Form 990 for tax year 2023
Filed by CLEVELAND COUNTY SCHOOLS EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $444,010
- Total expenses
- $289,966
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $437,789
- Investment income
- $6,221
- Other revenue
- $0
- Total assets, end of year
- $1,525,412
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,525,412
- Program services expenses (Part IX)
- $283,748
- Management and general expenses
- $34,520
- Fundraising expenses
- $20,037
- Program service expenses (Part III)
- $283,748
Program services were 97.9% 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.
-
2a · Program service revenue: Teacher Awards and Grants
total $86,750
-
2b · Program service revenue: Student Incentives
total $25,850
-
2c · Program service revenue: Golf Tournament
total $6,432
-
2d · Program service revenue: Scholarships/Donations
total $98,854
-
2f · All other program service revenue
total $219,903
-
3 · Investment income
total $6,221
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Teacher Awards Grants
total $66,482 · program services $66,482
-
24b · Other expenses: Student Achievement Scholarships
total $121,363 · program services $121,363
-
24c · Other expenses: Golf Tournament
total $6,218 · fundraising $6,218
-
24d · Other expenses: Student Incentives
total $9,564 · program services $9,564
-
24e · All other expenses
total $86,339 · program services $86,339 · management and general $34,520 · fundraising $13,819
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,356,679 · end of year $1,525,412
-
28 · Net assets with donor restrictions
beginning of year $1,356,679 · end of year $1,525,412
Mission and programs · 2023
Mission
The Foundation is organized and operated as a public charity exclusively for the educational purposes of the Cleveland County School System
Activities or mission (Part I)
To provide scholarships to students of Cleveland County Schools
-
The Foundation awards grants to teachers who develop unique instructional programs. We also award a single grant to the teacher nominated by their school administrator who best exemplifies teaching excellence in their school.
Expenses $66,482
-
Our goal is to provide a 500 scholarship to each graduating senior who was in the top 20 of their schools class and maintained a weighted 4.0 GPA throughout their high school careers. Our primary scholarship is the A. Mickey Church Scholarship. However the foundation oversees approximately 30 different scholarships.
Expenses $121,363
-
Students achievements are recognized for all students throughout the academic year. Recognitions are given for Math Day, Robotics, Spelling Bee, etc.
Expenses $9,564
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James R Davis
President
- Total calculated
- $0
- Hours/week
- 5
-
Dr Stephen Fisher
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Robert McDaniel
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Ben Cabaniss
Vice President
- Total calculated
- $0
- Hours/week
- 5
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
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413139349302576
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