Webb City R-7 Schools Foundation Inc
- Assets
- $1.4m
- Revenue
- $310.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Webb City, MO
- Founding
- 10/2004
- Data as of
- 06/2021
- EIN
- 51-0513725
Organization Overview
Webb City R-7 Schools Foundation Inc is located in Webb City, MO. The organization was established in 2004. 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. Webb City R-7 Schools 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 06/2021, Webb City R-7 Schools Foundation Inc generated $310.9k 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 (10.7%) each year. All expenses for the organization totaled $126.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (19.1%) 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
TO RECEIVE AND ADMINISTER FUNDS FOR THE OPERATION AND ENDOWMENT OF EDUCATION AND ENRICHMENT PROGRAMS FOR THE BENEFIT OF STUDENTS OF THE WEBB CITY R-7 SCHOOL DISTRICT AND SOLICIT FUNDS FOR SPECIFIC CAPITAL IMPROVEMENT PROJECTS TO BENEFIT THE DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO STUDENTS WHO ARE CONTINUING THEIR EDUCATION BASED UPON THEIR SCHOLASTIC ACHIEVEMENTS AND/OR SPECIFIC ACHIEVEMENTS IN ACCORDANCE WITH CRITERIA DETERMINED BY DONORS AND/OR MEMBERS FO THE SCHOLARSHIP COMMITTEE OF THE WEBB CITY R-7 SCHOOL DISTRICT
PROVIDE GENERAL AND EDUCATIONAL SUPPORT TO THE WEBB CITY R-7 SCHOOL DISTRICT ADN ITS STUDENTS BASED UPON THE NEEDS AS DETERMINED BY THE WEBB CITY SCHOOL DISTRICT ADMINISTRATIVE STAFF
PROVIDE FUNDS TO HELP NEW STAF TO THE DISTRICT PREPARE TO MEET THE EDUCATIONAL NEEDS OF THE STUDENTS OF THE WEBB CITY R-7 SCHOOL DISTRICT
THE SUPPORT PROVIDED TO THE DISTRICT INCLUDES DONOR DIRECTED AND FOUNDATION SUPPORT OF MANY VARIED PROGRAMS OF THE DISTRICT AS REQUESTED AND APPROVED BY THE SCHOOL DISTRICT ADMINISTRATIVE OFFICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aston Stovern President | OfficerTrustee | 1 | $0 |
Tim Workman Treasurer | OfficerTrustee | 1 | $0 |
Angie Broaddus Secretary | OfficerTrustee | 1 | $0 |
Lisa Montgomery Vice President | OfficerTrustee | 1 | $0 |
Dr Anthony Rossetti Member | Trustee | 0 | $0 |
Jesse Degonia 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 | $229,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,077 |
| Total Program Service Revenue | $0 |
| Investment income | $81,835 |
| 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 | $310,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,207 |
| 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 | $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 | $4,034 |
| Fees for services: Other | $1,541 |
| Advertising and promotion | $4,591 |
| Office expenses | $152 |
| 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 | $525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $126,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,598 |
| Savings and temporary cash investments | $134,554 |
| 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 | $903,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,367,886 |
| 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 | $23,931 |
| Net assets with donor restrictions | $1,343,955 |
| 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 | $1,367,886 |
Grants Awarded
Over the last fiscal year, Webb City R-7 Schools Foundation Inc has awarded $115,207 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WEBB CITY R-7 SCHOOL DISTRICT PURPOSE: SCHOLARSHIPS | $59,900 |
WEBB CITY R-7 SCHOOL DISTRICT PURPOSE: STUDENT SUPPORT | $32,750 |
WEBB CITY R-7 SCHOOL DISTRICT PURPOSE: PROGRAM SUPPORT | $22,557 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Webb City R-7 Schools Foundation Inc has recieved totaling $20,388.
| Awarding Organization | Amount |
|---|---|
Jim And Carol Gaskill Memorial Tr Joplin, MO PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $388 |
Endowment Analysis
| Beg. Balance | $987,570 |
| Earnings | $81,835 |
| Net Contributions | $170,782 |
| Grants | $59,900 |
| Ending Balance | $1,180,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |