Muscle Shoals Education Foundation Inc
- Assets
- $131.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Muscle Shoals, AL
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-1227355
Organization Overview
Muscle Shoals Education Foundation Inc is located in Muscle Shoals, AL. The organization was established in 2005. 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. Muscle Shoals Education Foundation 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 12/2021, Muscle Shoals Education Foundation Inc generated $122.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $128.8k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karran Sasser Executive Di | 20 | $32,500 | |
Amber Carruth Board Member | 0.5 | $0 | |
Lauren Boston Board Member | 0.5 | $0 | |
Dr Kyrel Buchanan Board Member | 0.5 | $0 | |
Jenny Strickland Secretary | 0.75 | $0 | |
Willis Thompson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,877 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $238 |
| Gain or Loss | $1,500 |
| Net Income from Gaming & Fundraising | -$47,864 |
| Other Revenue | $0 |
| Total Revenue | $122,751 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,795 |
| Professional fees and other payments to independent contractors | $470 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $53 |
| Other expenses | $9,336 |
| Total expenses | $128,842 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $131,439 |
| Other assets | $0 |
| Total assets | $131,439 |
| Total liabilities | $2,773 |
| Net assets or fund balances | $128,666 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Muscle Shoals Education Foundation Inc has recieved totaling $56.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
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 |
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 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |