Clarke School Foundation Inc
- Assets
- $4.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 75
- Location
- Grove Hill, AL
- Founding
- 09/1995
- Data as of
- 07/2023
- EIN
- 63-0586337
Organization Overview
Clarke School Foundation Inc is located in Grove Hill, AL. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 07/2023, Clarke School Foundation Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarke School 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 07/2023, Clarke School Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $2.0m during the year ending 07/2023. While expenses have increased by 7.3% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER THE RESOURCES NECESSARY TO FACILITATE THE EDUCATIONAL PROCESS AND STIMULATE THE INTELLECTUAL AND PERSONAL GROWTH OF THE STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADMINISTER THE RESOURCES NECESSARY TO FACILITATE THE EDUCATIONAL PROCESS AND STIMULATE THE INTELLECTUAL AND PERSONAL GROWTH OF ITS STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Davis Board Member | Trustee | $0 | |
Daniel Fendley Vice Chairma | OfficerTrustee | $0 | |
Stephanie Fendley Board Member | Trustee | $0 | |
Wesley Hicks Board Member | Trustee | $0 | |
Kayla Jackson Board Member | Trustee | $0 | |
Jason Jones Board Member | Trustee | $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 | $159,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,012 |
| Total Program Service Revenue | $1,297,847 |
| Investment income | $12,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $172,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $152,180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,756,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,238,823 |
| Pension plan accruals and contributions | $7,741 |
| Other employee benefits | $0 |
| Payroll taxes | $94,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159,281 |
| Fees for services: Accounting | $4,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,988 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,389 |
| Travel | $2,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,536 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,731 |
| Insurance | $52,373 |
| All other expenses | $31,145 |
| Total functional expenses | $2,011,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,228 |
| Savings and temporary cash investments | $1,176,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,269 |
| 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 | $51,962 |
| Net Land, buildings, and equipment | $2,682,656 |
| Investments—publicly traded securities | $443,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,914,918 |
| Accounts payable and accrued expenses | $39,778 |
| Grants payable | $0 |
| Deferred revenue | $206,614 |
| 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 | $46,283 |
| Total liabilities | $292,675 |
| Net assets without donor restrictions | $4,620,250 |
| Net assets with donor restrictions | $1,993 |
| 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 | $4,914,918 |