Muscle Shoals Education Foundation Inc
- Assets
- $101.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Muscle Shoals, AL
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-1227355
Organization Overview
Muscle Shoals Education Foundation Inc is located in Muscle Shoals, AL. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muscle Shoals Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Muscle Shoals Education Foundation Inc generated $61.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $74.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda King Executive Di | 20 | $0 | |
Christy Waters President | 2 | $0 | |
Amy Mcbride Vice Preside | 1.5 | $0 | |
Jenny Strickland Secretary | 1.5 | $0 | |
Willis Thompson Treasurer | 2 | $0 | |
Stephanie Saylor Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,802 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $813 |
| Gain or Loss | $8,812 |
| Net Income from Gaming & Fundraising | -$35,702 |
| Other Revenue | $0 |
| Total Revenue | $61,725 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,332 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,160 |
| Total expenses | $74,622 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,562 |
| Other assets | $0 |
| Total assets | $101,562 |
| Total liabilities | $1,368 |
| Net assets or fund balances | $100,194 |