McEachern Endowment Fund INC FY2021 filing

Powder Springs, GA · Supporting organization · Since 1992

✓ Tax-deductible
Revenue
$5.4M
+22% vs prior year
Spent
$2.1M
To programs
81%
Net assets
$13.3M
By yearFY2020–FY2025
Revenue
$5.4M
FY2021▲ +22%
Revenue by fiscal year
FY2020$4.5M
FY2021$5.4M
FY2022$6.8M
FY2023$7.4M
FY2024$6.9M
FY2025$7.5M
Expenses
$2.1M
FY2021▼ -37%
Expenses by fiscal year
FY2020$3.3M
FY2021$2.1M
FY2022$3.5M
FY2023$3.8M
FY2024$5.0M
FY2025$2.9M
Net assets
$13.3M
FY2021▲ +59%
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 FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CMcEachern Endowment Fund INC
EINHdr · item D58-1895449
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1990
Year of formationHdr · item L1992
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPowder Springs, GA
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$1.7M
Management & general19%$392K
Total functional expensesLn 25$2.1M

Financial health

Is it on solid ground?

Net inflow
+62%
revenue over expenses, this year
Pass-through gifts
94%
of revenue from contributions
Program spending
81%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$13.3M
FY2021▲ +59%
Total assets by fiscal year
FY2020$8.4M
FY2021$13.3M
FY2022$14.0M
FY2023$17.6M
FY2024$22.5M
FY2025$27.1M
Total liabilities
$10
FY2021
Total liabilities by fiscal year
FY2020$0
FY2021$10
FY2022$0
FY2023$0
FY2024$1K
FY2025$0
Revenue less expensesPt I · Ln 19$3.4M
Total assetsPt X · Ln 16$13.3M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$969K
Total assetsLn 16$13.3M
Total liabilitiesLn 26$10
Total net assetsLn 32$13.3M
Months of cash on handcomputed5.6

Statement of Revenue

Part VIII
Contributions & grants$5.1M · 94%
Investment income$349K · 6%
Contributions & grants94%$5.1M
Investment income6%$349K
Total revenueLn 12$5.4M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13.3M · Operating expenses/yr $2.1M
76.6 months
Where the money goes
Program services
Program services $1.7M · Total expenses $2.1M
81%
Management & General
Management & general $392K · Total expenses $2.1M
19%
Fundraising
Fundraising $0 · Total expenses $2.1M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $4.7M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5.1M · Total revenue $5.4M
94%
Government reliance
Government grants — · Total revenue $5.4M
—
Earned-income share
Program service revenue $0 · Total revenue $5.4M
0%
Investment reliance
Investment income $349K · Total revenue $5.4M
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.1M
0%
Growth & trend
Revenue growth (YoY)
This year $5.4M · Prior year $4.5M
+22%
Net-asset trend (YoY)
End of year $13.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.4M · Expenses $2.1M
+62%
Liabilities-to-Assets
Total liabilities — · Total assets $13.3M
—
Net-asset ratio
Net assets $13.3M · Total assets $13.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $12.3M · Total assets (Pt X, ln 16) $13.3M
93%
People & payroll
Highest Reported Total Compensation
Individual Terry Johnson · Reported title ENDOWMENT DIRECTOR · Highest reported compensation $132K · Total expenses $2.1M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $413K · Total expenses $2.1M
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 19%——
Fundraising cost ratio 0%——
Revenue growth 22%——
Investment management fee ratio 0.5%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Endowment Director
$132,500Pt VII · Sec A
$40,000Pt VII · Sec A
Assistant Treasurer
$40,000Pt VII · Sec A
$40,000Pt VII · Sec A
$40,000Pt VII · Sec A
$9,400Pt 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————
Terry Johnson——$167,125$146,875$132,500$62,750
Beverly Postell—————$138,440
Terry Pendley$64,000$64,000————
Steve Puckett$64,000$64,000————
Kenneth Cantrell$64,000$64,000————
Patricia Still$64,000$64,000————
Terry Pendley——$61,000$50,000$40,000$27,800

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.

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports students and programs at McEachern High School.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2020.
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.

$1.7Mprogram expense

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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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $7.5M$2.9M+9% 990 PDF
FY2024 $6.9M$5.0M-6% 990 PDF
FY2023 $7.4M$3.8M+8% 990 PDF
FY2022 $6.8M$3.5M+26% 990 PDF
FY2021 Viewing $5.4M$2.1M+22% 990 PDF
FY2020 $4.5M$3.3M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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