Franklin-Simpson Educational Excellence Foundation
- Assets
- $1.3m
- Revenue
- $270.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Franklin, KY
- Founding
- 03/1987
- Data as of
- 12/2021
- EIN
- 61-1107893
Organization Overview
Franklin-Simpson Educational Excellence Foundation is located in Franklin, KY. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Franklin-Simpson Educational Excellence Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin-Simpson Educational Excellence 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 12/2021, Franklin-Simpson Educational Excellence Foundation generated $270.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $148.6k during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 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
CREATE AND FOSTER A CLIMATE OF EDUCATIONAL OPPORTUNITIES FOR THE SIMPSON CO KY RESIDENTS BY PROVIDING GRANTS AND FUNDING SUPPORT TO ACHIEVE THIS GOAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND INCENTIVES FOR STUDENTS IN THE SIMPSON COUNTY SCHOOL SYSTEM TO PROMOTE QUALITY EDUCATION
FUNDING TO PROVIDE EQUIPMENT, CLASSES, SUPPLIES AND SUPPORT FOR THE VARIOUS LEVELS OF EDUCATION AND TEACHER APPRECIATION IN EFFORTS TO PROVIDE A QUALITY EDUCATION EXPERIENCE TO THE SIMPSON COUNTY SCHOOL SYSTEM AND STAFF WHICH INCLUDED HONORING ALUMNI FROM PAST GRADUATING CLASSES
ESL GRANT TO SIMPSON COUNTY LITERACY COUNCIL TO SUPPORT THEIR EFFORTS IN ADULT EDUCATION CLASSES IN SIMPSON COUNTY KY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Hendricks Secretary | OfficerTrustee | 1 | $3,876 |
Sarah Fuller President | OfficerTrustee | 1 | $0 |
Wes Marklin Vice President | OfficerTrustee | $0 | |
Kelly Harvey Director | Trustee | $0 | |
Brad Gregory Jr Director | Trustee | $0 | |
Kari Harris Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,244 |
| Total Program Service Revenue | $0 |
| Investment income | $98,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,638 |
| Net Income from Gaming Activities | $106,158 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,295 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $10,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,669 |
| All other expenses | $12 |
| Total functional expenses | $148,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,390 |
| Savings and temporary cash investments | $0 |
| 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 | $36 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,161,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,339,660 |
| Accounts payable and accrued expenses | $17,369 |
| 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 | $17,369 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,322,291 |
| Total liabilities and net assets/fund balances | $1,339,660 |
Grants Awarded
Over the last fiscal year, Franklin-Simpson Educational Excellence Foundation has awarded $74,782 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SIMPSON CO BOARD OF EDUCATION | | | $63,782 |
Franklin, KY | | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franklin-Simpson Educational Excellence Foundation has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |