Overview
What is Schoolseed Foundation?
The Schoolseed Foundation is a nonprofit organization situated in Memphis, Tennessee. With a strong focus on public education, the foundation aims to enhance outcomes for schools, educators, students, and families. It raises private funds to bolster public education, fosters collaborations with school districts and the philanthropic community, and offers development opportunities for educators and administrators. The foundation's initiatives encompass fiscal management, teacher retention and recognition projects, school-based support programs, and publications for parents. Additionally, they provide reading tutors, supports for effective teaching, leadership training, and special projects addressing emerging needs. The ultimate goal is to boost college attendance and graduation rates, contributing to community development and social equity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Schoolseed Foundation has received an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The foundation boasts a perfect score for the majority of its board members being independent and has shown no material diversion of assets, indicating a high level of integrity in its operations.
Strengths of the organization are highlighted by its effective financial management practices, including a program expense ratio of over 70%, which suggests that a significant portion of funds is directed toward its mission. Additionally, the foundation demonstrates excellent fundraising efficiency, only spending $0.13 to raise $1, showcasing its ability to effectively generate support for its initiatives.
While the foundation has established solid governance and financial practices, the noted metrics suggest it is well-positioned to continue its impact. However, as with any organization, ongoing transparency and accountability will be essential for maintaining donor trust and support in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Schoolseed Foundation legitimate?
Schoolseed Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schoolseed Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $716,991
For more financial information, click here
What is the mission statement of Schoolseed Foundation?
The Schoolseed Foundation is an independent nonprofit organization with a mission to support public schools in enhancing student achievement and overall education quality. They achieve this by raising funds for necessary programs, coordinating community efforts, offering development opportunities for educators, and operating and supporting programs dedicated to accelerating student success. The foundation's focus is on capacity building in schools, supporting teachers and leaders, rigorous curriculum, and promoting effective practices. They aim to increase college attendance and graduation rates, contributing to educational equity and community development. Their activities include fiscal management of private resources, teacher retention and recognition projects, school-based projects, publication of a parent resource guide, reading tutor programs, and leadership training, among others.
Who is the CEO of Schoolseed Foundation?
Vincent Mccaskill is the Chairman of Schoolseed Foundation. The CEO's salary of Schoolseed Foundation is $159,316 and their total compensation is $159,316.
What is the revenue of Schoolseed Foundation?
Schoolseed Foundation's revenue in 2022 was $2,826,393.
Who are the executives of Schoolseed Foundation and what are their salaries?
The average compensation at Schoolseed Foundation during 2022 was $143,398. There are 5 employees and 6 volunteers at Schoolseed Foundation.
Here are 7 key members and their salaries (Schoolseed Foundation's CEO's salary is $159,316 and their total compensation is $159,316):
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- Compensation: $159,316
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Where can I find the form 990 for Schoolseed Foundation?
Schoolseed Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Schoolseed Foundation
The Schoolseed Foundation is an independent non-profit organization dedicated to supporting public schools in Shelby County. Their mission is multifaceted, encompassing several key areas. Primarily, they aim to raise funds for programs that federal, state, and local entities may overlook, ensuring that public education receives the necessary resources.
Beyond fundraising, the Foundation plays a pivotal role in coordinating community efforts to support public education. They offer development and training opportunities for teachers and administrators, recognizing that the success of schools is closely tied to the capabilities of their educators. Additionally, the Foundation manages programs in schools that are specifically designed to accelerate student achievement.
The Schoolseed Foundation's theory of change is centered around the idea that capacity building in schools, supporting teachers and leaders, promoting rigorous curriculum, setting targets for improvement, and fostering effective teaching practices can significantly enhance student and school achievement. In practice, this translates into a collaborative partnership with school districts and their leadership, as well as with the philanthropic and business communities. The Foundation also provides supplementary supports to students, teachers, and administrators, and tracks the progress of their projects to ensure their effectiveness.
In essence, the Schoolseed Foundation serves as a catalyst for positive change in public education, leveraging private resources to bolster public schools, empowering educators, and ultimately, improving student outcomes. Their mission is a testament to their commitment to equity, access, and community development in the realm of education.
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Impact
October, 2024
Schoolseed Foundation directly impacts public education in Shelby County by focusing on various initiatives aimed at improving student achievement and supporting educators. Through effective fiscal management and raising private resources, the foundation enhances school programs that are often underfunded by federal and state budgets.
Key areas of impact include:
- **Program Development**: By coordinating community efforts and allocating resources effectively, Schoolseed supports innovative programs tailored to the needs of students and teachers. This includes initiatives for teacher retention, recognition, and school-based projects tailored to enhance the learning environment.
- **Teacher and Administrative Support**: The foundation provides development and training opportunities for educators, which helps build capacity within schools. By investing in leadership training and supporting effective teaching practices, the foundation contributes to a more skilled and empowered workforce in education.
- **Student Support Services**: Schoolseed actively recruits, trains, and deploys reading tutors for early learners, ensuring that students from Pre-K to 3rd grade receive the foundational skills necessary for future academic success. This targeted support plays a crucial role in addressing literacy gaps and promoting ongoing educational achievement.
- **Resource Development for Parents**: By publishing a Resource Guide for Parents, Schoolseed empowers families with the information needed to support their children's education, fostering a collaborative home-school relationship.
- **Equity and Access Initiatives**: The foundation is committed to increasing college attendance and graduation rates, highlighting the importance of equitable access to educational resources and community development. This commitment not only benefits individual students but also strengthens the broader community.
Through a theory of change based on capacity building and ongoing improvement, Schoolseed Foundation continuously aligns its efforts with the needs of schools, educators, and students, making a lasting impact in Memphis and beyond.
This information is meant to be a general summary of Schoolseed Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,964
- Program Service Revenue: $104,646
- Gross Receipts: $2,826,393
Assets and Liabilities:
- Total Assets: $9,717,016
- Total Liabilities: $314,427
- Net Assets: $9,402,589
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administrative Fees
Revenue
$87,274
Organization Details
Founding Year
2009
Phone
(901) 207-1472Principal Officer
Vincent Mccaskill
Main Address
P O Box 111169, Memphis, TN, 38111
NTEE Category
Code: T30 - Philanthropy
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