Civic Intelligence

Wythe County Public Schools Foundation for Excellence Inc.

990 • Fiscal year 2023 • EIN 20-0831149

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 24, 2024

1570 West Reservoir StreetWytheville, VA 24382

(276) 228-5411

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.20x

Higher debt load relative to assets than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

83rd percentile

41%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

70th percentile

27%

Faster revenue growth than 70% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$215,446

Up $62,498 (+41%) from 2022

Net Assets

Up

$173,254

Up $60,098 (+53%) from 2022

Liabilities

Up

$42,192

Up $2,400 (+6.0%) from 2022

Revenue

Up

$347,782

Up $74,929 (+27%) from 2022

Expenses

Up

$287,683

Up $75,574 (+36%) from 2022

Net Income

Down

$60,099

Down $645 (-1.1%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2011: $69,621Liabilities 2011: $12,115Net Assets 2011: $57,5062011Assets 2012: $100,899Liabilities 2012: $12,807Net Assets 2012: $88,0922012Assets 2013: $248,291Liabilities 2013: $21,377Net Assets 2013: $226,9142013Assets 2014: $179,234Liabilities 2014: $58,908Net Assets 2014: $120,3262014Assets 2015: $193,968Liabilities 2015: $81,330Net Assets 2015: $112,6382015Assets 2016: $170,036Liabilities 2016: $56,740Net Assets 2016: $113,2962016Assets 2017: $185,369Liabilities 2017: $38,757Net Assets 2017: $146,6122017Assets 2018: $162,022Liabilities 2018: $108,525Net Assets 2018: $53,4972018Assets 2019: $91,848Liabilities 2019: $33,491Net Assets 2019: $58,3572019Assets 2020: $41,213Liabilities 2020: $12,017Net Assets 2020: $29,1962020Assets 2021: $128,107Liabilities 2021: $75,695Net Assets 2021: $52,4122021Assets 2022: $152,948Liabilities 2022: $39,792Net Assets 2022: $113,1562022Assets 2023: $215,446Liabilities 2023: $42,192Net Assets 2023: $173,2542023Assets 2024: $179,306Liabilities 2024: $39,792Net Assets 2024: $139,5142024

Highlighted filing

2023

Assets$215,446
Liabilities$42,192
Net Assets$173,254

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $145,759Expenses 2011: $202,052Net Income 2011: -$56,2932011Revenue 2012: $235,547Expenses 2012: $191,152Net Income 2012: $44,3952012Revenue 2013: $482,929Expenses 2013: $344,107Net Income 2013: $138,8222013Revenue 2014: $323,503Expenses 2014: $430,091Net Income 2014: -$106,5882014Revenue 2015: $250,908Expenses 2015: $298,426Net Income 2015: -$47,5182015Revenue 2016: $183,852Expenses 2016: $183,195Net Income 2016: $6572016Revenue 2017: $244,120Expenses 2017: $210,804Net Income 2017: $33,3162017Revenue 2018: $268,276Expenses 2018: $256,001Net Income 2018: $12,2752018Revenue 2019: $222,940Expenses 2019: $218,080Net Income 2019: $4,8602019Revenue 2020: $202,154Expenses 2020: $231,315Net Income 2020: -$29,1612020Revenue 2021: $132,327Expenses 2021: $109,111Net Income 2021: $23,2162021Revenue 2022: $272,853Expenses 2022: $212,109Net Income 2022: $60,7442022Revenue 2023: $347,782Expenses 2023: $287,683Net Income 2023: $60,0992023Revenue 2024: $208,335Expenses 2024: $242,075Net Income 2024: -$33,7402024

Highlighted filing

2023

Revenue$347,782
Expenses$287,683
Net Income$60,099
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 24, 2024
Return Version
2022v5.0
Gross Receipts
$347,782
Mission and Program Overview

Mission

The foundation for excellence partners with the community to provide education enhancements in wythe county public schools

The foundation for excellence partners with the community to enhance the educational experience in wythe county public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$144,727$200,411▲ $55,684
Savings and Temporary Cash Investments$7,296$9,110▲ $1,814
Prepaid Expenses and Deferred Charges$925$5,925▲ $5,000
Total Assets$152,948$215,446▲ $62,498
Liabilities
Other Liabilities$38,000$38,000→ $0
Accounts Payable and Accrued Expenses-$2,400-
Escrow Account Liability$1,792$1,792→ $0
Total Liabilities$39,792$42,192▲ $2,400
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,574$109,680▲ $60,106
Net Assets With Donor Restrictions$63,582$63,574▼ $8
Total Net Assets Fund Balance$113,156$173,254▲ $60,098
Total Liabilities and Net Assets / Fund Balance$152,948$215,446▲ $62,498
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lorie WyattChair
Mike JonesVice Chair
Barbara RudolpBoard Member
Debbie MoodyBoard Member
Erin GwynnBoard Member
Kevin DaltonBoard Member
Lisa WiilsBoard Member
Meredith JonesBoard Member
Nancy MuncyBoard Member
Rusty JonesBoard Member
Amanda GillmanCo-ex Director
Ami ScottCo-ex Director
Becki JamesEx-officio
Jenna DereusSecretary
Anna SmythersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$343,808
Program Service Revenue
$3,903
Investment Income
$71
Other Revenue
$0
All Other Contributions
$343,808
Change in Net Assets
$60,099

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$104,450Dollar Amt Paid
Other Non Cash Contri Table$13,000Dollar Amt Paid
Other Non Cash Contri Table$6,500Invoice W/amt
Total Noncash Contributions$123,950-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$269,144
Salaries, Compensation, and Employee Benefits$10,000
Other Expenses$8,539
Total Fundraising Expense$2,946
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$242,671--$242,671
Grants to Domestic Individuals$26,473--$26,473
Current Officers, Directors, Trustees, and Key Employees-$10,000-$10,000
Advertising-$1,650$2,296$3,946
Insurance$180$1,943$200$2,323
Fees for Services Accounting-$1,125-$1,125
Fees for Services Other-$25$450$475
Office Expenses-$293-$293
Other Expenses-$271-$271
Total Functional Expenses$269,324$15,413$2,946$287,683
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spiller Elem SchWytheville, VA-Room/sch$14,000
Max Meadows EsMax Meadows, VA-Room/sch$12,760
Ft Chiswell HsMax Meadows, VA-Room/sch$10,500
Ft Chiswell MsMax Meadows, VA-Room/sch$9,950
Scott Memorial MWytheville, VA-Room/sch$9,700
Rural Retreat EsRural Retre, VA-Room/sch$8,575
Rural Retreat MsRural Retre, VA-Room/sch$6,450
George Wythe HsWytheville, VA-Room/sch$6,155
Sheffey El SchWytheville, VA-Room/sch$5,175
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable$38,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

The executive director provides a copy of the tax return to the board for review before filing.

Form 990, Part VI, Line 19

Documents are the form 990 are available upon request, on the foundation website and on guidestar.

Filing and Contact Details

Filer

Filer Name
Wythe County Schools Foundatio
EIN
20-0831149
Address
1570 WEST RESERVOIR STREET, WYTHEVILLE, VA 24382

Signing Officer

Name
Ami Scott
Title
Co-executive Director
Phone
2762285411
Signed
2024-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ami Scott
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Leslie E Farthing CPA
Address
845 Black Lick Road, Wytheville, VA 24382
Preparer
Leslie E Farthing
Phone
2766205254
Supplemental Narrative

Financial Statement Notes

Part V, Lines 1B and 2B

The foundation for excellence acts as fiscal agent for the p

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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0173254
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0109680
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherExpensesGrp/Desc0CORPORATE FEES
IRS990/OtherExpensesGrp/Desc1POSTAGE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0106
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1271
IRS990/OtherExpensesGrp/TotalAmt0106
IRS990/OtherExpensesGrp/TotalAmt1271
IRS990/OtherLiabilitiesGrp/BOYAmt038000
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IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05925
IRS990/PrincipalOfficerNm0AMI SCOTT
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IRS990/ProgramServiceRevenueGrp/Desc0SPECIAL EVENTS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03903
IRS990/ProgSrvcAccomActy2Grp/Desc0FUNDS ARE EXPENDED EXCLUSIVELY TO PROVIDE FINANCIAL ASSISTANCE IN
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt026473
IRS990/ProgSrvcAccomActy3Grp/Desc0NEWLY IMPLEMENTED LAST YEAR WAS A LEADERSHIP PROGRAM IN WHICH FUNDS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt093623
IRS990/ProgSrvcAccomActy3Grp/GrantAmt059074
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IRS990/PYContributionsGrantsAmt0272085
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYTotalExpensesAmt0212109
IRS990/PYTotalRevenueAmt0272853
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IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt060099
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07296
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09110
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SPECIAL EVENTS- REGISTRATIONS $3855
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0168396
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt070704
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt018413
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.97870
IRS990ScheduleA/PublicSupportTotal170Amt01159390
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0343808
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0212978
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IRS990ScheduleA/TotalSupportAmt01178055
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IRS990ScheduleD/EndingBalanceAmt01792
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIPS PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOR EXCELLENCE ACTS AS FISCAL AGENT FOR THE P
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt160273
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CLASSROOM GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt132
IRS990ScheduleI/RecipientTable/CashGrantAmt010500
IRS990ScheduleI/RecipientTable/CashGrantAmt16155
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IRS990ScheduleI/RecipientTable/CashGrantAmt312760
IRS990ScheduleI/RecipientTable/CashGrantAmt48575
IRS990ScheduleI/RecipientTable/CashGrantAmt56450
IRS990ScheduleI/RecipientTable/CashGrantAmt69700
IRS990ScheduleI/RecipientTable/CashGrantAmt75175
IRS990ScheduleI/RecipientTable/CashGrantAmt814000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.40$1.40$2.08$2.42$0.34
2023Detailed filing. Detailed filing data is available for this year.$2.15$0.42$1.73$3.48$2.88$0.60
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.40$1.13$2.73$2.12$0.61
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.76$0.52$1.32$1.09$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.12$0.29$2.02$2.31$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.33$0.58$2.23$2.18$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$1.09$0.53$2.68$2.56$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.39$1.47$2.44$2.11$0.33
2016Detailed filing. Detailed filing data is available for this year.$1.70$0.57$1.13$1.84$1.83$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.94$0.81$1.13$2.51$2.98$0.48
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.59$1.20$3.24$4.30$1.07
2013Summary only. Only limited summary data is available for this year.$2.48$0.21$2.27$4.83$3.44$1.39
2012Summary only. Only limited summary data is available for this year.$1.01$0.13$0.88$2.36$1.91$0.44
2011Summary only. Only limited summary data is available for this year.$0.70$0.12$0.58$1.46$2.02$0.56