Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1991.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
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
19 people listed on the 990; $70K paid to officers and key staff.
Jeanne Greer’s $70K as Executive Director is at the 62nd 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.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Stephanie M Kelley | — | — | $71,452 | $64,214 | — | — |
| Jeanne Greer | $70,350 | $20,417 | — | — | — | — |
| Elizabeth D Fleming | — | — | — | — | $65,000 | $65,000 |
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
Builds community support and raises expectations for schools to achieve world-class performance.
Questions for The Schools Foundation INC
Your first name shows with your question. The Schools Foundation INC answers here, for everyone.
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Provide support for initiatives that promote high expectations for professional leadership and financial Support for educational needs across districts with focus on cross-district collaboration. Suport includes the Elevate Our Educators Program and support of other educational programs.
Nbct
Raise your hand is a bold initiative to have the nation's highest concentration of national board certified teachers, or NBCTS, in our huntsville city, madison city, and madison county school systems. National board certification is the most respected professional certification available in k-12 education.
Early Literacy Program
The program provides teachers with high-quality reading instruction training to enable children to become confident and skilled readers.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $483K | $593K |
| InvestmentsLn 11–13 | $451K | $487K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $934K | $1.1M |
| LiabilitiesLn 26 | $3K | $3K |
| Net assetsLn 32 | $931K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $78K | $78K | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $70K | $28K | $23K | $20K |
| Pay of disqualified personsLn 6 | $0 | $0 | ||
| Other salaries and wagesLn 7 | $39K | $16K | $13K | $11K |
| Pension plan contributionsLn 8 | $0 | $0 | ||
| Other employee benefitsLn 9 | $0 | $0 | ||
| Payroll taxesLn 10 | $8K | $3K | $3K | $2K |
| Management feesLn 11a | $0 | $0 | ||
| Legal feesLn 11b | $0 | $0 | ||
| Accounting feesLn 11c | $16K | $16K | ||
| Lobbying feesLn 11d | $0 | $0 | ||
| Investment management feesLn 11f | $3K | $0 | $3K | |
| Other fees for servicesLn 11g | $2K | $2K | $0 | $0 |
| Advertising and promotionLn 12 | $0 | $0 | ||
| Office expensesLn 13 | $8K | $3K | $3K | $2K |
| Information technologyLn 14 | $8K | $3K | $3K | $2K |
| RoyaltiesLn 15 | $0 | $0 | ||
| OccupancyLn 16 | $4K | $2K | $1K | $1K |
| TravelLn 17 | $0 | $0 | ||
| Travel and entertainment for public officialsLn 18 | $0 | $0 | ||
| Conferences, conventions and meetingsLn 19 | $619 | $619 | ||
| InterestLn 20 | $0 | $0 | ||
| Payments to affiliatesLn 21 | $0 | $0 | ||
| Depreciation, depletion and amortizationLn 22 | $0 | $0 | ||
| InsuranceLn 23 | $2K | $748 | $599 | $524 |
| Other expenses (24a–d)Ln 24 | $266K | $266K | ||
| All other expensesLn 24e | $7K | $7K | $0 | $0 |
| Total functional expensesLn 25 | $512K | $408K | $65K | $39K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $631K | $512K | $119K | $1.1M | 990 PDF |
| FY2024 | $419K | $453K | −$34K | $931K | 990 PDF |
| FY2023 | $603K | $430K | $174K | $928K | 990 PDF |
| FY2022 | $475K | $455K | $20K | $711K | 990 PDF |
| FY2021 | $474K | $361K | $113K | $691K | 990 PDF |
| FY2020 | $395K | $245K | $150K | $578K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $630,960 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, 2 to look at
Part VIII · Statement of revenue $630,960 across 12 lines filed
Part IX · Statement of functional expenses $511,985 across 30 lines filed
Part X · Balance sheet $1,080,148 assets, 23 lines filed
Part XI · Reconciliation of net assets $1,076,847 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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