Fairfield Elementary Magnet Foundation Inc
- Assets
- $226.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 05/2019
- Data as of
- 06/2023
- EIN
- 83-4303767
Organization Overview
Fairfield Elementary Magnet Foundation Inc is located in Shreveport, LA. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Fairfield Elementary Magnet 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 06/2023, Fairfield Elementary Magnet Foundation Inc generated $119.4k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $26.5k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE FAIRFIELD FIELDHOUSE IS THE CURRENT FUNDRAISING PROJECT. WE ARE RAISING APPROXIMATELY $500,000 TO BUILD A FIELDHOUSE BEHIND OUR LIBRARY. IT WILL BE A MULTIPURPOSE CENTER THAT CAN BE USED FOR INSIDE RECESS, EVENTS AT SCHOOL, AFTERSCHOOL PROGRAMS. THIS FIELDHOUSE WILL ALSO SERVE AS A SPACE WHERE THE ENTIRE SCHOOL CAN GATHER TOGETHER AT ONE TIME WHICH IS CURRENTLY NOT POSSIBLE. IT WILL ALSO HAVE A SECOND SET OF BATHROOMS FOR THE SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Lewis Director | 1 | $0 | |
Ronald Morris Director | 1 | $0 | |
Madison Oliver Director | 1 | $0 | |
Elizabeth Miller Director | 1 | $0 | |
Emily Chafin Director | 1 | $0 | |
Chris Horne Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,095 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $46,059 |
| Other Revenue | $0 |
| Total Revenue | $119,424 |
| 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 | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $166 |
| Other expenses | $25,380 |
| Total expenses | $26,546 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $225,450 |
| Other assets | $0 |
| Total assets | $226,200 |
| Total liabilities | $455 |
| Net assets or fund balances | $225,745 |