The Abilene Education Foundation
- Assets
- $1.3m
- Revenue
- $378.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Abilene, TX
- Founding
- 02/2001
- Data as of
- 07/2022
- EIN
- 31-1741496
Organization Overview
The Abilene Education Foundation is located in Abilene, TX. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 07/2022, Abilene Education Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene Education 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 07/2022, Abilene Education Foundation generated $378.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $649.5k during the year ending 07/2022. While expenses have increased by 10.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ABILENE EDUCATION FOUNDATION IS A NON-PROFIT COMMUNITY ORGANIZATION CREATED TO ENHANCE AND INSPIRE EXCELLENCE IN EDUCATION FOR THE STUDENTS AND TEACHERS OF THE ABILENE INDEPENDENT SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AEF COOL PROGRAM (COLLEGE OPPORTUNITIES FOR LIFE) - THE ABILENE COOL PROGRAM BEGAN IN 2007 AND PROVIDES FOUR COUNSELORS (ADDED TWO COUNSELORS IN JULY 2012), TWO ON EACH ABILENE ISD HIGH SCHOOL CAMPUS TO IDENTIFY STUDENTS THAT NEED ASSISTANCE REGARDING THE COLLEGE APPLICATION PROCESS. IN ADDITION TO ASSISTING STUDENTS IN THE COMPLETION OF COLLEGE APPLICATIONS, THE COOL PROGRAM ORGANIZES FIELD TRIPS TO COLLEGE CAMPUSES AND HELPS STUDENTS TO FIND SCHOLARSHIPS AND FUNDS FOR COLLEGE. THEY ALSO PROVIDE EDUCATIONAL WORKSHOPS FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS ABOUT THE BENEFITS AND PATHWAYS TO COLLEGE. FOR THE YEAR ENDED JULY 31 2022 AND 2021, THE PROGRAM RECEIVED CONTRIBUTIONS OF $32,757 AND $47,534, AND INCURRED EXPENSES OF $288,612 AND $269.933 RESPECTIVELY.
AEF TEACHER GRANTS (STAR & GIFT) - THE AEF RAISES MONEY EACH YEAR TO HONOR OUTSTANDING ABILENE ISD TEACHERS WITH CLASSROOM AND INSTRUCTION GRANTS. THESE STAR (SUPPORTING TEACHERS WITH ACADEMIC RESOURCES) GRANTS ARE PROVIDED TO TEACHERS AFTER SUBMISSION OF GRANT REQUEST TO FUND SCHOOL EDUCATIONAL PROJECTS. 68 AWARDS WERE PROVIDED TO TEACHERS DURING SEPTEMBER 2021 TO FUND THE EDUCATIONAL PROJECTS OF THE SCHOOL YEAR FOR A TOTAL OF $50,629. THE JUDY DUDLEY GIFT (GIVING TO FIRST-TIME TEACHERS) GRANTS ARE AWARDED TO AISD EMPLOYEES WHO ARE TEACHING FOR THE FIRST TIME (NEW TO THE PROFESSION). GRANT FUNDS ARE FOR ADDITIONAL CLASSROOM MATERIALS TO ENHANCE THOSE PROVIDED BY THE SCHOOL DISTRICT. 21 GIFT GRANTS WERE AWARDED DURING AUGUST 2022 TOTAL OF $3,150
TEACHERS IN THE LIMELIGHT (TLC) - TLC HONORS THE DEDICATED WORK OF TEACHERS IN ABILENE ISD WITH CAMPUS RECOGNITION, A FORMAL DINNER, AND A MONETARY AWARD. A TLC TEACHER POSSESSES INTEGRITY AND A LOVE FOR TEACHING THAT SPILLS INTO THE CLASSROOM. WITH THE DONATION OF 3,000 SHARES OF EXXON MOBILE STOCK FROM MR. EDWIN JENNINGS, JR., IN 2012, A PERMANENT ENDOWMENT HELD AT COMMUNITY FOUNDATION OF ABILENE WAS ESTABLISHED TO HONOR TEACHERS MAKING A DIFFERENCE IN THE LIVES OF STUDENTS IN ABILENE ISD WITH AN "EDWIN AND AGNES JENNINGS TEACHING EXCELLENCE AWARD" IN MEMORY OF HIS PARENTS. THIS ENDOWMENT WILL ALLOW AEF TO CONTINUE THESE AWARDS YEARLY FOR GENERATIONS TO COME, AS PART OF TLC (TEACHERS IN THE LIMELIGHT CELEBRATION). MR. JENNINGS, DUE TO HIS PASSION FOR TEACHING MATH AND SCIENCE, ALSO WISHED TO HONOR A SECONDARY MATH AND A SECONDARY SCIENCE TEACHER WITH AN "EDWIN AND AGNES JENNINGS TEACHING EXCELLENCE AWARD". NOMINATIONS FOR THESE AWARDS ARE MADE BY STUDENTS, PARENTS, COLLEAGUES, AND COMMUNITY MEMBERS, AS WELL AS SCHOOL ADMINISTRATIONS. MR. JENNINGS, JR.'S PARENTS, EDWIN AND AGNES JENNINGS, WERE ACTIVE AND WELL-REGARDED MEMBERS OF THE ABILENE COMMUNITY. IN ADDITION TO CAMPUS AWARDS, MATH AND SCIENCE, FINALISTS, THERE ARE FOUR MAIN TEACHING EXCELLENCE AWARDS: OUTSTANDING ELEMENTARY TEACHER, OUTSTANDING SECONDARY TEACHERS, OUTSTANDING MATH TEACHER, AND OUTSTANDING SCIENCE TEACHER. THE AEF ESTABLISHES A COMMITTEE TO EVALUATE THE NOMINEES AND DETERMINE THE RECIPIENTS OF THE TEACHING AWARDS AND TO PLAN THE AWARDS CEREMONY. 42 AWARDS WERE PRESENTED FOR A TOTAL OF $17,400.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Gibson President | Officer | 3 | $0 |
Jessica Melson Vice-President | Officer | 3 | $0 |
Patrick Clancy Treasurer | Officer | 2 | $0 |
Callie Harris Secretary | Officer | 2 | $0 |
Emerald Cassidy Director | Trustee | 1 | $0 |
Dee Dolton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,105 |
| Total Program Service Revenue | $0 |
| Investment income | $56,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $239,145 |
| Grants and other assistance to domestic individuals. | $136,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,421 |
| Payroll taxes | $9,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $590 |
| Advertising and promotion | $240 |
| Office expenses | $9,867 |
| Information technology | $3,325 |
| Royalties | $0 |
| Occupancy | $7,459 |
| Travel | $5,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,107 |
| All other expenses | $0 |
| Total functional expenses | $649,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,004 |
| Savings and temporary cash investments | $328,738 |
| 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 | $1,361 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $733,932 |
| Total assets | $1,273,035 |
| Accounts payable and accrued expenses | $18,047 |
| 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 | $1,717 |
| Total liabilities | $19,764 |
| Net assets without donor restrictions | $143,277 |
| Net assets with donor restrictions | $1,109,994 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,273,035 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Abilene Education Foundation has recieved totaling $145,175.
| Awarding Organization | Amount |
|---|---|
Dian Graves Owen Foundation Abilene, TX PURPOSE: GENERAL SUPPORT | $117,850 |
Meta Alice Keith Bratten Foundation Fort Worth, TX PURPOSE: SCHOLARSHIPS FOR GRADUATING SENIORS AT ABILENE HIGH SCHOOL. STUDENTS HAVE A B AVERAGE AND DEMONSTRATE COMMUNITY INVOLVEMENT. | $12,000 |
Clarendon Foundation Sandy, UT PURPOSE: CLASSROOM SUPPORT | $10,200 |
Meta Alice Keith Bratten Foundation Fort Worth, TX PURPOSE: GENERAL SUPPORT | $2,000 |
Greathouse Foundation Abilene, TX PURPOSE: SUPPORT OF YOUTH EDUCATION | $2,000 |
Barber Foundation Abilene, TX PURPOSE: SUPPORT FOR EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $748,170 |
| Earnings | -$43,239 |
| Net Contributions | $54,504 |
| Other Expense | $4,682 |
| Grants | $20,831 |
| Ending Balance | $733,922 |
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 |