Blount County Education Foundation Inc
- Assets
- $769.9k
- Revenue
- $914.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Oneonta, AL
- Founding
- 03/1999
- Data as of
- 12/2021
- 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 12/2021, Blount County Education Foundation Inc generated $914.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $676.5k during the year ending 12/2021. While expenses have increased by 13.3% 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, Blount County Education Foundation Inc has awarded 60 individual grants totaling $3,956,969. 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
2021
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.
PROVIDE FUNDS TO SUPPORT STUDENTS AT-RISK
PROVIDE FUNDS FOR OTHER ACTIVITIES SUPPORTING PUBLIC EDUCATION
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hallmark President | OfficerTrustee | $0 | |
Sharonda Holmes Treasurer | OfficerTrustee | $0 | |
Denise Martin Member | OfficerTrustee | $0 | |
Rebecca Mcmillian Member | OfficerTrustee | $0 | |
Jackie Sivley Vice Preside | OfficerTrustee | $0 | |
Amy Williamson Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $274,850 |
| Related organizations | $0 |
| Government grants | $17,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $621,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $913,260 |
| Total Program Service Revenue | $0 |
| Investment income | $1,268 |
| 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 | $914,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $634,963 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $1,500 |
| 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 | $0 |
| Fees for services: Accounting | $1,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,521 |
| Office expenses | $3,276 |
| 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 | $228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $676,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,909 |
| Savings and temporary cash investments | $56,530 |
| 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 | $469,501 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $769,940 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $154,605 |
| Net assets with donor restrictions | $615,335 |
| 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 | $769,940 |
Grants Awarded
Over the last fiscal year, Blount County Education Foundation Inc has awarded $630,684 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: TEACHER CLASSROOMS | $222,663 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: SUMMER PROGRAM | $188,271 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: CAREER TECH TRAINING | $175,000 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: SM | $20,000 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: MENTAL HEALTH PROJ | $12,500 |
BLOUNT COUNTY BOARD OF EDUCATION PURPOSE: COVID-19 | $12,250 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Blount County Education Foundation Inc has recieved totaling $145,325.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Alabama Inc Birmingham, AL PURPOSE: BOLD GOALS | $33,000 |
Community Partnership Of Alabama Inc Birmingham, AL PURPOSE: GENERAL OPERATING COSTS | $25,000 |
Holle Family Foundation Birmingham, AL PURPOSE: SUMMER LEARNING PROGRAM | $25,000 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $20,000 |
Cawaco Resource Conservation And Development Area Birmingham, AL PURPOSE: EDUCATION | $15,155 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |