Temple Education Foundation Inc
- Assets
- $1.2m
- Revenue
- $284.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Temple, TX
- Founding
- 10/1991
- Data as of
- 06/2022
- EIN
- 74-2597320
Organization Overview
Temple Education Foundation Inc is located in Temple, TX. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Temple Education 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 06/2022, Temple Education Foundation Inc generated $284.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $202.3k during the year ending 06/2022. While expenses have increased by 14.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ASSISTANCE, SCHOLARSHIPS AND TEACHER GRANTS FOR TEMPLE INDEPENDENT SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS - $77,250GRANTS TO TEACHERS - $69,866ACADEMIC RECOGNITION - $ 677GRANT EXPENSES - $ 448SCHOLARSHIP EXPENSES - $ 78
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dow Fogleman Chairperson | OfficerTrustee | 4 | $0 |
Scott Seela Immediate Past Chair | OfficerTrustee | 1 | $0 |
Brittany Norman Secretary | OfficerTrustee | 3 | $0 |
Terri Marshall Treasurer | OfficerTrustee | 3 | $0 |
Alesia Dawson Scholarships Chair | Trustee | 1 | $0 |
Sharon Hardwick Grants Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,870 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,555 |
| Total Program Service Revenue | $0 |
| Investment income | $42,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,686 |
| Net Income from Fundraising Events | $5,231 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,866 |
| Grants and other assistance to domestic individuals. | $77,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $31,750 |
| Compensation of current officers, directors, key employees. | $31,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,795 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,579 |
| Office expenses | $5,080 |
| 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 | $546 |
| All other expenses | $0 |
| Total functional expenses | $202,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,680 |
| Savings and temporary cash investments | $249,564 |
| 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 | $6,313 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $952,198 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,220,755 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $89,289 |
| 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 | $89,289 |
| Net assets without donor restrictions | $364,812 |
| Net assets with donor restrictions | $766,654 |
| 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 | $1,220,755 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Temple Education Foundation Inc has recieved totaling $20,481.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,500 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: SUPPORT ITS INNOVATIVE TEACHING GRANTS PROGRAM | $5,000 |
Oncor Cares Foundation Dallas, TX PURPOSE: HELP ORGANIZATIONS PROVIDE ASSISTANCE TO THOSE IN NEED DURING THE COVID-19 PANDEMIC. | $4,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $481 |
Endowment Analysis
| Beg. Balance | $831,603 |
| Earnings | -$70,504 |
| Net Contributions | $5,555 |
| Ending Balance | $766,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |