Mceachern Endowment Fund Inc

The information for Mceachern Endowment Fund Inc is as of the organization's most recent filing in May 2020. This organization is located in Powder Springs, GA. It has been in existence for 30 years, following its founding in 1990.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Mceachern Endowment Fund Inc's NTEE code is T23. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "23" tells us that the organization is a Private Operating Foundation. The NTEE describes Private Operating Foundations as private foundations that use a bulk of their resources to provide charitable services or run charitable programs of their own. They make few, if any, grants to outside organizations and, like private independent foundations, they generally do not raise funds from the public.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Mceachern Endowment Fund Inc is to support Mceachern High School.

Program Areas

The Support of McEachern High School in Powder Springs, Georgia is dedicated to enabling the school to purchase equipment, construct and maintain buildings, maintain grounds, and buy supplies and materials for the school.

Organization Staffing

Mceachern Endowment Fund Inc has 11 employees, with one of them being paid over $100k according to the organization's most recent 990 tax filing. There are no volunteers supporting the paid staff.

Board Governance

The Mceachern Endowment Fund Inc is an organization that is well-governed. It has five voting members and five independent members, which ensures a balanced decision-making process. The organization does not have any potential conflicts of interest, and has not delegated management to an outside firm. Board and committee meetings are documented, and the organization has a conflict of interest policy, a written whistleblower policy, and a document retention policy. The organization also substantiates and reviews leadership and officer salaries, and provides copies of the 990 to the board prior to filing. All of these factors combined demonstrate that the Mceachern Endowment Fund Inc is an organization that is well-governed and committed to transparency and accountability.

Organization Growth

The Mceachern Endowment Fund Inc has seen mixed results over the past five years. Contributions and Grants Received decreased, while Investment Income increased. Other Revenue and Total Employees both decreased, while Total Revenue and Employee Salaries increased. Overall, Total Expenses decreased and the organization appears to have grown in size.