Spring Valley School Foundation
- Assets
- $2.8m
- Revenue
- $3.4m
- Investments
- $147.9k
- Employees
- 66
- Location
- Birmingham, AL
- Founding
- 01/2001
- Data as of
- 06/2023
- EIN
- 63-1253000
Organization Overview
Spring Valley School Foundation is located in Birmingham, AL. The organization was established in 2001. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Spring Valley School Foundation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Valley School 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 06/2023, Spring Valley School Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $3.8m during the year ending 06/2023. While expenses have increased by 15.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SPECIALIZED LEARNING PROGRAMS IN AN INDEPENDENT PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES INDIVIDUALIZED ACADEMIC PROGRAMS IN AN INDEPENDENT PRIVATE SCHOOL TO STUDENTS WITH LEARNING DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Johnson Board Member | Trustee | 0.5 | $0 |
Jack Levy JD Board Member | Trustee | 0.5 | $0 |
Joe Abbott Jr Board Member | Trustee | 0.5 | $0 |
David Finn President | OfficerTrustee | 0.5 | $0 |
Wj Cornay MD Board Member | Trustee | 0.5 | $0 |
Hettie Johnson Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $785,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $874,711 |
| Total Program Service Revenue | $2,565,479 |
| Investment income | $3,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,443,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $508,805 |
| 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 | $1,999,125 |
| Pension plan accruals and contributions | $41,398 |
| Other employee benefits | $220,097 |
| Payroll taxes | $150,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,656 |
| 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 | $24,755 |
| Information technology | $5,899 |
| Royalties | $0 |
| Occupancy | $88,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,962 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,239 |
| Insurance | $29,649 |
| All other expenses | $229,542 |
| Total functional expenses | $3,789,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,050 |
| Savings and temporary cash investments | $30,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,047 |
| 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 | $6,683 |
| Net Land, buildings, and equipment | $2,509,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $147,889 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,237 |
| Total assets | $2,832,273 |
| Accounts payable and accrued expenses | $170,435 |
| Grants payable | $0 |
| Deferred revenue | $162,420 |
| 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 | $1,382,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,699 |
| Total liabilities | $1,738,433 |
| Net assets without donor restrictions | $1,055,340 |
| Net assets with donor restrictions | $38,500 |
| 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 | $2,832,273 |