Sevier County Partners In Progress Education Foundation
- Assets
- $610.2k
- Revenue
- $315.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Sevierville, TN
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-3367725
Organization Overview
Sevier County Partners In Progress Education Foundation is located in Sevierville, TN. The organization was established in 2017. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sevier County Partners In Progress Education 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 12/2022, Sevier County Partners In Progress Education Foundation generated $315.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $173.8k during the year ending 12/2022. 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
THE FOUNDATION WAS CREATED TO BENEFIT THE EDUCATION ENDEAVORS OF THE YOUNG PEOPLE OF SEVIER COUNTY. THE SCHOLARSHIP FUND IS USED TO ASSIST AREA HIGH SCHOOL STUDENTS WITH TUITION FOR DUAL ENROLLMENT CLASSES AT WALTERS STATE COMMUNITY COLLEGE AND TUITION ASSISTANCE FOR STUDENTS PURSUING A FOUR-YEAR DEGREE AT EAST TENNESSEE STATE UNIVERSITY IN SEVIERVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS CREATED TO BENEFIT THE EDUCATION ENDEAVORS OF THE YOUNG PEOPLE OF SEVIER COUNTY. THE SCHOLARSHIP FUND IS USED TO ASSIST AREA HIGH SCHOOL STUDENTS WITH TUITION FOR DUAL ENROLLMENT CLASSES AT WALTERS STATE COMMUNITY COLLEGE AND TUITION ASSISTANCE FOR STUDENTS PURSUING A FOUR-YEAR DEGREE AT EAST TENNESSEE STATE UNIVERSITY IN SEVIERVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Bettis Executive Di | OfficerTrustee | 40 | $50,634 |
Jim Rule Vice Preside | OfficerTrustee | 1 | $0 |
Linda Ogle President | OfficerTrustee | 1 | $0 |
Emily Kile Secretary | OfficerTrustee | 1 | $0 |
David Ogle Treasurer | OfficerTrustee | 1 | $0 |
Larry Waters Board Member | 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 | $260,209 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,209 |
| Total Program Service Revenue | $0 |
| Investment income | $2,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,475 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,700 |
| 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. | $50,634 |
| Compensation of current officers, directors, key employees. | $10,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,167 |
| Office expenses | $1,039 |
| 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 | $2,034 |
| All other expenses | $460 |
| Total functional expenses | $173,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $610,239 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $610,239 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $7,139 |
| Net assets with donor restrictions | $603,100 |
| 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 | $610,239 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sevier County Partners In Progress Education Foundation has recieved totaling $5,048.
| Awarding Organization | Amount |
|---|---|
Smartbank Foundaiton Chattanooga, TN PURPOSE: TO HELP PROVIDE SCHOLARSHIPS FOR STUDENTS IN SEVIER COUNTY | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |