Bearden Middle School Foundation Inc
- Assets
- $56.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 09/2018
- Data as of
- 06/2023
- EIN
- 82-3990732
Organization Overview
Bearden Middle School Foundation Inc is located in Knoxville, TN. The organization was established in 2018. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Bearden Middle School 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 06/2023, Bearden Middle School Foundation Inc generated $54.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $64.4k during the year ending 06/2023. While expenses have increased by 6.9% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO BEARDEN MIDDLE SCHOOL FOR EDUCATIONAL OPPORTUNITIES, PROGRAMS, SERVICES, PROJECTS AND CAPITAL EXPENDITURES FOR WHICH FUNDING FROM GOVERNMENT AND OTHER PUBLIC SOURCES IS INSUFFICIENT. FUNDS RAISED DURING THE CURRENT FISCAL YEAR ARE EARMARKED AND BUDGETED FOR SUPPORT GRANTS IN THE SUBSEQUENT SCHOOL YEAR. THE FOUNDATION DONATED 3,995 TO BEARDEN MIDDLE SCHOOL FOR THE PURPOSE OF SUPPORTING EDUCATIONAL UPGRADES DURING FY23, 47,681 FOR UPGRADES TO THE AUDITORIUM, AND 10,398 FOR ATHLETIC PROGRAM EXPENSES AND UPGRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Mcmurry IV Treasurer/di | 0 | $0 | |
Jonathan Wimmer Director | 0 | $0 | |
Meredith Weaver Secretary/di | 0 | $0 | |
Yegi Cole Director | 0 | $0 | |
Jonathan Fortner Director | 0 | $0 | |
Shane Jackson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,704 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $216 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$5,248 |
| Other Revenue | $0 |
| Total Revenue | $54,672 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,440 |
| Total expenses | $64,440 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,200 |
| Other assets | $0 |
| Total assets | $56,200 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,200 |