Mountain Brook City Schools Foundation

Organization Overview

Mountain Brook City Schools Foundation is located in Birmingham, AL. The organization was established in 1992. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, 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. Mountain Brook 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 04/2022, Mountain Brook City Schools Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $777.1k during the year ending 04/2022. While expenses have increased by 4.9% 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.

Since 2015, Mountain Brook City Schools Foundation has awarded 36 individual grants totaling $4,275,180. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION IS TO MOBILIZE COMMUNITY SUPPORT AND RESOURCES FOR THE ACADEMIC IMPROVEMENT OF THE SCHOOL SYSTEM. FUNDS RAISED BECOME PART OF A PERMANENT ENDOWMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANT FROM FOUNDATION WAS FOR TECHNOLOGICAL UPGRADES TO SUPPORT USE OF INSTRUCTIONAL MATERIALS AS WELL AS A GENERAL GRANT RELATED TO COVID-19 RELIEF.


GRANT FROM FOUNDATION WAS FOR PROFESSIONAL DEVELOPMENT AND TRAINING OF STAFF AT VARIOUS SCHOOLS IN MOUNTAIN BROOK SCHOOL SYSTEM.


GRANT FROM THE FOUNDATION WAS FOR SECONDARY MATH EDUCATION AT THE MOUNTAIN BROOK JUNIOR HIGH SCHOOL LEVEL.


GRANT FROM FOUNDATION WAS FOR ENHANCEMENTS TO THE LIBRARIES OF VARIOUS SCHOOLS IN MOUNTAIN BROOK SCHOOL SYSTEM.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Rachel Weingartner
Secretary And Employee
$85,000
Key R Hudson
President
$0
Kristin Ritter
Vice President
$0
Lane Dewine
Treasurer
$0
Morgan Cook
Development Chair
$0
Glen Estess Jr
General Counsel
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$65,652
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$617,231
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$682,883
Total Program Service Revenue$0
Investment income $145,169
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $931,627
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,759,679

Grants Awarded

Over the last fiscal year, Mountain Brook City Schools Foundation has awarded $514,983 in support to 4 organizations.

Grant RecipientAmount

MOUNTAIN BROOK BOARD OF EDUCATION

PURPOSE: Technological upgrades to support use of instructional materials

$223,000

MOUNTAIN BROOK BOARD OF EDUCATION

PURPOSE: Professional development and training of staff

$185,216

MOUNTAIN BROOK BOARD OF EDUCATION

PURPOSE: Secondary Math

$64,767

MOUNTAIN BROOK BOARD OF EDUCATION

PURPOSE: Library enhancements

$42,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Mountain Brook City Schools Foundation has recieved totaling $39,614.

Awarding OrganizationAmount
The Community Foundation Of Greater Birmingham

Birmingham, AL

PURPOSE: GENERAL SUPPORT

$20,272
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$11,022
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: SUPPORT

$7,820
The Forman Foundation

Birmingham, AL

PURPOSE: TO SUPPORT ORGANIZATION

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,602,962
Earnings-$70,381
Ending Balance$1,532,581

Create an account to unlock the data you need.

or