Collierville Education Foundation Inc
- Assets
- $211.2k
- Revenue
- $215.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Collierville, TN
- Founding
- 11/1997
- Data as of
- 06/2022
- EIN
- 62-1693056
Organization Overview
Collierville Education Foundation Inc is located in Collierville, TN. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Collierville Education Foundation Inc 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, Collierville Education Foundation Inc generated $215.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $202.4k during the year ending 06/2022. While expenses have increased by 11.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ACADEMIC EXCELLENCE IN THE COLLIERVILLE SCHOOLS BY GENERATING AND DISTRIBUTING GRANTS DIRECTLY TO TEACHERS TO FURTHER ENRICH, ENHANCE AND EXPAND EVERY CHILD'S EDUCAITON
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS TO 10 SCHOOLS AND 200 TEACHERS IN THE COLLIERVILLE TENNESSEE SCHOOL SYSTEM FOR EQUIPMENT AND SUPPLIES PURCHASES. ALSO HOSTED ACTIVITIES FOR TEACHER APPRECIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Mcdaniel Secretary | Officer | 6 | $0 |
Chuck Lesnick Past President | Officer | 5 | $0 |
Eddie Maier President | Officer | 9 | $0 |
Liz Grasso Vice President | Officer | 2 | $0 |
Nikki Huffman Director | Trustee | 1 | $0 |
Chad Lindsay Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,596 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,632 |
| Noncash contributions included in lines 1a–1f | $380 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,228 |
| Total Program Service Revenue | $0 |
| Investment income | $2,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,102 |
| Net Income from Fundraising Events | -$4,837 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,586 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $80,717 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,476 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,048 |
| Office expenses | $4,302 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,922 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,527 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $380 |
| Total functional expenses | $202,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,961 |
| Savings and temporary cash investments | $22,337 |
| 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 | $104,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,218 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $211,218 |
| Total liabilities and net assets/fund balances | $211,218 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Collierville Education Foundation Inc has recieved totaling $39,066.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $27,500 |
Crews Family Foundation Collierville, TN PURPOSE: GENERAL - OPERATING | $10,000 |
Donna And Dave Nelson Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
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Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
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Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |