McEachern Endowment Fund INC FY2020 filing

Tax-deductible

Powder Springs, GA501(c)(3)Since 1992EIN 58-1895449

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Support of McEachern high school

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$326K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.0M a year · 46% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$326K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5.8M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
Spent
$3.3M
To programs
89%
Net assets
$8.4M
By yearFY2020–FY2025
Revenue
$4.5M
FY2020
Revenue by fiscal year
FY2020$4.5M
FY2021$5.4M
FY2022$6.8M
FY2023$7.4M
FY2024$6.9M
FY2025$7.5M
Expenses
$3.3M
FY2020
Expenses by fiscal year
FY2020$3.3M
FY2021$2.1M
FY2022$3.5M
FY2023$3.8M
FY2024$5.0M
FY2025$2.9M
Net assets
$8.4M
FY2020
Net assets by fiscal year
FY2020$8.4M
FY2021$13.3M
FY2022$14.0M
FY2023$17.6M
FY2024$22.5M
FY2025$27.1M

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1990.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.9M Management & general 11% · $355K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $326K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Former Endowment Director
$138,440Pt VII · Sec A
Endowment Director
$62,750Pt VII · Sec A
$27,800Pt VII · Sec A
Treasurer
$27,100Pt VII · Sec A
$27,100Pt VII · Sec A
Assistant Treasurer
$27,100Pt VII · Sec A
$8,400Pt VII · Sec A
Highschool Principal
$7,500Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Terry Johnson$169,325$169,325$167,125$146,875$132,500$62,750
Beverly Postell—————$138,440
Terry Pendley$64,000$64,000$61,000$50,000$40,000$27,800
Steve Puckett$64,000$64,000$61,000$50,000$40,000$27,100
Kenneth Cantrell$64,000$64,000$61,000$50,000$40,000$27,100
Patricia Still$64,000$64,000$61,000$50,000$40,000$27,100
Jimmy Cantrell$9,400$9,400$9,400$9,400$9,400$8,400
Regina Montgomery$7,500$7,500$7,500$7,500$7,500$7,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See McEachern Endowment Fund INC 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 15aYes

Programs and updates

Supports students and programs at McEachern High School.

Provided by the organization

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1 program · $2.9M · in their own filed words · FY2019
01

Support of McEachern High School, Powder Springs Georgia

To enable the school to purchase equipment, construct and maintain buildings, maintain grounds, buy supplies and materials for the school.

$2.9Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$5.8M
Grants paid · 12 grants · $15.1M · 2019–2024
McEachern High SchoolFY2024$1,616,161
Unitemized GrantFY2024$33,000
McEachern High SchoolFY2023$3,783,205
Unitemized GrantFY2023$27,000
McEachern High SchoolFY2022$2,934,253
Unitemized GrantFY2022$25,500
McEachern High SchoolFY2021$2,746,466
Unitemized GrantFY2021$27,850
McEachern High SchoolFY2020$1,360,056
Unitemized GrantFY2020$29,500
McEachern High SchoolFY2019$2,507,048
Unitemized GrantFY2019$20,200

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$4.3M
Investment incomeLn 3$111K
Other incomeLn 4–11$3K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.9M
Managementcol C$355K
Owns and owesPt X
$8.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$8.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A8
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Investment incomeLn 3$111K
Other incomeLn 4–11$3K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$3.2M
Cash and savings togetherLn 1–2$3.2M
InvestmentsLn 11–13$5.2M
Other assetsLn 15$7K
Total assetsLn 16$8.4M
LiabilitiesLn 26$0
Net assetsLn 32$8.4M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.6M$3.2M
InvestmentsLn 11–13$3.4M$5.2M
Total assetsLn 16$7.0M$8.4M
LiabilitiesLn 26$3$0
Net assetsLn 32$7.0M$8.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.5M$2.5M
Grants to domestic individualsLn 2$20K$20K
Pay of current officers, directors and key staffLn 5$320K$214K$107K
Other salaries and wagesLn 7$152K$152K
Pension plan contributionsLn 8$19K$13K$6K
Payroll taxesLn 10$36K$28K$8K
Investment management feesLn 11f$42K$42K
Other fees for servicesLn 11g$861$861
Office expensesLn 13$557$557
Information technologyLn 14$3K$3K
Other expenses (24a–d)Ln 24$187K$187K
Total functional expensesLn 25$3.3M$2.9M$355K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.5M$2.9M$4.6M$27.1M 990 PDF
FY2024 $6.9M$5.0M$1.9M$22.5M 990 PDF
FY2023 $7.4M$3.8M$3.6M$17.6M 990 PDF
FY2022 $6.8M$3.5M$3.3M$14.0M 990 PDF
FY2021 $5.4M$2.1M$3.4M$13.3M 990 PDF
FY2020 Viewing $4.5M$3.3M$1.2M$8.4M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $4,457,540 across 5 lines filed
VIII-1f All other contributions, gifts and grants$4,343,723
VIII-1h Total contributions, gifts and grants$4,343,723
VIII-3 Investment incomeExcluded from tax $110,517$110,517
VIII-6 Net rental income or lossRelated to mission $3,300$3,300
VIII-12 Total revenueRelated to mission $3,300 · Unrelated business $0 · Excluded from tax $110,517$4,457,540
Part IX · Statement of functional expenses $3,288,286 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $2,507,050$2,507,050
IX-2 Grants to domestic individualsPrograms $20,200$20,200
IX-5 Pay of current officers, directors and key staffPrograms $213,521 · Management $106,761$320,282
IX-7 Other salaries and wagesPrograms $151,717$151,717
IX-8 Pension plan contributionsPrograms $12,818 · Management $6,409$19,227
IX-10 Payroll taxesPrograms $27,924 · Management $8,167$36,091
IX-11f Investment management feesManagement $42,323$42,323
IX-11g Other fees for servicesManagement $861$861
IX-13 Office expensesManagement $557$557
IX-14 Information technologyManagement $3,004$3,004
IX-24 Other expenses (24a–d)Management $186,974$186,974
IX-25 Total functional expensesPrograms $2,933,230 · Management $355,056 · Fundraising $0$3,288,286
Part X · Balance sheet $8,356,149 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,558,245$3,158,813
X-12 Other securitiesStart of year $3,402,611$5,189,964
X-15 Other assetsStart of year $0$7,372
X-16 Total assetsStart of year $6,960,856$8,356,149
X-25 Other liabilitiesStart of year $3$0
X-26 Total liabilitiesStart of year $3$0
X-27 Net assets without donor restrictionsStart of year $6,960,853$8,356,149
X-32 Total net assets or fund balancesStart of year $6,960,853$8,356,149
X-33 Total liabilities and net assetsStart of year $6,960,856$8,356,149
Part XI · Reconciliation of net assets $8,356,149 net assets at year end
XI-1 Total revenue$4,457,540
XI-2 Total expenses$3,288,286
XI-3 Revenue less expenses$1,169,254
XI-4 Net assets at start of year$6,960,853
XI-5 Net unrealized gains (losses) on investments$226,042
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,356,149

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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