Mountain Education Foundation
- Assets
- $2.8m
- Revenue
- $743.4k
- Investments
- $20.6k
- Employees
- 1
- Location
- Signal Mountain, TN
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 26-3004434
Organization Overview
Mountain Education Foundation is located in Signal Mountain, TN. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Mountain 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, Mountain Education Foundation generated $743.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $476.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mountain Education Foundation has awarded 18 individual grants totaling $607,505. 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
OUR MISSION IS TO MOBILIZE RESOURCES AND SUPPORT FOR STRATEGIC INVESTMENT IN EDUCATIONAL EXCELLENCE AT SIGNAL MOUNTAIN, TN PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED TO PROVIDE ONGOING FINANCIAL SUPPORT TO ACHIEVE AND MAINTAIN EXCELLENCE IN SIGNAL MOUNTAIN K-12 PUBLIC EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilarie Robison Executive Director | Officer | 40 | $105,973 |
Brooke Maedel Development | OfficerTrustee | 2 | $0 |
Emily Cooper Secretary | OfficerTrustee | 4 | $0 |
Lisa Davis Communications | OfficerTrustee | 2 | $0 |
Justin Guthrie Treasurer | OfficerTrustee | 2 | $0 |
Jonathan Welch Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $127 |
| Membership dues | $0 |
| Fundraising events | $9,720 |
| Related organizations | $0 |
| Government grants | $26,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,054 |
| Total Program Service Revenue | $22,852 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $89,460 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $743,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,330 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,500 |
| Compensation of current officers, directors, key employees. | $7,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,000 |
| Payroll taxes | $7,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,326 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $6,068 |
| Information technology | $4,704 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $253 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,764 |
| All other expenses | $691 |
| Total functional expenses | $476,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,627 |
| Savings and temporary cash investments | $200,793 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,104,126 |
| Investments—other securities | $20,620 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,794,166 |
| Accounts payable and accrued expenses | $32,970 |
| 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 | $32,970 |
| Net assets without donor restrictions | $646,965 |
| Net assets with donor restrictions | $2,114,231 |
| 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 | $2,794,166 |
Grants Awarded
Over the last fiscal year, Mountain Education Foundation has awarded $252,274 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HCDE SIGNAL MOUNTAIN MIDDLE HIGH SCHOOL PURPOSE: EDUCATION | $91,362 |
HCDE NOLAN ELEMENTARY SCHOOL PURPOSE: EDUCATION | $87,215 |
HCDE THRASHER ELEMENTARY SCHOOL PURPOSE: EDUCATION | $57,807 |
Signal Mountain, TN PURPOSE: EDUCATION | $15,890 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Mountain Education Foundation has recieved totaling $103,119.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: UNRESTRICTED | $50,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: LEARNING CENTER | $22,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: ANNUAL FUND "LOVE OUR SCHOOL" MATCHING GRANT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,264 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: IB PROGRAM | $6,750 |
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $5,150 |
Endowment Analysis
| Beg. Balance | $1,898,667 |
| Net Contributions | $166,393 |
| Ending Balance | $2,065,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |