2025-02-26T11:40:27-06:00 2024-06-30 580692043 MAULDIN & JENKINS LLC 307 CLINTON AVE WEST SUITE 500 HUNTSVILLE AL 35801 990 2023-07-01 581955411 THE SCHOOLS FOUNDATION INC SCHO 2565352080 PO BOX 763 HUNTSVILLE AL 35804 JEANNE GREER EXECUTIVE DIRECTOR 2566567736 2025-02-26 1 1 SHERRIE P HODGES P00064721 2565339105 2025-02-26 2023 2025-03-06 01:10:19Z JEANNE GREER PO BOX 763 HUNTSVILLE AL 35804 462327 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 19 18 5 0 0 0 589635 397171 0 0 13606 21553 0 0 603241 418724 0 0 0 0 106204 99487 0 0 44960 323326 353654 429530 453141 173711 -34417 929802 934314 2209 2887 927593 931427 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 1 107814 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. 13028 THE SCHOOLS FOUNDATION IMPLEMENTED A NEW PROGRAM - PATRONS AND PLAYERS. THS FUND EXISTS TO SUPPORT THE EXTRACURRICULAR ENDEAVORS OF ELIGIBLE STUDENTS THROUGH FINANCIAL DONATIONS FROM INDIVIDUALS, SPONSORS, AND FAMILIES. WE BELIEVE THAT NO STUDENT SHOULD BE LEFT ON THE SIDELINES BASED ON FIANCIAL NEED. THE PROGRAM SUPPORTS ACTIVITIES TO INCLUDE BUT ARE NOT LIMITED TO SCHOOL, CLUB, AND CITY LEAGUE SPORTS AS WELL AS MUSIC, DRAMA AND ART EXTRACURRICULARS. 85505 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. 153151 153151 359498 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 6 0 5 1 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X JEANNE GREER 2565352080 PO BOX 763 HUNTSVILLE AL 35804 MARY BETH WILSON PRESIDENT 4.00 X X 0 0 0 PAIGE NIX TREASURER 4.00 X X 0 0 0 TARON THORPE VICE PRESIDENT 1.00 X X 0 0 0 DREW HARTT YARBROUGH SECRETARY 4.00 X X 0 0 0 LIBBY PARKER DIRECTOR 1.00 X 0 0 0 LORI LIGHT DIRECTOR 1.00 X 0 0 0 PAT GARNER DIRECTOR 1.00 X 0 0 0 SARAH FANNING DIRECTOR 1.00 X 0 0 0 LAURA BARNARD DIRECTOR 1.00 X 0 0 0 ERIN COBB 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 DEBRA WEST DIRECTOR 1.00 X 0 0 0 TAMMY SUMMERVILLE DIRECTOR 1.00 X 0 0 0 SYDNEY MARTIN DIRECTOR 1.00 X 0 0 0 AMBER MONTGOMERY DIRECTOR 1.00 X 0 0 0 AMANDA CORDONIS DIRECTOR 1.00 X 0 0 0 MELANIE FORBES DIRECTOR 1.00 X 0 0 0 JEANNE GREER EXECUTIVE DIRECTOR 40.00 X 20417 0 0 20417 0 0 0 0 0 0 0 83750 313421 397171 13047 13047 52109 43603 8506 8506 8506 418724 0 0 21553 92415 36966 29573 25876 7072 2829 2263 1980 18238 7295 5836 5107 4064 2032 2032 1838 735 588 515 3900 1560 1248 1092 347 139 111 97 172 69 55 48 1162 465 372 325 OTHER PROGRAMS 119707 119707 PRINCIPALLY SPEAKING 95301 95301 NBCT 75800 75800 PATRONS AND PLAYERS 10375 10375 22750 8257 6605 7888 453141 359498 48683 44960 428716 294155 66158 189164 3618 3618 0 0 57701 38988 377227 412007 929802 934314 2209 2887 2209 2887 X 638180 781328 289413 150099 927593 931427 929802 934314 -34417 40344 -2093 0 X 0 1 X 1 0 X 375152 435277 440232 589635 397171 2237467 375152 435277 440232 589635 397171 2237467 937329 1300138 9637 7929 8574 8814 13047 48001 2285468 0.56890 0.59540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 377227 3 54739 18057 1905 412007 340512 15346 40419 17394 1656 377227 327824 5000 41421 32107 1626 340512 287611 12500 36988 7500 1775 327824 278990 1958 17380 7500 3217 287611 0.04854 0.95146 1 0 3618 3618 0 0 BENEFICIAL INTEREST IN A COMMUNITY FOUNDATION 412007 F 412007 PAYROLL TAX LIABILITIES 2887 2887 456976 40344 40344 416632 2092 2092 418724 453142 0 453142 0 453142 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 PATRONS AND PLAYERS - THE PATRONS AND PLAYERS FUND EXISTS TO SUPPORT THE EXTRACURRICULAR ENDEAVORS OF ELIGIBLE STUDENTS THROUGH FINANCIAL DONATIONS FROM INDIVIDUALS, SPONSORS, AND FAMILIES. WE BELIEVE THAT NO STUDENT SHOULD BE LEFT ON THE SIDELINES BASED ON FINANCIAL NEED. THE PROGRAM SUPPORTS ACTIVITIES TO INCLUDE BUT ARE NOT LIMITED TO SCHOOL, CLUB, AND CITY LEAGUE SPORTS AS WELL AS MUSIC, DRAMA, AND ART EXTRACURRICULARS. FORM 990, PART III, LINE 3 THE GREEN POWER PROGRAM WAS INACTIVE FOR THIS FISCAL YEAR. 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.