The Asheville City Schools Foundation
- Assets
- $3.0m
- Revenue
- $780.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Asheville, NC
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 58-1836982
Organization Overview
The Asheville City Schools Foundation is located in Asheville, NC. 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. As of 06/2022, Asheville City Schools Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville City Schools 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, Asheville City Schools Foundation generated $780.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 3.3% 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
THE MISSION OF THE ASHEVILLE CITY SCHOOLS FOUNDATION (ACSF) IS TO PROMOTE SUCCESS FOR ALL ASHEVILLE CITY SCHOOLS STUDENTS BY ENGAGING & MOBILIZING THE ENTIRE COMMUNITY TO SUPPORT ENRICHING AND INNOVATIVE EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASHEVILLE CITY SCHOOLS FOUNDATION IMPLEMENTS BOLD STRATEGIES, FUNDS BIG IDEAS, AND MOBILIZES THE COMMUNITY TO INCREASE EXCELLENCE WITH EQUITY FOR STUDENTS IN THE CITY SCHOOLS. WE DO THIS BY MATCHING STRUGGLING STUDENTS WITH VOLUNTEERS, PROVIDING HIGH-QUALITY AFTER SCHOOL PROGRAMMING TO YOUNG TEENS THROUGH IN REAL LIFE (IRL) AT ASHEVILLE MIDDLE, RESOURCING TEACHERS WITH FUNDS AND PROFESSIONAL DEVELOPMENT SO THAT THEY ARE EMPOWERED TO IMPLEMENT NEW, AND MORE EFFECTIVE INSTRUCTIONAL PRACTICES, FUNDING HIGH- QUALITY ARTS-INSTRUCTION THROUGH ARTIST RESIDENCIES, AND AWARDING COLLEGE SCHOLARSHIPS TO GRADUATING SENIORS TO OVERCOME BARRIERS TO POVERTY AND ATTEND HIGHER EDUCATION. ACSF ALSO ADVOCATES FOR HIGH QUALITY PUBLIC EDUCATION BY BUILDING GRASSROOTS SUPPORT FOR WELL-RESOURCED SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Copland Rudolph Executive Di | Officer | 40 | $68,250 |
Ile Adaramola Board Member | Trustee | 1 | $0 |
Mary Alm Board Member | Trustee | 1 | $0 |
Patrick Bahls Board Member | Trustee | 1 | $0 |
Lauren Dorsey Board Member | Trustee | 1 | $0 |
Derek Edwards Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,174 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $151,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $807,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,014,433 |
| Total Program Service Revenue | $36,129 |
| Investment income | -$271,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $779,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $426,078 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,250 |
| Compensation of current officers, directors, key employees. | $9,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,593 |
| Payroll taxes | $25,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,627 |
| Fees for services: Accounting | $9,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,365 |
| Advertising and promotion | $6,298 |
| Office expenses | $13,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,140 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,214 |
| Insurance | $6,084 |
| All other expenses | $0 |
| Total functional expenses | $1,058,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,245 |
| Savings and temporary cash investments | $2,427,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,363 |
| 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 | $4,024 |
| Net Land, buildings, and equipment | $7,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,961,129 |
| Accounts payable and accrued expenses | $29,306 |
| 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 | $241,565 |
| Total liabilities | $270,871 |
| Net assets without donor restrictions | $262,773 |
| Net assets with donor restrictions | $2,427,485 |
| 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 | $2,961,129 |