Albany R-Iii School District Foundation Inc is located in Albany, MO. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Albany R-Iii School District 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 06/2024, Albany R-Iii School District Foundation Inc generated $62.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $39.8k during the year ending 06/2024. While expenses have increased by 2.6% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS TO GRADUATES OF ALBANY R-III SCHOOL DISTRICT
FUNDING VARIOUS PROJECTS FOR ALBANY R-III SCHOOL DISTRICT
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Marsh President | 0 | $8,475 | |
Marissa Meyer Secretary | 0 | $1,500 | |
Paige Emery Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,942 |
| Interest on Savings | $3,361 |
| Dividends & Interest | $38,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $4,786 |
| Net ST Capital Gain | $139 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,975 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,061 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,286 |
| Total operating and administrative expenses | $18,202 |
| Contributions, gifts, grants paid | $21,618 |
| Total expenses and disbursements | $39,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,988 |
| Savings and temporary cash investments | $187,611 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,658,971 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Over the last fiscal year, Albany R-Iii School District Foundation Inc has awarded $21,618 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY HIGH SCHOOL PURPOSE: TO SUPPORT SCHOOL PROJECTSAND PROGRAMS | $518 |
ADDISYN CRAWFORD PURPOSE: SCHOLARSHIP | $2,200 |
AVA LANGFITT PURPOSE: SCHOLARSHIP | $500 |
JOCELYN ANTHONY PURPOSE: SCHOLARSHIP | $2,200 |
KILEY PICKERING PURPOSE: SCHOLARSHIP | $500 |
BRYCE MARTIN PURPOSE: SCHOLARSHIP | $500 |