Shelby County Education Foundation
- Assets
- $49.0k
- Revenue
- $7.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Germantown, TN
- Founding
- 02/2002
- Data as of
- 12/2020
- EIN
- 62-1862441
Organization Overview
Shelby County Education Foundation is located in Germantown, TN. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2020, Shelby County Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelby County Education 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 12/2020, Shelby County Education Foundation generated $7.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (64.2%) each year. All expenses for the organization totaled $58.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shelby County Education Foundation has awarded 21 individual grants totaling $13,294,114. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNITY SUPPORT FOR THE ENHANCEMENT OF HIGH QUALITY EDUCATION FOR THE STUDENTS AND STAFF IN THE SHELBY COUNTY SCHOOL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING HIGH QUALITY PRE K INSTRUCTION FOR THE 2020-2021 SCHOOL YEAR FOR SCHOOL DISTRICTS IN SHELBY COUNTY.
FUNDING HIGH QUALITY PRE K INSTRUCTION FOR THE 2020-2021 SCHOOL YEAR FOR SCHOOL DISTRICTS IN SHELBY COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne K Polly Executive Di | Officer | 15 | $24,750 |
Charla Sparks Secretary | OfficerTrustee | 1 | $0 |
Jeff Bryant President | OfficerTrustee | 1 | $0 |
Nykesha Cole Treasurer | OfficerTrustee | 1 | $0 |
Richard Mcbryde Vice Preside | OfficerTrustee | 1 | $0 |
Alvis Otero Director | Trustee | 1 | $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 | $7,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,666 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $44,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,631 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $2,726 |
| All other expenses | $0 |
| Total functional expenses | $58,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,015 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,015 |
| Accounts payable and accrued expenses | $839 |
| 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 | $839 |
| Net assets without donor restrictions | $48,176 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $49,015 |
Grants Awarded
Over the last fiscal year, Shelby County Education Foundation has awarded $1,547,567 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SHELBY COUNTY SCHOOLS PURPOSE: PRE K INSTRUCTION | $901,761 |
ACHIEVEMENT SCHOOLS DISTRICT PURPOSE: PRE K INSTRUCTION | $347,448 |
MILLINGTON MUNICIPAL SCHOOLS PURPOSE: PRE K INSTRUCTION | $111,822 |
BARTLETT CITY SCHOOLS PURPOSE: PRE K INSTRUCTION | $97,812 |
UHC SCHOOL HEALTH GRANT | | | $88,724 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shelby County Education Foundation has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Southern Health Plan Inc Chattanooga, TN PURPOSE: GENERAL SUPPORT | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Hudsonalpha Foundation Huntsville, AL | $65,481,044 | $7,640,212 |