Civic Intelligence

The Great Schools Partnership Charitable Trust

990 • Fiscal year 2017 • EIN 76-6206166

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 24, 2017

912 S Gay Street L210Knoxville, TN 37902

(865) 215-4501

Siviq Scores

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

Liabilities / Assets

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

48th percentile

2.4%

Higher net margin than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$143,829

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

14th percentile

-7.8%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

47th percentile

3.1%

Faster revenue growth than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,905,733

Down $161,470 (-7.8%) from 2016

Net Assets

Up

$1,733,802

Up $113,585 (+7.0%) from 2016

Liabilities

Down

$171,931

Down $275,055 (-62%) from 2016

Revenue

Up

$4,827,381

Up $143,037 (+3.1%) from 2016

Expenses

Up

$4,713,796

Up $358,266 (+8.2%) from 2016

Net Income

Down

$113,585

Down $215,229 (-65%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,656,288Liabilities 2011: $295,209Net Assets 2011: $3,361,0792011Assets 2012: $2,980,073Liabilities 2012: $869,271Net Assets 2012: $2,110,8022012Assets 2013: $3,212,567Liabilities 2013: $1,188,177Net Assets 2013: $2,024,3902013Assets 2014: $2,668,189Liabilities 2014: $1,113,051Net Assets 2014: $1,555,1382014Assets 2015: $2,050,171Liabilities 2015: $758,768Net Assets 2015: $1,291,4032015Assets 2016: $2,067,203Liabilities 2016: $446,986Net Assets 2016: $1,620,2172016Assets 2017: $1,905,733Liabilities 2017: $171,931Net Assets 2017: $1,733,8022017Assets 2018: $2,303,588Liabilities 2018: $483,167Net Assets 2018: $1,820,4212018Assets 2019: $2,118,838Liabilities 2019: $179,919Net Assets 2019: $1,938,9192019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$1,905,733
Liabilities$171,931
Net Assets$1,733,802

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $7,258,507Expenses 2011: $4,593,986Net Income 2011: $2,664,5212011Revenue 2012: $4,314,635Expenses 2012: $5,564,912Net Income 2012: -$1,250,2772012Revenue 2013: $4,878,785Expenses 2013: $4,970,447Net Income 2013: -$91,6622013Revenue 2014: $4,268,361Expenses 2014: $4,737,613Net Income 2014: -$469,2522014Revenue 2015: $4,339,186Expenses 2015: $4,602,921Net Income 2015: -$263,7352015Revenue 2016: $4,684,344Expenses 2016: $4,355,530Net Income 2016: $328,8142016Revenue 2017: $4,827,381Expenses 2017: $4,713,796Net Income 2017: $113,5852017Revenue 2018: $4,877,791Expenses 2018: $4,791,172Net Income 2018: $86,6192018Revenue 2019: $5,293,882Expenses 2019: $5,175,384Net Income 2019: $118,4982019Revenue 2020: $4,432,553Expenses 2020: $4,057,257Net Income 2020: $375,2962020

Highlighted filing

2017

Revenue$4,827,381
Expenses$4,713,796
Net Income$113,585
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 24, 2017
Return Version
2016v3.0
Gross Receipts
$4,827,381
Mission and Program Overview

Mission

To serve as a catalyst, think tank, incubator, start-up funder and operational partner for making knox county schools globally competitive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$584,756$1,323,710▲ $738,954
Pledges and Grants Receivable$675,151$363,862▼ $311,289
Cash and Non-Interest-Bearing Accounts$719,335$192,905▼ $526,430
Land, Buildings, and Equipment, Net$13,684$14,137▲ $453
Accounts Receivable$74,277$11,119▼ $63,158
Total Assets$2,067,203$1,905,733▼ $161,470
Liabilities
Accounts Payable and Accrued Expenses$446,986$171,931▼ $275,055
Total Liabilities$446,986$171,931▼ $275,055
Net Assets / Fund Balance
Unrestricted Net Assets$1,620,217$1,733,802▲ $113,585
Total Net Assets Fund Balance$1,620,217$1,733,802▲ $113,585
Total Liabilities and Net Assets / Fund Balance$2,067,203$1,905,733▼ $161,470

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,555$11,807$24,362
Other Land Buildings$1,582$2,206$3,788
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie WelchVice PresideFT$138,759$5,070$143,829
Stephanie JinkinsVice PresidePT$123,273$18,987$142,260
Oliver ThomasPresidentFT$91,300$6,805$98,105

Board Members and Trustees

NameTitle
Bob RiderChair
Randy BoydVice-chair
Anthony WiseBoard Member
Barry MyersBoard Member
Crystal WashingtonBoard Member
Dave WrightBoard Member
John ButlerBoard Member
Larry MauldinBoard Member
Lauren HopsonBoard Member
Laurens TullockBoard Member
Madeline RogeroBoard Member
Patti BoundsBoard Member
Phyllis NicholsBoard Member
Tim BurchettBoard Member
Mike EdwardsTreasurer/se

Highest Paid Contractors

ContractorServicesLocationCompensation
United Healthcare-PO BOX 88832, Chicago, IL 60695$195,946
Revenue and Support

Revenue Composition

Contributions and Grants
$4,825,041
Program Service Revenue
$0
Investment Income
$2,340
Other Revenue
$0
All Other Contributions
$1,566,188
Change in Net Assets
$113,585

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,827,381
Total Revenue per Audited Statements
$4,827,381
Total Revenue per Form 990
$4,827,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,398,970
Other Expenses$1,374,252
Grants and Similar Amounts Paid$940,574
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,240,580$456,116-$1,696,696
Grants to Domestic Orgs$940,574--$940,574
Fees for Services Other$348,829$21,707-$370,536
Current Officers, Directors, Trustees, and Key Employees$266,909$66,728-$333,637
Other Employee Benefits$173,686$32,283-$205,969
Payroll Taxes$125,203$37,465-$162,668
Conferences and Meetings$33,505$3,547-$37,052
Office Expenses$23,257$12,030-$35,287
Travel$26,892$1,813-$28,705
Other Expenses$12,796$245-$13,041
Insurance$6,836$1,468-$8,304
Depreciation Depletion$6,352$1,365-$7,717
Information Technology$5,303$2,184-$7,487
Total Functional Expenses$4,040,143$673,653$0$4,713,796

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,713,796
Total Expenses per Audited Statements$4,713,796
Total Expenses per Form 990$4,713,796
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Project Grad KnoxvilleKnoxville, TN-Educational$615,000
Knox County SchoolsKnoxville, TN3Educational$325,574
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
Audit committee
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared and provided to the organization's president and executive committee for review and approval. The underlying detailed financial information used in the preparation of the form 990 is reported to the governing body quarterly.

Form 990, Page 6, Part VI, Line 15A

Compensation for the top management official (president) is determined by the governing body in open meeting. The amount of compensation is negotiated and based on factors including compensation paid to top management of similar organizations located in the region. The governing body votes to approve the compensation and minutes are kept to substantiate the action taken.

Form 990, Page 6, Part VI, Line 19

Documents made available upon written request.

Filing and Contact Details

Filer

Filer Name
The Great Schools Partnership
EIN
76-6206166
Phone
8652154501
Address
912 S GAY STREET L210, KNOXVILLE, TN 37902

Signing Officer

Name
Oliver Thomas
Title
President
Phone
8655254030
Signed
2017-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oliver Thomas
Formed
2005
Legal Domicile
Tn
Voting Board Members
16
Independent Board Members
16
Employees
62

Preparer

Firm
Brown Jake & Mcdaniel Pc
Address
2607 KINGSTON PIKE SUITE 110, KNOXVILLE, TN 37919-3336
Preparer
James E Booher CPA
Phone
8656378600
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

(continued from part iii) involvement, community schools can be a positive center of influence to benefit students, families, and the surrounding community. Research indicates these benefits include improved student learning, health, and attendance; stronger family engagement; an improved school climate; and safer neighborhoods. In knox county, students who participate in the afterschool enrichment programming at community schools show accelerated rates of academic growth and fewer absences when compared to their peers in the same school.

Form 990, Page 2, Part III, Line 4B

(continued from part iii) (3.73 and 4.19 nce respectively, alpha less than or equal to 0.05) than similar children whose parents do not participate in pat.

Form 990, Page 2, Part III, Line 4C

(continued from part iii) complete high school and higher education. The kcs/grad partnership was established with three goals: increased academic achievement, increased high school graduation rate, increased college going rate. As of april 2017, 298 (47%) of those pgk scholarship recipients who enrolled in a post-secondary program also completed their program (counting students from the 2005-2010 cohorts). 83% of pgk scholarship recipients have entered higher education. 72% of those completers have graduated from a 4-year institution. Of those completers, 21% are first generation students.

Form 990, Page 2, Part III, Line 4D

The organization also has the following on-going program activities: operational initiatives include shakespeare in shades, leaders for readers, and thank-a-teacher. Operational grants include teacherprenuer, accessing community employment(ace), and codetn. Funded grants include international bachelor middle years program, muzology, tutoring centers, principal leadership academy, and blended online academy.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under section 501(c) (3) of the internal revenue code and did not conduct any unrelated business activities. Therefore, the organization has made no provision for federal income taxes in the accompanying financial statements. The organization's forms 990 are subject to examination by the taxing authorities. No periods are under examination, and open return years per statute are for the years ended june 30, 2013 through june 30, 2017.

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IRS990/MissionDesc0TO SERVE AS A CATALYST, THINK TANK, INCUBATOR, START-UP FUNDER AND OPERATIONAL PARTNER FOR MAKING KNOX COUNTY SCHOOLS GLOBALLY COMPETITIVE.
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IRS990/PrincipalOfficerNm0OLIVER THOMAS
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IRS990/ProgSrvcAccomActy2Grp/Desc0PARENTS AS TEACHERS - THIS OPERATIONAL INITIATIVE IS AN EVIDENCE-BASED HOME VISITATION PROGRAM THAT HELPS PARENTS BECOME BETTER EDUCATORS FOR THEIR INFANTS AND CHILDREN. PARENTS ARE A CHILD'S MOST IMPORTANT TEACHERS, AND THE FIRST THREE YEARS OF LIFE MOST CRITICAL IN ANY CHILD'S EDUCATION. THROUGH THIS PROGRAM, SPECIALLY TRAINED STAFF CONDUCT MONTHLY HOME VISITS WITH AT RISK FAMILIES, CONDUCT GROUP EDUCATION SESSIONS, AND PROVIDE HEALTH AND DEVELOPMENT SCREENING AND INTERVENTION TO PROMOTE CHILDREN'S SUCCESS IN KINDERGARTEN. IN FY17, THE PROGRAM SERVED 203 FAMILIES WITH 256 CHILDREN. A LONGITUDINAL STUDY SHOWS THAT THAT BY THIRD GRADE, STUDENTS WHOSE PARENTS PARTICIPATED IN PAT RECORD HIGHER MATH AND READING/LANGUAGE ARTS SCORES (CONTINUED ON SCHEDULE O) (CONTINUED FROM PART III) (3.73 AND 4.19 NCE RESPECTIVELY, ALPHA LESS THAN OR EQUAL TO 0.05) THAN SIMILAR CHILDREN WHOSE PARENTS DO NOT PARTICIPATE IN PAT.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PROJECT GRAD - THIS OPERATIONAL GRANT PROGRAM FUNDS ACTIVITIES OF PROJECT GRAD KNOXVILLE (GRAD), A 501(C)(3) NON-PROFIT ORGANIZATION, IN FURTHERANCE OF ITS MISSION. GRAD SUPPORTS A QUALITY PUBLIC SCHOOL EDUCATION FOR HEART OF KNOXVILLE STUDENTS THAT EQUIPS AND ENCOURAGES YOUTH TO GRADUATE FROM HIGH SCHOOL AND TO SUCCEED IN COLLEGE OR TECHNICAL SCHOOL. THIS IS ACCOMPLISHED THROUGH AN INTENTIONAL AND HOLISTIC K-16 APPROACH PROVIDING: ACADEMIC SUPPORT, SOCIAL SERVICES, CLASSROOM MANAGEMENT, COLLEGE ACCESS AND PARENTAL ENGAGEMENT. PROJECT GRAD HAS PARTNERED WITH KNOX COUNTY SCHOOLS (KCS), GREAT SCHOOLS PARTNERSHIP AND THE COMMUNITY FOR MORE THAN A DECADE TO INCREASE THE NUMBER OF STUDENTS FROM CHALLENGING CIRCUMSTANCES WHO (CONTINUED ON SCHEDULE O) (CONTINUED FROM PART III) COMPLETE HIGH SCHOOL AND HIGHER EDUCATION. THE KCS/GRAD PARTNERSHIP WAS ESTABLISHED WITH THREE GOALS: INCREASED ACADEMIC ACHIEVEMENT, INCREASED HIGH SCHOOL GRADUATION RATE, INCREASED COLLEGE GOING RATE. AS OF APRIL 2017, 298 (47%) OF THOSE PGK SCHOLARSHIP RECIPIENTS WHO ENROLLED IN A POST-SECONDARY PROGRAM ALSO COMPLETED THEIR PROGRAM (COUNTING STUDENTS FROM THE 2005-2010 COHORTS). 83% OF PGK SCHOLARSHIP RECIPIENTS HAVE ENTERED HIGHER EDUCATION. 72% OF THOSE COMPLETERS HAVE GRADUATED FROM A 4-YEAR INSTITUTION. OF THOSE COMPLETERS, 21% ARE FIRST GENERATION STUDENTS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ORGANIZATION ALSO HAS THE FOLLOWING ON-GOING PROGRAM ACTIVITIES: OPERATIONAL INITIATIVES INCLUDE SHAKESPEARE IN SHADES, LEADERS FOR READERS, AND THANK-A-TEACHER. OPERATIONAL GRANTS INCLUDE TEACHERPRENUER, ACCESSING COMMUNITY EMPLOYMENT(ACE), AND CODETN. FUNDED GRANTS INCLUDE INTERNATIONAL BACHELOR MIDDLE YEARS PROGRAM, MUZOLOGY, TUTORING CENTERS, PRINCIPAL LEADERSHIP ACADEMY, AND BLENDED ONLINE ACADEMY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND DID NOT CONDUCT ANY UNRELATED BUSINESS ACTIVITIES. THEREFORE, THE ORGANIZATION HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990 ARE SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. NO PERIODS ARE UNDER EXAMINATION, AND OPEN RETURN YEARS PER STATUTE ARE FOR THE YEARS ENDED JUNE 30, 2013 THROUGH JUNE 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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