Seneca R-7 Schools Foundation
- Assets
- $488.2k
- Revenue
- $179.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Seneca, MO
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 31-1644963
Organization Overview
Seneca R-7 Schools Foundation is located in Seneca, MO. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education 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. Seneca R-7 Schools Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT FUNCTION IS TO RAISE FUNDS AND USE EXISTING MONEY TO GIVE SCHOLARSHIPS TO HIGH SCHOOL SENIORS ANNUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION AWARDED SCHOLARSHIPS AS FOLLOWS: 1) THREE 500 SCHOLARSHIPS TO STUDENTS WHO WILL ATTEND CROWDER COLLEGE 2) ONE 500 SCHOLARSHIP TO A STUDENT WHO WILL ATTEND COLLEGE OF THE OZARKS 3) ONE 500 SCHOLARSHIP TO A STUDENT WHO WILL ATTEND UNIVERSITY OF MISSOURI S&T 4) ONE 500 SCHOLARSHIP TO A STUDENT WHO WILL ATTEND OKLAHOMA STATE UNIVERSITY 5) ONE 750 SCHOLARSHIP TO A STUDENT WHO WILL ATTEND UNIVERSITY OF ARKANSAS
THE CORPORATION AWARDED 800,000 TO THE TURF PROJECT. THE CORPORATION HAS BEGUN COLLECTING DONATIONS AND YEARLY COMMITTMENTS FOR THIS PROJECT. THE CORPORATION BORROWED THE MONEY FROM A LOCAL BANK ON A 10 YEAR LOAN BASED ON 10 YEAR COMMITTMENTS FROM 10 INDIVIDUALS AND BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deron Burr Vice-Preside | OfficerTrustee | $0 | |
Staci Cooper Secretary/tr | OfficerTrustee | 1 | $0 |
Michael Steele President | OfficerTrustee | $0 | |
Billy Friend Board Member | Trustee | $0 | |
Glenna Wallace Board Member | Trustee | $0 | |
Bobby Martin Board Member | Trustee | $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 | $177,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,330 |
| Total Program Service Revenue | $0 |
| Investment income | $1,999 |
| 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 | $179,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,891 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,490 |
| 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 | $0 |
| Total functional expenses | $808,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,779 |
| Savings and temporary cash investments | $306,452 |
| 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 | $488,231 |
| 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 | $800,000 |
| Other liabilities | $0 |
| Total liabilities | $800,000 |
| Net assets without donor restrictions | -$311,769 |
| 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 | $488,231 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seneca R-7 Schools Foundation has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
La-Z-Boy Foundation Monroe, MI PURPOSE: EDUCATION-LIBRARIES | $12,500 |
Peer Organizations
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|---|---|---|
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |