Decatur Education Foundation Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Decatur, GA
- Founding
- 03/2002
- Data as of
- 06/2022
- EIN
- 58-2601384
Organization Overview
Decatur Education Foundation Inc is located in Decatur, GA. The organization was established in 2002. 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, Decatur Education Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decatur Education 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 06/2022, Decatur Education Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $768.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Decatur Education Foundation Inc has awarded 14 individual grants totaling $383,112. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE SOLVE THE PROBLEMS THAT HELP OUR KIDS FIND SUCCESS BY CONNECTING PEOPLE, RESOURCES, AND IDEAS. CENTRAL TO THIS WORK IS A COMMITMENT TO ERADICATING BARRIERS CAUSED BY SYSTEMIC RACISM, INCOME INEQUALITY, AND LACK OF BEHAVIORAL HEALTH SUPPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE DECATUR EDUCATION FOUNDATION IS TO SOLVE THE PROBLEMS THAT HELP DECATUR'S KIDS FIND SUCCESS BY CONNECTING PEOPLE, RESOURCES, AND IDEAS. CENTRAL TO THIS WORK IS A COMMITMENT TO ERADICATING BARRIERS CAUSED BY SYSTEMIC RACISM, INCOME INEQUALITY, AND THE LACK OF BEHAVIORAL HEALTH SUPPORTS.THE ORGANIZATION SERVES THE YOUTH OF DECATUR BY:- REMOVING OBSTACLES THAT IMPEDE LEARNING FOR OUR KIDS (POVERTY, LEARNING DIFFERENCES, ABILITIES, MENTAL HEALTH, LIFE CHALLENGES) SO THAT ALL OUR KIDS CAN FIND SUCCESS IN SCHOOL AND LIFE- PROVIDING OPPORTUNITIES THAT ACCELERATE AND DEEPEN LEARNING AND EMPOWER DECATURS KIDS TO MAKE A POSITIVE CONTRIBUTION ON OUR WORLD (ARTS, LEADERSHIP, SERVICE)- SUPPORTING TEACHERS AND EDUCATIONAL PROGRAMS TO ENSURE THAT OUR KIDS HAVE ENGAGING, MEANINGFUL CLASSROOM EXPERIENCES - STRENGTHENING COMMUNITY PROGRAMS TO EXTEND OUR CAPACITY TO PROVIDE GREAT EXPERIENCES FOR DECATURS KIDSBECAUSE WITH THE SUPPORT OF THEIR COMMUNITY, EVERY CHILD CAN REACH THEIR FULL POTENTIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Rothman Executive Dir. | Officer | 40 | $98,225 |
Shannon Scalese Director | Trustee | 2 | $0 |
Douglas S Faust Ex-Officio | Trustee | 1 | $0 |
Karen Paty Director | Trustee | 5 | $0 |
Haqiqa Bolling Director | Trustee | 3 | $0 |
Becky Payne Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,190 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,138,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,189,338 |
| Total Program Service Revenue | $0 |
| Investment income | $38,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,770 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,230,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $276,011 |
| Grants and other assistance to domestic individuals. | $97,697 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,226 |
| Compensation of current officers, directors, key employees. | $10,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,012 |
| Payroll taxes | $17,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,650 |
| Advertising and promotion | $7,679 |
| Office expenses | $1,347 |
| Information technology | $6,142 |
| Royalties | $0 |
| Occupancy | $10,118 |
| Travel | $69 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $759 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,537 |
| Insurance | $7,444 |
| All other expenses | $2,009 |
| Total functional expenses | $768,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,779 |
| Savings and temporary cash investments | $152,605 |
| Pledges and grants receivable | $66,000 |
| Accounts receivable, net | $56,398 |
| 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 | $7,444 |
| Net Land, buildings, and equipment | $3,773 |
| Investments—publicly traded securities | $1,044,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,965,700 |
| Accounts payable and accrued expenses | $39,186 |
| 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 | $39,186 |
| Net assets without donor restrictions | $389,952 |
| Net assets with donor restrictions | $1,536,562 |
| 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 | $1,965,700 |
Grants Awarded
Over the last fiscal year, Decatur Education Foundation Inc has awarded $135,186 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DECATUR HIGH SCHOOL PURPOSE: ENCOURAGE NEW & BETTER WAYS TO TEAC | $21,599 |
CITY SCHOOLS OF DECATUR PURPOSE: ENCOURAGE NEW & BETTER WAYS TO TEACH STUDENTS | $102,338 |
RENFROE MIDDLE SCHOOL PURPOSE: ENCOURAGE NEW & BETTER WAYS TO TEAC | $11,249 |