Hamilton County Schools Foundation
- Assets
- $340.0k
- Revenue
- $432.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- Data as of
- 06/2023
- EIN
- 85-2766414
Organization Overview
Hamilton County Schools Foundation is located in Chattanooga, TN. 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. Hamilton County 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 06/2023, Hamilton County Schools Foundation generated $432.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $239.3k during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HAMILTON COUNTY SCHOOLS FOUNDATION (HCSF) WAS FORMED TO CULTIVATE PHILANTHROPY IN SUPPORT OF THE STRATEGIC INITIATIVES OF HAMILTON COUNTY SCHOOLS, THE PUBLIC SCHOOL DISTRICT IN HAMILTON COUNTY, TENNESSEE. THE MISSION OF HCSF IS TO SUPPORT EDUCATIONAL OPPORTUNITIES AND EXCELLENCE FOR ALL STUDENTS THROUGH THE EFFECTIVE MOBILIZATION OF RESOURCES, RELATIONSHIPS, AND INNOVATION. ACTIVITY AREAS ALIGN WITH THE STRATEGIC FOCUS AREAS OF HAMILTON COUNTY SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HCS CARE CLOSETS PROVIDE FREE CLOTHING, UNIFORMS, HYGIENE PRODUCTS, AND SNACKS TO STUDENTS IN NEED. THIS VITAL PROGRAM HELPS KEEP CHILDREN IN SCHOOL, EVEN WHEN FACED WITH CHALLENGING CIRCUMSTANCES.
SUPPORT FOR HAMILTON COUNTY SCHOOOLS - SUPPORT FOR HAMILTON COUNTY SCHOOLS INCLUDING SUPPORT FOR SCHOLARSHIP AWARDS, TEACHER HEROES BANQUET, SUPERINTENDENT'S BANQUET, SUPPLIES, MATERIALS, SUPPLIES, COMMUNITY VOLUNTEER EVENTS, TEACHER RECHARGE ROOMS, AND REIMBURSEMENT FOR SALARIES AND BENEFITS.
INNOVATION: STEM EDUCATION AND INNOVATION AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Fogleman Chair Emeritus | Trustee | 1 | $0 |
Greg Eaves Director | Trustee | 1 | $0 |
Martina Harris Director | Trustee | 1 | $0 |
Justin Robertson Director (ex-Officio) | Trustee | 1 | $0 |
Althea Jones Director | Trustee | 1 | $0 |
Mary Kilbride Director | 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 | $432,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $432,711 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $432,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,688 |
| Grants and other assistance to domestic individuals. | $11,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,775 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $239,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,953 |
| 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 | $339,953 |
| Accounts payable and accrued expenses | $1,481 |
| 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 | $1,481 |
| Net assets without donor restrictions | $324,299 |
| Net assets with donor restrictions | $14,173 |
| 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 | $339,953 |
Grants Awarded
Over the last fiscal year, Hamilton County Schools Foundation has awarded $508,222 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HAMILTON COUNTY DEPARTMENT OF EDUCATION PURPOSE: Literacy Officer Salary and Benefits - $143,250,Reach Summer Program - $8,880, Direct School Support -$58,520,Math Matters - $10,000, My Minutes Matter - $8,500, TN Score - $80,000, Battle Academy Innovation Labs -$45,260, Student Athlete Support - $5,000, Executive Director Salary and Benefits MOU - $74,340. | $433,750 |
PUBLIC EDUCATION FOUNDATION PURPOSE: Brown Academy Center for Innovation programming. | $14,472 |
NORTHSIDE NEIGHBORHOOD HOUSE PURPOSE: Community Schools programming. | $50,000 |
DYNAMO STUDIOS PURPOSE: Howard Connect Academy programming. | $10,000 |