Civic Intelligence

The Schools Foundation Inc

EIN 58-1955411 • 501(c)3 • Huntsville, AL

Profile

The mission of the schools foundation is to create higher expectations and widespread community support for the schools in madison county, leading to world-class performance of principals, teachers and students.

PO Box 763Huntsville, AL 35804

www.theschoolsfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

54th percentile

$70,350

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

83rd percentile

51%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$1,080,148

Up $145,834 (+16%) from 2024

Liabilities

Up

$3,301

Up $414 (+14%) from 2024

Net Assets

Up

$1,076,847

Up $145,420 (+16%) from 2024

Operations
Liabilities / Revenue26th percentileNet Margin72nd percentile

Revenue

Up

$630,960

Up $212,236 (+51%) from 2024

Expenses

Up

$511,985

Up $58,844 (+13%) from 2024

Net Income

Up

$118,975

Up $153,392 (+446%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $336,373Liabilities 2011: $2,614Net Assets 2011: $333,7592011Assets 2012: $381,497Liabilities 2012: $736Net Assets 2012: $380,7612012Assets 2013: $214,109Liabilities 2013: $1,591Net Assets 2013: $212,5182013Assets 2014: $255,957Liabilities 2014: $3,469Net Assets 2014: $252,4882014Assets 2015: $380,665Liabilities 2015: $3,812Net Assets 2015: $376,8532015Assets 2016: $520,727Liabilities 2016: $2,355Net Assets 2016: $518,3722016Assets 2017: $541,145Liabilities 2017: $2,854Net Assets 2017: $538,2912017Assets 2018: $481,860Liabilities 2018: $3,079Net Assets 2018: $478,7812018Assets 2019: $432,071Liabilities 2019: $3,581Net Assets 2019: $428,4902019Assets 2020: $581,301Liabilities 2020: $2,938Net Assets 2020: $578,3632020Assets 2021: $691,809Liabilities 2021: $917Net Assets 2021: $690,8922021Assets 2022: $730,635Liabilities 2022: $2,923Net Assets 2022: $727,7122022Assets 2023: $929,802Liabilities 2023: $2,209Net Assets 2023: $927,5932023Assets 2024: $934,314Liabilities 2024: $2,887Net Assets 2024: $931,4272024Assets 2025: $1,080,148Liabilities 2025: $3,301Net Assets 2025: $1,076,8472025

Highlighted filing

2025

Assets$1,080,148
Liabilities$3,301
Net Assets$1,076,847
Open 2025 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $254,204Expenses 2011: $188,575Net Income 2011: $65,6292011Revenue 2012: $363,939Expenses 2012: $349,019Net Income 2012: $14,9202012Expenses 2013: $452,3092013Revenue 2014: $457,871Expenses 2014: $417,901Net Income 2014: $39,9702014Revenue 2015: $390,335Expenses 2015: $265,970Net Income 2015: $124,3652015Revenue 2016: $571,415Expenses 2016: $429,896Net Income 2016: $141,5192016Revenue 2017: $289,597Expenses 2017: $269,678Net Income 2017: $19,9192017Revenue 2018: $300,370Expenses 2018: $359,880Net Income 2018: -$59,5102018Revenue 2019: $751,229Expenses 2019: $801,520Net Income 2019: -$50,2912019Revenue 2020: $394,719Expenses 2020: $244,846Net Income 2020: $149,8732020Revenue 2021: $473,951Expenses 2021: $361,422Net Income 2021: $112,5292021Revenue 2022: $475,213Expenses 2022: $455,443Net Income 2022: $19,7702022Revenue 2023: $603,241Expenses 2023: $429,530Net Income 2023: $173,7112023Revenue 2024: $418,724Expenses 2024: $453,141Net Income 2024: -$34,4172024Revenue 2025: $630,960Expenses 2025: $511,985Net Income 2025: $118,9752025

Highlighted filing

2025

Revenue$630,960
Expenses$511,985
Net Income$118,975
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,080,148
Liabilities
$3,301
Net assets
$1,076,847
Revenue
$630,960
Expenses
$511,985
Net income
$118,975
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.63$0.51$0.12
2024Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.42$0.45$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.60$0.43$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.48$0.46$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.47$0.36$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.39$0.24$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.75$0.80$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.30$0.36$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.29$0.27$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.57$0.43$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.39$0.27$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.25$0.46$0.42$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.00$0.21$0.45
2012Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.36$0.35$0.01
2011Summary only. Only limited summary data is available for this year.$0.34$0.00$0.33$0.25$0.19$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$714,216
Mission and Program Overview

Mission

The mission of the schools foundation is to create higher expectations and widespread community support for the schools in madison county, leading to world-class performance of principals, teachers and students.

To create higher expectations and widespread community support for the schools in madison county, leading to world-class performance of principals, teachers, and students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$189,164$593,110▲ $403,946
Investments Other Securities$412,007$447,326▲ $35,319
Cash and Non-Interest-Bearing Accounts$294,155$0▼ $294,155
Investments in Publicly Traded Securities$38,988$39,712▲ $724
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund-$0-
Rtn Earn Endowment Incm Other Fnds-$0-
Cap Stk Tr Prin Current Funds-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges-$0-
Total Assets$934,314$1,080,148▲ $145,834
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$2,887$3,301▲ $414
Accounts Payable and Accrued Expenses-$0-
Grants Payable-$0-
Mortgage Notes Payable Secured by Investment Property-$0-
Unsecured Notes Loans Payable-$0-
Deferred Revenue-$0-
Escrow Account Liability-$0-
Tax Exempt Bond Liabilities-$0-
Total Liabilities$2,887$3,301▲ $414
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$781,328$895,616▲ $114,288
Net Assets With Donor Restrictions$150,099$181,231▲ $31,132
Total Net Assets Fund Balance$931,427$1,076,847▲ $145,420
Total Liabilities and Net Assets / Fund Balance$934,314$1,080,148▲ $145,834

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,618$3,618
Other Securities$447,326--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$412,007$268▲ $54,610-$447,326
2023$377,227$3▲ $54,739-$412,007
2022$340,512$15,346▲ $40,419-$377,227
2021$327,824$5,000▲ $41,421-$340,512
2020$287,611$12,500▲ $36,988-$327,824
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeanne GreerExecutive DirectorFT$70,350$70,350

Board Members and Trustees

NameTitle
Mary Beth WilsonPresident
Taron ThorpeVice President
Amber MontgomeryDirector
Ana Santos-DiazDirector
Debra WestDirector
Erin CobbDirector
Laura BarnardDirector
Libby ParkerDirector
Lori LightDirector
Mark DebroDirector
Melanie ForbesDirector
Pat GarnerDirector
Sarah FanningDirector
Shannon NeblettDirector
Sydney MartinDirector
Tammy SummervilleDirector
Drew Hartt YarbroughSecretary
Paige NixTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$596,290
Program Service Revenue
$0
Investment Income
$50,725
Other Revenue
$-16,055
All Other Contributions
$459,800
Change in Net Assets
$118,975

Audited Revenue Reconciliation

Revenue per Audited Statements
$627,881
Revenue Not Reported on Financial Statements
$3,079
Revenue Not Reported on Form 990
$55,372
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$683,253
Total Revenue per Form 990
$630,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$316,116
Salaries, Compensation, and Employee Benefits$117,804
Grants and Similar Amounts Paid$78,065
Total Fundraising Expense$38,975
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$78,065--$78,065
Current Officers, Directors, Trustees, and Key Employees$28,140$22,512$19,698$70,350
Other Salaries and Wages$15,633$12,506$10,943$39,082
Fees for Services Accounting-$16,312-$16,312
Payroll Taxes$3,349$2,679$2,344$8,372
Other Expenses$8,313--$8,313
Information Technology$3,302$2,641$2,311$8,254
Office Expenses$2,868$3,059$2,007$7,934
All Other Expenses$6,634$0$0$6,634
Occupancy$1,640$1,312$1,148$4,100
Fees for Service Investment Mgmnt Fees$0$3,079-$3,079
Insurance$748$599$524$1,871
Fees for Services Other$1,650$0$0$1,650
Conferences and Meetings$619--$619
Total Functional Expenses$408,311$64,699$38,975$511,985

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$537,834
Total Expenses per Form 990$511,985
Expenses per Audited Statements$508,906
Expenses Not Reported on Form 990$28,928
Expenses Not Reported on Financial Statements$3,079
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Madison County SchoolsHunsville, ALGovtThe $40,000 grant will be used to expand and strengthen STEM learning opportunities for middle school students across Huntsville City and Madison City Schools. Funding will provide hands-on equipment, instructional resources, and program support designed to build a strong foundation in science, technology, engineering, and math as students transition to high school.$40,000
Huntsvsille City SchoolsHuntsville, ALGovtTo support extracurricular endeavors of eligible students through financial donations from individuals, sponsors and families. The program supports activities to include but are not limited to school, club and city league sports as well as music, drama and art extracurriculars$36,165
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,928
Fundraising Gross Income$12,873
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$64,363$12,873$28,928$-16,055
Event 2-$0-$0
Total Events$64,363$12,873$28,928$-16,055
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$3,301
Payroll Tax Liabilities-
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
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, Line 11B Review of form 990 by governing body

“A copy of the form 990 was given to the executive director to send electronic copies to board members for approval.”

Form 990, Part VI, Line 12C Conflict of interest policy

“The conflict of interest policy is provided to all board members in january of each year. Each board member is required to complete and submit the disclosure form at that time.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“The executive committee completes an annual review of the executive director on the anniversary of hiring. At this point, based on performance, the group makes any salary adjustments and presents the recommendaton to the full board for approval and inclusion in the budget.”

Form 990, Part VI, Line 19 Required documents available to the public

“All applicable documents are maintained by the executive director at the business office. These are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Schools Foundation Inc
EIN
58-1955411
Phone
2565352080
Address
PO BOX 763, HUNTSVILLE, AL 35804

Signing Officer

Name
Jeanne Greer
Title
Executive Director
Phone
2565352080
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Al
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
18

Preparer

Firm
Mauldin & Jenkins LLC
Address
307 Clinton Avenue West Suite 500, Huntsville, AL 35801
Preparer
Bridget A Bush
Phone
2565339105
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A-4C Description of program services

“(Expenses $ 40,000 including grants of $ 40,000) Madison County School System's GEMS: This is a gifted education program for students in Madison County schools that allows them to explore subjects and concepts in-depth and work on "out of the box" ideas”

Form 990, Part III, Line 4A-4C Description of program services

“(Expenses $ 38,065 including grants of $ 38,065) PATRONS AND PLAYERS FUND EXISTS TO SUPPORT THE EXTRACURRICULAR ENDEAVORS OF ELIGIBLE STUDENTS THROUGH FINANCIAL DONATIONS FROM INDIVIDUALS, SPONSORS, AND FAMILIES. WE BELIEVE THAT NO STUDENT SHOULD BE LEFT ON THE SIDELINES BASED ON FIANCIAL NEED. THE PROGRAM SUPPORTS ACTIVITIES TO INCLUDE BUT ARE NOT LIMITED TO SCHOOL, CLUB, AND CITY LEAGUE SPORTS AS WELL AS MUSIC, DRAMA AND ART EXTRACURRICULARS.”

Financial Statement Notes

Form 990, Page 12, Part XII, Line 2B

“Note 6- tax related uncertainties foundation has adopted the provisions of asc topic 740 - 10 (fasb interpretation 48), "accounting for uncertainty in income taxes." the standard provides clarification on accounting for uncertainty in income taxes and prescribes a recognition threshold and measurement attribute for the financial statement recognition, measurement and disclosure of a tax position taken or expected to be taken in a tax return. Examples of uncertainties under the standard are: i) tax exempt status, 2) disallowance or redetermination of various positions related to sources ofumelated business taxable income (ubit), 3) penalties for failure to provide required disclosure regarding quid pro quo contributions over $75. There are no umecognized tax benefits reflected in the accompanying financial statements or positions taken in the tax returns that are believed to be uncertain. Tax years (periods) open to examination by the taxing authorities are the years ended june 30, 2023, 2022 and 2021.”

Schedule D, Part V, Line 4 Intended uses of endowment funds

“The schools foundation endowment fund is a permanent source of capital that will provide a foundation for financial support for the huntsville, madison city and madison county school districts. The endowment will grow to be an ongoing source of sustained, long term funding for students of today and tomorrow. Through this fund, we strengthen our promise to the community and school districts by supporting their work preparing over 50,000 students for the world ahead. The endowment distributions will enable the districts to operate creatively and provide unique opportunities for our students.”

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

“Fundraising Expenses - 28928”

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

“Fundraising Expenses - 28928”

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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/Form990PartVIISectionAGrp/PersonNm1MARY BETH WILSON
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IRS990/Form990PartVIISectionAGrp/PersonNm3TARON THORPE
IRS990/Form990PartVIISectionAGrp/PersonNm4AMBER MONTGOMERY
IRS990/Form990PartVIISectionAGrp/PersonNm5Ana Santos-Diaz
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IRS990/Form990PartVIISectionAGrp/PersonNm7ERIN COBB
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IRS990/Form990PartVIISectionAGrp/PersonNm11MARK DEBRO
IRS990/Form990PartVIISectionAGrp/PersonNm12MELANIE FORBES
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IRS990/Form990PartVIISectionAGrp/PersonNm14SARAH FANNING
IRS990/Form990PartVIISectionAGrp/PersonNm15SHANNON NEBLETT
IRS990/Form990PartVIISectionAGrp/PersonNm16SYDNEY MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm17TAMMY SUMMERVILLE
IRS990/Form990PartVIISectionAGrp/PersonNm18JEANNE GREER
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IRS990/MissionDesc0The Foundation serves as an education advocate and provides a central voice for strategic engagement on issues relating to education which impact our schools. We interact with local and state leaders and education stakeholders, while serving as a vehicle for individuals and businesses to support public education in Madison County.
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IRS990/OtherExpensesGrp/Desc0NBCT Training Program
IRS990/OtherExpensesGrp/Desc1Alabama State Department of Education
IRS990/OtherExpensesGrp/Desc2EARLY LITERACY Program
IRS990/OtherExpensesGrp/Desc3Elevate Our Educators Program
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JEANNE GREER
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IRS990/ProgSrvcAccomActy2Grp/Desc0NBCT - RAISE YOUR HAND IS A BOLD INITIATIVE TO HAVE THE NATION'S HIGHEST CONCENTRATION OF NATIONAL BOARD CERTIFIED TEACHERS, OR NBCTS, IN OUR HUNTSVILLE CITY, MADISON CITY, AND MADISON COUNTY SCHOOL SYSTEMS. NATIONAL BOARD CERTIFICATION IS THE MOST RESPECTED PROFESSIONAL CERTIFICATION AVAILABLE IN K-12 EDUCATION. THE INITIATIVE IS A PARTNERSHIP OF THE CREATIVE CITIES FUND, THE PHILANTHROPIC ARM OF THE HUNTSVILLE COMMITTEE OF 100, AND THE SCHOOLS FOUNDATION. THE $1 MILLION GOAL WILL FUND 500 NEW NBCTS IN FIVE YEARS ACROSS THE THREE SCHOOL SYSTEMS IN MADISON COUNTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0108575
IRS990/ProgSrvcAccomActy3Grp/Desc0Early Literacy Program - The program provides teachers with high-quality reading instruction training to enable children to become confident and skilled readers.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt049773
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Madison County School System's GEMS: This is a gifted education program for students in Madison County schools that allows them to explore subjects and concepts in-depth and work on "out of the box" ideas
IRS990/ProgSrvcAccomActyOtherGrp/Desc1PATRONS AND PLAYERS FUND EXISTS TO SUPPORT THE EXTRACURRICULAR ENDEAVORS OF ELIGIBLE STUDENTS THROUGH FINANCIAL DONATIONS FROM INDIVIDUALS, SPONSORS, AND FAMILIES. WE BELIEVE THAT NO STUDENT SHOULD BE LEFT ON THE SIDELINES BASED ON FIANCIAL NEED. THE PROGRAM SUPPORTS ACTIVITIES TO INCLUDE BUT ARE NOT LIMITED TO SCHOOL, CLUB, AND CITY LEAGUE SPORTS AS WELL AS MUSIC, DRAMA AND ART EXTRACURRICULARS.
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