2024-04-15T20:12:24-05:00 2023-05-31 630590670 Kassouf & Co PC 2101 Highland Ave S Suite 300 Birmingham AL 352054009 990 2023-05-01 631072587 Mountain Brook City Schools Foundation MOUN 2054140042 32 Vine Street Birmingham AL 35213 Kristin Ritter President 2054140042 2024-04-14 1 Kristin Ritter 999009999 0 Joel Jones P01328414 2054432500 2024-04-14 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Kristin Ritter 32 Vine Street Mountain Brook AL 35213 155064 0 X https://mbgives.org/ X 1992 AL The mission of the Foundation is to mobilize community support and resources for the academic improvement of the school system. Funds raised become part of a permanent endowment. 36 36 1 40 0 0 775136 17941 0 0 -14736 -18332 0 0 760400 -391 550465 0 0 0 93242 8618 0 0 0 148819 20496 792526 29114 -32126 -29505 11072958 11062820 549440 549440 10523518 10513380 The mission of the Foundation is to mobilize community support and resources for the academic improvement of the Mountain Brook City School System through technological improvement, library enhancement, and professional development. 0 0 Grant from Foundation was for professional development and training of staff at various schools in Mountain Brook School System. Grant from Foundation was for technological upgrades to support use of instructional materials as well as a general grant related to Covid-19 relief. Grant from the Foundation was for secondary math education at the Mountain Brook Junior High school level. 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Rachel Weingartner 2054140042 32 Vine Street Mountain Brook AL 35213 Key R Hudson Past President 1.00 X X 0 0 0 Kristin Ritter President 5.00 X X 0 0 0 Morgan Cook Development Chair 1.50 X X 0 0 0 Hunter Craig Investment Chair 1.50 X X 0 0 0 Britt A Redden Programs and Needs Chair 1.00 X X 0 0 0 Glen Estess Jr General Counsel 1.00 X X 0 0 0 Lee Alice Estes Treasurer 1.50 X 0 0 0 Greg Butrus Board Member 0.25 X 0 0 0 Will Davis Board Member 0.10 X 0 0 0 Cheryl A Collat Board Member 0.10 X 0 0 0 Faith Couvillon Board Member 0.10 X 0 0 0 Katie Bee Marshal Board Member 0.25 X 0 0 0 Krisalyn Crye Board Member 0.10 X 0 0 0 Ensley Darnall Board Member 0.10 X 0 0 0 Thames Schoenvogel Board Member 0.25 X 0 0 0 Davis Goodson Board Member 0.10 X 0 0 0 Joanna Hufham Board Member 0.10 X 0 0 0 Diane Waud Board Member 0.25 X 0 0 0 Eric Kelly Board Member 0.10 X 0 0 0 Jeff Lloyd Board Member 0.10 X 0 0 0 David E Malone Board Member 1.50 X 0 0 0 John Miller Board Member 0.10 X 0 0 0 Wally Nall III Board Member 0.50 X 0 0 0 George C Pelekis Board Member 0.25 X 0 0 0 Bragan Petrey Board Member 0.25 X 0 0 0 Billy Pritchard Board Member 0.50 X 0 0 0 Bill Rodrigues Board Member 0.25 X 0 0 0 Barry A Staples Board Member 0.25 X 0 0 0 Craig Stephens Board Member 0.10 X 0 0 0 Dan Thomasson Board Member 0.25 X 0 0 0 Bennett White Vice President 1.00 X X 0 0 0 Rachel Weingartner Secretary and Employee 40.00 X X 6228 0 0 Tara Davis Board Member 0.10 X 0 0 0 Rhonda Hennessy Board Member 0.25 X 0 0 0 Hallett Johnson Board Member 0.10 X 0 0 0 Andy Robison Board Member 0.10 X 0 0 0 Justin Weintraub Board Member 0.10 X 0 0 0 6228 0 0 0 0 0 0 0 3000 14941 17941 10719 10719 126404 155455 -29051 -29051 -29051 0 3000 0 0 -391 0 0 -18332 6324 6324 2294 2294 15396 15396 376 376 1922 1922 27 27 Relations and developme 1243 1243 Taxes and licenses 588 588 Track Meet 268 268 Miscellaneous 205 205 471 471 29114 0 29114 0 582 37649 320291 272394 62547 62547 3928 3521 890 890 0 0 10657086 10658185 28524 28524 11072958 11062820 549440 549440 549440 549440 X 8959960 8941360 1563558 1572020 10523518 10513380 11072958 11062820 -29505 19367 0 X X 0 0 0 X 543272 515953 682883 775136 17941 2535185 543272 515953 682883 775136 17941 2535185 2535185 215897 206246 145169 184236 10718 762266 3297451 0.76880 0.75600 X 1563559 8461 1572020 1532581 32003 1025 1563559 1602962 -70381 1532581 1228264 375898 1200 1602962 1340815 -111351 1200 1228264 0.04090 0.95910 0 0 890 890 0 0 Part V, Line 4: The current year balance of endowment funds consists of 2 endowed funds. One of the funds is the Margaret Spencer Ragland award, an annual award for the most outstanding educator in the Mountain Brook City School System. The other fund is restricted for the benefit of the math departments at the middle and high school levels of the school system. Form 990, Part VI, Section B, line 11b Before the 990 is filed, an electronic copy of the entire 990 is provided to each board member. Each board member reviews the entire 990 and provides questions to the Exectuive Director who then communicates these questions to the Organzization's Form 990 preparer. Once all questions are answered, the board members electronically approve the Form 990 and it is submitted to the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Each director, principal officer, and member of a committee with governing board-delegated powers sign a Conflict of Interest statement. Form 990, Part VI, Section B, line 15 The Executive Committee of the board is responsible for making a recommendation to the full board regarding compensation. The Finance committee of the board is responsible for making a recommendation about funding of compensation. The executive committee is a permanent committee of the board. Among the responsibilities and authority of the executive committee is that relating to executive compensation. This committee is responsible for the hiring and evaluation of the principal administrator(s) of the organization. The committee reviews compensation practices and programs for principal administrators, provides leadership in this area, and upholds the tax-exempt status of the organization. The executive committee reports its determinations to the full board. The executive committee of the board reviews and approves the compensation policies and programs of principal administrators. The policy of the foundation is to provide a compensation program that reflects the relative size and type of organization of which it is a part and which will accomplish the mission of the foundation and tax-exempt purpose without causing any part of the net earnings of the foundation to inure to the private benefit of an individual or group of individuals. The committee will accomplish this policy in the following manner: Determine the relevant market data for the principal administrator position it reviews by obtaining reliable and comparable data. Develop a target base pay range built off the median of the market data. Set base salary by considering both market data and the background experience, skills, and meritorious contribution of each individual. Set salary increase reassessments based on external equity, internal equity, and/or merit. Form 990, Part VI, Section C, line 19 Upon request. Form 990, Part XII, Line 2c: This process has not changed.