Amarillo I S D Foundation
- Assets
- $654.7k
- Revenue
- $46.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Amarillo, TX
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 75-2256608
Organization Overview
Amarillo I S D Foundation, operating under the name Amarillo Education Foundation, is located in Amarillo, TX. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Amarillo 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 06/2022, Amarillo Education Foundation generated $46.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $61.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. 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
TO PROVIDE EDUCATIONAL CLASSROOM GRANTS TO THE PUBLIC SCHOOLS OF THE AMARILLO INDEPENDENT SCHOOL DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED CLASSROOM ENRICHMENT AND TEACHER ASSISTANCE GRANTS TO AISD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Stevenson Executive Director | Trustee | 45 | $47,741 |
Jerri Slayton President | Officer | 3 | $0 |
Ann Hill Secretary | Officer | 3 | $0 |
Denise Cross Treasurer | Officer | 3 | $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 | $19,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,139 |
| Total Program Service Revenue | $0 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,741 |
| Compensation of current officers, directors, key employees. | $47,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,073 |
| 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 | $1,181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $469 |
| All other expenses | $0 |
| Total functional expenses | $61,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,821 |
| Savings and temporary cash investments | $85,462 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $521,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,726 |
| Accounts payable and accrued expenses | $990 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $598,675 |
| 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 | $599,665 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $55,061 |
| Total liabilities and net assets/fund balances | $654,726 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Amarillo I S D Foundation has recieved totaling $422,058.
| Awarding Organization | Amount |
|---|---|
The Onestar Foundation Austin, TX PURPOSE: AMERICORPS SUB-GRANT | $415,308 |
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: PROGRAM SUPPORT | $6,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $550 |
Gap Foundation San Francisco, CA PURPOSE: SUPPORT FOR EDUCATIONAL PROGRAMS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colleyville Covenant Christian Academy Colleyville, TX | $25,022,338 | $9,511,820 |
Shiprock Associated Schools Inc Shiprock, NM | $31,955,534 | $19,122,666 |
Bricolage Academy New Orleans, LA | $3,330,408 | $10,862,548 |
Providence Christian School Of Texas Dallas, TX | $26,435,354 | $9,017,870 |
Geneva School Of Boerne Boerne, TX | $24,604,776 | $9,774,585 |
Islamic Services Foundation Richardson, TX | $12,490,908 | $9,373,276 |
Gateway Charter Academy Dallas, TX | $11,412,172 | $9,492,456 |
Austin Public Education Foundation Austin, TX | $4,200,254 | $10,676,988 |
Harding Independence Charter District Inc Oklahoma City, OK | $1,669,946 | $7,745,026 |
Austin Waldorf School Austin, TX | $13,040,325 | $8,774,910 |
Pantego Christian Academy Inc Arlington, TX | $17,418,835 | $10,931,726 |
Westminster Christian Academy Opelousas, LA | $10,767,987 | $8,490,926 |