Underwood Gt Magnet Elementary School Foundation
- Assets
- $151.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/2015
- Data as of
- 06/2023
- EIN
- 46-5239516
Organization Overview
Underwood Gt Magnet Elementary School Foundation is located in Raleigh, NC. The organization was established in 2015. 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. Underwood Gt Magnet Elementary School Foundation 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 06/2023, Underwood Gt Magnet Elementary School Foundation generated $76.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $129.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL FUNDING DONATION FOR THE 2020 - 2021 SCHOOL YEAR TO WAKE COUNTY PUBLIC SCHOOLS - UNDERWOOD GT MAGNET ELEMENTARY SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Mcclain Treasurer | 5 | $0 | |
Kelly Propst President | 8 | $0 | |
Anne Waechter Principal | 2 | $0 | |
Sarah Gibbs Secretary | 5 | $0 | |
Erin Tillman Event Planning | 5 | $0 | |
Rebecca Schnapp Pta President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,132 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $41,090 |
| Other Revenue | $0 |
| Total Revenue | $76,222 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $183 |
| Other expenses | $6,235 |
| Total expenses | $129,682 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,266 |
| Other assets | $0 |
| Total assets | $151,266 |
| Total liabilities | $0 |
| Net assets or fund balances | $151,266 |