Fernbank Elementary School Foundation Inc
- Assets
- $341.5k
- Revenue
- $40.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/2009
- Data as of
- 07/2021
- EIN
- 26-4028143
Organization Overview
Fernbank Elementary School Foundation Inc is located in Atlanta, GA. The organization was established in 2009. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Fernbank Elementary School 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 07/2021, Fernbank Elementary School Foundation Inc generated $40.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $63.0k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORMED IN 2009, THE FOUNDATION IS A NON-PROFIT, 501(C)(3) ORGANIZATION. IT CONTRIBUTES TO THE LONG-TERM DEVELOPMENT AND SUCCESS OF FERNBANK ELEMENTARY SCHOOL BY RAISING AND MANAGING FUNDS FOR SUPPLEMENTAL EDUCATIONAL ENHANCEMENTS. THE FOUNDATION'S SUPPORT AUGMENTS COUNTY RESOURCES, FILLING IN THE GAPS TO GIVE FERNBANK STUDENTS THE SPECIAL TOOLS THEY NEED FOR FURTHER SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FERNBANK ELEMENTARY FOUNDATION SUPPORTS MORE THAN 800 STUDENTS BY SUPPORTING:-TEACHERS BY PROVIDING TEACHER TRAINING,-ENHANCING THE SCHOOL BUILDING FOR MITIGATION OF COVID-19 AND PREPARATION FOR RETURN TO THE SCHOOL BUILDING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie James Secretary | OfficerTrustee | 0.5 | $0 |
Anna Devries President | OfficerTrustee | 10 | $0 |
Lauren Andrews Treasurer | OfficerTrustee | 10 | $0 |
Joan Ray Vice President | OfficerTrustee | 0.5 | $0 |
Kendra Thompson Director | Trustee | 0.25 | $0 |
Simone Willingham Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,840 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| 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 | $40,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,496 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $1,287 |
| Total functional expenses | $62,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,323 |
| Savings and temporary cash investments | $215,214 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $341,537 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,300 |
| Total liabilities | $2,300 |
| Net assets without donor restrictions | $339,237 |
| 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 | $341,537 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fernbank Elementary School Foundation Inc has recieved totaling $11,829.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,326 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Lambdarail Llc Tallahassee, FL | $13,348,492 | $7,717,742 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Usa Research And Technology Corporation Mobile, AL | $22,788,529 | $3,738,277 |
Auburn Research Park I Auburn, AL | $36,466,656 | $3,867,814 |
Georgia Charter Schools Association Inc Atlanta, GA | $3,275,551 | $3,963,375 |
Tennessee School Boards Association Nashville, TN | $6,082,451 | $2,785,185 |
South Carolina Universities Research And Education Foundation Aiken, SC | $556,555 | $2,208,324 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $426,843 | $2,213,711 |
Henderson County Alliance For Education Hendersonville, NC | $2,111,025 | $2,100,131 |
Renaissance West Community Initiative Charlotte, NC | $9,550,833 | $4,133,933 |