Hamilton County Schools Foundation

Nonprofit profile at a glance

EIN
852766414
IRS 990 coverage
2020–2022
Forms available
Form 990 2022
Location
Chattanooga, TN, USA
Phone
4234987020
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$432,711
Expenses
$239,310
Assets
$339,953
Liabilities
$1,481

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

17 people listed

People named in this filing

  • Keith Fogleman (Chair Emeritus)
  • Greg Eaves (Director)
  • Martina Harris (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Hamilton County Schools Foundation's mission is to support educational opportunities and excellence for ALL students through the effective mobilization of resources, relationships, and innovation. Together with the community, we advocate for great public schools and help secure the resources that our students need to be successful.

What it reported doing in 2022

Support for Hamilton County Schoools - Support for Hamilton County Schools including support for scholarship awards, Teacher Heroes Banquet, Superintendent's banquet, supplies, materials, supplies, community volunteer events, teacher recharge rooms, and reimbursement for salaries and benefits.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 64% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 94
  • Accountability: 88
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.4%; rating input score 54
  • Program expense ratio: 98.4%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 44.7%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 1.42; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 1.8% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 28.3% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 54.4% of revenue deployed · 98.4% of spending went to programs
  • Governance: 17 of 17 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $236K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 41 of 41 current checks pass
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.