Center Grove Education Foundation Inc
- Assets
- $579.1k
- Revenue
- $145.6k
- Investments
- $416.0k
- Employees
- 1
- Location
- Greenwood, IN
- Founding
- 06/1999
- Data as of
- 06/2021
- EIN
- 35-2062408
Organization Overview
Center Grove Education Foundation Inc is located in Greenwood, IN. The organization was established in 1999. 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. Center Grove Education 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 06/2021, Center Grove Education Foundation Inc generated $145.6k 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 (4.2%) each year. All expenses for the organization totaled $168.0k during the year ending 06/2021. 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
ENRICHING LIVES OF STUDENTS BY FUNDING EXTRAORDINARY AND INNOVATIVE LEARNING EXPERIENCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFORTS TO SUPPORT THE CENTER GROVE COMMUNITY SCHOOLS, STUDENTS, AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Rakow Executive Director | Officer | 30 | $52,885 |
Jane Dunigan-Smith Vice President | OfficerTrustee | 4 | $0 |
Ray Podesta Treasurer | OfficerTrustee | 4 | $0 |
Jamie Sowers President | OfficerTrustee | 4 | $0 |
Joanna May Secretary | OfficerTrustee | 4 | $0 |
Karen Hibbiot-Brandon Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,750 |
| Related organizations | $0 |
| Government grants | $10,861 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,539 |
| Total Program Service Revenue | $0 |
| Investment income | $12,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,528 |
| Net Income from Gaming Activities | $21,628 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $104,351 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,192 |
| Compensation of current officers, directors, key employees. | $22,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $899 |
| Office expenses | $2,779 |
| Information technology | $3,356 |
| 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 | $61 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,884 |
| All other expenses | $0 |
| Total functional expenses | $168,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,824 |
| Savings and temporary cash investments | $89,341 |
| 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 | $415,958 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,123 |
| 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 | $213 |
| Unsecured mortgages and notes payable | $10,992 |
| Other liabilities | $0 |
| Total liabilities | $11,205 |
| Net assets without donor restrictions | $0 |
| 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 | $567,918 |
| Total liabilities and net assets/fund balances | $579,123 |
Grants Awarded
Over the last fiscal year, Center Grove Education Foundation Inc has awarded $46,365 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER GROVE COMMUNITY SCHOOL CORPORATION PURPOSE: REACH PROGRAM AND CAMP REACH | $41,365 |
JOHNSON COUNTY COMMUNITY CORRECTIONS PURPOSE: REACH - FAMILY RESOURCE OFFICER | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Center Grove Education Foundation Inc has recieved totaling $25,563.
| Awarding Organization | Amount |
|---|---|
Johnson County Community Foundation Inc Franklin, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,298 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $265 |
Endowment Analysis
| Beg. Balance | $173,686 |
| Ending Balance | $173,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |