Museum School Foundation INC EIN 45-3740945 Form 990 (PDF) Claim this org

Museum School Foundation INC

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Supports the Museum School by raising funds for its programs and operations. For fiscal year 2025 it reported $226K in revenue, $255K in expenses, and $176K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Decatur, GA
Filings
6 on file (2020–2025)
Revenue
$226KFY2025
Expenses
$255K
Net assets
$176K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-3740945 Public charity (501(c)(3)) Decatur, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports the Museum School by raising funds for its programs and operations.
Leadership
Courtney Swafford · Chairman
Money in and out
$226K revenue, $255K expenses
Bottom line
82% program efficiency
Where the money goes · FY2025
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$176K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$29K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.09 Fundraising $0.09
Program efficiency
82%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
8.3mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▼ -226% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$226K
FY2025▼ -1%
Expenses
$255K
FY2025▲ +25%
Total assets
$176K
FY2025▼ -14%
Total liabilities
$0
FY2025
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$176K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$29K
Total assetsPt X · Ln 16$176K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMuseum School Foundation INC
EINHdr · item D45-3740945
Principal addressHdr · item CDecatur, GA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFNov 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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 (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Donor Stewardship
$0Pt VII · Sec A
Database Management
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Donor Development
$0Pt VII · Sec A
$0Pt VII · Sec A
Donor Strategy
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Museum School Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $209K of program spending, described in the organization's own filed words · FY2024.
01

Raise funds for the support of the museum school.

$209Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$222K · 98%
Investment income$4K · 2%
Contributions & grants98%$222K
Investment income2%$4K
Total revenueLn 12$226K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.09 Fundraising $0.09
Program services82%$209K
Management & general9%$22K
Fundraising9%$24K
Total functional expensesLn 25$255K

Balance Sheet

Part X · end of year
CashLn 1$176K
Total assetsLn 16$176K
Total liabilitiesLn 26$0
Total net assetsLn 32$176K
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $176K · Operating expenses/yr $255K
8.3 months
Where the money goes
Program services
Program services $209K · Total expenses $255K
82%
Management & General
Management & general $22K · Total expenses $255K
9%
Fundraising
Fundraising $24K · Total expenses $255K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $34K · Solicited contributions (3-yr avg) $155K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $222K · Total revenue $226K
98%
Government reliance
Government grants — · Total revenue $226K
Earned-income share
Program service revenue $0 · Total revenue $226K
0%
Investment reliance
Investment income $4K · Total revenue $226K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $255K
0%
Growth & trend
Revenue growth (YoY)
This year $226K · Prior year $228K
-1%
Revenue CAGR
FY2019 $56K · FY2024 $226K
+32%
Net-asset trend (YoY)
End of year $176K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $226K · Expenses $255K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $176K
Net-asset ratio
Net assets $176K · Total assets $176K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $176K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Courtney Swafford · Reported title Chairman · Highest reported compensation $0 · Total expenses $255K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $255K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 9%
Fundraising cost ratio 11%
Revenue growth -1%
Accounting fee ratio 2%

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 · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 6 grants · $723K · 2019–2024

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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)$226K revenue · viewing · ⤓ 990 PDF
FY2024$228K revenue · ⤓ 990 PDF
FY2023$266K revenue · ⤓ 990 PDF
FY2022$233K revenue · ⤓ 990 PDF
FY2021$224K revenue · ⤓ 990 PDF
FY2020$56K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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