Fredericksburg Academic Boosters Inc
- Assets
- $309.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Fredericksburg, TX
- Founding
- 03/1994
- Data as of
- 07/2023
- EIN
- 74-2689298
Organization Overview
Fredericksburg Academic Boosters Inc is located in Fredericksburg, TX. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 07/2023, Fredericksburg Academic Boosters Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg Academic Boosters 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 07/2023, Fredericksburg Academic Boosters Inc generated $64.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $93.0k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE ACADEMIC EXCELLENCE IN LOCAL SCHOOLS BY ENCOURAGING STUDENTS TO DO THEIR BEST IN ALL ENDEAVORS AND BY PROVIDING RECOGNITION/REWARD FOR ACCOMPLISHMENTS BY PROVIDING SCHOLARSHIP OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Wilson Director | 1 | $0 | |
Debbie Sultemeier Past Director | 1 | $0 | |
Leanne Halford Past Director | 1 | $0 | |
Terry Collier Director | 1 | $0 | |
Terri Vogel Past Director | 1 | $0 | |
Ned Reynolds Current Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,066 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,336 |
| Investment income | $4,182 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,584 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,477 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $216 |
| Other expenses | $12,009 |
| Total expenses | $92,952 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $309,792 |
| Other assets | $0 |
| Total assets | $309,792 |
| Total liabilities | $0 |
| Net assets or fund balances | $309,792 |