Fayette Schools Alumni Association
- Assets
- $186.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, TN
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 02-0550828
Organization Overview
Fayette Schools Alumni Association is located in Somerville, TN. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayette Schools Alumni Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Fayette Schools Alumni Association generated $68.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $69.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED NINETEEN (19) SCHOLARSHIPS TO STUDENTS TO ATTEND FIRST YEAR COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Bryant Secretary | 13 | $0 | |
Herbert Grimes Treasurer | 12 | $0 | |
Wanda Keath Scholarship Chair | 8 | $0 | |
Monroe Woods President | 16 | $0 | |
Retta Wilson Membership Chair | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,079 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,357 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,436 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,172 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $336 |
| Other expenses | $270 |
| Total expenses | $69,778 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $186,208 |
| Other assets | $0 |
| Total assets | $186,208 |
| Total liabilities | $0 |
| Net assets or fund balances | $186,208 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fayette Schools Alumni Association has recieved totaling $7,527.
| Awarding Organization | Amount |
|---|---|
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $7,527 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |