Fentress County Education And Community Enhancement Foundation
- Assets
- $1.0m
- Revenue
- -$132.6k
- Investments
- $959.4k
- Employees
- 0
- Location
- Jamestown, TN
- Founding
- 03/1985
- Data as of
- 06/2022
- EIN
- 58-1537858
Organization Overview
Fentress County Education And Community Enhancement Foundation is located in Jamestown, TN. The organization was established in 1985. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fentress County Education And Community Enhancement 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 06/2022, Fentress County Education And Community Enhancement Foundation generated -$132.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $48.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fentress County Education And Community Enhancement Foundation has awarded 188 individual grants totaling $206,423. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONS AND GOVERNMENTAL ENTITIES FOR COMMUNITY ENHANCEMENT IN FENTRESS COUNTY TENNESSEE
TO PROVIDE TECHNICAL AND UNIVERSITY SCHOLARSHIPS TO FENTRESS CO HIGH SCHOOL STUDENTS3 STUDENTS RECEIVED ASSISTANCE DURING THE FISCAL YEAR 070120 TO 063021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Stepp Chairman | 2 | $0 | |
James Kirby Vice Chairman | 2 | $0 | |
Julie Linder President | 2 | $0 | |
Todd Burnett Scholarships | 2 | $0 | |
Bill Phipps Scholarships | 2 | $0 | |
Jo Ella Hancock Executive Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $3,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$136,690 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $809 |
| Total Revenue | -$132,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,864 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $460 |
| Printing and publications | $0 |
| Other expenses | $15,434 |
| Total operating and administrative expenses | $32,958 |
| Contributions, gifts, grants paid | $15,200 |
| Total expenses and disbursements | $48,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,531 |
| Savings and temporary cash investments | $7,411 |
| 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 | $1,013,333 |
| 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 |
Grants Awarded
Over the last fiscal year, Fentress County Education And Community Enhancement Foundation has awarded $14,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
YAI RENAISSANCE PROGRAM PURPOSE: RENAISSANCE PROGRAM | $2,500 |
CLARKRANGE RENAISSANCE PURPOSE: RENAISSANCE PROGRAM | $2,000 |
JAMESTOWN ROTARY PURPOSE: CHRISTMAS SHOPPING SPREE FOR NEEDY FAMILIES | $1,500 |
Jamestown, TN PURPOSE: COMMUNITY ENHANCEMENT | $1,500 |
YORK AGRICULTURAL INSTITUTE PURPOSE: COOKING CLUB 1000BASEBALL TEAM 100 CC 300 | $1,400 |
KURTIS BLEVINS PURPOSE: UNIVERSITY SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |