Hamilton County Schools Foundation
- Assets
- $147.2k
- Revenue
- $512.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- Data as of
- 06/2022
- 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 06/2022, Hamilton County Schools Foundation generated $512.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $573.6k during the year ending 06/2022. 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 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 AND INCLUDE ACCELERATING STUDENT ACHIEVEMENT, INNOVATION, GREAT TEACHERS AND LEADERS, AND ENGAGED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATING STUDENT ACHIEVEMENT: HCS LITERACY OFFICER - FUNDING FOR LITERACY OFFICER AT HAMILTON COUNTY SCHOOLS. LITERACY WORK WILL SUPPORT THE DISTRICT'S STRATEGIC PLAN, INCLUDING THE FOCUS PERFORMANCE TARGET TO HAVE AT LEAST 50% OF ALL THIRD GRADE STUDENTS SCORING PROFICIENT OR ADVANCED AS MEASURED BY THE TN READY ELA ASSESSMENT. SUMMER REACH PROGRAM - AT NO COST TO FAMILIES, REACH PROVIDES STUDENTS WITH SUMMER FUN AND LEARNING WITH FRIENDS AT 32 SCHOOL SITES ACROSS HAMILTON COUNTY. SESSIONS ARE DESIGNED TO REINFORCE LEARNING FROM THE JUST COMPLETED SCHOOL YEAR AND TO PREPARE STUDENTS FOR THE UPCOMING SCHOOL YEAR. TN SCORE PROJECT. MY MINUTES MATTER. MATH MATTERS. MOBILE LEARNING LABS. DIRECT SCHOOL SUPPORT. COMMUNITY SCHOOLS WITH NONPROFIT PARTNER.
ENGAGED COMMUNITY: BETTER TOGETHER DISTRICT-WIDE DAY OF SERVICE, INCLUDING BEAUTIFICATION PROJECTS FOR 26 SCHOOL CAMPUSES. DAY AT THE GAME FOR HAMILTON COUNTY STUDENTS IN PARTNERSHIP WITH UNIVERSITY OF TENNESSEE AT CHATTANOOGA.
INNOVATION: EQUIPMENT, SUPPLIES, AND MATERIALS FOR THE NEW BROWN CENTER OF INNOVATION, BATTLE ACADEMY INNOVATION LABS, AND HOWARD CONNECT ACADEMY DYNAMO STUDIOS PARTNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Womack Chair | Officer | 2 | $0 |
Blake Freeman Secretary | Officer | 2 | $0 |
Brent Goldberg Treasurer | Officer | 2 | $0 |
Keith Fogleman Chair Emeritus | Trustee | 1 | $0 |
Greg Eaves Director | Trustee | 1 | $0 |
Martha Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,734 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $465,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,171 |
| 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 | $512,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $508,722 |
| Grants and other assistance to domestic individuals. | $6,800 |
| 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 | $220 |
| 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 | $24,155 |
| Advertising and promotion | $0 |
| Office expenses | $1,204 |
| Information technology | $476 |
| Royalties | $0 |
| Occupancy | $8,797 |
| 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 | $573,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,184 |
| 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 | $147,184 |
| 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 | $107,170 |
| Net assets with donor restrictions | $40,014 |
| 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 | $147,184 |
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 |
Chattanooga, TN PURPOSE: Community Schools programming. | $50,000 |
Chattanooga, TN PURPOSE: Brown Academy Center for Innovation programming. | $14,472 |
Ooltewah, TN PURPOSE: Howard Connect Academy programming. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hamilton County Schools Foundation has recieved totaling $131,130.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: UNRESTRICTED | $56,130 |
Hamico Inc Chattanooga, TN PURPOSE: DONATION | $35,000 |
Benwood Foundation Inc Chattanooga, TN PURPOSE: COMMUNITY FORWARD SCHOOLS PARTNERSHIP | $25,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: INNOVATION LAB AT BATTLE ACADEMY | $10,000 |
Chattanooga Red Wolves Foundation Inc Park City, UT PURPOSE: EDUCATIONAL SUPPORT | $5,000 |
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 |