Cherokee County Educational Foundation Inc
- Assets
- $523.5k
- Revenue
- $395.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Canton, GA
- Founding
- 03/2014
- Data as of
- 06/2024
- EIN
- 90-0902351
Organization Overview
Cherokee County Educational Foundation Inc is located in Canton, GA. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Cherokee County Educational 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 06/2024, Cherokee County Educational Foundation Inc generated $395.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $288.8k during the year ending 06/2024. While expenses have increased by 17.9% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
RAISING AWARENESS, FUNDS FOR CHEROKEE COUNTY SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT GRANTS: THE FOUNDATION ACCEPTS APPLICATIONS FOR ITS IMPACT GRANTS TO ENCOURAGE AND SUPPORT INNOVATIVE, CREATIVE IDEAS IN TEACHING AS WELL AS LEARNING IN THE CHEROKEE COUNTY SCHOOL DISTRICT. THE FOUNDATION AWARDED 42,541 THROUGH GRANTS TO 26 SCHOOLS AND/OR TEAMS DURING FISCAL YEAR 2023.
OTHER GRANTS BENEFITTING CCSD SCHOOLS, TEACHERS AND STUDENTS: THESE INCLUDED 19,633 OF RAPID GRANTS TO ALL SCHOOLS FOR VARIOUS SCHOOL USES, 17,400 DONATION TO CHEROKEE COUNTY SPECIAL OLYMPICS, 19,900 IN SCHOLARSHIPS TO CCSD'S FIRST REACH GEORGIA SCHOLARS, AS WELL AS 1,000 IN OTHER STUDENT SCHOLARSHIPS DURING FISCAL YEAR 2023.
STRATEGIC GRANTS: THE FOUNDATION PRESENTS THESE GRANTS FOR DISTRICT-LEVEL INITIATIVES THAT ARE NOT FULLY FUNDED BY THE SCHOOL DISTRICT BUDGET. THERE IS NO CAP ON GRANTS AWARDED. THE FOUNDATION AWARDED 64,200 TO DEPARTMENTS AND/OR SCHOOLS DURING FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Hayes Board Presid | Officer | 5 | $0 |
Kevin Williams Board VP | Officer | 5 | $0 |
Candler Howell Board Treasu | Officer | 5 | $0 |
Kathy Strom Board Secret | Officer | 5 | $0 |
Lisa-Marie Haygood Executive Di | Officer | 40 | $73,490 |
Dr Brian V Hightower Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,926 |
| Fundraising events | $260,847 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,509 |
| Total Program Service Revenue | $0 |
| Investment income | $18,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,673 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,617 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,211 |
| 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 | $74,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,132 |
| Payroll taxes | $5,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $395 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,373 |
| 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 | $1,357 |
| All other expenses | $6,780 |
| Total functional expenses | $288,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,464 |
| Savings and temporary cash investments | $11 |
| 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 | $523,475 |
| 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 | $523,475 |
| 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 | $523,475 |