Sevier Co High School Foundation
- Assets
- $1.7m
- Revenue
- $850.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Sevierville, TN
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 91-1984587
Organization Overview
Sevier Co High School Foundation is located in Sevierville, TN. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sevier Co High School 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 12/2021, Sevier Co High School Foundation generated $850.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WILL GENERATE FINANCIAL SUPPORT FOR SCHOLARSHIPS, IMPROVEMENTS TO THE SCHOOL, AND TO ENCOURAGE GRADUATES TO VOLUNTEER THEIR TIME AND BECOME MORE INVOLVED IN SCHOOL AFFAIRS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURSUANT TO A REQUEST THE FOUNDATION RAISED FUNDS TO HELP PURCHASE LAND ADJACENT TO THE SCHOOL GROUNDS TO HELP ACCOMMODATE THE FUTURE NEEDS OF THE SEVIER COUNTY HIGH SCHOOL.
SCHOLARSHIPS WERE AWARDED TO GRADUATING SENIORS OF SEVIER COUNTY HIGH SCHOOL FOR USE AT COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Ward President | Officer | 2 | $0 |
Jo Blalock Secretarytreasurer | Officer | 2 | $0 |
Nancy Hewitt Directorfaculty | Officer | 10 | $0 |
Marguerite A Schmidt Vice President | Officer | 2 | $0 |
Andrew Temple Director | Trustee | 2 | $0 |
Charlotte H Tatum Faculty | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,663 |
| Total Program Service Revenue | $0 |
| Investment income | $17,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,559 |
| Net Income from Fundraising Events | $578,268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $850,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,000 |
| Grants and other assistance to domestic individuals. | $80,425 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,836 |
| Fees for services: Management | $3,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,185 |
| Fees for services: Other | $0 |
| Advertising and promotion | $750 |
| Office expenses | $850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $619 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,122,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,556 |
| Savings and temporary cash investments | $250,319 |
| 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 | $401,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $497,329 |
| Total assets | $1,671,100 |
| Accounts payable and accrued expenses | $1,326 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $501,326 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,169,774 |
| 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 | $1,671,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sevier Co High School Foundation has recieved totaling $335.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $335 |
Endowment Analysis
| Beg. Balance | $442,240 |
| Grants | $4,950 |
| Ending Balance | $437,290 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |