Tuscaloosa City Schools Education Foundation Inc
- Assets
- $549.1k
- Revenue
- $83.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Tuscaloosa, AL
- Founding
- 04/1995
- Data as of
- 09/2021
- EIN
- 63-1138460
Organization Overview
Tuscaloosa City Schools Education Foundation Inc is located in Tuscaloosa, AL. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuscaloosa City Schools 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 09/2021, Tuscaloosa City Schools Education Foundation Inc generated $83.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $140.3k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TUSCALOOSA EDUCATION FOUNDATION IS TO PROVIDE SUPPORT AND FINANCIAL RESOURCES TO ENHANCE PUBLIC EDUCATION THROUGH A PARTNERSHIP WITH LOCAL SCHOOL SYSTEMS.
Describe the Organization's Program Activity:
TO PROVIDE SUPPORT FOR LOCAL K-12 SCHOOLS.
TO PROVIDE FUNDING FOR LOCAL SCHOOLS TO PARTICIPATE IN THE HOPE INSTITUTE WHERE TEACHERS LEARN HOW SCHOOLS CAN CONTRIBUTE TO STUDENT'S CHARACTER DELEVOPMENT.
TO PROVIDE FUNDING FOR SALARIES AND SUPPLIES FOR PROPER INSTRUCTION OF YOUTH ORCHESTRA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Boman Executive Director | OfficerTrustee | 20 | $39,313 |
Robert Ingram Member | OfficerTrustee | 1 | $0 |
Mark Sullivan President | OfficerTrustee | 1 | $0 |
Jennifer Stripling Treasurer | OfficerTrustee | 1 | $0 |
Jheovanny Gomez Member | Trustee | 1 | $0 |
Eric Heslop Member | Trustee | 1 | $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 | $77,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,735 |
| Total Program Service Revenue | $0 |
| Investment income | $5,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,310 |
| 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 | $39,313 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $444 |
| Total functional expenses | $140,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,966 |
| Savings and temporary cash investments | $469,979 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,185 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $549,130 |
| 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 | $1,111 |
| Total liabilities | $1,111 |
| Net assets without donor restrictions | $65,367 |
| Net assets with donor restrictions | $482,652 |
| 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 | $549,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tuscaloosa City Schools Education Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Coaching For Literacy Memphis, TN PURPOSE: LITERACY INTERVENTION AND RESOURCES | $10,000 |
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|---|---|---|
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Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |