Civic Intelligence

Germantown Education Foundation

990 • Fiscal year 2024 • EIN 20-5407626

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 06, 2025

3350 Forest Hill Irene RdGermantown, TN 38138

(901) 751-2309

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$70,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 25.5% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

79th percentile

30%

Faster asset growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

38%

Faster revenue growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$269,346

Up $62,816 (+30%) from 2023

Net Assets

Up

$267,083

Up $63,315 (+31%) from 2023

Liabilities

Down

$2,263

Down $499 (-18%) from 2023

Revenue

Up

$274,516

Up $74,968 (+38%) from 2023

Expenses

Up

$211,201

Up $23,208 (+12%) from 2023

Net Income

Up

$63,315

Up $51,760 (+448%) from 2023

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

2024

Assets$269,346
Liabilities$2,263
Net Assets$267,083

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

2024

Revenue$274,516
Expenses$211,201
Net Income$63,315
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 6, 2025
Return Version
2023v6.0
Gross Receipts
$314,211
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$204,344$254,445▲ $50,101
Cash and Non-Interest-Bearing Accounts-$5,765-
Pledges and Grants Receivable-$5,000-
Other Notes and Loans Receivable, Net$2,075$4,136▲ $2,061
Prepaid Expenses and Deferred Charges$111--
Total Assets$206,530$269,346▲ $62,816
Liabilities
Accounts Payable and Accrued Expenses$2,762$2,263▼ $499
Total Liabilities$2,762$2,263▼ $499
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$203,768$252,579▲ $48,811
Net Assets With Donor Restrictions-$14,504-
Total Net Assets Fund Balance$203,768$267,083▲ $63,315
Total Liabilities and Net Assets / Fund Balance$206,530$269,346▲ $62,816
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elaine HareExecutive DirectorFT$70,000$70,000

Board Members and Trustees

NameTitle
Joni HesterPresident
Clark KelmanVice President
Courtney BrowningDirector
Dr Manjit KaurDirector
Gary YenserDirector
Laura ClarkDirector
Melissa PutnamDirector
Mike HarlessDirector
Monica BurtDirector
Nikki HuffmanDirector
Sophia ColeDirector
Stephanie DraughonDirector
Rees HodgesCompliance Officer
Jessica ComasSecretary
Chris RoetkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$249,168
Program Service Revenue
$0
Investment Income
$3,657
Other Revenue
$21,691
All Other Contributions
$40,211
Change in Net Assets
$63,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$99,546
Salaries, Compensation, and Employee Benefits$85,896
Other Expenses$25,759
Total Fundraising Expense$6
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$98,346--$98,346
Other Salaries and Wages$39,896$39,896-$79,792
All Other Expenses$3,460$3,293-$6,753
Payroll Taxes$3,052$3,052-$6,104
Fees for Services Accounting$1,563$3,713-$5,276
Other Expenses$595$1,098-$1,693
Grants to Domestic Individuals$1,200--$1,200
Insurance$525$605$6$1,136
Office Expenses$187$226-$413
Travel$76--$76
Advertising-$8-$8
Total Functional Expenses$153,075$58,120$6$211,201
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Forest Hill Elementary SchoolGermantown, TN-Education$24,014
Houston High SchoolGermantown, TN-Education$20,563
Dogwood Elementary SchoolGermantown, TN-Education$14,981
Riverdale Elementary SchoolGermantown, TN-Education$13,818
Houston Middle SchoolGermantown, TN-Education$12,021
Germantown Online Academy of LearningGermantown, TN-Education$9,550
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,386
Fundraising Direct Expenses$39,695
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Color Run$71,929$38,976$25,936$13,040
Gala$18,855$4,900$875$4,025
Total Events$120,343$61,386$39,695$21,691
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, Part VI, Section B, 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, Part VI, Section C, 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
9017512309
Address
3350 FOREST HILL IRENE RD, GERMANTOWN, TN 38138

Signing Officer

Name
Joni Hester
Title
President
Phone
9017512309
Signed
2025-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joni Hester
Formed
2006
Legal Domicile
Tn
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
50

Preparer

Firm
Ata Advisory LLC
Address
6525 N QUAIL HOLLOW RD STE 500, MEMPHIS, TN 38120
Preparer
Lee Hood
Phone
9016841170
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IRS990/MissionDesc0DISTRIBUTE FUNDS FOR EDUCATIONAL PURPOSES TO DIRECTLY SUPPORT THE PUBLIC EDUCATION OF CHILDREN IN GERMANTOWN, TENNESSEE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0203768
IRS990/NetAssetsOrFundBalancesEOYAmt0267083
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt021691
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt021691
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0203768
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0252579
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0226
IRS990/OfficeExpensesGrp/ProgramServicesAmt0187
IRS990/OfficeExpensesGrp/TotalAmt0413
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SOFTWARE
IRS990/OtherExpensesGrp/Desc1GIFT/PRIZE EXPENSE
IRS990/OtherExpensesGrp/Desc2ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3INTERNET
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04074
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1205
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21950
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31098
IRS990/OtherExpensesGrp/ProgramServicesAmt01675
IRS990/OtherExpensesGrp/ProgramServicesAmt12500
IRS990/OtherExpensesGrp/ProgramServicesAmt2595
IRS990/OtherExpensesGrp/TotalAmt05749
IRS990/OtherExpensesGrp/TotalAmt12705
IRS990/OtherExpensesGrp/TotalAmt21950
IRS990/OtherExpensesGrp/TotalAmt31693
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039896
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039896
IRS990/OtherSalariesAndWagesGrp/TotalAmt079792
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02075
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04136
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03052
IRS990/PayrollTaxesGrp/ProgramServicesAmt03052
IRS990/PayrollTaxesGrp/TotalAmt06104
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0111
IRS990/PrincipalOfficerNm0JONI HESTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0217258
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0130962
IRS990/PYInvestmentIncomeAmt0798
IRS990/PYOtherExpensesAmt011818
IRS990/PYOtherRevenueAmt0-18508
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt011555
IRS990/PYSalariesCompEmpBnftPaidAmt045213
IRS990/PYTotalExpensesAmt0187993
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0199548
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt063315
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0204344
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0254445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02491166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0217258
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0168892
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0143848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03021164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03657
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0798
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04574
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0287520
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99850
IRS990ScheduleA/PublicSupportPY170Pct00.96570
IRS990ScheduleA/PublicSupportTotal170Amt03021164
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02491166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0217258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0168892
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0143848
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03021164
IRS990ScheduleA/TotalSupportAmt03025738
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/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0855
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt0385
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01240
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt058957
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt032953
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt013955
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt012049
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt039695
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05K COLOR RUN
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt094
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt02227
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02321
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt071929
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018855
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt029559
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0120343
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt038976
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt04900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt017510
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt061386
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021691
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt01878
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt028689
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt025936
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0875
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0900
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02405
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt04140
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt07445
IRS990ScheduleG/LicensedStatesCd0TN
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/CashGrantAmt014981
IRS990ScheduleI/RecipientTable/CashGrantAmt120563
IRS990ScheduleI/RecipientTable/CashGrantAmt212021
IRS990ScheduleI/RecipientTable/CashGrantAmt313818
IRS990ScheduleI/RecipientTable/CashGrantAmt424014
IRS990ScheduleI/RecipientTable/CashGrantAmt59550
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
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