Washington Township Schools Foundation Inc
- Assets
- $5.1m
- Revenue
- $1.3m
- Investments
- $4.1m
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 11/1985
- Data as of
- 06/2022
- EIN
- 31-1146508
Organization Overview
Washington Township Schools Foundation Inc is located in Indianapolis, IN. The organization was established in 1985. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Washington Township Schools Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Township Schools 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 06/2022, Washington Township Schools Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $914.1k during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING THE ACHIEVEMENTS OF WORLD-CLASS PUBLIC EDUCATION BY CONNECTING PRIVATE FUNDING TO INNOVATIVE PROGRAMS THAT BENEFIT OUR SCHOOLS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ENRICHMENT PROGRAMS BENEFITTING OVER 11,000 STUDENTS IN KINDERGARTEN THROUGH GRADE 12 IN THE PUBLIC SCHOOL TOWNSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Brock Williams Development Chair | OfficerTrustee | 2 | $0 |
Eric Broemel Member | Trustee | 2 | $0 |
Ashley Butz Member | Trustee | 2 | $0 |
Akilah Darden Member | Trustee | 2 | $0 |
Joan Grinkmeyer Member | Trustee | 2 | $0 |
Carey Hamilton Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,226 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,275,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,340,546 |
| Total Program Service Revenue | $27,612 |
| Investment income | $172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$201,320 |
| Net Income from Fundraising Events | $55,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,291,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $371,335 |
| Grants and other assistance to domestic individuals. | $94,957 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,399 |
| Compensation of current officers, directors, key employees. | $47,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,516 |
| Advertising and promotion | $10,968 |
| Office expenses | $3,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,566 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,935 |
| All other expenses | $1,750 |
| Total functional expenses | $914,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $769,583 |
| Investments—other securities | $4,053,452 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,063,661 |
| Accounts payable and accrued expenses | $11,320 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,400 |
| Total liabilities | $16,720 |
| Net assets without donor restrictions | $830,750 |
| Net assets with donor restrictions | $4,216,191 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,063,661 |