Civic Intelligence

Germantown Education Foundation

990 • Fiscal year 2022 • EIN 20-5407626

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 15, 2022

3350 Forest Hill Irene RdGermantown, TN 38138

(901) 756-2309

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.18x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

35th percentile

-2.4%

Higher net margin than 35% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

94th percentile

$60,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 25.9% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

68th percentile

16%

Faster asset growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

31%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$233,958

Up $32,784 (+16%) from 2021

Net Assets

Down

$192,213

Down $5,609 (-2.8%) from 2021

Liabilities

Up

$41,745

Up $38,393 (+1145%) from 2021

Revenue

Up

$231,809

Up $55,095 (+31%) from 2021

Expenses

Up

$237,418

Up $38,412 (+19%) from 2021

Net Income

Up

-$5,609

Up $16,683 (+75%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $98,593Liabilities 2011: $0Net Assets 2011: $98,5932011Assets 2012: $105,711Liabilities 2012: $0Net Assets 2012: $105,7112012Assets 2013: $104,516Liabilities 2013: $0Net Assets 2013: $104,5162013Assets 2014: $103,481Liabilities 2014: $0Net Assets 2014: $103,4812014Assets 2015: $96,524Liabilities 2015: $0Net Assets 2015: $96,5242015Assets 2016: $192,438Liabilities 2016: $0Net Assets 2016: $192,4382016Assets 2017: $177,254Liabilities 2017: $0Net Assets 2017: $177,2542017Assets 2018: $140,381Liabilities 2018: $0Net Assets 2018: $140,3812018Assets 2019: $277,385Liabilities 2019: $63,663Net Assets 2019: $213,7222019Assets 2020: $234,276Liabilities 2020: $14,062Net Assets 2020: $220,2142020Assets 2021: $201,174Liabilities 2021: $3,352Net Assets 2021: $197,8222021Assets 2022: $233,958Liabilities 2022: $41,745Net Assets 2022: $192,2132022Assets 2023: $206,530Liabilities 2023: $2,762Net Assets 2023: $203,7682023Assets 2024: $269,346Liabilities 2024: $2,263Net Assets 2024: $267,0832024

Highlighted filing

2022

Assets$233,958
Liabilities$41,745
Net Assets$192,213

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $136,8312011Expenses 2012: $78,0482012Expenses 2013: $1,8652013Revenue 2014: $605Expenses 2014: $1,640Net Income 2014: -$1,0352014Revenue 2015: $6,791Expenses 2015: $13,748Net Income 2015: -$6,9572015Revenue 2016: $209,111Expenses 2016: $113,197Net Income 2016: $95,9142016Revenue 2017: $184,853Expenses 2017: $201,334Net Income 2017: -$16,4812017Revenue 2018: $208,218Expenses 2018: $245,091Net Income 2018: -$36,8732018Revenue 2019: $178,589Expenses 2019: $105,207Net Income 2019: $73,3822019Revenue 2020: $160,075Expenses 2020: $153,583Net Income 2020: $6,4922020Revenue 2021: $176,714Expenses 2021: $199,006Net Income 2021: -$22,2922021Revenue 2022: $231,809Expenses 2022: $237,418Net Income 2022: -$5,6092022Revenue 2023: $199,548Expenses 2023: $187,993Net Income 2023: $11,5552023Revenue 2024: $274,516Expenses 2024: $211,201Net Income 2024: $63,3152024

Highlighted filing

2022

Revenue$231,809
Expenses$237,418
Net Income-$5,609
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$274,969
Mission and Program Overview

Mission

Distribute funds for educational purposes to directly support the public education of children in germantown, tennessee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$61,808$206,669▲ $144,861
Cash and Non-Interest-Bearing Accounts$138,885$26,884▼ $112,001
Prepaid Expenses and Deferred Charges$481$205▼ $276
Accounts Receivable-$200-
Total Assets$201,174$233,958▲ $32,784
Liabilities
Grants Payable-$38,683-
Accounts Payable and Accrued Expenses$3,352$3,062▼ $290
Total Liabilities$3,352$41,745▲ $38,393
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$191,360$177,709▼ $13,651
Net Assets With Donor Restrictions$6,462$14,504▲ $8,042
Total Net Assets Fund Balance$197,822$192,213▼ $5,609
Total Liabilities and Net Assets / Fund Balance$201,174$233,958▲ $32,784
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robyn Rudisill End 0522Executive DiFT$60,000$60,000
Revenue and Support

Revenue Composition

Contributions and Grants
$168,892
Program Service Revenue
$0
Investment Income
$87
Other Revenue
$62,830
All Other Contributions
$4,500
Change in Net Assets
$-5,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$152,045
Salaries, Compensation, and Employee Benefits$68,627
Other Expenses$16,746
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$117,245--$117,245
Current Officers, Directors, Trustees, and Key Employees$60,000--$60,000
Grants to Domestic Individuals$34,800--$34,800
Fees for Services Accounting-$5,325-$5,325
Payroll Taxes-$4,877-$4,877
Other Salaries and Wages$3,750--$3,750
All Other Expenses-$1,810-$1,810
Office Expenses-$1,284-$1,284
Insurance-$1,014-$1,014
Other Expenses-$942-$942
Advertising-$750-$750
Total Functional Expenses$215,795$21,623$0$237,418
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dogwood Elementary SchoolGermantown, TN-Education$27,542
Houston Middle SchoolGermantown, TN-Education$25,880
Forest Hill Elementary SchoolGermantown, TN-Education$21,273
Farmington Elementary SchoolGermantown, TN-Education$19,762
Riverdale Elementary SchoolGermantown, TN-Education$10,505
Houston High SchoolGermantown, TN-Education$6,683
Germantown Online Academy of LearniGermantown, TN-Education$5,600
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$105,990
Fundraising Direct Expenses$43,160
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Color Run$105,990$105,990$41,304$64,686
Treasures for T$44,671-$1,521-
Total Events$166,182$105,990$43,160$62,830
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the executive director and the entire board. Upon their approval of the form 990, the officer signs and files the return with the irs.

Form 990, Page 6, Part VI, Line 19

Governing documents are available for review upon written request to the board of directors.

Filing and Contact Details

Filer

Filer Name
Germantown Education Foundation
EIN
20-5407626
Phone
9017562309
Address
3350 FOREST HILL IRENE RD, GERMANTOWN, TN 38138

Signing Officer

Name
Elaine Hare
Title
Executive Director
Phone
9017512309
Signed
2022-11-15

Organization Details

Principal Officer
Elaine Hare
Formed
2006
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
100

Preparer

Firm
Whitehorn Tankersley & Davis Pllc
Address
670 OAKLEAF OFFICE LANE, MEMPHIS, TN 38117-4811
Preparer
Lee E Hood
Phone
9017675080
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IRS990/MissionDesc0DISTRIBUTE FUNDS FOR EDUCATIONAL PURPOSES TO DIRECTLY SUPPORT THE PUBLIC EDUCATION OF CHILDREN IN GERMANTOWN, TENNESSEE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0197822
IRS990/NetAssetsOrFundBalancesEOYAmt0192213
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt062830
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0191360
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0177709
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01284
IRS990/OfficeExpensesGrp/TotalAmt01284
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1WEBSITE
IRS990/OtherExpensesGrp/Desc2BANK AND CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11967
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21554
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3942
IRS990/OtherExpensesGrp/TotalAmt02100
IRS990/OtherExpensesGrp/TotalAmt11967
IRS990/OtherExpensesGrp/TotalAmt21554
IRS990/OtherExpensesGrp/TotalAmt3942
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03750
IRS990/OtherSalariesAndWagesGrp/TotalAmt03750
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04877
IRS990/PayrollTaxesGrp/TotalAmt04877
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0481
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0205
IRS990/PrincipalOfficerNm0ELAINE HARE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0143848
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0122971
IRS990/PYInvestmentIncomeAmt032
IRS990/PYOtherExpensesAmt011445
IRS990/PYOtherRevenueAmt032834
IRS990/PYRevenuesLessExpensesAmt0-22292
IRS990/PYSalariesCompEmpBnftPaidAmt064590
IRS990/PYTotalExpensesAmt0199006
IRS990/PYTotalRevenueAmt0176714
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-5609
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt061808
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0206669
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0168892
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0143848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0134188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0122548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0235666
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0805142
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0267
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0484313
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93540
IRS990ScheduleA/PublicSupportPY170Pct00.94750
IRS990ScheduleA/PublicSupportTotal170Amt0753340
IRS990ScheduleA/SubstantialContributorsTotAmt051802
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0168892
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0143848
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0134188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0122548
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0235666
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0805142
IRS990ScheduleA/TotalSupportAmt0805409
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt060192
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt044671
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt015521
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt043160
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05K COLOR RUN
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TREASURES FOR T
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt027
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0308
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0335
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0105990
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt044671
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt015521
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0166182
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0105990
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0105990
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt062830
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt042825
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt041304
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01521
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt034800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0GIFT CARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0435
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt027542
IRS990ScheduleI/RecipientTable/CashGrantAmt119762
IRS990ScheduleI/RecipientTable/CashGrantAmt26683
IRS990ScheduleI/RecipientTable/CashGrantAmt325880
IRS990ScheduleI/RecipientTable/CashGrantAmt410505
IRS990ScheduleI/RecipientTable/CashGrantAmt521273
IRS990ScheduleI/RecipientTable/CashGrantAmt65600
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DOGWOOD ELEMENTARY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FARMINGTON ELEMENTARY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HOUSTON HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3HOUSTON MIDDLE SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4RIVERDALE ELEMENTARY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5FOREST HILL ELEMENTARY SCHOOL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$0.02$2.67$2.75$2.11$0.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.03$2.04$2.00$1.88$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.42$1.92$2.32$2.37$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.03$1.98$1.77$1.99$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.14$2.20$1.60$1.54$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.64$2.14$1.79$1.05$0.73
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.00$1.40$2.08$2.45$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.00$1.77$1.85$2.01$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.00$1.92$2.09$1.13$0.96
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.00$0.97$0.07$0.14$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.01$0.02$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$1.37