Highland Park Isd Education Foundation
- Assets
- $46.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Dallas, TX
- Founding
- 02/1985
- Data as of
- 08/2022
- EIN
- 75-1999200
Organization Overview
Highland Park Isd Education Foundation is located in Dallas, TX. The organization was established in 1985. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 08/2022, Highland Park Isd Education Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Park Isd 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 08/2022, Highland Park Isd Education Foundation generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $4.6m during the year ending 08/2022. While expenses have increased by 7.0% 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.
Since 2016, Highland Park Isd Education Foundation has awarded 33 individual grants totaling $24,516,159. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE GRANT FINANCIAL SUPPORT TO HIGHLAND PARK INDEPENDENT SCHOOL DISTRICT FOR TEACHERS, STAFF, AND GRADUATING SENIORS. WE ALSO OPERATE THE HPHS ALUMNI ASSOCIATION AND CONTINUE TO GROW AN ENDOWMENT TO PROVIDE SUSTAINABLE SUPPORT FOR THE LONG-TERM NEEDS OF THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SIGNIFICANT FUNDING TO HIGHLAND PARK ISD FOR TEACHER AND STAFF SALARIES DISTRICT-WIDE, IN ADDITION TO SUPPORTING SPECIAL STUDENT PROGRAMS AND K-12 NEEDS. THE FOUNDATION ALSO GRANTS TEACHER OF THE YEAR AWARDS AND SCHOLARSHIPS TO TEACHERS AND GRADUATING SENIORS TO ASSIST THEM IN REACHING THEIR ACADEMIC GOALS. THE FOUNDATION HAS AN ENDOWMENT TO PROVIDE SUSTAINABLE FINANCIAL SUPPORT TO THE LONG-TERM NEEDS OF THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Holloway Executive Dir. | Officer | 40 | $143,828 |
Carolyn Ray CFO | Officer | 40 | $118,541 |
Marc Taubenfeld Treasurer | OfficerTrustee | 1 | $0 |
Bill Ogle Secretary | OfficerTrustee | 1 | $0 |
Dansby Erwin Vice President | OfficerTrustee | 1 | $0 |
Michael Denton President | OfficerTrustee | 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 | $8,219,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,219,622 |
| Total Program Service Revenue | $279,561 |
| Investment income | $579,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,862,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,941,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,932,418 |
| Grants and other assistance to domestic individuals. | $127,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $306,923 |
| Compensation of current officers, directors, key employees. | $102,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,285 |
| Pension plan accruals and contributions | $17,764 |
| Other employee benefits | $16,463 |
| Payroll taxes | $46,681 |
| 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 | $203,186 |
| Fees for services: Other | $112,000 |
| Advertising and promotion | $79,145 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,599,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,872,253 |
| Savings and temporary cash investments | $3,647,263 |
| Pledges and grants receivable | $3,365,191 |
| 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 | $14,480 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $36,844,322 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,743,509 |
| Accounts payable and accrued expenses | $143,031 |
| Grants payable | $27,000 |
| Deferred revenue | $54,685 |
| 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 | $2,098,250 |
| Total liabilities | $2,322,966 |
| Net assets without donor restrictions | $2,062,215 |
| Net assets with donor restrictions | $42,358,328 |
| 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 | $46,743,509 |
Grants Awarded
Over the last fiscal year, Highland Park Isd Education Foundation has awarded $2,929,603 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HIGHLAND PARK ISD PURPOSE: ACA. ENRICH. & TEACH. SALARIES | $2,876,411 |
Dallas, TX PURPOSE: ARCHERY PROGRAM | $22,752 |
Dallas, TX PURPOSE: SCHOOL OPERATING COSTS | $20,000 |
Dallas, TX PURPOSE: MEZZANINE PROJECT | $10,440 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Highland Park Isd Education Foundation has recieved totaling $15,068.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: PROJECT SUPPORT | $15,068 |
Endowment Analysis
| Beg. Balance | $41,107,119 |
| Earnings | -$5,342,537 |
| Net Contributions | $5,795,113 |
| Grants | $1,105,493 |
| Ending Balance | $40,454,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |