GRANT COUNTY SCHOOLS EDUCATION FOUNDATION

EIN: 460532874 501(c)(3) Education

WILLIAMSTOWN, KY

Total Revenue
$70,646
Total Expenses
$30,286
Total Assets
$1,058,614
Net Assets
$1,058,614
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
KY
Principal Officer
CAROLYN THOMAS THOMPSON
Phone
8598243323
Tax Period
2022-07-01 to 2023-06-30

GRANT COUNTY SCHOOLS EDUCATION FOUNDATION, founded in 2012, is a micro nonprofit in the Education sector that reported $71K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $40K, a strong 57% operating margin.

Mission

THE FOUNDATION PROVIDES FUNDING FOR SCHOLARSHIPS TO GRADUATING GRANT COUNTY SENIORS, AS WELL AS GRANT MONEY TO FINANCE EDUCATION PROJECTS SUCH AS CHARACTER EDUCATION AND MODEL CLASSROOM GRANTS IN THE GRANT COUNTY SCHOOL DISTRICT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $70,646
Other Revenue $0
TOTAL REVENUE $70,646

Expense Breakdown

Grants Paid $20,100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,100
Other Expenses $10,186
TOTAL EXPENSES $30,286

Year-over-Year Comparison

2022 2021 Change
Revenue $70,646 $82,082 -0.1%
Expenses $30,286 $23,120 +0.3%
Net Income $40,360 $58,962 -0.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$58,139
Total Directors
16
$192,913
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT MORGAN SUPERINTENDE 40.00
Director
$0 $0 $131,624
DANIELLE HALEY SECRETARY 40.00
Officer Director
$0 $0 $58,139
CHARLOTTE SCHMIDT BOARD DESIGN 4.00
Director
$0 $0 $3,150
JO ANN BRILL MEMBER 1.00
Director
$0 $0 $0
BILLIE CAHILL VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ELIZABETH CHANDLER MEMBER 0.50
Director
$0 $0 $0
JIM COLSON MEMBER 0.25
Director
$0 $0 $0
BARBARA GAYHEART MEMBER 0.50
Director
$0 $0 $0
NANCY HOWE MEMBER 4.00
Director
$0 $0 $0
RON LIVINGOOD MEMBER 0.25
Director
$0 $0 $0
JODI MULLIGAN MEMBER 1.00
Director
$0 $0 $0
JACQALYNN AMMER RILEY MEMBER 0.25
Director
$0 $0 $0
DOROTHY RYAN MEMBER 1.00
Director
$0 $0 $0
CAROLYN THOMAS THOMPSON PRESIDENT 0.50
Officer Director
$0 $0 $0
BOB TRUE MEMBER 0.25
Director
$0 $0 $0
TENA WEBSTER TREASURER 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $70,646 $30,286 $1,058,614 $40,360
2022 $82,082 $23,120 $999,258 $58,962
2021 $57,428 $27,040 $1,166,374 $30,388
2020 $53,041 $25,843 $952,729 $27,198
2019 $63,810 $25,853 $992,541 $37,957
2018 $84,239 $19,944 No data $64,295
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