McEachern Endowment Fund INC FY2022 filing

Tax-deductible

Powder Springs, GA501(c)(3)Since 1992EIN 58-1895449Revenue $6.8M in FY2022

On file with the IRS2400 Macland Road, 30127-0000 · Powder Springs, GATax-exempt since Jun 1990Supporting organization — 509(a)(3)

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Support of McEachern high school

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$364K 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

FY2022 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$364K
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
4 mo
of spending, in cash
Looks good: 3.5 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
$6.8M
+26% vs prior year
Spent
$3.5M
To programs
86%
Net assets
$14.0M
By yearFY2020–FY2025
Revenue
$6.8M
FY2022▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.5M
FY2021$5.4M
FY2022$6.8M
FY2023$7.4M
FY2024$6.9M
FY2025$7.5M
Expenses
$3.5M
FY2022▲ +71%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$2.1M
FY2022$3.5M
FY2023$3.8M
FY2024$5.0M
FY2025$2.9M
Net assets
$14.0M
FY2022▲ +5%
Tap a bar for its year
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 FY2022 Form 990 (year ending May 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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

86 cents of each dollar spent went to programs.

Program services 86% · $3.1M Management & general 14% · $491K

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

7 people listed on the 990; $364K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Endowment Director
$146,875Pt VII · Sec A
$50,000Pt VII · Sec A
Treasurer
$50,000Pt VII · Sec A
$50,000Pt VII · Sec A
Assistant Treasurer
$50,000Pt 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$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.

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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.

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Provided by the organization

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1 program · $3.1M · in their own filed words · FY2021
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.

$3.1Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$6.8M
Ln 12
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$1.2M
Money outPt IX
$3.5M
Ln 25
Programscol B$3.1M
Managementcol C$491K
Owns and owesPt X
$14.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$14.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A7
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$1.2M
Total revenueLn 12$6.8M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$12.9M
Total assetsLn 16$14.0M
LiabilitiesLn 26$0
Net assetsLn 32$14.0M
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 FY22End FY22
Cash and savingsLn 1–2$969K$1.0M
InvestmentsLn 11–13$12.3M$12.9M
Total assetsLn 16$13.3M$14.0M
LiabilitiesLn 26$10$0
Net assetsLn 32$13.3M$14.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.7M$2.7M
Grants to domestic individualsLn 2$28K$28K
Pay of current officers, directors and key staffLn 5$364K$243K$121K
Other salaries and wagesLn 7$9K$9K
Pension plan contributionsLn 8$18K$12K$6K
Payroll taxesLn 10$28K$19K$9K
Investment management feesLn 11f$107K$107K
Office expensesLn 13$2K$2K
Information technologyLn 14$80$80
Other expenses (24a–d)Ln 24$247K$1K$246K
Total functional expensesLn 25$3.5M$3.1M$491K$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 Viewing $6.8M$3.5M$3.3M$14.0M 990 PDF
FY2021 $5.4M$2.1M$3.4M$13.3M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $6,848,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,093,252$5,640,212
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $349,231$1,208,782
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,442,483$6,848,994
I-13 Grants and similar amounts paidPrior year $1,393,590$2,774,316
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $412,789$419,445
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $273,368$355,452
I-18 Total expensesPrior year $2,079,747$3,549,213
I-19 Revenue less expensesPrior year $3,362,736$3,299,781
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,848,994 across 4 lines filed
VIII-1f All other contributions, gifts and grants$5,640,212
VIII-1h Total contributions, gifts and grants$5,640,212
VIII-3 Investment incomeExcluded from tax $1,208,782$1,208,782
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,208,782$6,848,994
Part IX · Statement of functional expenses $3,549,213 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $2,746,466$2,746,466
IX-2 Grants to domestic individualsPrograms $27,850$27,850
IX-5 Pay of current officers, directors and key staffPrograms $242,517 · Management $121,258$363,775
IX-7 Other salaries and wagesPrograms $9,197$9,197
IX-8 Pension plan contributionsPrograms $12,081 · Management $6,041$18,122
IX-10 Payroll taxesPrograms $18,901 · Management $9,450$28,351
IX-11f Investment management feesManagement $106,716$106,716
IX-13 Office expensesManagement $1,853$1,853
IX-14 Information technologyManagement $80$80
IX-24 Other expenses (24a–d)Programs $1,067 · Management $245,736$246,803
IX-25 Total functional expensesPrograms $3,058,079 · Management $491,134 · Fundraising $0$3,549,213
Part X · Balance sheet $13,981,287 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $968,511$1,041,214
X-12 Other securitiesStart of year $12,299,154$12,940,073
X-16 Total assetsStart of year $13,267,665$13,981,287
X-25 Other liabilitiesStart of year $10$0
X-26 Total liabilitiesStart of year $10$0
X-27 Net assets without donor restrictionsStart of year $13,267,655$13,981,287
X-32 Total net assets or fund balancesStart of year $13,267,655$13,981,287
X-33 Total liabilities and net assetsStart of year $13,267,665$13,981,287
Part XI · Reconciliation of net assets $13,981,287 net assets at year end
XI-1 Total revenue$6,848,994
XI-2 Total expenses$3,549,213
XI-3 Revenue less expenses$3,299,781
XI-4 Net assets at start of year$13,267,655
XI-5 Net unrealized gains (losses) on investments−$2,586,149
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,981,287

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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