Indianola Educational Foundation Inc
- Assets
- $8.7m
- Revenue
- $4.1m
- Investments
- $5.6m
- Employees
- 65
- Location
- Indianola, MS
- Founding
- 03/1984
- Data as of
- 06/2024
- EIN
- 64-6025738
Organization Overview
Indianola Educational Foundation Inc is located in Indianola, MS. The organization was established in 1984. 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 06/2024, Indianola Educational Foundation Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianola Educational 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 06/2024, Indianola Educational Foundation Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.4m during the year ending 06/2024. While expenses have increased by 4.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL INSTRUCTION AND OTHER RELATED OPPORTUNITIES AND SCHOOL ACTIVITIES FOR GRADES PREKINDERGARTEN THRU 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED EDUCATIONAL INSTRUCTION AND OTHER RELATED OPPORTUNITIES AND SCHOOL ACTIVITIES FOR PRE-KINDERGARTEN THRU GRADE 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fredrick Barrier President | OfficerTrustee | $0 | |
Chip Moore Treasurer | OfficerTrustee | $0 | |
Trey Koger Secretary | OfficerTrustee | $0 | |
Lake Baird Board Member | Trustee | $0 | |
Pepper Roberts Board Member | Trustee | $0 | |
Rod Veavey Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $126,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $885,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,012,289 |
| Total Program Service Revenue | $2,535,022 |
| Investment income | $514,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,072,264 |
| 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 | $2,087,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $36,285 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,554 |
| Office expenses | $313,733 |
| Information technology | $1,685 |
| Royalties | $0 |
| Occupancy | $218,206 |
| Travel | $15,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,062 |
| Insurance | $96,716 |
| All other expenses | $0 |
| Total functional expenses | $3,413,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,259,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,139 |
| 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 | $13,447 |
| Net Land, buildings, and equipment | $1,864,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,551,180 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,963 |
| Total assets | $8,735,696 |
| Accounts payable and accrued expenses | $87,834 |
| Grants payable | $0 |
| Deferred revenue | $239,564 |
| 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 | $31,963 |
| Other liabilities | $0 |
| Total liabilities | $359,361 |
| Net assets without donor restrictions | $7,372,981 |
| Net assets with donor restrictions | $1,003,354 |
| 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 | $8,735,696 |