Mentone Educational Resources Foundation
- Assets
- $71.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mentone, AL
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 63-1147880
Organization Overview
Mentone Educational Resources Foundation is located in Mentone, 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. Mentone Educational Resources 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 12/2022, Mentone Educational Resources Foundation generated $41.0k 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 (9.1%) each year. All expenses for the organization totaled $53.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Norris President | 2.5 | $0 | |
Tom Macmichael Vice President | 0.75 | $0 | |
Marsha Merrell Treasurer | 1 | $0 | |
Kathy Mcmunn Secretary | 1 | $0 | |
Walt Pullen Board Member | 0.75 | $0 | |
Kayla Worthey Board Member | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,236 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $468 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $300 |
| Other Revenue | $452 |
| Total Revenue | $40,979 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,650 |
| Professional fees and other payments to independent contractors | $923 |
| Occupancy, rent, utilities, and maintenance | $9,486 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,230 |
| Total expenses | $53,848 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,424 |
| Other assets | $0 |
| Total assets | $71,424 |
| Total liabilities | $399 |
| Net assets or fund balances | $71,025 |