Forney Isd Education Leadership Foundation Inc
- Assets
- $761.8k
- Revenue
- $281.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Forney, TX
- Founding
- 03/2005
- Data as of
- 06/2021
- EIN
- 30-0268757
Organization Overview
Forney Isd Education Leadership Foundation Inc is located in Forney, TX. The organization was established in 2005. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forney Isd Education Leadership Foundation Inc 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, Forney Isd Education Leadership Foundation Inc generated $281.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $141.5k during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FORNEY ISD EDUCATION LEADERSHIP FOUNDATION'S PURPOSE IS TO ENABLE AND EMPOWER TEACHING AND LEARNING THROUGHOUT FORNEY INDEPENDENT SCHOOL DISTRICT (FISD). THE TOOLS USED TO FULFILL THIS PURPOSE INCLUDE THE DUAL CREDIT ADVANTAGE PLUS PROGRAM AND INNOVATIVE TEACHING GRANTS.ORIGINALLY THE ORGANIZATION SET OUT TO AWARD A $500 COLLEGE SCHOLARSHIP TO EACH QUALIFYING FISD GRADUATE. THIS PROGRAM WAS IN PLACE FROM 2004-2017 AND WILL FINISH PAYING OUT THE LAST SCHOLARSHIPS IN 2022. IN ORDER TO AFFECT THE LIVES OF MORE STUDENTS IN THE DISTRICT, IN 2008, THE FOUNDATION LAUNCHED THE EDUCATIONAL GRANT PROGRAM FOR FISD TEACHERS, ADMINISTRATORS AND STAFF TO RECOGNIZE AND SUPPORT INNOVATIVE INSTRUCTIONAL PROGRAMS AND INITIATIVES THAT POSITIVELY IMPACT THE STUDENTS OF THE SCHOOL DISTRICT. IN 2017, THE FOUNDATION PARTNERED WITH FORNEY ISD AND DALLAS COUNTY COMMUNITY COLLEGE DISTRICT (DCCCD) TO ASSISTS STUDENTS IN PAYING THE FEES FOR ENROLLING IN A DUAL-CREDIT (HIGH SCHOOL AND COLLEGE CREDIT) INITIATIV
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FUNDED EACH STUDENT THEIR SHARE OF SCHOLARSHIP FUNDS THAT HAD GRADUATED FROM FORNEY HIGH SCHOOLS, MET THE REQUIREMENTS, AND REQUESTED THE SCHOLARSHIP.IN ADDITION, MONIES WERE AWARDED TO CERTAIN TEACHERS WHO REQUESTED FUNDS FOR INNOVATIVE INSTRUCTIONAL PROGRAMS AND INITIATIVES WHICH POSITIVELY IMPACTED THE STUDENTS AND FISD.LASTLY, THE ORGANIZATION PROVIDED FINANCIAL ASSISTANCE FOR STUDENTS' CTE/AP AND TSI TEST FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Keierleber Executive Dir. | Officer | 20 | $30,426 |
Kyle Allis Treasurer | OfficerTrustee | 1 | $0 |
Trent Brown Vice President | OfficerTrustee | 1 | $0 |
Lisa Gallagher President | OfficerTrustee | 1 | $0 |
Billie Kasper Secretary | OfficerTrustee | 1 | $0 |
George Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,944 |
| Investment income | $45,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,844 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,466 |
| Office expenses | $2,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $743 |
| All other expenses | $0 |
| Total functional expenses | $141,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,770 |
| Savings and temporary cash investments | $665,036 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $761,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $761,806 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Forney Isd Education Leadership Foundation Inc has recieved totaling $40,354.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $30,239 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR CONTINUING THE GREAT WORK OF THE FORNEY ISD EDUCATION FOUNDATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |