Albany Public Schools Foundation
- Assets
- $4.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Albany, OR
- Founding
- 09/1985
- Data as of
- 06/2023
- EIN
- 93-0881300
Organization Overview
Albany Public Schools Foundation is located in Albany, OR. The organization was established in 1985. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Albany Public Schools Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Public 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, Albany Public Schools Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $775.2k during the year ending 06/2023. While expenses have increased by 17.1% per year over the past 8 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.
Since 2015, Albany Public Schools Foundation has awarded 22 individual grants totaling $1,096,852. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO GENERATE AND DISTRIBUTE RESOURCES THAT ENRICH AND ENHANCE EDUCATION OPPORTUNITIES FOR ALL STUDENTS, ENCOURAGE TEACHERS TO IMPLEMENT INNOVATIVE EDUCATIONAL PROGRAMS, AND AWARD SCHOLARSHIPS TO GREATER ALBANY PUBLIC SCHOOL DISTRICT STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO HIGH SCHOOL STUDENTS: AFTER INDIVIDUAL APPLICATIONS ARE APPROVED BY THE BOARD, SCHOLARSHIPS ARE AWARDED TO GRADUATING STUDENTS WHO WILL BE ATTENDING HIGHER EDUCATION INSTITUTIONS. A TOTAL OF 140 TRADITIONAL SCHOLARSHIPS WERE AWARDED TO GRADUATING STUDENTS ATTENDING COLLEGE AND/OR TRADE SCHOOL.
OTHER PROGRAM SERVICES INCLUDES DISTANCE LEARNING SUPPORT, SUICIDE PREVENTION AND OTHER GRANTS TO SCHOOL GROUPS EARNED THROUGH EVENT PARTICIPATION IN THE IRUN FOR KIDS AND ICELEBRATE KIDS EVENTS.
STUDENT ASSISTANCE PROGRAM -- K-12 & POST-SECONDARY: K-12 ASSISTANCE PROVIDES BASIC NEEDS FOR LOW-INCOME STUDENTS. POST- SECONDARY ASSISTANCE PROVIDES SUPPORT FOR STUDENTS CHOSEN BY EACH OF THE THREE ALBANY HIGH SCHOOLS. SUPPORT INCLUDES MENTORS, SCHOOL SUPPLIES, AND FINANCIAL ASSISTANCE.
CLASSROOM & ENRICHMENT GRANT PROGRAMS FOR PRE-K THROUGH HIGH SCHOOL: THE CLASSROOM GRANT AND ENRICHMENT PROGRAMS PROVIDE FUNDS TO OUR SCHOOLS TO SUPPLEMENT THEIR ARTS, PE/HEALTH/WELLNESS, AND STEM ACTIVITIES. GRANT PROGRAMS INCLUDE THE BIG IMPACT GRANT, CLASSROOM GRANTS, ENRICHMENT GRANTS, SPECIAL CIRCUMSTANCE GRANTS, DONOR DESIGNATED GRANTS, OTHER GRANTS, STEM GRANTS, AND SUICIDE PREVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Alford Past Preside | OfficerTrustee | 15 | $0 |
Monica Banks-Figueroa Secretary | OfficerTrustee | 3 | $0 |
Stephanie Black Board Member | Trustee | 15 | $0 |
Kimberly Christensen Board Member | Trustee | 3 | $0 |
Cindy Draper Board Member | Trustee | 1 | $0 |
Pat Eastman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $156,488 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $783,630 |
| Noncash contributions included in lines 1a–1f | $82,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $940,118 |
| Total Program Service Revenue | $43,665 |
| Investment income | $89,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,349 |
| Net Income from Fundraising Events | -$31,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,104,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,642 |
| Grants and other assistance to domestic individuals. | $241,336 |
| 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 | $201,312 |
| Pension plan accruals and contributions | $5,003 |
| Other employee benefits | $26,782 |
| Payroll taxes | $16,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,346 |
| Advertising and promotion | $11,578 |
| Office expenses | $17,688 |
| Information technology | $16,003 |
| Royalties | $0 |
| Occupancy | $41,216 |
| Travel | $1,656 |
| 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 | $40 |
| Insurance | $6,159 |
| All other expenses | $3,430 |
| Total functional expenses | $775,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,493 |
| Savings and temporary cash investments | $599,150 |
| Pledges and grants receivable | $35,088 |
| Accounts receivable, net | $85,564 |
| 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 | $18,516 |
| Investments—publicly traded securities | $3,790,792 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,691,603 |
| Accounts payable and accrued expenses | $4,827 |
| Grants payable | $299,250 |
| 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 | $304,077 |
| Net assets without donor restrictions | $962,674 |
| Net assets with donor restrictions | $3,424,852 |
| 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 | $4,691,603 |
Grants Awarded
Over the last fiscal year, Albany Public Schools Foundation has awarded $143,923 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER ALBANY PUBLIC SCHOOLS PURPOSE: BIG IMPACT GRANT | $20,000 |
GREATER ALBANY PUBLIC SCHOOLS PURPOSE: VARIOUS | $34,772 |
GREATER ALBANY PUBLIC SCHOOLS PURPOSE: CLASSROOM/ENRICHMENT | $63,836 |
GREATER ALBANY PUBLIC SCHOOLS PURPOSE: ENRICHMENT SUPPORT | $25,315 |