Murray County Schools Foundation

Nonprofit profile at a glance

EIN
871095026
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Chatsworth, GA, USA
Phone
7066954531
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$63,963
Expenses
$69,903
Assets
$15,818

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • DR TIM WRIGHT (CHAIRMAN)
  • PHENNA PETTY (SECRETARY)
  • STEPHEN C LOUGHRIDGE (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The murray county schools foundation inc (the foundation) was formed for the sole purpose of providing supplemental financial funding support for each of the individual public schools (k-12) within the murray county board of education school district which is a public school district in the state of Georgia. All funds the foundation raises, either through a fundraising event or contributions received by donors, will go predominantly to the supplemental financial support of the respective schools with the exception of a nominal amount retained for certain small recurring operating expenses of the foundation. These funds will be given to the schools in the school district based upon a needs basis to help the schools to secure the necessary funding for, but not limited to, playground equipment, extra curricular activities and fine arts equipment.

What it reported doing in 2024

Foundation used the net funds generated from its annual spring gala to fund grants to eight public schools in the murray county school district. The total of these grants were 66,718. In additon to the funding to the eight public schools, the foundation funded the reach scholarship totaling 1,000. This scholarship is awarded to a graduating twelfth grade senior from the two high schools in the murray board of education school district. The grants and scholarship benefitted approximately 3,508 students enrolled in the murray county school district. School amount purpose woodlawn elementary 6,525 stem room pleasant valley innov 4,000 outdoor activity and learning ctr northwest elementary 1,813 3d printer chatsworth elementary 9,800 stage renovation spring place elementary 16,000 ess student playground equipment bagley middle 14,000 digital sign north murray high 9,880 huddleboxes gladden middle 4,700 trophy display case total grants 66,718 reach scholarship 1,000 total 67,718

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.9%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9.3%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 21.1% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 11.3% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 8.5% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $68K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.