Clovis Municipal Schools Foundation Inc
- Assets
- $887.5k
- Revenue
- $131.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Clovis, NM
- Founding
- 04/2007
- Data as of
- 06/2022
- EIN
- 71-1018751
Organization Overview
Clovis Municipal Schools Foundation Inc, operating under the name Clovis Municipal Schools Foundation, is located in Clovis, NM. The organization was established in 2007. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Clovis Municipal Schools Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clovis Municipal Schools 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 06/2022, Clovis Municipal Schools Foundation generated $131.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $86.6k during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RESOURCES TO ENRICH TEACHING INSPIRE LEARNING AND ENHANCE OPPORTUNITIES FOR ALL STUDENTS ENROLLED IN THE CLOVIS MUNICIPAL SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE ALL STUDENTS TO WORK TO THEIR HIGHEST POTENTIAL RECOGNIZE ACADEMIC SERVICE AND CHARACTER ACHIEVEMENTS TO CLOVIS HIGH SCHOOL SENIORS BY AWARDING TWO $5000 COLLEGE SCHOLARSHIPS; PRESENT THE "YOUNG MASTERS" JURIED ART EXHIBITION FOR SECONDARY STUDENTS OF CLOVIS MUNICIPAL SCHOOLS 9TH-12TH GRADES TO CELEBRATE AND ENCOURAGE YOUNG ARTISTS AND THEIR TEACHERS FOR DEMONSTRATING EXCELLENCE IN ARTISTIC EXPRESSION AND EDUCATION BY AWARDING MODEST CASH AWARDS.
SUPPORT AND RECOGNIZE STAFF FOR INNOVATIVE AND EXEMPLARY TEACHING EFFORTS WITH ALLOCATION OF $5000 ANNUALLY FOR DISTRICT PROFESSIONAL DEVELOPMENT FOR TEACHERS AND OR STUDENT WORKSHOPS. ALLOCATION ANNUALLY OF $25,000 TO $30,000 FOR GRANT AWARDS TO TEACHERS AND OR SCHOOLS.
BUILD COMMUNITY AWARENESS FOR THE CLOVIS MUNICIPAL SCHOOLS FOUNDATION BY RECOGNIZING FORMER GRADUATES WHOSE ACHIEVEMENT STRENGTHS OF CHARACTER AND CITIZENSHIP SERVE AS MODELS TO INSPIRE AND CHALLENGE TODAY'S STUDENTS; INSPIRE PARENTS AND THE COMMUNITY TO PARTICIPATE WITH THE SCHOOL DISTRICT IN ENRICHING EDUCATION ALLOCATION OF $2,500 ANNUALLY FOR NET EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Rowley Director | Trustee | 1 | $0 |
Lora Harlan Director | Trustee | 1 | $0 |
Mitzi Estes Director | Trustee | 1 | $0 |
Gayla Brumfield President | Trustee | 1 | $0 |
Lonnie Leslie Vice President Of Development | Trustee | 1 | $0 |
David Briseno Vice President Of Administration | Trustee | 1 | $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 | $118,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,491 |
| Total Program Service Revenue | $0 |
| Investment income | $12,567 |
| 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 | $131,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,782 |
| 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. | $15,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,088 |
| Office expenses | $130 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,308 |
| All other expenses | $2,129 |
| Total functional expenses | $86,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $819,055 |
| Savings and temporary cash investments | $0 |
| 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 | $68,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $887,475 |
| Accounts payable and accrued expenses | $601 |
| 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 | $601 |
| Net assets without donor restrictions | $886,874 |
| 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 | $887,475 |