21ST CENTURY EDUCATIONAL FOUNDATION

EIN: 621645721 501(c)(3) Unknown

WAVERLY, TN

Total Revenue
$36,609
Total Expenses
$39,443
Total Assets
$681,326
Net Assets
$681,326
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TN
Principal Officer
MICHAEL GALLOWAY
Phone
9312094693
Tax Period
2024-07-01 to 2025-06-30

21ST CENTURY EDUCATIONAL FOUNDATION, founded in 1996, is a micro nonprofit in the Unknown sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $681K represent 223 months of operating reserves.

Mission

THE PURPOSE OF THE FOUNDATION IS TO RAISE FUNDS TO PROVIDE SCHOLARSHIPS TO QUALIFYING STUDENTS WHO ATTEND THE HUMPHREYS COUNTY LEARNING CENTER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,860
Program Service Revenue $0
Investment Income $26,749
Other Revenue $0
TOTAL REVENUE $36,609

Expense Breakdown

Grants Paid $30,204
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,204
Other Expenses $9,239
TOTAL EXPENSES $39,443

Year-over-Year Comparison

2024 2023 Change
Revenue $36,609 $62,347 -0.4%
Expenses $39,443 $26,319 +0.5%
Net Income $-2,834 $36,028 -1.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL GALLOWAY CHAIRMAN N/A
Officer Director
$0 $0 $0
EMMA SHUPE SECRETARY N/A
Officer Director
$0 $0 $0
JAMES WISER TREASURER N/A
Officer Director
$0 $0 $0
JAMES JARED DIRECTOR N/A
Director
$0 $0 $0
GEORGE MATHAI DIRECTOR N/A
Director
$0 $0 $0
RONNIE HUGHES DIRECTOR N/A
Director
$0 $0 $0
RUTH ANDERSON DIRECTOR N/A
Director
$0 $0 $0
JESSICA PEEK DIRECTOR N/A
Director
$0 $0 $0
FREDA RUSSELL DIRECTOR N/A
Director
$0 $0 $0
GREGG MARTIN DIRECTOR N/A
Director
$0 $0 $0
KEITH CARNAHAN DIRECTOR N/A
Director
$0 $0 $0
GAYLE WISER DIRECTOR N/A
Director
$0 $0 $0
DONNA FAYE PATTERSON DIRECTOR N/A
Director
$0 $0 $0
MARIA SMITH DIRECTOR N/A
Director
$0 $0 $0
ROBIN COOPER-WILBANKS DIRECTOR N/A
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
2025 $36,609 $39,443 $681,326 $-2,834
2024 $62,347 $26,319 $669,927 $36,028
2023 $15,245 $14,097 $624,148 $1,148
2022 $77,819 $15,829 $575,141 $61,990
2021 $45,309 $5,020 $640,976 $40,289
2020 $19,052 $6,201 $579,158 $12,851
2019 $20,403 $9,280 $559,233 $11,123
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