Gwinnett County Public Schools Foundation Fund Inc
- Assets
- $3.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Suwanee, GA
- Founding
- 09/2006
- Data as of
- 06/2021
- EIN
- 16-1764597
Organization Overview
Gwinnett County Public Schools Foundation Fund Inc is located in Suwanee, GA. The organization was established in 2006. 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. Gwinnett County Public Schools Foundation Fund Inc 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 06/2021, Gwinnett County Public Schools Foundation Fund Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.7% each year . All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 40.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gwinnett County Public Schools Foundation Fund Inc has awarded 114 individual grants totaling $5,772,581. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 2006, THE GWINNETT COUNTY PUBLIC SCHOOLS FOUNDATION FUND, INC. IS A NON-PROFIT 501(C)3 CHARITABLE ORGANIZATION DEDICATED TO PROVIDING FINANCIAL RESOURCES TO ENRICH AND ENHANCE EDUCATION IN GWINNETT COUNTY PUBLIC SCHOOLS. THE MISSION OF THE GWINNETT COUNTY PUBLIC SCHOOLS FOUNDATION FUND, INC. IS TO SUSTAIN THE WORLD-CLASS STANDARDS OF GWINNETT COUNTY PUBLIC SCHOOLS BY STRENGTHENING INTERNAL AND EXTERNAL COMMUNITY RELATIONSHIPS AND PROVIDING RESOURCES AND SUPPORT TO IMPROVE THE EDUCATIONAL FUTURE OF ALL STAKEHOLDERS. A BOARD OF TRUSTEES THAT IS REPRESENTATIVE OF THE GWINNETT COMMUNITY GOVERNS THE FOUNDATION, FOSTERING THE BELIEF THAT COMMUNITY INVOLVEMENT IN PUBLIC EDUCATION IS ESSENTIAL TO PROMOTING AN EDUCATED, HEALTHY, RESPONSIBLE CITIZENRY. THE BOARD OF TRUSTEES DIRECTS AND MANAGES THE AFFAIRS OF THE FOUNDATION AND ADOPTS THE RULES AND REGULATIONS FOR THE CONDUCT OF THE BUSINESS OF THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THREE FOUNDATION FUNDING PRIORITIES HAVE BEEN ESTABLISHED THAT SUPPORT AND ALIGN WITH DISTRICT MISSION, VISION AND GOALS. I. EDUCATION IN ACTION - SUPPORT FOR STUDENT SCHOLARSHIPS AND EDUCATOR GRANTS. II. EDUCATION ENRICHMENT AND ENHANCEMENT - SUPPORT FOR SYSTEM WIDE INSTRUCTIONAL INITIATIVES WITH EMPHASIS ON AT-RISK POPULATIONS, GRADUATION RATE; COLLEGE ACCESS; LITERACY INITIATIVES; INNOVATIVE TECHNOLOGIES. III. EDUCATION EXCELLENT AND REWARDS FUND - SUPPORT PROGRAMS THAT RECOGNIZE SCHOOLS THAT EXCEL ACADEMICALLY, AS WELL AS PROGRAMS THAT ATTRACT, REWARD AND RETAIN HIGH-PERFORMING TEACHERS, PRINCIPALS, ADMINISTRATORS AND SUPPORT STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Heffron CFO | OfficerTrustee | 1 | $0 |
Aaron Lupuloff Sr. Exec. Di | OfficerTrustee | 30 | $0 |
Kelly King Herndon Patterson Executive Di | OfficerTrustee | 40 | $0 |
Berryman E Woodruff Secretary | OfficerTrustee | 1 | $0 |
Marlon Allen Director | Trustee | 0.5 | $0 |
Renee Byrd-Lewis Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,728 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,532,249 |
| Noncash contributions included in lines 1a–1f | $1,973,861 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,570,977 |
| Total Program Service Revenue | $0 |
| Investment income | $4,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,575,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,911,497 |
| Grants and other assistance to domestic individuals. | $87,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,787 |
| Fees for services: Other | $30,025 |
| Advertising and promotion | $2,800 |
| Office expenses | $148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,624 |
| Insurance | $4,828 |
| All other expenses | $0 |
| Total functional expenses | $4,066,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,341,088 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $720,110 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,969 |
| Investments—publicly traded securities | $538,503 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,101,670 |
| Accounts payable and accrued expenses | $12,752 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $710,000 |
| Total liabilities | $722,752 |
| Net assets without donor restrictions | $1,266,054 |
| Net assets with donor restrictions | $1,112,864 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,101,670 |
Grants Awarded
Over the last fiscal year, Gwinnett County Public Schools Foundation Fund Inc has awarded $3,906,497 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
GWINNETT COUNTY SCHOOLS PURPOSE: LOCAL SCHOOL SUPPORT | $2,492,469 |
GWINNETT COUNTY SCHOOLS PURPOSE: PROGRAM SUPPORT | $1,073,317 |
Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $122,500 |
Duluth, GA PURPOSE: PROGRAM SUPPORT | $50,000 |
MEADOWCREEK HIGH SCHOOL PURPOSE: LOCAL SCHOOL SUPPORT | $16,712 |
LANIER HIGH SCHOOL PURPOSE: LOCAL SCHOOL SUPPORT | $16,504 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gwinnett County Public Schools Foundation Fund Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Mary P Dolciani Halloran Foundation Harrison, NY PURPOSE: ROBOTIC PROGRAM | $20,000 |
Endowment Analysis
| Beg. Balance | $236,064 |
| Earnings | $52,592 |
| Other Expense | $7,700 |
| Ending Balance | $280,956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |