Decatur City Schools Foundation
- Assets
- $2.2m
- Revenue
- $350.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Decatur, AL
- Founding
- 08/1992
- Data as of
- 09/2021
- EIN
- 58-2004353
Organization Overview
Decatur City Schools Foundation is located in Decatur, AL. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Decatur City Schools Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decatur City Schools 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 09/2021, Decatur City Schools Foundation generated $350.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $424.0k during the year ending 09/2021. While expenses have increased by 8.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL SUPPORT OF DECATUR CITY SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF DECATUR CITY SCHOOLS PROGRAMS
COLLEGE SCHOLARSHIPS AWARDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ressa Chittam Secretary | OfficerTrustee | 1 | $0 |
Drei Marthaler Treasurer | OfficerTrustee | 1 | $0 |
Penny Townson President | OfficerTrustee | 1 | $0 |
Zach Starnes Vice Preside | OfficerTrustee | 1 | $0 |
Jerry Baker Director | Trustee | 1 | $0 |
Ashley Ashwander Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,764 |
| Related organizations | $0 |
| Government grants | $73,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,231 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,695 |
| Total Program Service Revenue | $0 |
| Investment income | $32,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,385 |
| Net Income from Fundraising Events | $22,472 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $295,417 |
| Grants and other assistance to domestic individuals. | $26,012 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,206 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,982 |
| Fees for services: Other | $9,796 |
| Advertising and promotion | $1,960 |
| Office expenses | $2,313 |
| Information technology | $2,421 |
| Royalties | $0 |
| Occupancy | $1,775 |
| Travel | $532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $920 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,561 |
| All other expenses | $0 |
| Total functional expenses | $424,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,763 |
| Savings and temporary cash investments | $42,551 |
| 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 | $2,027,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $307 |
| Total assets | $2,176,927 |
| Accounts payable and accrued expenses | $20,251 |
| 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 | $0 |
| Total liabilities | $20,251 |
| Net assets without donor restrictions | $1,032,916 |
| Net assets with donor restrictions | $1,123,760 |
| 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 | $2,176,927 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Decatur City Schools Foundation has recieved totaling $25,603.
| Awarding Organization | Amount |
|---|---|
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $20,000 |
Sexton Family Charitable Foundation Decatur, AL PURPOSE: RESEARCH & EDUCATION | $3,000 |
Baker Foundation Decatur, AL PURPOSE: CHARITABLE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $103 |
Endowment Analysis
| Beg. Balance | $1,088,361 |
| Earnings | $67,720 |
| Grants | $32,321 |
| Ending Balance | $1,123,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |