Cy-Fair Educational Foundation

Organization Overview

Cy-Fair Educational Foundation is located in Cypress, TX. The organization was established in 1970. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Cy-Fair Educational Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cy-Fair Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Cy-Fair Educational Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CY-FAIR EDUCATIONAL FOUNDATION EXISTS TO RAISE FUNDS TO INCREASE COLLEGE ACCESS FOR GRADUATES OF CY-FAIR ISD BY AWARDING SCHOLARSHIPS AND TO PROMOTE EXCELLENCE IN TEACHING BY PROVIDING STAFF DEVELOPMENT GRANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLEGE SCHOLARSHIPS - CY-FAIR EDUCATIONAL FOUNDATATION AWARDED COLLEGE SCHOLARSHIPS TO 141 STUDENTS. SCHOLARSHIP RECIPIENTS ARE EVALUATED BASED ON ECONOMIC NECESSITY, ACADEMIC ACHIEVEMENT, LEADERSHIP QUALITIES, AND OTHER DONOR-IMPOSED CRITERIA. THIS PROGRAMS OBJECTIVE IS TO INCREASE COLLEGE ACCESS FOR GRADUATES OF CY-FAIR ISD.


STAFF DEVELOPMENT GRANT - CY-FAIR EDUCATIONAL FOUNDATION PROVIDES A GRANT EACH YEAR TO THE CY-FAIR ISD FROM A PORTION OF THE PROCEEDS OF THE SALUTE TO THE STARS FUNDRAISING EVENT. THE GRANT TO BE USED BY THE CY-FAIR ISD TO PROMOTE EXCELLENCE IN TEACHING BY FUNDING SELECTED STAFF DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Marie Holmes
Executive Director
$107,963
Robert Adam
Officer-At-Large
$0
Adrian Dominguez
Officer-At-Large
$0
Bryan Ginsburg
Chair Elect
$0
Keith Grothaus
Treasurer
$0
Dr Mark Henry
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$60,278
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$802,377
Noncash contributions included in lines 1a–1f $149,155
Total Revenue from Contributions, Gifts, Grants & Similar$862,655
Total Program Service Revenue$0
Investment income $2,347,818
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $275,511
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,485,984

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Cy-Fair Educational Foundation has recieved totaling $94,109.

Awarding OrganizationAmount
Interlinc Family Foundation

Houston, TX

PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S PROGRAM SERVICES.

$28,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$19,572
$16,250
Methodist Hospital Group

Houston, TX

PURPOSE: PROGRAM SUPPORT

$13,500
Greater Houston Community Foundation

Houston, TX

PURPOSE: PUBLIC BENEFIT

$10,000
Cy-Fair Houston Chamber Of Commerce Inc

Houston, TX

PURPOSE: ASSISTANCE WITH EDUCATION

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,702,926
Earnings$2,258,985
Net Contributions$784,534
Other Expense$62,159
Grants$737,759
Ending Balance$14,946,527

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