Civic Intelligence

Schoolseed Foundation

990 • Fiscal year 2018 • EIN 26-4477567

Jan 01, 2018 to Dec 31, 2018 • Filed on Dec 04, 2019

PO Box 111169Memphis, TN 38111

(901) 207-1472

Siviq Scores

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

Liabilities / Assets

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

0.10x

Higher debt load relative to revenue than 52% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

7th percentile

-46%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$184,601

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

3rd percentile

-35%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-59%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,840,335

Down $1,007,727 (-35%) from 2017

Net Assets

Down

$1,727,062

Down $619,065 (-26%) from 2017

Liabilities

Down

$113,273

Down $388,662 (-77%) from 2017

Revenue

Down

$1,104,873

Down $1,580,722 (-59%) from 2017

Expenses

Down

$1,618,381

Down $4,222,714 (-72%) from 2017

Net Income

Up

-$513,508

Up $2,641,992 (+84%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $18,010,314Liabilities 2010: $14,649,436Net Assets 2010: $3,360,8782010Assets 2011: $16,123,611Liabilities 2011: $9,277,392Net Assets 2011: $6,846,2192011Assets 2012: $19,516,861Liabilities 2012: $9,215,517Net Assets 2012: $10,301,3442012Assets 2014: $24,446,184Liabilities 2014: $18,793,346Net Assets 2014: $5,652,8382014Assets 2015: $22,296,360Liabilities 2015: $16,681,206Net Assets 2015: $5,615,1542015Assets 2016: $11,521,450Liabilities 2016: $6,085,500Net Assets 2016: $5,435,9502016Assets 2017: $2,848,062Liabilities 2017: $501,935Net Assets 2017: $2,346,1272017Assets 2018: $1,840,335Liabilities 2018: $113,273Net Assets 2018: $1,727,0622018Assets 2020: $5,107,519Liabilities 2020: $2,259,545Net Assets 2020: $2,847,9742020Assets 2021: $7,252,651Liabilities 2021: $2,113,209Net Assets 2021: $5,139,4422021Assets 2022: $9,717,016Liabilities 2022: $314,427Net Assets 2022: $9,402,5892022Assets 2024: $14,096,359Liabilities 2024: $10,170,310Net Assets 2024: $3,926,0492024

Highlighted filing

2018

Assets$1,840,335
Liabilities$113,273
Net Assets$1,727,062

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,328,3532010Expenses 2011: $1,336,0322011Expenses 2012: $1,142,1552012Revenue 2014: $3,955,131Expenses 2014: $4,489,795Net Income 2014: -$534,6642014Revenue 2015: $4,193,065Expenses 2015: $4,225,196Net Income 2015: -$32,1312015Revenue 2016: $2,802,945Expenses 2016: $2,998,033Net Income 2016: -$195,0882016Revenue 2017: $2,685,595Expenses 2017: $5,841,095Net Income 2017: -$3,155,5002017Revenue 2018: $1,104,873Expenses 2018: $1,618,381Net Income 2018: -$513,5082018Revenue 2020: $7,793,603Expenses 2020: $7,395,378Net Income 2020: $398,2252020Revenue 2021: $4,454,713Expenses 2021: $2,295,013Net Income 2021: $2,159,7002021Revenue 2022: $2,826,393Expenses 2022: $5,165,739Net Income 2022: -$2,339,3462022Revenue 2024: $3,330,167Expenses 2024: $2,885,249Net Income 2024: $444,9182024

Highlighted filing

2018

Revenue$1,104,873
Expenses$1,618,381
Net Income-$513,508
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Dec 4, 2019
Return Version
2018v3.1
Gross Receipts
$1,509,057
Mission and Program Overview

Mission

Schoolseed is an independent, nonprofit organization whose mission isto support public schools in shelby county by:(1) raising money for programs that federal, state, and localgovernment funding sources are unable to support,(2) coordinating community efforts to support the district,(3) helping schools develop more effective educational practices, and(4) by providing continuing educational opportunities for teachers andadministrators.

Schoolseed is an independent nonprofit organization whose mission is to support public schools in shelby county by:(1) raising money for programs that federal, state, and localgovernment funding sources are unable to support,(2) coordinating community efforts to support the district,(3) helping schools develop more effective educational practices, and(4) by providing continuing educational opportunities for teachers andadministrators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,401,166$1,359,474▼ $1,041,692
Investments in Publicly Traded Securities$287,718$326,655▲ $38,937
Pledges and Grants Receivable-$150,000-
Savings and Temporary Cash Investments$158,324$4,206▼ $154,118
Land, Buildings, and Equipment, Net$854$0▼ $854
Total Assets$2,848,062$1,840,335▼ $1,007,727
Liabilities
Escrow Account Liability$158,324$101,906▼ $56,418
Accounts Payable and Accrued Expenses$343,611$11,367▼ $332,244
Total Liabilities$501,935$113,273▼ $388,662
Net Assets / Fund Balance
Unrestricted Net Assets$2,068,069$1,506,538▼ $561,531
Temporarily Rstr Net Assets$278,058$220,524▼ $57,534
Total Net Assets Fund Balance$2,346,127$1,727,062▼ $619,065
Total Liabilities and Net Assets / Fund Balance$2,848,062$1,840,335▼ $1,007,727

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$27,722$27,722
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vincent MccaskillPresident/CEOFT$139,000$45,601$184,601

Board Members and Trustees

NameTitle
William MitchellChairman
Beverly CrossDirector
David CockeDirector
Regina WalkerDirector
Lisa Wheeler JenkinsSecretary
Ken FosterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Education Resource StrategiesConsulting4580 PLEASANT ST, Watertown, MA 02472$223,334
Revenue and Support

Revenue Composition

Contributions and Grants
$962,395
Program Service Revenue
$18,541
Investment Income
$123,937
Other Revenue
$0
All Other Contributions
$962,295
Change in Net Assets
$-513,508

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$33,946Stock Market
Total Noncash Contributions1$33,946-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,103,305
Revenue Not Reported on Financial Statements
$1,568
Revenue Not Reported on Form 990
$-105,557
Total Revenue per Audited Statements
$997,748
Total Revenue per Form 990
$1,104,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,188,353
Salaries, Compensation, and Employee Benefits$430,028
Total Fundraising Expense$108,218
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,924$47,115$9,392$178,431
Current Officers, Directors, Trustees, and Key Employees$34,750$34,750$69,500$139,000
Other Employee Benefits$22,611$13,566$14,069$50,246
Pension Plan Contributions$18,104$11,537$9,663$39,304
All Other Expenses$21,610$16,886-$38,496
Other Expenses$55,223$27,902-$27,902
Payroll Taxes$12,200$5,253$5,594$23,047
Advertising$6$21,267-$21,273
Fees for Services Accounting-$18,700-$18,700
Occupancy-$15,438-$15,438
Office Expenses-$10,382-$10,382
Insurance-$10,086-$10,086
Travel-$8,136-$8,136
Conferences and Meetings-$7,021-$7,021
Fees for Service Investment Mgmnt Fees-$1,568-$1,568
Fees for Services Legal-$920-$920
Depreciation Depletion-$853-$853
Fees for Services Other$300--$300
Total Functional Expenses$1,195,930$314,233$108,218$1,618,381

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,618,381
Expenses per Audited Statements$1,616,813
Total Expenses per Audited Statements$1,616,813
Expenses Not Reported on Financial Statements$1,568
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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

Board of directors and management review before signing and filing.

Form 990, Part VI, Section B, Line 12C

Review of all transactions with board of directors.

Form 990, Part VI, Section B, Line 15

Comparability data is reviewed by the board of directors and final compensation is determined and approved by the board of directors. No officer or director was compensated in the current year.

Form 990, Part VI, Section C, Line 19

BY REQUEST

Filing and Contact Details

Filer

Filer Name
Schoolseed Foundation
EIN
26-4477567
Phone
9012071472
Address
PO BOX 111169, MEMPHIS, TN 38111
Doing Business As
Schoolseed

Signing Officer

Name
Vincent Mccaskill
Title
Executive Director
Phone
9012071472
Signed
2019-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vincent Mccaskill
Formed
2009
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
6

Preparer

Firm
Cbiz Mhm LLC
Address
5100 POPLAR AVENUE THIRTIETH FLOOR, MEMPHIS, TN 38137
Preparer
Kathy Pennella
Phone
9016855575
Supplemental Narrative

Additional Explanations

Part XII Line 2C

No change from prior year

Amended Return

The following changes were made due to a completed audit report: 1. Form 990, page 2, 4d - increase in expenses to $1,007,862 2. Form 990, page 9, #3 - increse in investment income to $11,599 3. Form 990, page 9, #7 - increase in securities sales income to $112,338 4. Form 990, page 10 - functional expenses changed due to the recognition of investment management fees of $1,567 5. Form 990, page 11, #11(b) - decrease in investments to $326,655

Financial Statement Notes

PART IV, LINE 2B:

The foundation serves as the fiscal agent for the intensive partnership for effective teaching grant awarded by the gates foundation in addition to other local initiatives. The foundation will administer funds for this grant in a fiduciary capacity for the benefit of shelby county schools. These funds are required to be held in separate accounts at a financial institution and the foundation follows this requirement.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0SCHOOLSEED IS AN INDEPENDENT, NONPROFIT ORGANIZATION WHOSE MISSION ISTO SUPPORT PUBLIC SCHOOLS IN SHELBY COUNTY BY:(1) RAISING MONEY FOR PROGRAMS THAT FEDERAL, STATE, AND LOCALGOVERNMENT FUNDING SOURCES ARE UNABLE TO SUPPORT,(2) COORDINATING COMMUNITY EFFORTS TO SUPPORT THE DISTRICT,(3) HELPING SCHOOLS DEVELOP MORE EFFECTIVE EDUCATIONAL PRACTICES, AND(4) BY PROVIDING CONTINUING EDUCATIONAL OPPORTUNITIES FOR TEACHERS ANDADMINISTRATORS.
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IRS990/OccupancyGrp/TotalAmt015438
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010382
IRS990/OfficeExpensesGrp/TotalAmt010382
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt014069
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013566
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022611
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050246
IRS990/OtherExpensesGrp/Desc0SYSTEM INITIATIVES
IRS990/OtherExpensesGrp/Desc1SPONSORSHIP EXPENSES
IRS990/OtherExpensesGrp/Desc2TEACHER LEADER EFFECTIV
IRS990/OtherExpensesGrp/Desc3MISC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042031
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120822
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt227902
IRS990/OtherExpensesGrp/ProgramServicesAmt0819567
IRS990/OtherExpensesGrp/ProgramServicesAmt189635
IRS990/OtherExpensesGrp/ProgramServicesAmt255223
IRS990/OtherExpensesGrp/TotalAmt0861598
IRS990/OtherExpensesGrp/TotalAmt1110457
IRS990/OtherExpensesGrp/TotalAmt255223
IRS990/OtherExpensesGrp/TotalAmt327902
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09392
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt047115
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0121924
IRS990/OtherSalariesAndWagesGrp/TotalAmt0178431
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05594
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05253
IRS990/PayrollTaxesGrp/ProgramServicesAmt012200
IRS990/PayrollTaxesGrp/TotalAmt023047
IRS990/PensionPlanContributionsGrp/FundraisingAmt09663
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011537
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018104
IRS990/PensionPlanContributionsGrp/TotalAmt039304
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0150000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0VINCENT MCCASKILL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018541
IRS990/ProgSrvcAccomActy2Grp/Desc0SPONSORSHIPS: SUPPORT PROGRAMS AIMED AT PROVIDING A SPECIFIC INITIATIVE WITH FUNDING. (5000+ PERSONS BENEFITED)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt089635
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOOL SPECIFIC INITIATIVES: SUPPORT PROGRAMS AIMED AT SPECIFIEDSCHOOLS FOR THE SCHOOLS MOST IMMEDIATE NEEDS. (3,000+ PERSONSBENEFITED
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt021610
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MISCELLANEOUS INITIATIVES AND SYSTEM INITIATIVES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01007862
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02308918
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014093
IRS990/PYOtherExpensesAmt05405823
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0362584
IRS990/PYRevenuesLessExpensesAmt0-3155500
IRS990/PYSalariesCompEmpBnftPaidAmt0435272
IRS990/PYTotalExpensesAmt05841095
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02685595
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-513508
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0158324
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04206
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ADMIN FEES - 2016 AMOUNT: $ 38,033. 2017 AMOUNT: $ 362,584. 2018 AMOUNT: $ 18,541.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0962395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02308918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02760075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03788107
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03540233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013359728
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09529
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04837
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01231
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0191
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt029881
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt018541
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0362584
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt038033
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0419158
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57190
IRS990ScheduleA/PublicSupportPY170Pct00.67400
IRS990ScheduleA/PublicSupportTotal170Amt07897135
IRS990ScheduleA/SubstantialContributorsTotAmt05462593
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0962395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02308918
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02760075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03788107
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03540233
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013359728
IRS990ScheduleA/TotalSupportAmt013808767
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
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt0158324
IRS990ScheduleD/DistributionsDuringYearAmt056418
IRS990ScheduleD/EndingBalanceAmt0101906
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027722
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027722
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01568
IRS990ScheduleD/ExpensesSubtotalAmt01616813
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01568
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01568
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-105557
IRS990ScheduleD/RevenueNotReportedAmt0-105557
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01568
IRS990ScheduleD/RevenueSubtotalAmt01103305
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION SERVES AS THE FISCAL AGENT FOR THE INTENSIVE PARTNERSHIP FOR EFFECTIVE TEACHING GRANT AWARDED BY THE GATES FOUNDATION IN ADDITION TO OTHER LOCAL INITIATIVES. THE FOUNDATION WILL ADMINISTER FUNDS FOR THIS GRANT IN A FIDUCIARY CAPACITY FOR THE BENEFIT OF SHELBY COUNTY SCHOOLS. THESE FUNDS ARE REQUIRED TO BE HELD IN SEPARATE ACCOUNTS AT A FINANCIAL INSTITUTION AND THE FOUNDATION FOLLOWS THIS REQUIREMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01618381
IRS990ScheduleD/TotalRevenuePerForm990Amt01104873
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0997748
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01616813
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0139000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt045601
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VINCENT MCCASKILL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0184601
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0STOCK MARKET
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt033946
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS AND MANAGEMENT REVIEW BEFORE SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW OF ALL TRANSACTIONS WITH BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPARABILITY DATA IS REVIEWED BY THE BOARD OF DIRECTORS AND FINAL COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. NO OFFICER OR DIRECTOR WAS COMPENSATED IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOLLOWING CHANGES WERE MADE DUE TO A COMPLETED AUDIT REPORT: 1. FORM 990, PAGE 2, 4D - INCREASE IN EXPENSES TO $1,007,862 2. FORM 990, PAGE 9, #3 - INCRESE IN INVESTMENT INCOME TO $11,599 3. FORM 990, PAGE 9, #7 - INCREASE IN SECURITIES SALES INCOME TO $112,338 4. FORM 990, PAGE 10 - FUNCTIONAL EXPENSES CHANGED DUE TO THE RECOGNITION OF INVESTMENT MANAGEMENT FEES OF $1,567 5. FORM 990, PAGE 11, #11(B) - DECREASE IN INVESTMENTS TO $326,655
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15

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