Mountain Brook City Schools Foundation
- Assets
- $11.1m
- Revenue
- -$391.0
- Investments
- $0.0
- Employees
- 1
- Location
- Birmingham, AL
- Founding
- 09/1992
- Data as of
- 05/2023
- EIN
- 63-1072587
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.
Since 2015, Mountain Brook City Schools Foundation has awarded 40 individual grants totaling $4,795,587. 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
2023
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 PROFESSIONAL DEVELOPMENT AND TRAINING OF STAFF AT VARIOUS SCHOOLS IN MOUNTAIN BROOK SCHOOL SYSTEM.
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 THE FOUNDATION WAS FOR SECONDARY MATH EDUCATION AT THE MOUNTAIN BROOK JUNIOR HIGH SCHOOL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Key R Hudson Past President | OfficerTrustee | 1 | $0 |
Kristin Ritter President | OfficerTrustee | 5 | $0 |
Morgan Cook Development Chair | OfficerTrustee | 1.5 | $0 |
Hunter Craig Investment Chair | OfficerTrustee | 1.5 | $0 |
Britt A Redden Programs And Needs Chair | OfficerTrustee | 1 | $0 |
Glen Estess Jr General Counsel | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,941 |
| Total Program Service Revenue | $0 |
| Investment income | $10,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$391 |
| 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. | $6,324 |
| Compensation of current officers, directors, key employees. | $6,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,294 |
| Fees for services: Management | $15,396 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,922 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $27 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $471 |
| Total functional expenses | $29,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,649 |
| Savings and temporary cash investments | $272,394 |
| Pledges and grants receivable | $62,547 |
| 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 | $3,521 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,658,185 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,524 |
| Total assets | $11,062,820 |
| Accounts payable and accrued expenses | $549,440 |
| 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 | $549,440 |
| Net assets without donor restrictions | $8,941,360 |
| Net assets with donor restrictions | $1,572,020 |
| 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 | $11,062,820 |
Grants Awarded
Over the last fiscal year, Mountain Brook City Schools Foundation has awarded $549,440 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNTAIN BROOK BOARD OF EDUCATION PURPOSE: Technological upgrades to support use of instructional materials | $235,000 |
MOUNTAIN BROOK BOARD OF EDUCATION PURPOSE: Professional development and training of staff | $235,943 |
MOUNTAIN BROOK BOARD OF EDUCATION PURPOSE: Secondary Math | $66,497 |
MOUNTAIN BROOK BOARD OF EDUCATION PURPOSE: Library enhancements | $12,000 |