Civic Intelligence

Germantown Education Foundation

990 • Fiscal year 2023 • EIN 20-5407626

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 22, 2024

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

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

55th percentile

5.8%

Higher net margin than 55% of similar nonprofits.

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

Top Officer Pay

91st percentile

$43,750

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 21.9% of source-year revenue.

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

Asset Growth

30th percentile

-12%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

30th percentile

-14%

Faster revenue growth than 30% of similar nonprofits.

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

Assets

Down

$206,530

Down $27,428 (-12%) from 2022

Net Assets

Up

$203,768

Up $11,555 (+6.0%) from 2022

Liabilities

Down

$2,762

Down $38,983 (-93%) from 2022

Revenue

Down

$199,548

Down $32,261 (-14%) from 2022

Expenses

Down

$187,993

Down $49,425 (-21%) from 2022

Net Income

Up

$11,555

Up $17,164 (+306%) 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: $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

2023

Assets$206,530
Liabilities$2,762
Net Assets$203,768

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

2023

Revenue$199,548
Expenses$187,993
Net Income$11,555
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 22, 2024
Return Version
2022v5.0
Gross Receipts
$274,497
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$206,669$204,344▼ $2,325
Cash and Non-Interest-Bearing Accounts$26,884--
Other Notes and Loans Receivable, Net-$2,075-
Accounts Receivable$200--
Prepaid Expenses and Deferred Charges$205$111▼ $94
Total Assets$233,958$206,530▼ $27,428
Liabilities
Grants Payable$38,683--
Accounts Payable and Accrued Expenses$3,062$2,762▼ $300
Total Liabilities$41,745$2,762▼ $38,983
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$177,709$203,768▲ $26,059
Net Assets With Donor Restrictions$14,504--
Total Net Assets Fund Balance$192,213$203,768▲ $11,555
Total Liabilities and Net Assets / Fund Balance$233,958$206,530▼ $27,428
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elaine HareExecutive DiFT$43,750$43,750
Robyn RudisillExecutive DiFT$25,000$25,000
Revenue and Support

Revenue Composition

Contributions and Grants
$217,258
Program Service Revenue
$0
Investment Income
$798
Other Revenue
$-18,508
All Other Contributions
$58,815
Change in Net Assets
$11,555

Audited Revenue Reconciliation

Revenue per Audited Statements
$199,548
Revenue Not Reported on Form 990
$74,949
Total Revenue per Audited Statements
$274,497
Total Revenue per Form 990
$199,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,962
Salaries, Compensation, and Employee Benefits$45,213
Other Expenses$11,818
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$88,562--$88,562
Grants to Domestic Individuals$42,400--$42,400
Current Officers, Directors, Trustees, and Key Employees$14,000$28,000-$42,000
Fees for Services Accounting$1,157$2,314-$3,471
Payroll Taxes$1,071$2,142-$3,213
All Other Expenses$482$2,035-$2,517
Insurance$227$454-$681
Other Expenses$160$401-$561
Advertising$78$241-$319
Office Expenses$36$207-$243
Total Functional Expenses$149,019$38,974$0$187,993

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$262,942
Expenses per Audited Statements$187,993
Total Expenses per Form 990$187,993
Expenses Not Reported on Form 990$74,949
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Farmington Elementary SchoolGermantown, TN-Education$30,075
Houston High SchoolGermantown, TN-Education$18,517
Dogwood Elementary SchoolGermantown, TN-Education$16,930
Riverdale Elementary SchoolGermantown, TN-Education$12,890
Forest Hill Elementary SchoolGermantown, TN-Education$7,360
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$74,949
Fundraising Gross Income$56,441
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Color Run$87,538$56,441$65,045$-8,604
Friends of the$15,271---
Total Events$111,809$56,441$69,758$-13,317
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
2024-02-22

Organization Details

Principal Officer
Elaine Hare
Formed
2006
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
50

Preparer

Firm
Ata Pllc
Address
6525 N QUAIL HOLLOW SUITE 500, MEMPHIS, TN 38120
Preparer
Lee Hood
Phone
9016841170
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Direct fundraising expenses 74,949 direct fundraising expenses -74,949

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising expenses 74,949

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising expenses 74,949

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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT FUNDRAISING EXPENSES 74,949
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES 74,949
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05K COLOR RUN
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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
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.03$2.04$2.00$1.88$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$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