Germantown Education Foundation
- Assets
- $234.0k
- Revenue
- $231.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Germantown, TN
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 20-5407626
Organization Overview
Germantown Education Foundation is located in Germantown, TN. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Germantown Education Foundation 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, Germantown Education Foundation generated $231.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $237.4k during the year ending 06/2022. While expenses have increased by 11.2% 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.
Since 2016, Germantown Education Foundation has awarded 40 individual grants totaling $571,114. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE FUNDS FOR EDUCATIONAL PURPOSES TO DIRECTLY SUPPORT THE PUBLIC EDUCATION OF CHILDREN IN GERMANTOWN, TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND ENHANCE THE ACADEMIC SUCCESS OF STUDENTS ATTENDING SCHOOLS IN THE CITY OF GERMANTOWN, TENNESSEE THROUGH GRANTS, PROJECTS, AND INITIATIVES DESIGNED TO IMPROVE THE QUALITY OF TEACHING AND LEARNING AND ADVANCE ACADEMIC ACHIEVEMENT OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Rudisill End 0522 Executive Di | Officer | 40 | $60,000 |
Richelle Kidder Secretary | OfficerTrustee | 1 | $0 |
Larry Coley Treasurer | OfficerTrustee | 1 | $0 |
Laura Barden President | OfficerTrustee | 1 | $0 |
Jason Gillum Vice Preside | OfficerTrustee | 1 | $0 |
Elaine Hare Executive Di | Officer | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $64,392 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,892 |
| Total Program Service Revenue | $0 |
| Investment income | $87 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $117,245 |
| Grants and other assistance to domestic individuals. | $34,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $750 |
| Office expenses | $1,284 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,014 |
| All other expenses | $1,810 |
| Total functional expenses | $237,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,884 |
| Savings and temporary cash investments | $206,669 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200 |
| 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 | $205 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $233,958 |
| Accounts payable and accrued expenses | $3,062 |
| Grants payable | $38,683 |
| 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 | $0 |
| Total liabilities | $41,745 |
| Net assets without donor restrictions | $177,709 |
| Net assets with donor restrictions | $14,504 |
| 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 | $233,958 |
Grants Awarded
Over the last fiscal year, Germantown Education Foundation has awarded $117,245 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DOGWOOD ELEMENTARY SCHOOL PURPOSE: EDUCATION | $27,542 |
Germantown, TN PURPOSE: EDUCATION | $25,880 |
Germantown, TN PURPOSE: EDUCATION | $21,273 |
Germantown, TN PURPOSE: EDUCATION | $19,762 |
RIVERDALE ELEMENTARY SCHOOL PURPOSE: EDUCATION | $10,505 |
Germantown, TN PURPOSE: EDUCATION | $6,683 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Germantown Education Foundation has recieved totaling $310.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |