GRANTS TO TEACHER CLASSROOMS.

    Expenses $2,963,788 · Grants $2,917,373

  • PROVIDE FUNDS TO SUPPORT STUDENTS AT-RISK

  • PROVIDE FUNDS FOR OTHER ACTIVITIES SUPPORTING PUBLIC EDUCATION

    Expenses $459

  • THE FOUNDATION MADE GRANTS TO ASSIST TEACHERS IN FUNDING CLASSROOM NEEDS, A SUMMER ACADEMY, AND PROVIDING FOR AT-RISK TUTORING, MATERIALS, SCHOLARS BOWL, SPELLING BEE, AND A GRADUATION CELEBRATION.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tamra Doty Alldredge

    MEMBER

    Total calculated
    $0

  • Gregg Armstrong

    MEMBER

    Total calculated
    $0

  • Kenan Benton

    MEMBER

    Total calculated
    $0

  • Amalia Contreras

    MEMBER

    Total calculated
    $0

  • Wes Dillard

    2ND VICE PRE

    Total calculated
    $0

  • Chris Green

    MEMBER

    Total calculated
    $0

  • Jeff Hallmark

    PRESIDENT

    Total calculated
    $0

  • David Hamm

    MEMBER

    Total calculated
    $0

  • Pam Hazelrig

    MEMBER

    Total calculated
    $0

  • James P Henderson

    MEMBER

    Total calculated
    $0

  • Sharonda Holmes

    TREASURER

    Total calculated
    $0

  • Denise Martin

    ASSISTANT TR

    Total calculated
    $0

  • Kimberly Russell

    MEMBER

    Total calculated
    $0

  • Jackie Sivley

    VICE PRESIDE

    Total calculated
    $0

  • Angela Whittington

    MEMBER

    Total calculated
    $0

  • Amy Williamson

    SECRETARY

    Total calculated
    $0

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

  • BLOUNT COUNTY BOARD OF EDUCATION

    $2,874,151

    SUPPORT ACADEMIC EXC

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.0
Source object
202541299349302664

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