Nonprofit · EIN 58-1955411
THE SCHOOLS FOUNDATION INC
Tax-exempt · HUNTSVILLE, AL 35801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $630,960 | $511,985 | $118,975 | $1,080,148 | $3,301 | $1,076,847 |
| June 30, 2024 | 990 | $418,724 | $453,141 | -$34,417 | $934,314 | $2,887 | $931,427 |
| June 30, 2023 | 990 | $603,241 | $429,530 | $173,711 | $929,802 | $2,209 | $927,593 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $596,290
- of which government grants
- $85,000
- Program service revenue
- $0
- Investment income
- $50,725
- Net gain from sales of assets
- $20,199
- Net income from fundraising events
- -$16,055
- Other revenue
- -$16,055
Expenses
- Grants and similar amounts paid
- $78,065
- Compensation of officers, directors and key employees
- $70,350
- Other salaries and wages
- $39,082
- Salaries, compensation and benefits (total)
- $117,804
- Professional fundraising fees
- $0
- Accounting fees
- $16,312
- Occupancy
- $4,100
- Program services (functional)
- $408,311
- Management and general (functional)
- $64,699
- Fundraising (functional)
- $38,975
Balance sheet and other
- Total assets, start of year
- $934,314
- Total assets, end of year
- $1,080,148
- Total liabilities, end of year
- $3,301
- Net assets, end of year
- $1,076,847
- Publicly traded securities
- $39,712
- Net assets without donor restrictions
- $895,616
- Net assets with donor restrictions
- $181,231
- Gross receipts
- $714,216
- Employees
- 2
- Volunteers
- 18
- Year formed
- 2000
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANNE GREER | EXECUTIVE DIRECTOR Officer | 40 | $70,350 |
| DREW HARTT YARBROUGH | SECRETARY Trustee or director, Officer | 4 | $0 |
| MARY BETH WILSON | PRESIDENT Trustee or director, Officer | 4 | $0 |
| PAIGE NIX | TREASURER Trustee or director, Officer | 4 | $0 |
| TARON THORPE | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| AMBER MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 |
| Ana Santos-Diaz | Director Trustee or director | 1 | $0 |
| DEBRA WEST | DIRECTOR Trustee or director | 1 | $0 |
| ERIN COBB | DIRECTOR Trustee or director | 1 | $0 |
| LAURA BARNARD | DIRECTOR Trustee or director | 1 | $0 |
| LIBBY PARKER | DIRECTOR Trustee or director | 1 | $0 |
| LORI LIGHT | DIRECTOR Trustee or director | 1 | $0 |
| MARK DEBRO | DIRECTOR Trustee or director | 1 | $0 |
| MELANIE FORBES | DIRECTOR Trustee or director | 1 | $0 |
| PAT GARNER | DIRECTOR Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH FANNING | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON NEBLETT | DIRECTOR Trustee or director | 1 | $0 |
| SYDNEY MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| TAMMY SUMMERVILLE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANNE GREER | EXECUTIVE DIRECTOR Officer | 40 | $20,417 |
| MARY BETH WILSON | PRESIDENT Trustee or director, Officer | 4 | $0 |
| PAIGE NIX | TREASURER Trustee or director, Officer | 4 | $0 |
| TARON THORPE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DREW HARTT YARBROUGH | SECRETARY Trustee or director, Officer | 4 | $0 |
| LIBBY PARKER | DIRECTOR Trustee or director | 1 | $0 |
| LORI LIGHT | DIRECTOR Trustee or director | 1 | $0 |
| PAT GARNER | DIRECTOR Trustee or director | 1 | $0 |
| SARAH FANNING | DIRECTOR Trustee or director | 1 | $0 |
| LAURA BARNARD | DIRECTOR Trustee or director | 1 | $0 |
| ERIN COBB | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON NEBLETT | DIRECTOR Trustee or director | 1 | $0 |
| MARK DEBRO | DIRECTOR Trustee or director | 1 | $0 |
| DEBRA WEST | DIRECTOR Trustee or director | 1 | $0 |
| TAMMY SUMMERVILLE | DIRECTOR Trustee or director | 1 | $0 |
| SYDNEY MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| AMBER MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA CORDONIS | DIRECTOR Trustee or director | 1 | $0 |
| MELANIE FORBES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE M KELLEY | EXECUTIVE DIRECTOR Officer | 40 | $71,452 |
| BOB BERINATO | PRESIDENT Trustee or director, Officer | 4 | $0 |
| MARY BETH WILSON | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| DREW HARTT YARBROUGH | SECRETARY Trustee or director, Officer | 4 | $0 |
| PAIGE NIX | TREASURER Trustee or director, Officer | 4 | $0 |
| PAT GARNER | DIRECTOR Trustee or director | 1 | $0 |
| SARAH FANNING | DIRECTOR Trustee or director | 1 | $0 |
| LT GEN WILLIE WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| BEKAH SCHMIDT | DIRECTOR Trustee or director | 1 | $0 |
| TARON THORPE | DIRECTOR Trustee or director | 1 | $0 |
| LAURA BARNARD | DIRECTOR Trustee or director | 1 | $0 |
| LORI LIGHT | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS WOOTEN | DIRECTOR Trustee or director | 1 | $0 |
| MELANIE FORBES | DIRECTOR Trustee or director | 1 | $0 |
| KRISTINA MINYARD | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON NEBLETT | DIRECTOR Trustee or director | 1 | $0 |
| MARK DEBRO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 225 CHURCH ST NW, HUNTSVILLE, AL 35801-5542
- In care of
- % DONNA SAVAGE
- Principal officer (990 for 2024)
- JEANNE GREER, PO BOX 763, HUNTSVILLE, AL 35804
- Signed the 990
- Jeanne Greer, Executive Director
- Phone
- (256) 535-2080
- Website
- THESCHOOLSFOUNDATION.ORG
- Return prepared by
- Mauldin & Jenkins LLC
Mission
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.
Program accomplishments
- 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.Expenses $171,898
- 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.Expenses $108,575
- Early Literacy Program - The program provides teachers with high-quality reading instruction training to enable children to become confident and skilled readers.Expenses $49,773
- 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" ideasExpenses $40,000 · grants $40,000
- 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.Expenses $38,065 · grants $38,065
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1955411
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $1,080,148
- Income (IRS master file)
- $714,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $630,960 | $511,985 | $1,080,148 | XML |
| 990 | June 2024 | $418,724 | $453,141 | $934,314 | XML |
| 990 | June 2023 | $603,241 | $429,530 | $929,802 | XML |
| 990 | June 2022 | $475,213 | $455,443 | $713,585 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1955411).
Questions about THE SCHOOLS FOUNDATION INC
- What is the EIN of THE SCHOOLS FOUNDATION INC?
- The employer identification number (EIN) of THE SCHOOLS FOUNDATION INC is 58-1955411.
- Is THE SCHOOLS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to THE SCHOOLS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SCHOOLS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE SCHOOLS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE SCHOOLS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE SCHOOLS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JEANNE GREER.
- Who are the officers and directors of THE SCHOOLS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 19 people; 1 received compensation from the organization, the highest $70,350 (JEANNE GREER, EXECUTIVE DIRECTOR).
- How much revenue does THE SCHOOLS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $630,960, expenses of $511,985 and total assets of $1,080,148 at year end.
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