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Morgan County Schools Foundation FY2023 filing

Tax-deductible

Decatur, AL501(c)(3)EducationEIN 45-4429809Revenue $331K in FY2023

On file with the IRSmorgancoschoolsfoundation.comPo Box 5344, 35601-0344 · Decatur, ALTax-exempt since Nov 2012Publicly supported — 509(a)(2)

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To provide resources and inspire community particiation in support of Morgan County schools' vision - "students today; leaders tomorrow"

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $78K a year · 43% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
38 mo
of spending, in cash
Looks good: 37.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$920
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$331K
+559% vs prior year
Spent
$103K
To programs
100%
Net assets
$322K
By yearFY2019–FY2024
Revenue
$331K
FY2023▲ +559%
Tap a bar for its year
Revenue by fiscal year
FY2019$77K
FY2021$135K
FY2022$50K
FY2023$331K
FY2024$34K
FY2024$178K
Expenses
$103K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2021Not on file
FY2022Not on file
FY2023$103K
FY2024$105K
FY2024$117K
Net assets
$322K
FY2023▲ +244%
Tap a bar for its year
Net assets by fiscal year
FY2019$104K
FY2021$85K
FY2022$94K
FY2023$322K
FY2024$251K
FY2024$311K

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $103K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Kim Dillard
Secretary
$0Pt VII · Sec A
Amber Holeman
Vice Preside
$0Pt VII · Sec A
Jay Morris
President
$0Pt VII · Sec A

Kayla Riggs’s $10K as Executive Di is at the 8th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Morgan County Schools Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports local schools to help students become tomorrow's leaders.

Questions for Morgan County Schools Foundation

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Your first name shows with your question. Morgan County Schools Foundation answers here, for everyone.

Provided by the organization

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1 program · $103K · in their own filed words · FY2022
01

To provide funding to morgan county schools

$103Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$11
Total grants receivedfrom 1 funder$11
Grants paid · 5 grants · $143K · 2022–2024
Unitemized GrantFY2024$80,453
Unitemized GrantFY2024$6,158
Unitemized GrantFY2023$20,706
Unitemized GrantFY2022$24,890
Unitemized GrantFY2022$10,780

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$331K
Ln 12
Gifts and grantsLn 1h$312K
Other incomeLn 4–11$19K
Money outPt IX
$103K
Ln 25
Programscol B$103K
Owns and owesPt X
$322K
net assets · Ln 32
Cash and savingsLn 1–2$322K
Total assetsLn 16$322K
LiabilitiesLn 26$920
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$312K
Government grantsLn 1e$12K
Other incomeLn 4–11$19K
Total revenueLn 12$331K
Assets in detailPt X, end of year
CashLn 1$322K
Cash and savings togetherLn 1–2$322K
Total assetsLn 16$322K
LiabilitiesLn 26$920
Net assetsLn 32$322K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$94K$322K
Total assetsLn 16$94K$322K
LiabilitiesLn 26$781$920
Net assetsLn 32$94K$322K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$36K$36K
Other salaries and wagesLn 7$14K$14K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$400$400
Advertising and promotionLn 12$350$350
Office expensesLn 13$933$933
TravelLn 17$150$150
Other expenses (24a–d)Ln 24$50K$50K
Total functional expensesLn 25$103K$103K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $34K$105K−$71K$251K 990 PDF
FY2023 Viewing $331K$103K$228K$322K 990 PDF
FY2022 $50K$94K 990 PDF
FY2021 $135K$85K 990 PDF
FY2020 Not on file
FY2019 $77K$104K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $330,757 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,911$312,219
I-9 Program service revenuePrior year $39,252$0
I-10 Investment income$0
I-11 Other revenue$18,538
I-12 Total revenuePrior year $50,163$330,757
I-13 Grants and similar amounts paidPrior year $16,548$35,670
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,634$15,503
I-16a Professional fundraising feesPrior year $515$0
I-17 Other expensesPrior year $13,531$51,595
I-18 Total expensesPrior year $41,228$102,768
I-19 Revenue less expensesPrior year $8,935$227,989
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $330,757 across 5 lines filed
VIII-1e Government grants$11,899
VIII-1f All other contributions, gifts and grants$300,320
VIII-1h Total contributions, gifts and grants$312,219
VIII-8 Net income from fundraising events$18,538
VIII-12 Total revenue$330,757
Part IX · Statement of functional expenses $102,768 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $35,670$35,670
IX-7 Other salaries and wagesPrograms $14,400$14,400
IX-10 Payroll taxesPrograms $1,103$1,103
IX-11c Accounting feesPrograms $400$400
IX-12 Advertising and promotionPrograms $350$350
IX-13 Office expensesPrograms $933$933
IX-17 TravelPrograms $150$150
IX-24 Other expenses (24a–d)Programs $49,762$49,762
IX-25 Total functional expensesPrograms $102,768 · Management $0 · Fundraising $0$102,768
Part X · Balance sheet $322,423 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $94,295$322,423
X-16 Total assetsStart of year $94,295$322,423
X-25 Other liabilitiesStart of year $781$920
X-26 Total liabilitiesStart of year $781$920
X-27 Net assets without donor restrictionsStart of year $55,669$14,333
X-28 Net assets with donor restrictionsStart of year $37,845$307,170
X-32 Total net assets or fund balancesStart of year $93,514$321,503
X-33 Total liabilities and net assetsStart of year $94,295$322,423
Part XI · Reconciliation of net assets $321,503 net assets at year end
XI-1 Total revenue$330,757
XI-2 Total expenses$102,768
XI-3 Revenue less expenses$227,989
XI-4 Net assets at start of year$93,514
XI-10 Net assets at end of year$321,503

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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