Cartersville Schools Foundation Inc
- Assets
- $2.4m
- Revenue
- $329.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cartersville, GA
- Founding
- 01/2002
- Data as of
- 06/2024
- EIN
- 58-2622779
Organization Overview
Cartersville Schools Foundation Inc is located in Cartersville, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cartersville 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 06/2024, Cartersville Schools Foundation Inc generated $329.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $245.0k during the year ending 06/2024. While expenses have increased by 6.0% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO STUDENTS AND STAFF OF THE CARTERSVILLE CITY SCHOOL SYSTEM TO ENHANCE THE EDUCATIONAL EXPERIENCE. PROVIDE NEEDS-BASED COLLEGE SCHOLARSHIPS TO SELECTED STUDENTS OF CARTERSVILLE HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BACKPACK BUDDIES - PROVIDES WEEKEND MEALS FOR FOOD INSECURE STUDENTS THROUGHOUT CARTERSVILLE AND BARTOW COUNTY. 1,275 STUDENTS RECEIVED BACKPACKS WITH FOOD TO CARRY THEM THROUGH THE WEEKENDS.
ADMIN, INDIVIDUAL SCHOLARSHIPS, MENTOR CANES, NUTRITION GRANT, GARDEN GRANT, TOTY, SUPPORT PERSONNEL/YEAR, STAFF SUPPORT
GATEKEY SCHOLARSHIP PROGRAM - PROVIDES SCHOLARSHIP FUNDS TO ELIGIBLE, LOW-INCOME STUDENTS GIVING THEM THE OPPORTUNITY TO WORK TOWARD AN ATTAINABLE GOAL OF A COLLEGE EDUCATION. GATEKEY PROVIDES FUNDS FOR DIRECTLY BILLED COLLEGE COSTS NOT COVERED BY PELL OR ZELL/HOPE FUNDS. TO DATE, MORE THAN 180 STUDENTS HAVE BEEN IMPACTED BY GATEKEY.
LEAST OF THESE STUDENT SUPPORT - PROVIDES ASSISTANCE TO STUDENTS IDENTIFIED AS HOMELESS OR LOW-INCOME. ASSISTS WITH NEEDS THAT CANNOT BE MET USING TAX MONEY OR FEDERAL GRANT FUNDS. PROGRAM LEVELS THE PLAYING FIELD BETWEEN SOCIO-ECONOMIC GROUPS SO STUDENTS ARE ABLE TO PARTICIPATE IN EXTRA-CURRICULAR SCHOOL ACTIVITIES AND HAVE ALL ITEMS NECESSARY TO BE ACADEMICALLY SUCCESSFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Cline Board Member | Trustee | 0 | $0 |
Kelley Dial Board Member | Trustee | 0 | $0 |
Danny Gilreath Board Member | Trustee | 0 | $0 |
Glenn Jordan Board Member | Trustee | 1 | $0 |
Jennifer Wiggins Matthews Board Member | Trustee | 0 | $0 |
Mary Montgomery 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 | $137,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,385 |
| Total Program Service Revenue | $0 |
| Investment income | $40,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $151,425 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,700 |
| Grants and other assistance to domestic individuals. | $119,166 |
| 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 | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,752 |
| Fees for services: Other | $0 |
| Advertising and promotion | $91 |
| Office expenses | $430 |
| Information technology | $15 |
| 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 | $2,606 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $698 |
| All other expenses | $96,137 |
| Total functional expenses | $244,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,806 |
| Savings and temporary cash investments | $585,835 |
| 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 | $1,328,372 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,356,013 |
| 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 | $2,356,013 |
| 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 | $2,356,013 |