District 5 Foundation For Educational Excellence
- Assets
- $139.1k
- Revenue
- $131.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ballentine, SC
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-1652805
Organization Overview
District 5 Foundation For Educational Excellence is located in Ballentine, SC. The organization was established in 2010. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. District 5 Foundation For Educational Excellence 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, District 5 Foundation For Educational Excellence generated $131.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $110.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 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
THE PURPOSE OF THIS CHARITABLE FOUNDATION IS TO SECURE AND DISTRIBUTE CONTRIBUTIONS FROM INDIVIDUALS, ESTATES, GOVERNMENT, CORPORATIONS, FOUNDATIONS AND ANY OTHER SOURCE FOR THE EDUCATIONAL BENEFIT OF THE STUDENTS OF SCHOOL DISTRICT FIVE OF LEXINGTON AND RICHLAND COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SNACKS AND MEALS TO FREE AND REDUCED LUNCH STUDENTS ON NON-SCHOOL DAYS. FUNDS SUPPORTED FOOD FOR DISTRIBUTION TO 13 SCHOOLS.
PROVIDE SUPPORT TO DISTRICT EDUCATORS AND STUDENTS. FUNDS DISTRIBUTED TO STUDENTS OF LOCAL HIGH SCHOOLS AND MIDLANDS TECHNICAL COLLEGE TO SUPPORT ACADEMIC PROJECTS.
SPONSOR EVENT TO RAISE FUNDS FOR ALL EXEMPT-PURPOSE PROGRAMS. MORE THAN 35 DONORS CONTRIBUTED ITEMS THAT PRODUCED MORE THAN $4,000 FROM THE AUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Estridge Secretary | Officer | 0 | $0 |
Mary Kennerly Vice President | Officer | 0 | $0 |
Vera Timmons President | Officer | 0 | $0 |
Joy Rambo Treasurer | Officer | 0 | $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 | $64,659 |
| Noncash contributions included in lines 1a–1f | $4,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,659 |
| Total Program Service Revenue | $66,686 |
| Investment income | $0 |
| 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 | $131,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,356 |
| 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. | $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 | $1,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,975 |
| Advertising and promotion | $861 |
| Office expenses | $616 |
| 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 | $1,256 |
| All other expenses | $0 |
| Total functional expenses | $110,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,120 |
| Savings and temporary cash investments | $0 |
| 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 | $139,120 |
| Accounts payable and accrued expenses | $200 |
| 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 | $200 |
| Net assets without donor restrictions | $138,920 |
| 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 | $139,120 |
Grants Awarded
Over the last fiscal year, District 5 Foundation For Educational Excellence has awarded $66,275 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LEXINGTON RICHLAND DISTRICT 5 | | | $16,219 |
SEVEN OAKS ELEMENTARY | | | $15,888 |
Columbia, SC | | $14,220 |
FLOODEMERGENCY DISTRIBUTIONS | | | $10,988 |
CHAPIN SUNRISE ROTARY CLUB | | | $8,960 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that District 5 Foundation For Educational Excellence has recieved totaling $10,340.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |
Clemson University Foundation Clemson, SC | $1,240,950,463 | $112,486,660 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Kenan-Flagler Business School Foundation Chapel Hill, NC | $259,673,453 | $44,675,511 |
Citadel Foundation Charleston, SC | $326,373,655 | $48,215,262 |