Clarksville Montgomery County Education Foundation
- Assets
- $778.2k
- Revenue
- $511.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Clarksville, TN
- Founding
- 02/1989
- Data as of
- 06/2023
- EIN
- 58-1662301
Organization Overview
Clarksville Montgomery County Education Foundation is located in Clarksville, TN. The organization was established in 1989. 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. Clarksville Montgomery County Education 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 06/2023, Clarksville Montgomery County Education Foundation generated $511.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $433.0k during the year ending 06/2023. While expenses have increased by 4.3% 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.
Since 2017, Clarksville Montgomery County Education Foundation has awarded 15 individual grants totaling $1,258,442. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CLARKSVILLE-MONTGOMERY COUNTY EDUCATION FOUNDATION EXISTS TO SUPPORT THE IMPROVEMENT OF PUBLIC EDUCATION BY PROVIDING THE CLARKSVILLE-MONTGOMERY COUNTY SCHOOL SYSTEM ADDITIONAL FUNDING FOR THE SUPPORT OF PROGRAMS AND INITIATIVES THAT CONTRIBUTE TO STUDENT ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. GENERAL FUNDS INCLUDE: 1- ANNUAL BASH TO BENEFIT AUCTION GALA, IS THE SIGNATURE FUNDRAISER FOR THE EDUCATION FOUNDATION. WE HOPE TO GENERATE AWARENESS OF THE PROGRAMS AND INITIATIVES SUPPORTED BY THE FOUNDATION WHICH SUPPORT STUDENT ACHIEVEMENT. 2- EMPLOYEES OF THE CMCSS GIVE DONATIONS FROM THEIR PAYCHECK, AND 3- CITYSAVER IS A FUNDRAISING PROGRAM THAT BENEFITS EACH SCHOOL IN THE MONTGOMERY COUNTY DISTRICT.
D. ACADEMIC AWARDS: SINCE ITS CREATION IN 1986, THE FOUNDATION RECOGNIZES CMCSS STUDENTS WHO MAINTAIN ACADEMIC EXCELLENCE WITH AWARDS, RECEPTIONS, MEDIA RECOGNITION, AND A BANQUET DINNER. THE STUDENTS HONORED ARE FIRST, SECOND, AND THIRD YEAR RECIPIENTS WHO MAINTAIN NO LOWER THAN A 93 AVERAGE FOR THE LAST TWO CONSECUTIVE SEMESTERS, THIRD-YEAR RECIPIENTS ARE HONORED WITH A SPONSORED FAMILY BANQUET. E. PASS & GO: THE PASS AND GO PROGRAM CONTINUES TO BE SUCCESSFUL, BENEFITING FROM THE NUMBER OF STUDENTS WHO TAKE AND PASS AP COURSES AND EXAMS, WHICH INCREASES WITH EACH YEAR. F. LEADERSHIP CMCSS: THE PROGRAM IS DESIGNED TO BUILD BETTER COMMUNITY UNDERSTANDING OF SCHOOL SYSTEM CHALLENGES AND SUCCESS, AS WELL AS TO ENHANCE PUBLIC SCHOOL SYSTEM ADVOCATES. THE GOAL OF LEADERSHIP CMCSS IS TO HELP IMPROVE CITIZEN KNOWLEDGE ABOUT OUR LOCAL EDUCATION SYSTEM PRACTICES. EACH YEAR COMMUNITY LEADERS ARE ENCOURAGED TO APPLY FOR MEMBERSHIP IN THIS PROGRAM. G. BURT H.S: THE PURPOSE OF THIS SCHOLARSHIP IS TO PROVIDE FUNDS TO FOSTER AND PROMOTE ATTAINMENT OF HIGHER EDUCATION BY AWARDING SCHOLARSHIPS TO DESCENDANTS OF BURT HIGH SCHOOL. DESCENDANTS OF BURT HIGH SCHOOL REFERS TO THOSE PERSONS WHOSE ANCESTOR ATTENDED BURT HIGH SCHOOL. FUNDS FOR THIS SCHOLARSHIP IS PROVIDED SOLELY THROUGH THE BURT REUNION ASSOCIATION ENDOWMENT ESTABLISHED THROUGH THE EDUCATION FOUNDATION. H. PARTNERS IN EDUCATION: A COLLABORATION BETWEEN THE CLARKSVILLE MONTGOMERY COUNTY EDUCATION FOUNDATION, THE CLARKSVILLE MONTGOMERY COUNTY SCHOOL SYSTEM (CMCSS), AND THE CLARKSVILLE AREA CHAMBER OF COMMERCE, THE PARTNERS IN EDUCATION (PIE) PROGRAM WORKS TO UNITE CLARKSVILLE-MONTGOMERY SCHOOLS WITH LOCAL BUSINESSES AND ORGANIZATIONS FOR THE BENEFIT OF OUR ENTIRE COMMUNITY. I. DASH TO BENEFIT: DASH TO BENEFIT IS A COMMUNITY-SUPPORTED RACE TO BENEFIT THE TEACHERS AND STUDENTS OF THE CLARKSVILLE MONTGOMERY COUNTY SCHOOL SYSTEM. ALL PROFITS FROM THIS RACE WILL DIRECTLY SUPPORT GRANTS, THE TEACHER WAREHOUSE, ACADEMIC RECOGNITION, AND MORALE EFFORTS TO SUPPORT THE SCHOOL SYSTEM.
B. GRANTS: THE EDUCATION FOUNDATION OFFERS SEVERAL GRANT PROGRAMS SUCH AS "GREAT IDEA GRANT & BIG IDEA GRANTS", "GOOGLE GRANT", "STEM(TECH&ACADEMY)', 'COMMUNITY HEALTH FOUNDATION GRANT- AND "TEACHER OF THE YEAR GRANT-; GREAT IDEA GRANTS & BIG IDEA GRANTS ARE OPEN TO ALL CMCSS EDUCATORS TO BENEFIT THEIR CLASSROOMS AND SPECIAL PROJECTS IN A NON-TRADITIONAL WAY. AWARDS RECEIVED ARE BASED ON A COMPETITIVE RUBRIC AND ITS POTENTIAL IMPACT SCHOOL-WIDE OR IN THE CLASSROOM.
C. CMC TEACHERS WAREHOUSE: THE TEACHERS WAREHOUSE ALLOWS CMCSS TEACHERS THE OPPORTUNITY TO HAVE ACCESS TO NEW AND GENTLY-USED DONATED SUPPLIES FOR THE BENEFIT OF STUDENT ACHIEVEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Holladay Director | Trustee | $0 | |
Price Hopson Chairman | Trustee | $0 | |
Denise Pickett Director | Trustee | $0 | |
Susie Yonkers Director | Trustee | $0 | |
Jo Dee Wright Vice Chairma | Trustee | $0 | |
Grayson Smith Treasurer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $250,938 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,177 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,115 |
| Total Program Service Revenue | $0 |
| Investment income | $42,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$37,947 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,640 |
| Grants and other assistance to domestic individuals. | $65,327 |
| 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 | $36,501 |
| 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 | $5,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,659 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,366 |
| Office expenses | $2,528 |
| Information technology | $600 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $532 |
| 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 | $1,081 |
| All other expenses | $0 |
| Total functional expenses | $433,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,017 |
| Savings and temporary cash investments | $27,250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5 |
| 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 | $541,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $778,212 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $96,836 |
| 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 | $96,836 |
| Net assets without donor restrictions | $681,376 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $778,212 |
Grants Awarded
Over the last fiscal year, Clarksville Montgomery County Education Foundation has awarded $200,640 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLARKSVILLE-MONTGOMERY COUNTY SCHOOSYSTEM PURPOSE: CITYSAVER PAYOUT | $124,693 |
CLARKSVILLE-MONTGOMERY COUNTY SCHOOSYSTEM PURPOSE: BIG & GREAT IDEA GRA | $41,545 |
CLARKSVILLE-MONTGOMERY COUNTY SCHOOSYSTEM PURPOSE: TEACHER MORALE GRANT | $34,402 |