Garrett County Public Schools Foundation Inc
- Assets
- $487.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mchenry, MD
- Founding
- 09/2016
- Data as of
- 06/2021
- EIN
- 81-2060291
Organization Overview
Garrett County Public Schools Foundation Inc is located in Mchenry, MD. The organization was established in 2016. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Garrett County Public Schools 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 06/2021, Garrett County Public Schools Foundation Inc generated $23.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.1%) each year. All expenses for the organization totaled $324.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO SUPPLEMENT EDUCATIONAL FUNDING TO PROVIDE OPPORTUNITIES TO STUDENTS AND FACULTY BEYOND WHAT FEDERAL, STATE, AND COUNTY TAX DOLLARS AND SCHOOL SYSTEM CAN PROVIDE.
Describe the Organization's Program Activity:
Part 3
PROGRAM SUPPORT - TO PROVIDE SUPPORT TO SCHOOLS, DEPARTMENTS, SPECIAL INTERESTS, AND OTHER PROJECTS APPROVED BY THE FOUNDATION.
ENDOWMENT - TO PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS
PROGRAM SUPPORT - TO PROVIDE SUPPORT TO SCHOOLS, DEPARTMENTS, SPECIAL INTERESTS, AND OTHER PROJECTS APPROVED BY THE FOUNDATION.
ENDOWMENT - TO PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS
PROGRAM SUPPORT - TO PROVIDE SUPPORT TO SCHOOLS, DEPARTMENTS, SPECIAL INTERESTS, AND OTHER PROJECTS APPROVED BY THE FOUNDATION.
ENDOWMENT - TO PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Sanders Vice Preside | 2 | $0 | |
Cynthia Downton President | 2 | $0 | |
Anna Miller Secretary | 2 | $0 | |
Thomas Carr Treasurer | 5 | $0 | |
Spencer Schlosnagle Director | 2 | $0 | |
Keith Harvey Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,785 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,194 |
| Gain or Loss | $12,911 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,890 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,875 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,254 |
| Total expenses | $324,378 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $487,779 |
| Other assets | $0 |
| Total assets | $487,779 |
| Total liabilities | $0 |
| Net assets or fund balances | $487,779 |
Endowment Analysis
| Beg. Balance | $141,512 |
| Earnings | $8,028 |
| Admin Expense | $1,214 |
| Grants | $7,000 |
| Ending Balance | $141,326 |
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