Germantown Education Foundation
- Assets
- $206.5k
- Revenue
- $199.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Germantown, TN
- Founding
- 10/2006
- Data as of
- 06/2023
- 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. As of 06/2023, Germantown Education Foundation employed 2 individuals. 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 06/2023, Germantown Education Foundation generated $199.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $188.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Germantown Education Foundation has awarded 41 individual grants totaling $584,092. 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
2023
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 |
|---|---|---|---|
Elaine Hare Executive Di | Officer | 50 | $43,750 |
Robyn Rudisill Executive Di | Officer | 50 | $25,000 |
Monica Burt 323 Director | Trustee | 1 | $0 |
Adam Crawford 519 Treasurer | OfficerTrustee | 1 | $0 |
Dr Manjit Kaur 519 Director | Trustee | 1 | $0 |
Jason Gillum 519 President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,443 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,258 |
| Total Program Service Revenue | $0 |
| Investment income | $798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,508 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,562 |
| Grants and other assistance to domestic individuals. | $42,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation of current officers, directors, key employees. | $28,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $319 |
| Office expenses | $243 |
| 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 | $681 |
| All other expenses | $2,517 |
| Total functional expenses | $187,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $204,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,075 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $111 |
| 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 | $206,530 |
| Accounts payable and accrued expenses | $2,762 |
| 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 | $0 |
| Total liabilities | $2,762 |
| Net assets without donor restrictions | $203,768 |
| Net assets with donor restrictions | $0 |
| 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 | $206,530 |
Grants Awarded
Over the last fiscal year, Germantown Education Foundation has awarded $85,772 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DOGWOOD ELEMENTARY SCHOOL PURPOSE: EDUCATION | $16,930 |
HOUSTON HIGH SCHOOL PURPOSE: EDUCATION | $18,517 |
RIVERDALE ELEMENTARY SCHOOL PURPOSE: EDUCATION | $12,890 |
FARMINGTON ELEMENTARY SCHOOL PURPOSE: EDUCATION | $30,075 |
FOREST HILL ELEMENTARY SCHOOL PURPOSE: EDUCATION | $7,360 |