Civic Intelligence

Murray County Schools Foundation

990EZ • Fiscal year 2023 • EIN 87-1095026

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

1006 Green RoadChatsworth, GA 30705

(706) 695-4531

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

88th percentile

68%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

67%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$21,758

Up $8,794 (+68%) from 2022

Net Assets

Up

$21,758

Up $8,794 (+68%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$82,466

Up $33,218 (+67%) from 2022

Expenses

Up

$73,672

Up $31,788 (+76%) from 2022

Net Income

Up

$8,794

Up $1,430 (+19%) from 2022

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2022: $12,964Net Assets 2022: $12,9642022Assets 2023: $21,758Net Assets 2023: $21,7582023Assets 2024: $15,818Net Assets 2024: $15,8182024

Highlighted filing

2023

Assets$21,758
Liabilities-
Net Assets$21,758

Operations Trend

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

$100K$50K$0-$50KRevenue 2022: $49,248Expenses 2022: $41,884Net Income 2022: $7,3642022Revenue 2023: $82,466Expenses 2023: $73,672Net Income 2023: $8,7942023Revenue 2024: $63,963Expenses 2024: $69,903Net Income 2024: -$5,9402024

Highlighted filing

2023

Revenue$82,466
Expenses$73,672
Net Income$8,794
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$99,288
Mission and Program Overview

Mission

The murray county schools foundation inc (the foundation) was formed for the sole purpose of providing supplemental financial funding support for each of the individual public schools (k-12) within the murray county board of education school district which is a public school district in the state of georgia. All funds the foundation raises, either through a fundraising event or contributions received by donors, will go predominantly to the supplemental financial support of the respective schools with the exception of a nominal amount retained for certain small recurring operating expenses of the foundation. These funds will be given to the schools in the school district based upon a needs basis to help the schools to secure the necessary funding for, but not limited to, playground equipment, extra curricular activities and fine arts equipment.

Program Services

DescriptionGrantsExpenses
FOUNDATION USED THE NET FUNDS GENERATED FROM ITS ANNUAL SPRING GALA TO FUND GRANTS TO EIGHT PUBLIC SCHOOLS IN THE MURRAY COUNTY SCHOOL DISTRICT. THE TOTAL OF THESE GRANTS WERE 72,672. IN ADDITON TO THE FUNDING TO THE EIGHT PUBLIC SCHOOLS, THE FOUNDATION FUNDED THE REACH SCHOLARSHIP TOTALING 1,000. THIS SCHOLARSHIP IS AWARDED TO A GRADUATING TWELFTH GRADE SENIOR FROM THE TWO HIGH SCHOOLS IN THE MURRAY BOARD OF EDUCATION SCHOOL DISTRICT. THE GRANTS AND SCHOLARSHIP BENEFITTED APPROXIMATELY 3,508 STUDENTS ENROLLED IN THE MURRAY COUNTY SCHOOL DISTRICT. SCHOOL AMOUNT PURPOSE WOODLAWN ELEMENTARY 12,000 DIGITAL SIGN COKER ELEMENTARY 16,000 PLAYGROUND EQUIP/READING AREA NORTHWEST ELEMENTARY 4,922 KILN FOR ART ROOM ETON ELEMENTARY 1,250 WEATHER STATION CHATSWORTH ELEMENTARY 6,500 UKULELES FOR MUSIC CLASS MURRAY COUNTY HIGH 10,000 FINE ARTS EQUIPMENT AND SUPPLIES NORTH MURRAY HIGH 10,000 MUSICAL INSTRUMENTS AND SOUND EQUIP CHATSWORTH ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS SPRING PLACE ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS ETON ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS WOODLAWN ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS TOTAL GRANTS 72,672 REACH SCHOLARSHIP 1,000 TOTAL 73,672$73,672$73,672
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN C LOUGHRIDGEPresident-$0--
PHENNA PETTYSecretary-$0--
CHARLES PANNELL IIIDirector-$0--
JOHNNY WATERSDirector-$0--
MICKEY DUNNDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$99,288$99,288$1,545$97,743
Total Events$99,288$99,288$16,822$82,466
Filing and Contact Details

Filer

Filer Name
Murray County Schools Foundation
EIN
87-1095026
Phone
7066954531
Address
1006 GREEN ROAD, CHATSWORTH, GA 30705

Signing Officer

Name
Stephen C Loughridge
Title
President
Phone
7066954531
Signed
2024-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Acree Jinright Leonard & Co Pc
Address
212 W GORDON ST, DALTON, GA 30720-4211
Preparer
Mitchell N Leonard CPA
Phone
7062785853
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: murray county board of education address: 1006 green road chatsworth, ga 30705 cash contribution: 12,000 name: murray county board of education address: 1006 green road chatsworth, ga 30705 cash contribution: 16,000 name: murray county board of education address: 1006 green road chatsworth, ga 30705 cash contribution: 6,500 name: murray county board of education address: 1006 green road chatsworth, ga 30705 cash contribution: 10,000 name: murray county board of education address: 1006 green road chatsworth, ga 30705 cash contribution: 10,000

Form 990-ez, Part III

The murray county schools foundation inc (the foundation) was formed for the sole purpose of providing supplemental financial funding support for each of the individual public schools (k-12) within the murray county board of education school district which is a public school district in the state of georgia. All funds the foundation raises, either through a fundraising event or contributions received by donors, will go predominantly to the supplemental financial support of the respective schools with the exception of a nominal amount retained for certain small recurring operating expenses of the foundation. These funds will be given to the schools in the school district based upon a needs basis to help the schools to secure the necessary funding for, but not limited to, playground equipment, extra curricular activities and fine arts equipment.

Form 990-ez, Part III, Line 28

Foundation used the net funds generated from its annual spring gala to fund grants to eight public schools in the murray county school district. The total of these grants were 72,672. In additon to the funding to the eight public schools, the foundation funded the reach scholarship totaling 1,000. This scholarship is awarded to a graduating twelfth grade senior from the two high schools in the murray board of education school district. The grants and scholarship benefitted approximately 3,508 students enrolled in the murray county school district. School amount purpose woodlawn elementary 12,000 digital sign coker elementary 16,000 playground equip/reading area northwest elementary 4,922 kiln for art room eton elementary 1,250 weather station chatsworth elementary 6,500 ukuleles for music class murray county high 10,000 fine arts equipment and supplies north murray high 10,000 musical instruments and sound equip chatsworth elementary 3,000 food/clothing for in need students spring place elementary 3,000 food/clothing for in need students eton elementary 3,000 food/clothing for in need students woodlawn elementary 3,000 food/clothing for in need students total grants 72,672 reach scholarship 1,000 total 73,672

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IRS990EZ/PrimaryExemptPurposeTxt0THE MURRAY COUNTY SCHOOLS FOUNDATION INC (THE FOUNDATION) WAS FORMED FOR THE SOLE PURPOSE OF PROVIDING SUPPLEMENTAL FINANCIAL FUNDING SUPPORT FOR EACH OF THE INDIVIDUAL PUBLIC SCHOOLS (K-12) WITHIN THE MURRAY COUNTY BOARD OF EDUCATION SCHOOL DISTRICT WHICH IS A PUBLIC SCHOOL DISTRICT IN THE STATE OF GEORGIA. ALL FUNDS THE FOUNDATION RAISES, EITHER THROUGH A FUNDRAISING EVENT OR CONTRIBUTIONS RECEIVED BY DONORS, WILL GO PREDOMINANTLY TO THE SUPPLEMENTAL FINANCIAL SUPPORT OF THE RESPECTIVE SCHOOLS WITH THE EXCEPTION OF A NOMINAL AMOUNT RETAINED FOR CERTAIN SMALL RECURRING OPERATING EXPENSES OF THE FOUNDATION. THESE FUNDS WILL BE GIVEN TO THE SCHOOLS IN THE SCHOOL DISTRICT BASED UPON A NEEDS BASIS TO HELP THE SCHOOLS TO SECURE THE NECESSARY FUNDING FOR, BUT NOT LIMITED TO, PLAYGROUND EQUIPMENT, EXTRA CURRICULAR ACTIVITIES AND FINE ARTS EQUIPMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FOUNDATION USED THE NET FUNDS GENERATED FROM ITS ANNUAL SPRING GALA TO FUND GRANTS TO EIGHT PUBLIC SCHOOLS IN THE MURRAY COUNTY SCHOOL DISTRICT. THE TOTAL OF THESE GRANTS WERE 72,672. IN ADDITON TO THE FUNDING TO THE EIGHT PUBLIC SCHOOLS, THE FOUNDATION FUNDED THE REACH SCHOLARSHIP TOTALING 1,000. THIS SCHOLARSHIP IS AWARDED TO A GRADUATING TWELFTH GRADE SENIOR FROM THE TWO HIGH SCHOOLS IN THE MURRAY BOARD OF EDUCATION SCHOOL DISTRICT. THE GRANTS AND SCHOLARSHIP BENEFITTED APPROXIMATELY 3,508 STUDENTS ENROLLED IN THE MURRAY COUNTY SCHOOL DISTRICT. SCHOOL AMOUNT PURPOSE WOODLAWN ELEMENTARY 12,000 DIGITAL SIGN COKER ELEMENTARY 16,000 PLAYGROUND EQUIP/READING AREA NORTHWEST ELEMENTARY 4,922 KILN FOR ART ROOM ETON ELEMENTARY 1,250 WEATHER STATION CHATSWORTH ELEMENTARY 6,500 UKULELES FOR MUSIC CLASS MURRAY COUNTY HIGH 10,000 FINE ARTS EQUIPMENT AND SUPPLIES NORTH MURRAY HIGH 10,000 MUSICAL INSTRUMENTS AND SOUND EQUIP CHATSWORTH ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS SPRING PLACE ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS ETON ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS WOODLAWN ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS TOTAL GRANTS 72,672 REACH SCHOLARSHIP 1,000 TOTAL 73,672
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FOUNDATION USED THE NET FUNDS GENERATED FROM ITS ANNUAL SPRING GALA TO FUND GRANTS TO EIGHT PUBLIC SCHOOLS IN THE MURRAY COUNTY SCHOOL DISTRICT. THE TOTAL OF THESE GRANTS WERE 72,672. IN ADDITON TO THE FUNDING TO THE EIGHT PUBLIC SCHOOLS, THE FOUNDATION FUNDED THE REACH SCHOLARSHIP TOTALING 1,000. THIS SCHOLARSHIP IS AWARDED TO A GRADUATING TWELFTH GRADE SENIOR FROM THE TWO HIGH SCHOOLS IN THE MURRAY BOARD OF EDUCATION SCHOOL DISTRICT. THE GRANTS AND SCHOLARSHIP BENEFITTED APPROXIMATELY 3,508 STUDENTS ENROLLED IN THE MURRAY COUNTY SCHOOL DISTRICT. SCHOOL AMOUNT PURPOSE WOODLAWN ELEMENTARY 12,000 DIGITAL SIGN COKER ELEMENTARY 16,000 PLAYGROUND EQUIP/READING AREA NORTHWEST ELEMENTARY 4,922 KILN FOR ART ROOM ETON ELEMENTARY 1,250 WEATHER STATION CHATSWORTH ELEMENTARY 6,500 UKULELES FOR MUSIC CLASS MURRAY COUNTY HIGH 10,000 FINE ARTS EQUIPMENT AND SUPPLIES NORTH MURRAY HIGH 10,000 MUSICAL INSTRUMENTS AND SOUND EQUIP CHATSWORTH ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS SPRING PLACE ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS ETON ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS WOODLAWN ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS TOTAL GRANTS 72,672 REACH SCHOLARSHIP 1,000 TOTAL 73,672
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE MURRAY COUNTY SCHOOLS FOUNDATION PROVIDED SUPPORT TO EIGHT SCHOOLS IN THE MURRAY COUNTY BOARD OF EDUCATION SCHOOL DISTRICT AND FUNDED A SCHOLARSHIP(REACH SCHOLARSHIP)THAT IS AWARDED TO A GRADUATING TWELFTH GRADE SENIOR IN THE SCHOOL SYSTEM PURSUING FURTHER EDUCAION AT A COLLEGE OR TECHNICAL SCHOOL. THESE EIGHT PUBLIC SCHOOLS WERE: CHATSWORTH ELEMENTARY (GRADES K-6) COKER ELEMENTARY (GRADES K-6) ETON ELEMENTARY (GRADES K-6) MURRAY COUNTY HIGH SCHOOL (GRADES 9-12) NORTH MURRAY HIGH SCHOOL (GRADES 9-12) NORTHWEST ELEMENTARY (GRADES K-6) SPRING PLACE ELEMENTARY (GRADES K-6) WOODLAWN ELEMENTARY (GRADES K-6) THE SUPPORT PROVIDED TO THESE EIGHT SCHOOLS WAS BASED UPON REQUESTS MADE BY THE ADMINISTRATION OF THESE SCHOOLS FOR FINANCIAL ASSISTANCE IN FUNDING PROJECTS AT THE RESPECTIVE SCHOOLS TO PROVIDE THE SCHOOLS THE ABILITY TO SERVE THE NEEDS OF THEIR STUDENT POPULATIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: MURRAY COUNTY BOARD OF EDUCATION ADDRESS: 1006 GREEN ROAD CHATSWORTH, GA 30705 CASH CONTRIBUTION: 12,000 NAME: MURRAY COUNTY BOARD OF EDUCATION ADDRESS: 1006 GREEN ROAD CHATSWORTH, GA 30705 CASH CONTRIBUTION: 16,000 NAME: MURRAY COUNTY BOARD OF EDUCATION ADDRESS: 1006 GREEN ROAD CHATSWORTH, GA 30705 CASH CONTRIBUTION: 6,500 NAME: MURRAY COUNTY BOARD OF EDUCATION ADDRESS: 1006 GREEN ROAD CHATSWORTH, GA 30705 CASH CONTRIBUTION: 10,000 NAME: MURRAY COUNTY BOARD OF EDUCATION ADDRESS: 1006 GREEN ROAD CHATSWORTH, GA 30705 CASH CONTRIBUTION: 10,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MURRAY COUNTY SCHOOLS FOUNDATION INC (THE FOUNDATION) WAS FORMED FOR THE SOLE PURPOSE OF PROVIDING SUPPLEMENTAL FINANCIAL FUNDING SUPPORT FOR EACH OF THE INDIVIDUAL PUBLIC SCHOOLS (K-12) WITHIN THE MURRAY COUNTY BOARD OF EDUCATION SCHOOL DISTRICT WHICH IS A PUBLIC SCHOOL DISTRICT IN THE STATE OF GEORGIA. ALL FUNDS THE FOUNDATION RAISES, EITHER THROUGH A FUNDRAISING EVENT OR CONTRIBUTIONS RECEIVED BY DONORS, WILL GO PREDOMINANTLY TO THE SUPPLEMENTAL FINANCIAL SUPPORT OF THE RESPECTIVE SCHOOLS WITH THE EXCEPTION OF A NOMINAL AMOUNT RETAINED FOR CERTAIN SMALL RECURRING OPERATING EXPENSES OF THE FOUNDATION. THESE FUNDS WILL BE GIVEN TO THE SCHOOLS IN THE SCHOOL DISTRICT BASED UPON A NEEDS BASIS TO HELP THE SCHOOLS TO SECURE THE NECESSARY FUNDING FOR, BUT NOT LIMITED TO, PLAYGROUND EQUIPMENT, EXTRA CURRICULAR ACTIVITIES AND FINE ARTS EQUIPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOUNDATION USED THE NET FUNDS GENERATED FROM ITS ANNUAL SPRING GALA TO FUND GRANTS TO EIGHT PUBLIC SCHOOLS IN THE MURRAY COUNTY SCHOOL DISTRICT. THE TOTAL OF THESE GRANTS WERE 72,672. IN ADDITON TO THE FUNDING TO THE EIGHT PUBLIC SCHOOLS, THE FOUNDATION FUNDED THE REACH SCHOLARSHIP TOTALING 1,000. THIS SCHOLARSHIP IS AWARDED TO A GRADUATING TWELFTH GRADE SENIOR FROM THE TWO HIGH SCHOOLS IN THE MURRAY BOARD OF EDUCATION SCHOOL DISTRICT. THE GRANTS AND SCHOLARSHIP BENEFITTED APPROXIMATELY 3,508 STUDENTS ENROLLED IN THE MURRAY COUNTY SCHOOL DISTRICT. SCHOOL AMOUNT PURPOSE WOODLAWN ELEMENTARY 12,000 DIGITAL SIGN COKER ELEMENTARY 16,000 PLAYGROUND EQUIP/READING AREA NORTHWEST ELEMENTARY 4,922 KILN FOR ART ROOM ETON ELEMENTARY 1,250 WEATHER STATION CHATSWORTH ELEMENTARY 6,500 UKULELES FOR MUSIC CLASS MURRAY COUNTY HIGH 10,000 FINE ARTS EQUIPMENT AND SUPPLIES NORTH MURRAY HIGH 10,000 MUSICAL INSTRUMENTS AND SOUND EQUIP CHATSWORTH ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS SPRING PLACE ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS ETON ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS WOODLAWN ELEMENTARY 3,000 FOOD/CLOTHING FOR IN NEED STUDENTS TOTAL GRANTS 72,672 REACH SCHOLARSHIP 1,000 TOTAL 73,672
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
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