Clovercroft Elementary PTO EIN 45-1926196 Form 990 (PDF) Claim this org

Clovercroft Elementary PTO FY2023 filing

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Supports Clovercroft Elementary School's efforts to educate and encourage children's character. For fiscal year 2023 it reported $170K in revenue, $192K in expenses, and $52K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Franklin, TN
Website
www.wcs.edu/cces/pto.htm
Filings
5 on file (2021–2023)
Revenue
$170KFY2023
Expenses
$192K
Net assets
$52K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-1926196 Public charity (501(c)(3)) Franklin, TN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Supports Clovercroft Elementary School's efforts to educate and encourage children's character.
Leadership
Casandra Maher · VP of Volunteers
Money in and out
$170K revenue, $192K expenses
Bottom line
99% program efficiency
Where the money goes · FY2023
Total revenue
$170K
Pt VIII · Ln 12
Total expenses
$192K
Pt IX · Ln 25
Net assets
$52K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$22K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$170K
FY2023▲ +8%
Expenses
$192K
FY2023▲ +44%
Total assets
$52K
FY2023▼ -29%
Total liabilities
$0
FY2023
Total revenue
$170K
Pt VIII · Ln 12
Total expenses
$192K
Pt IX · Ln 25
Net assets
$52K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$22K
Total assetsPt X · Ln 16$52K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClovercroft Elementary PTO
EINHdr · item D45-1926196
Principal addressHdr · item CFranklin, TN
WebsiteHdr · item Jwww.wcs.edu/cces/pto.htm
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B94)
Ruling yearIRS BMFOct 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
VP of Volunteers
$0Pt VII · Sec A
Co VP of Events
$0Pt VII · Sec A
At Large Spirit
$0Pt VII · Sec A
Assistant Fundraising
$0Pt VII · Sec A
Co VP of Events
$0Pt VII · Sec A
VP of Communications
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $190K of program spending, described in the organization's own filed words · FY2022.
01

To heighten awareness of our members regarding the education of our childrento support the school in their efforts to educate and encourage the charachter development of our childrento provide dialogue and or feedback between school administrators and parentsto provide opportunities for acquintance between parents teachers and…

$190Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$107K · 63%
Other revenue$64K · 37%
Contributions & grants63%$107K
Other revenue37%$64K
Investment income$3
Total revenueLn 12$170K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$190K
Management & general1%$2K
Total functional expensesLn 25$192K

Balance Sheet

Part X · end of year
CashLn 1$52K
Total assetsLn 16$52K
Total liabilitiesLn 26$0
Total net assetsLn 32$52K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $52K · Operating expenses/yr $192K
3.3 months
Where the money goes
Program services
Program services $190K · Total expenses $192K
99%
Management & General
Management & general $2K · Total expenses $192K
1%
Fundraising
Fundraising $0 · Total expenses $192K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $95K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $107K · Total revenue $170K
63%
Government reliance
Government grants — · Total revenue $170K
Earned-income share
Program service revenue $0 · Total revenue $170K
0%
Investment reliance
Investment income $3 · Total revenue $170K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $192K
0%
Growth & trend
Revenue growth (YoY)
This year $170K · Prior year $158K
+8%
Net-asset trend (YoY)
End of year $52K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $170K · Expenses $192K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $52K
Net-asset ratio
Net assets $52K · Total assets $52K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $52K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Casandra Maher · Reported title VP OF VOLUNTEERS · Highest reported compensation $0 · Total expenses $192K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $192K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 8%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$121K revenue · ⤓ 990 PDF
FY2024$157K revenue · ⤓ 990 PDF
FY2023$170K revenue · viewing · ⤓ 990 PDF
FY2022$158K revenue · ⤓ 990 PDF
FY2021$94K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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