Blount County Education Foundation Inc
- Assets
- $1.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Oneonta, AL
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 63-1215348
Organization Overview
Blount County Education Foundation Inc is located in Oneonta, AL. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Blount County 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 12/2023, Blount County Education Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 26.8% per year over the past 9 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, Blount County Education Foundation Inc has awarded 79 individual grants totaling $6,992,628. 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 BLOUNT COUNTY EDUCATION FOUNDATION, INC. WAS INCORPORATED AS A NONPROFIT ORGANIZATION ON NOVEMBER 18, 1998 TO PROMOTE ACADEMIC EXCELLENCE IN BLOUNT COUNTY SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DIRECT GRANTS TO TEACHER CLASSROOMS.
THE FOUNDATION MADE GRANTS TO ASSIST TEACHERS IN FUNDING CLASSROOM NEEDS, A SUMMER ACADEMY, AND PROVIDING FOR AT-RISK TUTORING, MATERIALS, SCHOLARS BOWL, SPELLING BEE, AND A GRADUATION CELEBRATION.
PROVIDE FUNDS TO SUPPORT STUDENTS AT-RISK
PROVIDE FUNDS FOR OTHER ACTIVITIES SUPPORTING PUBLIC EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamra Doty Alldredge Member | Trustee | $0 | |
Gregg Armstrong Member | Trustee | $0 | |
Kenan Benton Member | Trustee | $0 | |
Amalia Contreras Member | Trustee | $0 | |
Wes Dillard Member | Trustee | $0 | |
Chris Green Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $828,891 |
| Related organizations | $0 |
| Government grants | $15,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,974,148 |
| Noncash contributions included in lines 1a–1f | $1,231,229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,818,247 |
| Total Program Service Revenue | $0 |
| Investment income | $76,025 |
| 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 | $2,894,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,318,179 |
| 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. | $35,463 |
| Compensation of current officers, directors, key employees. | $1,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $205 |
| Fees for services: Accounting | $1,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,683 |
| Office expenses | $13,055 |
| 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 | $862 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,382,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,150 |
| Savings and temporary cash investments | $971,092 |
| 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 | $724,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,734,003 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $9,750 |
| 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 | $9,750 |
| Net assets without donor restrictions | $483,384 |
| Net assets with donor restrictions | $1,240,869 |
| 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 | $1,734,003 |
Grants Awarded
Over the last fiscal year, Blount County Education Foundation Inc has awarded $2,308,925 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: TEACHER CLASSROOMS | $554,016 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: SUMMER PROGRAM | $180,705 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: SMES ARTS GRANT | $7,100 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: SPECIAL ACADEMIC PRJ | $6,510 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: STUDENT AMBASSADORS | $7,966 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: LFES ARTS | $25,000 |