2024-05-15T14:38:56-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 307 CLINTON AVE WEST SUITE 500 HUNTSVILLE AL 35801 990 2022-07-01 581955411 THE SCHOOLS FOUNDATION INC SCHO 2565352080 PO BOX 763 HUNTSVILLE AL 35804 JEANNE GREER EXECUTIVE DIRECTOR 2566567736 2024-05-14 1 JEANNE GREER XXX-XX-XXXX 1 MORGAN H BATES P01389349 2565339105 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEANNE GREER PO BOX 763 HUNTSVILLE AL 35804 644394 0 X HTTP://WWW.THESCHOOLSFOUNDATION.ORG X 2000 AL THE MISSION OF THE SCHOOLS FOUNDATION IS TO CREATE HIGHER EXPECTATIONS AND WIDESPREAD COMMUNITY SUPPORT FOR THE SCHOOLS IN MADISON COUNTY, LEADING TO WORLD-CLASS PERFORMANCE OF PRINCIPALS, TEACHERS, AND STUDENTS 16 16 2 0 0 0 440232 589635 0 0 34981 13606 0 0 475213 603241 0 0 0 0 95048 106204 0 0 42032 360395 323326 455443 429530 19770 173711 730635 929802 2923 2209 727712 927593 X THE MISSION OF THE SCHOOLS FOUNDATION IS TO CREATE HIGHER EXPECTATIONS AND WIDESPREAD COMMUNITY SUPPORT FOR THE SCHOOLS IN MADISON COUNTY, LEADING TO WORLD-CLASS PERFORMANCE OF PRINCIPALS, TEACHERS AND STUDENTS. 1 0 90494 PRINCIPALLY SPEAKING IS A MODEL OF PROFESSIONAL DEVELOPMENT DESIGNED TO STRENGTHEN LEADERSHIP SKILLS AND TO BUILD A SUSTAINABLE NETWORK OF PROFESSIONAL SUPPORT AMONG PRINCIPALS. THROUGH A SERIES OF MEETINGS DESIGNED TO ENHANCE LEADERSHIP SKILLS, PRINCIPALS NETWORK AND LEARN FROM EACH OTHER, FOCUSING ON PRACTICES THAT SUPPORT EFFECTIVE TEACHING AND ACADEMIC ACHIEVEMENT FOR ALL STUDENTS. THE PRINCIPALLY SPEAKING NETWORK FOCUSES ON INSTRUCTION-BASED ISSUES, LOOKING AT PROCESSES, PRACTICES AND PROTOCOLS. THE GREATER THE DETAIL AND DEPTH OF THE PEER-DISCUSSION OF ANY ISSUE, THE GREATER THE OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT AND THE GREATER THE VALUE TO THE PARTICIPANT. THE LEVEL OF ACTIVE INVOLVEMENT OF PRINCIPALS IS DETERMINED BY THE SUPPORT OF THE SUPERINTENDENT. FUNDING FROM THE STATE OF ALABAMA IS USED TO FURTHER THE REACH OF PRINCIPALLY SPEAKING NETWORK ACROSS NORTH ALABAMA. 4674 THE SCHOOLS FOUNDATION RECENTLY IMPLEMENTED THE PROGRAM RECHARGE OUR TEACHERS! RECHARGE OUR TEACHERS IS A TSF PROGRAM WHICH INCLUDES HIGH QUALITY TEACHER TRAINING FOR NEW TEW TEACHERS AS WELL AS ONLINE RECHARGE RESOURCES FOR ALL TEACHERS WHICH PROVIDES HANDS-ON CONTENT FOR TEACHERS AND STAFF THAT FOCUSES ON MENTAL HEALTH AND OVERALL WELLNESS. THE IN-PERSON TRAINING AND THE RECHARGE RESOURCES ARE TAILORED TO THE NEEDS OF TODAY'S EDUCATORS, PROVIDING ENGAGING TRAINING ON EDUCATIONAL TOPICS SUCH AS: PARENT COMMUNICATION, CLASSROOM MANAGEMENT, EFFECTIVE LESSON PLANNING, STUDENT ENGAGEMENT AND MENTAL HEALTH STRATEGIES THAT WILL HELP EDUCATORS NAVIGATE LIFE'S CHALLENGES. THROUGHOUT THE YEAR, RECHARGE WILL HAVE DIFFERENT PROGRAMS AND EVENTS THAT ENGAGE TEACHERS BEYOND THE CLASSROOM. 99127 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. THE INITIATIVE IS A PARTNERSHIP OF THE CREATIVE CITIES FUND, THE PHILANTHROPIC ARM OF THE HUNTSVILLE COMMITTEE OF 100, AND THE SCHOOLS FOUNDATION. THE $1 MILLION GOAL WILL FUND 500 NEW NBCTS IN FIVE YEARS ACROSS THE THREE SCHOOL SYSTEMS IN MADISON COUNTY. 144332 RESTRICTED CONTRIBUTION DISBURSEMENTS - FROM TIME TO TIME, INDIVIDUAL DONATIONS ARE RECEIVED FOR SPECIFIC SCHOOLS AND FUNCTIONS SUCH AS FIELD TRIPS. THESE FUNDS ARE DISBURSED AS REQUESTED BY THE DONORS. GREENPOWER USA IS A STEM BASED INITIATIVE THAT ENGAGES STUDENTS BY UTILIZING AND STRENGTHENING THE STUDENTS' SKILL SETS TO DESIGN, BUILD, AND RACE AN ELECTRIC CAR. 144332 338627 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 2 1 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 1 0 0 X JEANNE GREER 2565352080 PO BOX 763 HUNTSVILLE AL 35804 BOB BERINATO PRESIDENT 4.00 X X 0 0 0 MARY BETH WILSON VICE PRESIDENT 4.00 X X 0 0 0 DREW HARTT YARBROUGH SECRETARY 4.00 X X 0 0 0 PAIGE NIX TREASURER 4.00 X X 0 0 0 PAT GARNER DIRECTOR 1.00 X 0 0 0 SARAH FANNING DIRECTOR 1.00 X 0 0 0 LT GEN WILLIE WILLIAMS DIRECTOR 1.00 X 0 0 0 BEKAH SCHMIDT DIRECTOR 1.00 X 0 0 0 TARON THORPE DIRECTOR 1.00 X 0 0 0 LAURA BARNARD DIRECTOR 1.00 X 0 0 0 LORI LIGHT DIRECTOR 1.00 X 0 0 0 CHRIS WOOTEN DIRECTOR 1.00 X 0 0 0 MELANIE FORBES DIRECTOR 1.00 X 0 0 0 KRISTINA MINYARD DIRECTOR 1.00 X 0 0 0 SHANNON NEBLETT DIRECTOR 1.00 X 0 0 0 MARK DEBRO DIRECTOR 1.00 X 0 0 0 STEPHANIE M KELLEY EXECUTIVE DIRECTOR 40.00 X 71452 0 0 71452 0 0 0 0 0 0 0 78750 510885 589635 8814 8814 45945 41153 4792 4792 4792 603241 0 0 13606 X 98659 39464 30584 28611 7545 3018 2339 2188 10083 4033 3126 2924 5179 2589 2590 1531 612 475 444 3900 1560 1209 1131 402 402 1129 452 350 327 OTHER PROGRAMS 123931 123931 NBCT 82406 82406 PRINCIPALLY SPEAKING 74900 74900 COMPUTER SOFTWARE 4653 4653 15212 8251 3546 3415 429530 338627 48871 42032 263279 428716 90844 66158 3618 3618 0 0 36000 57701 340512 377227 730635 929802 2923 2209 2923 2209 X 593822 638180 133890 289413 727712 927593 730635 929802 173711 28372 -2202 0 X X 0 1 X 1 0 X 735374 375152 435277 440232 589635 2575670 735374 375152 435277 440232 589635 2575670 1015220 1560450 10415 9637 7929 8574 8814 45369 2621039 0.59540 0.59980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 340512 15346 40419 17394 1656 377227 327824 5000 41421 32107 1626 340512 287611 12500 36988 7500 1775 327824 278990 1958 17380 7500 3217 287611 268394 6850 14400 7500 3154 278990 0.05300 0.94700 1 0 3618 3618 0 0 BENEFICIAL INTEREST IN A COMMUNITY FOUNDATION 377227 F 377227 PAYROLL TAX LIABILITIES 2209 2209 629410 28372 28372 601038 2203 2203 603241 429530 0 429530 0 429530 PART V, LINE 4: THE SCHOOLS FOUNDATION ENDOWMENT FUND IS A PERMANENT SOURCE OF CAPITAL THAT WILL PROVIDE A FOUNDATION FOR FINANCIAL SUPPORT FOR THE HUNTSVILLE, MADISON CITY AND MADISON COUNTY SCHOOL DISTRICTS. THE ENDOWMENT WILL GROW TO BE AN ONGOING SOURCE OF SUSTAINED, LONG TERM FUNDING FOR STUDENTS OF TODAY AND TOMORROW. THROUGH THIS FUND, WE STRENGTHEN OUR PROMISE TO THE COMMUNITY AND SCHOOL DISTRICTS BY SUPPORTING THEIR WORK PREPARING OVER 50,000 STUDENTS FOR THE WORLD AHEAD. THE ENDOWMENT DISTRIBUTIONS WILL ENABLE THE DISTRICTS TO OPERATE CREATIVELY AND PROVIDE UNIQUE OPPORTUNITIES FOR OUR STUDENTS. FORM 990, PAGE 12, PART XII, LINE 2B NOTE 6- TAX RELATED UNCERTAINTIES FOUNDATION HAS ADOPTED THE PROVISIONS OF ASC TOPIC 740 - 10 (FASB INTERPRETATION 48), "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." THE STANDARD PROVIDES CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. EXAMPLES OF UNCERTAINTIES UNDER THE STANDARD ARE: I) TAX EXEMPT STATUS, 2) DISALLOWANCE OR REDETERMINATION OF VARIOUS POSITIONS RELATED TO SOURCES OFUMELATED BUSINESS TAXABLE INCOME (UBIT), 3) PENALTIES FOR FAILURE TO PROVIDE REQUIRED DISCLOSURE REGARDING QUID PRO QUO CONTRIBUTIONS OVER $75. THERE ARE NO UMECOGNIZED TAX BENEFITS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS OR POSITIONS TAKEN IN THE TAX RETURNS THAT ARE BELIEVED TO BE UNCERTAIN. TAX YEARS (PERIODS) OPEN TO EXAMINATION BY THE TAXING AUTHORITIES ARE THE YEARS ENDED JUNE 30, 2023, 2022 AND 2021. FORM 990, PART III, LINE 2 THE SCHOOLS FOUNDATION RECENTLY IMPLEMENTED THE PROGRAM RECHARGE OUR TEACHERS! RECHARGE OUR TEACHERS IS A TSF PROGRAM WHICH INCLUDES HIGH QUALITY TEACHER TRAINING FOR NEW TEW TEACHERS AS WELL AS ONLINE RECHARGE RESOURCES FOR ALL TEACHERS WHICH PROVIDES HANDS-ON CONTENT FOR TEACHERS AND STAFF THAT FOCUSES ON MENTAL HEALTH AND OVERALL WELLNESS. THE IN-PERSON TRAINING AND THE RECHARGE RESOURCES ARE TAILORED TO THE NEEDS OF TODAY'S EDUCATORS, PROVIDING ENGAGING TRAINING ON EDUCATIONAL TOPICS SUCH AS: PARENT COMMUNICATION, CLASSROOM MANAGEMENT, EFFECTIVE LESSON PLANNING, STUDENT ENGAGEMENT AND MENTAL HEALTH STRATEGIES THAT WILL HELP EDUCATORS NAVIGATE LIFE'S CHALLENGES. THROUGHOUT THE YEAR, RECHARGE WILL HAVE DIFFERENT PROGRAMS AND EVENTS THAT ENGAGE TEACHERS BEYOND THE CLASSROOM. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS GIVEN TO THE EXECUTIVE DIRECTOR TO SEND ELECTRONIC COPIES TO BOARD MEMBERS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL BOARD MEMBERS IN JANUARY OF EACH YEAR. EACH BOARD MEMBER IS REQUIRED TO COMPLETE AND SUBMIT THE DISCLOSURE FORM AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE COMPLETES AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR ON THE ANNIVERSARY OF HIRING. AT THIS POINT, BASED ON PERFORMANCE, THE GROUP MAKES ANY SALARY ADJUSTMENTS AND PRESENTS THE RECOMMENDATON TO THE FULL BOARD FOR APPROVAL AND INCLUSION IN THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 ALL APPLICABLE DOCUMENTS ARE MAINTAINED BY THE EXECUTIVE DIRECTOR AT THE BUSINESS OFFICE. THESE ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E COMPUTER EXPENSES: PROGRAM SERVICE EXPENSES 1,806. MANAGEMENT AND GENERAL EXPENSES 1,400. FUNDRAISING EXPENSES 1,309. TOTAL EXPENSES 4,515. RECHARGE: PROGRAM SERVICE EXPENSES 3,653. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,653. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 1,072. MANAGEMENT AND GENERAL EXPENSES 831. FUNDRAISING EXPENSES 777. TOTAL EXPENSES 2,680. PROFESSIONAL DUES: PROGRAM SERVICE EXPENSES 559. MANAGEMENT AND GENERAL EXPENSES 433. FUNDRAISING EXPENSES 405. TOTAL EXPENSES 1,397. PRINTING: PROGRAM SERVICE EXPENSES 512. MANAGEMENT AND GENERAL EXPENSES 397. FUNDRAISING EXPENSES 371. TOTAL EXPENSES 1,280. TELEPHONE: PROGRAM SERVICE EXPENSES 330. MANAGEMENT AND GENERAL EXPENSES 256. FUNDRAISING EXPENSES 239. TOTAL EXPENSES 825. WEBSITE: PROGRAM SERVICE EXPENSES 105. MANAGEMENT AND GENERAL EXPENSES 81. FUNDRAISING EXPENSES 76. TOTAL EXPENSES 262. POSTAGE: PROGRAM SERVICE EXPENSES 85. MANAGEMENT AND GENERAL EXPENSES 66. FUNDRAISING EXPENSES 62. TOTAL EXPENSES 213. BANK FEES: PROGRAM SERVICE EXPENSES 57. MANAGEMENT AND GENERAL EXPENSES 44. FUNDRAISING EXPENSES 41. TOTAL EXPENSES 142. GIFTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 135. TOTAL EXPENSES 135. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 72. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 38. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38. FORM 990, PART XII, LINE 2C THE EXECUTIVE DIRECTOR WITH THE ASSISTANCE OF THE TREASURER AND THE FINANCE COMMITTE WORK IN CONJUNCTION WITH THE CPA FIRM TO PROVIDE AUDIT INFORMATION, MONITOR THE STATUS OF THE AUDIT AND APPROVE THE AUDIT REPORT.