Civic Intelligence

Schoolseed Foundation

990 • Fiscal year 2021 • EIN 26-4477567

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 15, 2022

Organization ProfileN/A

View Organization Page

P O 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

68th percentile

0.29x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

0.47x

Higher debt load relative to revenue than 73% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

86th percentile

48%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

87th percentile

42%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-43%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$7,252,651

Up $2,145,132 (+42%) from 2020

Net Assets

Up

$5,139,442

Up $2,291,468 (+80%) from 2020

Liabilities

Down

$2,113,209

Down $146,336 (-6.5%) from 2020

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin86th percentile

Revenue

Down

$4,454,713

Down $3,338,890 (-43%) from 2020

Expenses

Down

$2,295,013

Down $5,100,365 (-69%) from 2020

Net Income

Up

$2,159,700

Up $1,761,475 (+442%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

2021

Assets$7,252,651
Liabilities$2,113,209
Net Assets$5,139,442
Open 2021 Filing

Operations Trend

Revenue Growth5th percentile

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

2021

Revenue$4,454,713
Expenses$2,295,013
Net Income$2,159,700
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 15, 2022
Return Version
2021v4.1
Gross Receipts
$4,454,713
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 local

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,063,024$2,220,193▲ $157,169
Cash and Non-Interest-Bearing Accounts$862,237$1,571,682▲ $709,445
Pledges and Grants Receivable$369,707$1,450,479▲ $1,080,772
Land, Buildings, and Equipment, Net$24,912$28,402▲ $3,490
Total Assets$5,107,519$7,252,651▲ $2,145,132
Other Assets Total$1,787,639$1,981,895▲ $194,256
Liabilities
Escrow Account Liability$1,787,639$1,981,895▲ $194,256
Accounts Payable and Accrued Expenses$471,906$101,824▼ $370,082
Other Liabilities-$29,490-
Total Liabilities$2,259,545$2,113,209▼ $146,336
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,847,974$3,157,547▲ $309,573
Net Assets With Donor Restrictions-$1,981,895-
Total Net Assets Fund Balance$2,847,974$5,139,442▲ $2,291,468
Total Liabilities and Net Assets / Fund Balance$5,107,519$7,252,651▲ $2,145,132

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,402$35,836-
Land$0--
Other Assets Org$1,981,895--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleBaseTotal
Vicint McCaskill-$159,316$159,316

Board Members and Trustees

NameTitle
William MitchellChairman
Vincent McCaskillPresident/ CEO
Beverly CrossDirector
David CockeDirector
Regina WalkerDirector
Lisa Wheeler JenkinsSecretary
Ken FosterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,378,657
Program Service Revenue
$59,561
Investment Income
$16,495
Other Revenue
$0
All Other Contributions
$4,378,657
Change in Net Assets
$2,159,700

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,454,714
Revenue Not Reported on Form 990
$137,804
Total Revenue per Audited Statements
$4,592,518
Total Revenue per Form 990
$4,454,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,766,305
Total Fundraising Expense$573,753
Salaries, Compensation, and Employee Benefits$528,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$785,887$417,000$400,962$1,603,849
Comp Disqual Persons$199,542$105,878$101,806$407,226
Other Employee Benefits$34,442$18,276$17,573$70,291
Fees for Service Investment Mgmnt Fees$21,054$11,171$10,742$42,967
Payroll Taxes$14,414$7,648$7,354$29,416
Occupancy$12,331$6,543$6,291$25,165
Pension Plan Contributions$10,669$5,662$5,444$21,775
Advertising$10,225$5,425$5,217$20,867
Depreciation Depletion$6,361$3,375$3,245$12,981
Insurance$6,166$3,272$3,146$12,584
Other Expenses$4,660$2,473$2,378$9,511
Travel$2,940$1,560$1,500$6,000
Total Functional Expenses$1,124,558$596,702$573,753$2,295,013

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,295,013
Total Expenses per Audited Statements$2,295,013
Total Expenses per Form 990$2,295,013
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
Other Liability$29,490
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 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
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
Filing and Contact Details

Filer

Filer Name
SchoolSeed Foundation
EIN
26-4477567
Phone
9012071472
Address
P O Box 111169, Memphis, TN 38111
Doing Business As
SchoolSeed

Signing Officer

Name
Vincent McCaskill
Title
Executive Director
Phone
9012071472
Signed
2022-09-15
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
0
Volunteers
6

Preparer

Firm
Banks Finley White & Co
Address
617 37TH STREET SOUTH, BIRMINGHAM, AL 35222
Preparer
Christopher Hearn
Phone
9012746702
Supplemental Narrative

Additional Explanations

Other

“Part I Line 1, continuation of organization mission: (1) Government 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 and administrators.”

Other

“Part III, line 1 description of organization mission: (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 and administrators.”

Pt VI, Line 11B

“Board of Directors and Management review before signing and filing.”

Pt VI, Line 12C

“Review all transactions with board of directors.”

Pt VI, Line 15A

“Comparability Data is reviewed by the Board of Directors and final compensation is determined and approved by the board of directors.”

Pt VI, Line 15B

“No Officer or Director was compensated in the current year.”

Pt VI, Line 19

“The documents of the organization is made available upon request.”

Form 990, Part IX, Line 24E

“Supplies 12852. 6298. 3341. 3213.”

Form 990, Part IX, Line 24E

“Printing & Copying 758. 371. 197. 190.”

Form 990, Part IX, Line 24E

“Dues & Subscriptions 10881. 5332. 2829. 2720.”

Form 990, Part IX, Line 24E

“BUGU Expense 83489. 40910. 21707. 20872.”

Form 990, Part IX, Line 24E

“Implementation Expenses 1495869. 732976. 388926. 373967.”

Financial Statement Notes

Pt 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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IRS990/Desc0We are razor focused on the delivery and improved outcomes by managing a variety of services and programs for the benefit of schools, educators, students, and parents. The Foundation's mission is to secure and manage private resources for the benefit of public education, coordinate community efforts to support public education, provide development and training opportunities to teachers and administrators, and to operate and support programs in schools dedicated to accelerating student achievement. Our body of work includes, but is not limited to : fiscal management of private support for public education; teacher retention and recognition projects: school-based projects that support students, teachers, and administrators; publication of a Resource Guide for Parents; recruiting, training, and deploying reading tutors for students PK-3rd grade; supports for effective teaching; leadership training; and special projects that attend to emerging needs. Our theory of change is predicated on the idea that capacity building in schools, support for teachers and leaders, rigorous curriculum, target setting, ongoing improvement of curriculum and instruction, and promoting effective practice will accerate student and school achievement. The Foundation's theory of action calls for: the building and sustaining of a collaborative partnership with school districts and their school-based leadership; building and sustaining of a collaborative partnership with the philanthropic and business community; providing supplementary supports to students, teachers, and administrators; and tracking and monitoring the progress of projects. The Foundation seeks to increase college attendance and graduation rates-a matter of equity; access, and community developent.
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IRS990/OtherExpensesGrp/FundraisingAmt22392
IRS990/OtherExpensesGrp/FundraisingAmt32378
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03699
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12232
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22488
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32473
IRS990/OtherExpensesGrp/ProgramServicesAmt06971
IRS990/OtherExpensesGrp/ProgramServicesAmt14206
IRS990/OtherExpensesGrp/ProgramServicesAmt24690
IRS990/OtherExpensesGrp/ProgramServicesAmt34660
IRS990/OtherExpensesGrp/TotalAmt014227
IRS990/OtherExpensesGrp/TotalAmt18584
IRS990/OtherExpensesGrp/TotalAmt29570
IRS990/OtherExpensesGrp/TotalAmt39511
IRS990/OtherLiabilitiesGrp/EOYAmt029490
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07354
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07648
IRS990/PayrollTaxesGrp/ProgramServicesAmt014414
IRS990/PayrollTaxesGrp/TotalAmt029416
IRS990/PensionPlanContributionsGrp/FundraisingAmt05444
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05662
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010669
IRS990/PensionPlanContributionsGrp/TotalAmt021775
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0369707
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01450479
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Vincent McCaskill
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/Desc0Administrative Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059561
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Sponsorships: support programs aimed at providing a specific initiative with funding. (5000+ persons benefited)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0252451
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01196981
IRS990/ProgSrvcAccomActy3Grp/Desc0School specific initiatives: support programs aimed at specified schools for the schools most immediate needs. (3000+ persons benefited)
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0160655
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt059779
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07633500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt06606997
IRS990/PYInvestmentIncomeAmt0111815
IRS990/PYOtherExpensesAmt0362319
IRS990/PYProgramServiceRevenueAmt048288
IRS990/PYRevenuesLessExpensesAmt0398225
IRS990/PYSalariesCompEmpBnftPaidAmt0426062
IRS990/PYTotalExpensesAmt07395378
IRS990/PYTotalRevenueAmt07793603
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02159700
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03335757
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Administrative Income 2017: 362584. 2018: 18541. 2019: 28698. 2020: 48288. 2021: 59779.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04378656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07633500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01528093
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0962395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02308918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016811562
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt017903
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09529
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014093
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt043187
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt059779
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt048288
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt028698
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt018541
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0362584
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0517890
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96770
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.96650
IRS990ScheduleA/PublicSupportTotal170Amt016811562
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04378656
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07633500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01528093
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0962395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02308918
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016811562
IRS990ScheduleA/TotalSupportAmt017372639
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BeginningBalanceAmt0269936
IRS990ScheduleD/EndingBalanceAmt0269936
IRS990ScheduleD/ExpensesSubtotalAmt02295013
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0137804
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01981895
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Cash
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028402
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt035836
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt064238
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Liability
IRS990ScheduleD/RevenueNotReportedAmt0137804
IRS990ScheduleD/RevenueSubtotalAmt04454714
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/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028402
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01981895
IRS990ScheduleD/TotalExpensesPerForm990Amt02295013
IRS990ScheduleD/TotalLiabilityAmt029490
IRS990ScheduleD/TotalRevenuePerForm990Amt04454714
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04592518
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02295013
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0159316
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Vicint McCaskill
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159316
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Part I Line 1, continuation of organization mission: (1) Government 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 and administrators.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Part III, line 1 description of organization mission: (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 and administrators.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board of Directors and Management review before signing and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Review all transactions with board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Comparability Data is reviewed by the Board of Directors and final compensation is determined and approved by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No Officer or Director was compensated in the current year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The documents of the organization is made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Supplies 12852. 6298. 3341. 3213.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Printing & Copying 758. 371. 197. 190.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Dues & Subscriptions 10881. 5332. 2829. 2720.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10BUGU Expense 83489. 40910. 21707. 20872.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Implementation Expenses 1495869. 732976. 388926. 373967.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,252,651
Liabilities
$2,113,209
Net assets
$5,139,442
Revenue
$4,454,713
Expenses
$2,295,013
Net income
$2,159,700
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.1$10.2$3.93$3.33$2.89$0.44
2022Detailed filing. Detailed filing data is available for this year.$9.72$0.31$9.40$2.83$5.17$2.34
2021Detailed filing. Detailed filing data is available for this year.$7.25$2.11$5.14$4.45$2.30$2.16
2020Detailed filing. Detailed filing data is available for this year.$5.11$2.26$2.85$7.79$7.40$0.40
2018Detailed filing. Detailed filing data is available for this year.$1.84$0.11$1.73$1.10$1.62$0.51
2017Detailed filing. Detailed filing data is available for this year.$2.85$0.50$2.35$2.69$5.84$3.16
2016Detailed filing. Detailed filing data is available for this year.$11.5$6.09$5.44$2.80$3.00$0.20
2015Detailed filing. Detailed filing data is available for this year.$22.3$16.7$5.62$4.19$4.23$0.03
2014Detailed filing. Detailed filing data is available for this year.$24.4$18.8$5.65$3.96$4.49$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$9.22$10.3$1.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$9.28$6.85$1.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$14.6$3.36$1.33