Free 2 Teach Foundation
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $134.4k
- Employees
- 3
- Location
- Huntsville, AL
- Founding
- 09/2012
- Data as of
- 06/2022
- EIN
- 45-6634323
Organization Overview
Free 2 Teach Foundation is located in Huntsville, AL. The organization was established in 2012. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Free 2 Teach Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free 2 Teach Foundation 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, Free 2 Teach Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 6.5% 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 PROVIDE FREE RESOURCES TO TEACHERS IN MADISON COUNTY'S THREE PUBLIC SCHOOL SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED SCHOOL SUPPLIES AND OTHER RESOURCES TO OVER 624 TEACHERS ACROSS MADISON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Kling Executive Di | OfficerTrustee | 40 | $55,826 |
Missy Ming Smith Director | Trustee | 1.5 | $0 |
Tina Butkis Director | Trustee | 0.5 | $0 |
Rebekah Mckinney Director | Trustee | 0.5 | $0 |
Matt Reed Vice Preside | Trustee | 0.5 | $0 |
Aaron Friesen President | Trustee | 1.5 | $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 | $1,254,342 |
| Noncash contributions included in lines 1a–1f | $993,035 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,254,342 |
| Total Program Service Revenue | $0 |
| Investment income | $6,629 |
| 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 | $1,260,971 |
| 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 | $121,905 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $674 |
| Advertising and promotion | $2,836 |
| Office expenses | $7,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,649 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $701 |
| Insurance | $6,777 |
| All other expenses | $4,427 |
| Total functional expenses | $1,584,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $434,266 |
| 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 | $1,207,575 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $134,449 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,781,937 |
| 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 | $17,299 |
| Total liabilities | $17,299 |
| 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 | $1,764,638 |
| Total liabilities and net assets/fund balances | $1,781,937 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Free 2 Teach Foundation has recieved totaling $31,336.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: EDUCATION | $12,676 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $9,396 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,139 |
The Doris Burwell Foundation Huntsville, AL PURPOSE: CARRY OUT PROGRAMS | $4,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Mr & Mrs E H Sumners Foundation Jackson, MS | $72,595,869 | $8,309,284 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |
St Georges Independent Schools Foundation Collierville, TN | $31,055,433 | $2,932,779 |