Mountain Education Foundation, Inc.
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Mountain Education Foundation, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Mountain Education Foundation (MEF) engages and unites the community to mobilize resources and support for strategic investment in educational excellence at Signal Mountain public schools. MEF is the private fundraising arm to support our community’s aim for educational excellence beyond what public funding provides.
Year, State Incorporated:
1991, TN
The Mountain Education Foundation (MEF) was formed to provide ongoing financial support to achieve and maintain excellence in the Signal Mountain public schools, including Nolan Elementary, Thrasher Elementary, and Signal Mountain Middle/High School.
Since 1991 MEF has provided more than $6.5 million in funding to enhance learning in the classroom in an effort to achieve educational excellence beyond what public funding provides. MEF brings parents, community leaders, citizens and local businesses together for an organized and united fundraising effort while connecting with principals and educators to identify the essential needs for each of the three schools and 2500 students it serves.
For the year ended June 30, 2022, Mountain Education Foundation, Inc.'s program expenses were:
| Education | $418,999 |
| Total Program Expenses | $418,999 |
Chief Executive
Hilarie Robison, Executive Director
Compensation*
$105,973
Chair of the Board
Cara Hennings, Board Chairperson
Chair's Profession / Business Affiliation
Board Size
22
Paid Staff Size
1
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Internet
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Mountain Education Foundation, Inc.'s audited financial statements for the year ended June 30, 2022.
Source of Funds
| Contributions and Grants | $602,178 |
| Fundraising | $126,959 |
| Program Income | $22,852 |
| Employee Retention Tax Credit | $19,156 |
| Investment Return | $-271,351 |
| Total Income | $499,794 |
Programs: 83% Fundraising: 9% Administrative: 8%
| Total Income | $499,794 |
| Total expenses: | $504,234 |
| Program expenses | $418,999 |
| Fundraising expenses | $43,762 |
| Administrative expenses | $41,473 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-4,440 |
| Beginning Net Assets | $2,765,636 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $2,761,196 |
| Total Liabilities | $32,970 |
| Total Assets | $2,794,166 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Serving Southeast Tennessee & Northwest Georgia