Myers Park High School Foundation Inc
- Assets
- $2.1m
- Revenue
- $232.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/2012
- Data as of
- 06/2023
- 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 06/2023, Myers Park High School Foundation Inc generated $232.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $144.0k during the year ending 06/2023. While expenses have increased by 13.3% per year over the past 8 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
2023
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 1 FULL TIME SITE COORDINATORS.
MENTAL HEALTH SUPPORT PROVIDES HELPFUL PROGRAMS TO THE MPHS STUDENT BODY REGARDING THE IMPORTANCE OF MENTAL HEALTH. THE LARGEST EXPENSE THIS YEAR INVOLVED THE FIRST STAGE OF REPURPOSING A SPACE ON CAMPUS AS A STUDENT WELLNESS CENTER.
INNOVATIONS ALLOWS THE FOUNDATION TO ACCEPT APPLICATIONS THROUGHOUT THE YEAR FOR NEW PROGRAMS AIMED AT INNOVATIVE SOLUTIONS TO DEMONSTRATED NEEDS. THIS YEAR WE TOOK TWO GROUPS OF 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 |
|---|---|---|---|
Ghazale Johnston Past President | Trustee | 0 | $0 |
Natasha Scrivener Ass. Treasurer | OfficerTrustee | 5 | $0 |
Jordan Harris Director | Trustee | 0 | $0 |
Christie Hinshaw Director | Trustee | 0 | $0 |
Ed Aluise Director | Trustee | 0 | $0 |
Julie Ahdieh Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,544 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,885 |
| Total Program Service Revenue | $0 |
| Investment income | $2,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,139 |
| Grants and other assistance to domestic individuals. | $7,000 |
| 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 | $8,127 |
| 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 | $1,342 |
| All other expenses | $5,090 |
| Total functional expenses | $144,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,401 |
| Savings and temporary cash investments | $606,298 |
| 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 | $1,463,733 |
| Total assets | $2,103,432 |
| 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 | $2,103,432 |
| Total liabilities and net assets/fund balances | $2,103,432 |
Grants Awarded
Over the last fiscal year, Myers Park High School Foundation Inc has awarded $80,139 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES IN SCHOOLS PURPOSE: Programming | $75,000 |
MYERS PARK HIGH SCHOOL PTSO PURPOSE: COVID Relief/Aid | $5,139 |