Spanish Fort Education Enrichment Foundation
- Assets
- $121.3k
- Revenue
- $38.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Spanish Fort, AL
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 43-1994062
Organization Overview
Spanish Fort Education Enrichment Foundation, operating under the name Sfeef, is located in Spanish Fort, AL. The organization was established in 2003. 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. Sfeef 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 12/2022, Sfeef generated $38.5k 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 (4.9%) each year. All expenses for the organization totaled $72.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SFEEF IS COMMITTED TO SECURE FUNDING FOR EDUCATIONAL ENRICHMENT FOR ALL SPANISH FORT SCHOOL CHILDREN. THIS REQUIRES RELIANCE ON MEMBERSHIPS, SPONSORSHIPS, AND SPECIAL EVENTS, WHICH INCLUDE OUR COMMUNITY OF PARENTS, TEACHERS, AND BUSINESS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SPECIFICS IN SCHEDULE O AND 4D BELOW
TO PROVIDE A SOURCE OF FUNDS FOR ENRICHMENT ACTIVITIES OF THE SPANISH FORT PUBLIC SCHOOLS AND STUDENTS THROUGH SCHOLARSHIPS, TEACHER GRANTS, ACT PREP CLASSES, ESSAY AND ART DESIGN CLASSES, WRITERS CONFERENCE, STEM CAMP, AND SCHOLAR'S BOWL. SFEEF ALSO HOSTS AN ANNUAL DINNER TO RECOGNIZE INSPIRATION AND SUCCESS IN OUR SCHOOLS CALLED RISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cleve Gantt President | OfficerTrustee | 5 | $0 |
Heather Sorrell Secretary | OfficerTrustee | 2 | $0 |
Erin Peden Board Member | Trustee | 1 | $0 |
Melissa Sprinkle Board Member | Trustee | 1 | $0 |
Julie Penn Treasurer | OfficerTrustee | 3 | $0 |
Greg Walker Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,600 |
| Fundraising events | $31,954 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,782 |
| Total Program Service Revenue | $0 |
| Investment income | -$13,331 |
| 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 | $38,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,047 |
| 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 | $5,977 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,079 |
| Office expenses | $130 |
| 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 | $929 |
| All other expenses | $6,724 |
| Total functional expenses | $72,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,327 |
| Savings and temporary cash investments | $10,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,283 |
| 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 | $83,409 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,334 |
| Accounts payable and accrued expenses | $15,880 |
| 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 | $15,880 |
| Net assets without donor restrictions | $105,454 |
| 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 | $121,334 |
Grants Awarded
Over the last fiscal year, Spanish Fort Education Enrichment Foundation has awarded $19,566 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SPANISH FORT MIDDLE SCHOOL PURPOSE: EDUCATIONAL ASSISTAN | $7,260 |
SPANISH FORT HIGH SCHOOL PURPOSE: EDUCATIONAL ASSISTAN | $6,747 |
ROCKWELL ELEMEMTARY SCHOOL PURPOSE: EDUCATIONAL ASSISTAN | $5,559 |