Myers Park High School Foundation Inc
- Assets
- $1.8m
- Revenue
- $289.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/2012
- Data as of
- 06/2022
- EIN
- 45-4381569
Organization Overview
Myers Park High School Foundation Inc is located in Charlotte, NC. The organization was established in 2012. 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. Myers Park High 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 06/2022, Myers Park High School Foundation Inc generated $289.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $189.4k during the year ending 06/2022. While expenses have increased by 19.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO ENHANCE THE EDUCATIONAL EXPERIENCE OF MYERS PARK STUDENTS BY EXPANDING OPPORTUNITY, ADDRESSING UNMET NEEDS, AND FUNDING INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MYERS PARK HIGH SCHOOL PARTNERS WITH COMMUNITIES IN SCHOOLS TO PROVIDE GRADUATION ASSISTANCE TO AT RISK STUDENTS WHO ARE ECONOMICALLY AND EDUCATIONALLY DISADVANTAGED AT MYERS PARK HIGH SCHOOL. FUNDS RAISED FOR THIS PURPOSE GO TOWARD FUNDING 2 FULL TIME SITE COORDINATORS.
MUSTANG MATTERS PROVIDES ACADEMIC SUPPORT, MENTORING, AND RECREATION AND LIFE SKILLS TO STUDENTS AFTER SCHOOL. THE PROGRAM, WHICH BEGAN IN 2016, CELEBRATED ITS FIRST CLASS OF GRADUATING SENIORS IN JUNE 2020.
THE INNOVATIONS/COVID RELIEF FUND MERGED OUR INNOVATIONS AND COVID RELIEF PROGRAMS. INNOVATIONS ALLOWS THE FOUNDATION TO ACCEPT APPLICATIONS THROUGHOUT THE YEAR FOR NEW PROGRAMS AIMED AT INNOVATIVE SOLUTIONS TO DEMONSTRATED NEEDS. THE COVID RELIEF GRANT WAS SET UP IN MAY OF 2020 TO PROVIDE AID IN REMOTE LEARNING.THIS YEAR WE SUPPORTED THE MPHS PTSOS CRITICAL NEEDS INITIATIVE WITH TWO CASH DONATIONS. WE ALSO TOOK A GROUP OF ABOUT 20 JUNIORS AND SENIORS ON A DAY OF COLLEGE VISITS TO EXPOSE THEM TO OPPORTUNITIES FOR POST-GRADUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christie Hinshaw Treasurer | OfficerTrustee | 5 | $0 |
Ghazale Johnston President | OfficerTrustee | 6 | $0 |
Steve Larson Ass. Treasurer | OfficerTrustee | 2 | $0 |
Camp Jenkins Secretary | OfficerTrustee | 3 | $0 |
Katharine Bolt Vice President | OfficerTrustee | 3 | $0 |
Angus Mcbryde Ex-Officio | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,439 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,798 |
| Total Program Service Revenue | $0 |
| Investment income | $515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $149,315 |
| Grants and other assistance to domestic individuals. | $13,246 |
| 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 | $9,820 |
| 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 | $1,289 |
| All other expenses | $2,457 |
| Total functional expenses | $189,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,009 |
| Savings and temporary cash investments | $180,575 |
| 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 | $1,289,102 |
| Total assets | $1,816,686 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $1,816,686 |
| Total liabilities and net assets/fund balances | $1,816,686 |
Grants Awarded
Over the last fiscal year, Myers Park High School Foundation Inc has awarded $149,315 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: Programming | $140,000 |
Charlotte, NC PURPOSE: COVID Relief/Aid | $9,315 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Myers Park High School Foundation Inc has recieved totaling $65,062.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $33,150 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $17,000 |
Myers Park High School Foundation Inc Charlotte, NC PURPOSE: COVID Relief/Aid | $9,315 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $4,500 |
David E And Marilyn W Withrow Foundation Charlotte, NC PURPOSE: DONATION TO ANNUAL FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
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 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |