Calhoun Education Foundation Corporation
- Assets
- $364.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 36
- Location
- Calhoun City, MS
- Founding
- 06/2018
- Data as of
- 06/2024
- EIN
- 64-0470122
Organization Overview
Calhoun Education Foundation Corporation is located in Calhoun City, MS. The organization was established in 2018. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Calhoun Education Foundation Corporation employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calhoun Education Foundation Corporation 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 06/2024, Calhoun Education Foundation Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 6.8% per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE CORPORATION IS AS FOLLOWS: TO ESTABLISH AND MAINTAIN A NON-DENOMINATIONAL CHRISTIAN SCHOOL WHICH SHALL OFFER INSTRUCTION IN REGULAR COURSES OF STUDY, UPHOLDING A HIGH STANDARD OF SCHOLASTIC EXCELLENCE, WITH ALL INSTRUCTION BEING FROM A DEFINITE CHRISTIAN VIEWPOINT; ALSO TO HELP EACH CHILD TO DEVELOP FAITH, CHARACTER, AND INTELLECTUAL ABILITY SO THAT HE/SHE MAY FULFILL THE UNIQUE PURPOSE FOR WHICH HE/SHE WAS CREATED BY GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THESE ARE THE EXPENSES AND REVENUES FROM OPERATING THE SCHOOL AND ITS ACTIVITIES.
THESE ARE THE EXPENSES AND REVENUES FROM OPERATING THE SCHOOL AND ITS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Brandon Director | Trustee | $0 | |
Lindsey Hastings Director | Trustee | $0 | |
Mitzi Mccostlin Secretary | OfficerTrustee | $0 | |
Jesse Parker Director | Trustee | $0 | |
Brad Smith Vice Preside | OfficerTrustee | $0 | |
Chris Tedder Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,676 |
| Total Program Service Revenue | $821,348 |
| Investment income | $21,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,103,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $541,673 |
| Pension plan accruals and contributions | $3,555 |
| Other employee benefits | $0 |
| Payroll taxes | $41,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $324,454 |
| Advertising and promotion | $420 |
| Office expenses | $2,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,920 |
| Travel | -$1,199 |
| 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 | $24,988 |
| Insurance | $57,244 |
| All other expenses | $0 |
| Total functional expenses | $1,063,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,112 |
| 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 | $145,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $364,553 |
| Accounts payable and accrued expenses | $753 |
| 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 | $50,994 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,800 |
| Total liabilities | $57,547 |
| Net assets without donor restrictions | $307,006 |
| Net assets with donor restrictions | $0 |
| 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 | $364,553 |