2025-11-17T11:25:16+00:00 2025-06-30 580692043 Mauldin & Jenkins LLC 307 Clinton Avenue West Suite 500 Huntsville AL 35801 990 2024-07-01 581955411 THE SCHOOLS FOUNDATION INC SCHO 2565352080 PO BOX 763 HUNTSVILLE AL 35804 Jeanne Greer Executive Director 2565352080 2025-11-17 true true Bridget A Bush P00234609 2565339105 2025-11-13 2024 2025-03-06 01:10:19Z JEANNE GREER PO BOX 763 HUNTSVILLE AL 35804 714216 false X THESCHOOLSFOUNDATION.ORG X 2000 AL TO CREATE HIGHER EXPECTATIONS AND WIDESPREAD COMMUNITY SUPPORT FOR THE SCHOOLS IN MADISON COUNTY, LEADING TO WORLD-CLASS PERFORMANCE OF PRINCIPALS, TEACHERS, AND STUDENTS. 18 18 2 18 0 397171 596290 0 21553 50725 0 -16055 418724 630960 0 78065 0 0 99487 117804 0 0 38975 353654 316116 453141 511985 -34417 118975 934314 1080148 2887 3301 931427 1076847 X The Foundation serves as an education advocate and provides a central voice for strategic engagement on issues relating to education which impact our schools. We interact with local and state leaders and education stakeholders, while serving as a vehicle for individuals and businesses to support public education in Madison County. false false 171898 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. 108575 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. 49773 Early Literacy Program - The program provides teachers with high-quality reading instruction training to enable children to become confident and skilled readers. 40000 40000 Madison County School System's GEMS: This is a gifted education program for students in Madison County schools that allows them to explore subjects and concepts in-depth and work on "out of the box" ideas 38065 38065 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 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. 78065 78065 408311 true true false false false false false false false true true true false false true false true false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false false false false true 14 0 true 2 true false false false false false false false false X 18 18 false false false false false false false true true false false false true true true true false false true false false false AL X JEANNE GREER 2565352080 PO BOX 763 HUNTSVILLE AL 35804 DREW HARTT YARBROUGH SECRETARY 4.0 X X 0 0 0 MARY BETH WILSON PRESIDENT 4.0 X X 0 0 0 PAIGE NIX TREASURER 4.0 X X 0 0 0 TARON THORPE VICE PRESIDENT 4.0 X X 0 0 0 AMBER MONTGOMERY DIRECTOR 1.0 X 0 0 0 Ana Santos-Diaz Director 1.0 X 0 0 0 DEBRA WEST DIRECTOR 1.0 X 0 0 0 ERIN COBB DIRECTOR 1.0 X 0 0 0 LAURA BARNARD DIRECTOR 1.0 X 0 0 0 LIBBY PARKER DIRECTOR 1.0 X 0 0 0 LORI LIGHT DIRECTOR 1.0 X 0 0 0 MARK DEBRO DIRECTOR 1.0 X 0 0 0 MELANIE FORBES DIRECTOR 1.0 X 0 0 0 PAT GARNER DIRECTOR 1.0 X 0 0 0 SARAH FANNING DIRECTOR 1.0 X 0 0 0 SHANNON NEBLETT DIRECTOR 1.0 X 0 0 0 SYDNEY MARTIN DIRECTOR 1.0 X 0 0 0 TAMMY SUMMERVILLE DIRECTOR 1.0 X 0 0 0 JEANNE GREER EXECUTIVE DIRECTOR 40.0 X 70350 0 0 70350 0 0 0 false false false 0 0 0 51490 0 85000 459800 0 596290 0 0 0 0 0 30526 30526 0 0 74527 54328 20199 0 20199 20199 12873 51490 28928 -16055 -16055 0 0 0 0 0 630960 0 0 34670 78065 78065 0 0 0 0 0 0 70350 28140 22512 19698 0 0 39082 15633 12506 10943 0 0 0 0 8372 3349 2679 2344 0 0 0 0 16312 16312 0 0 3079 0 3079 1650 1650 0 0 0 0 7934 2868 3059 2007 8254 3302 2641 2311 0 0 4100 1640 1312 1148 0 0 0 0 619 619 0 0 0 0 0 0 1871 748 599 524 NBCT Training Program 108575 108575 Alabama State Department of Education 99002 99002 EARLY LITERACY Program 49773 49773 Elevate Our Educators Program 8313 8313 6634 6634 0 0 511985 408311 64699 38975 294155 0 189164 593110 0 0 0 0 0 0 0 0 0 3618 3618 0 0 38988 39712 412007 447326 0 0 0 0 934314 1080148 0 0 0 0 0 0 0 0 0 2887 3301 2887 3301 781328 895616 150099 181231 0 0 0 931427 1076847 934314 1080148 118975 26445 0 X false true true false X 435277 440232 589635 397171 596290 2458605 0 0 435277 440232 589635 397171 596290 2458605 1102175 1356430 7929 8574 8814 13047 30526 68890 0 0 0 0 0 0 0 2527495 0 0.53667 0.56887 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 412007 268 54610 17420 2139 447326 377227 3 54739 18057 1905 412007 340512 15346 40419 17394 1656 377227 327824 5000 41421 32107 1626 340512 287611 12500 36988 7500 1775 327824 0.0447 0.9553 0.0 true false 3618 3618 0 0 Closely-held equity interests Financial derivatives BENEFICIAL INTEREST IN A COMMUNITY FOUNDATION 447326 F 447326 Federal Income Taxes PAYROLL TAX LIABILITIES 3301 3301 683253 26444 28928 55372 627881 3079 0 3079 630960 537834 28928 28928 508906 3079 0 3079 511985 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. Schedule D, Part V, Line 4 Intended uses of endowment funds 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Fundraising Expenses - 28928 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising Expenses - 28928 Gala 64363 51490 12873 28928 0 0 64363 51490 12873 28928 28928 -16055 true Huntsvsille City Schools PO Box 1256 Huntsville AL 35807 636000813 Govt 36165 To support extracurricular endeavors of eligible students through financial donations from individuals, sponsors and families. 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 Madison County Schools 1275F Jordan Rd Bldg B Hunsville AL 35811 636000974 Govt 40000 The $40,000 grant will be used to expand and strengthen STEM learning opportunities for middle school students across Huntsville City and Madison City Schools. Funding will provide hands-on equipment, instructional resources, and program support designed to build a strong foundation in science, technology, engineering, and math as students transition to high school. 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Within 60 days of receiving the funds, the district liaison will submit a Fund Utilization Report to TSF that includes: * Total funds received and distributed * Confirmation that all funds were credited appropriately * Any remaining or unclaimed funds (and reason) Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 40,000 including grants of $ 40,000) Madison County School System's GEMS: This is a gifted education program for students in Madison County schools that allows them to explore subjects and concepts in-depth and work on "out of the box" ideas Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 38,065 including grants of $ 38,065) 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 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. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official 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, Line 19 Required documents available to the public ALL APPLICABLE DOCUMENTS ARE MAINTAINED BY THE EXECUTIVE DIRECTOR AT THE BUSINESS OFFICE. THESE ARE AVAILABLE UPON REQUEST.