Vestavia Hills City Schools Foundation
- Assets
- $3.5m
- Revenue
- $313.1k
- Investments
- $3.2m
- Employees
- 1
- Location
- Vestavia Hills, AL
- Founding
- 06/1997
- Data as of
- 04/2022
- EIN
- 63-1170861
Organization Overview
Vestavia Hills City Schools Foundation is located in Vestavia Hills, AL. The organization was established in 1997. 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. Vestavia Hills 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, Vestavia Hills City Schools Foundation generated $313.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $251.2k during the year ending 04/2022. While expenses have increased by 6.2% 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, Vestavia Hills City Schools Foundation has awarded 18 individual grants totaling $913,321. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VESTAVIA HILLS CITY SCHOOLS FOUNDATION EXISTS TO PROVIDE PERPETUAL FINANCIAL SUPPORT TO EACH OF VESTAVIA HILLS CITY SCHOOLS AND TO PROTECT AND FOSTER THE STANDARD OF ACADEMIC EXCELLENCE IN THE SCHOOL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE AND ALLOCATE FUNDS IN ORDER TO CREATE INNOVATIVE EDUCATIONAL OPPORTUNITIES AND SUPPORT THE EXISTING PROGRAMS OF THE VESTAVIA HILLS CITY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lissa Schultz Secretary | OfficerTrustee | 20 | $0 |
Kyle Whittington President | OfficerTrustee | 60 | $0 |
Jay Morrow Past-President | OfficerTrustee | 20 | $0 |
Blair Liggins President - Elect | OfficerTrustee | 20 | $0 |
Daisy Buck Treasurer- Elect | OfficerTrustee | 20 | $0 |
Terry Sparks Treasurer | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,622 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,556 |
| Total Program Service Revenue | $0 |
| Investment income | $62,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,350 |
| Net Income from Fundraising Events | $92,381 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,378 |
| 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 | $53,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,422 |
| Advertising and promotion | $0 |
| Office expenses | $689 |
| 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 | $3,399 |
| All other expenses | $1,122 |
| Total functional expenses | $251,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,153,776 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,593 |
| Total assets | $3,543,243 |
| Accounts payable and accrued expenses | $563 |
| 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 | $563 |
| Net assets without donor restrictions | $2,221,240 |
| Net assets with donor restrictions | $1,321,440 |
| 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 | $3,543,243 |
Grants Awarded
Over the last fiscal year, Vestavia Hills City Schools Foundation has awarded $155,378 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VESTAVIA BOARD OF EDUCATION PURPOSE: TO SUPPORT THE VESTAVIA HILLS CITY BOARD OF EDUCATION. | $143,378 |
VARIOUS SCHOOLS WITHIN THE VESTAVIA HILLS CITY SCHOOL SYSTEM PURPOSE: TO SUPPORT THE VESTAVIA HILLS CITY SCHOOLS. | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Vestavia Hills City Schools Foundation has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $12,500 |
American Junior Golf Foundation Inc Braselton, GA PURPOSE: GENERAL SUPPORT | $7,500 |
Protective Life Foundations Birmingham, AL PURPOSE: 2021 DINNER AND DIAMONDS SPONSORSHIP, 2022 DINNER AND DIAMONDS | $1,750 |
Organization Name not Listed PURPOSE: ORGANIZATIONAL SUPPORT | | $750 |
Foundation For Financial Freedom And Entrepreneurship Inc Birmingham, AL PURPOSE: EDUCATIONAL | $500 |
Endowment Analysis
| Beg. Balance | $1,275,591 |
| Net Contributions | $45,849 |
| Ending Balance | $1,321,440 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
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 |