Normal Park Museum Magnet Education Fund
- Assets
- $148.7k
- Revenue
- $148.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Chattanooga, TN
- Founding
- 03/2015
- Data as of
- 06/2021
- EIN
- 46-4637778
Organization Overview
Normal Park Museum Magnet Education Fund is located in Chattanooga, TN. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Normal Park Museum Magnet Education Fund 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, Normal Park Museum Magnet Education Fund generated $148.4k 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 (3.4%) each year. All expenses for the organization totaled $122.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. 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
THE NORMAL PARK MUSEUM MAGNET EDUCATION FUND ( THE "FUND") EXISTS TO ASSURE THAT THE EDUCATIONAL NEEDS OF ITS STUDENTS ARE FULLY MET. THE FUND SUPPORTS NORMAL PARK MUSEUM MAGNET (THE "SCHOOL") IN ITS GOALS, ESPECIALLY BY PROVIDING A FULL CURRICULUM, A PROFESSIONAL STAFF, TARGETED INTERVENTION FOR AT-RISK STUDENTS, AND AN INNOVATIVE AND EQUITABLE APPROACH TO EDUCATION FOR ALL. ON AN ANNUAL BASIS, THE FUND RAISES MONEY THROUGH GRANTS, PRIVATE DONATIONS, AND OTHER FUNDRAISING ACTIVITIES TO PROVIDE FINANCIAL SUPPORT TO THE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORMAL PARK MUSEUM MAGNET SCHOOL SUPPORT FOR TEACHER SALARIES, TEACHER PROFESSIONAL DEVELOPMENT, EDUCATIONAL MATERIALS, VISUAL ARTS, PERFORMING ARTS, TECHNOLOGY, AND STEM EDUCATION.
GRANTS AND STIPENDS PAID TO NORMAL PARK MUSEUM MAGNET SCHOOL FACULTY.
NORMAL PARK FACILITIES MAINTENANCE TO MAINTAIN SAFE FACILITIES AND GROUNDS.
NORMAL PARK MUSEUM MAGNET SUPPORT FOR PHYSICAL EDUCATION AND STUDENT ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Gates Immediate Past Chair | Trustee | 0 | $0 |
Katherine Lentz Board Member | Trustee | 0 | $0 |
Morgan Holmes Board Member | Trustee | 0 | $0 |
Leigh Boike Immediate Past Chair | Trustee | 0 | $0 |
Blake Freeman Board Member | Trustee | 0 | $0 |
Jennifer Melda Board Member | Trustee | 0 | $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 | $121,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,906 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,193 |
| Grants and other assistance to domestic individuals. | $9,600 |
| 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 | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,988 |
| 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 | $993 |
| All other expenses | $0 |
| Total functional expenses | $122,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,696 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $148,696 |
| 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 | $148,696 |
| Total liabilities and net assets/fund balances | $148,696 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Normal Park Museum Magnet Education Fund has recieved totaling $313.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
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 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |