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Nonprofiteer
← THE CITY SCHOOLS FOUNDATION

Form 990 for tax year 2023

Filed by THE CITY SCHOOLS FOUNDATION.

Totals

Total revenue
$194,542
Total expenses
$162,186
Contributions and grants received
$205,515
Grants paid
$153,844
Program service revenue
$0
Investment income
$600
Other revenue
-$11,573
Total assets, end of year
$121,365
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$121,365
Program services expenses (Part IX)
$153,844
Management and general expenses
$8,342
Fundraising expenses
$0
Program service expenses (Part III)
$153,844

Program services were 94.9% 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

    $123,535

  • 1f · All other contributions, gifts and grants

    $81,980

  • 3 · Investment income

    total $600 · excluded $600

  • 8a · Fundraising events: gross income

    $7,315

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

    $123,535

  • 8b · Fundraising events: direct expenses

    $18,888

  • 8c · Net income from fundraising events

    total -$11,573 · excluded -$11,573

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $153,844 · program services $153,844

  • 11c · Fees: accounting

    total $6,087 · management and general $6,087

  • 23 · Insurance

    total $1,874 · management and general $1,874

  • 24a · Other expenses: MEETING EXPENSES

    total $287 · management and general $287

  • 24b · Other expenses: BANK FEES

    total $63 · management and general $63

  • 24c · Other expenses: PERMITS AND LICENSES

    total $31 · management and general $31

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,009 · end of year $121,365

  • 27 · Net assets without donor restrictions

    beginning of year $89,009 · end of year $121,365

Mission and programs · 2023

Mission

THE ORGANIZATION BENEFITS MURFREESBORO CITY SCHOOLS' 9,000 PLUS PRE-K THROUGH 6TH-GRADE STUDENTS AND SERVES AS A VENUE FOR OTHER FOUNDATIONS AND CORPORATIONS THAT CAN IMPACT THE SCHOOL SYSTEM AS A WHOLE. THE INTENT IS TO BRING LOCAL RESOURCES TO BEAR ON LOCAL NEEDS. THE GROUP WAS CHARTERED IN 2005. THE FOUNDATIONS GOALS ARE TO BOOST THE SCHOOL SYSTEM'S FINANCIAL SUPPORT IN THE AREAS OF SCIENCE AND MATH, ACADEMIC COMPETITION AND EXCELLENCE AMOUNG STUDENTS, AND TO ADDRESS THE PARITY IN ALL SCHOOLS.

Activities or mission (Part I)

THE PURPOSE OF THE FOUNDATION IS TO PROMOTE COMMUNITY SUPPORT FOR ENHANCEMENT OF THE EDUCATIONAL OPPORTUNITIES PROVIDED BY THE MURFREESBORO CITY SCHOOLS.

  • PROVIDE FUNDS TO MURFREESBORO CITY SCHOOLS

    Expenses $153,844 · Grants $153,844

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

Listed in Part VII

  • Joe Faiz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charlie Patel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ellen Slicker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Corcoran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Newwll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Essence Brisco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Calder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin Morgan Bayne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachel Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tamara Gwyn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Scott

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Katherine Layman

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Pascoe

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Justin Burriss

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349302959

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