Lewisville Education Foundation Inc
- Assets
- $6.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lewisville, TX
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 75-2333118
Organization Overview
Lewisville Education Foundation Inc is located in Lewisville, TX. The organization was established in 1990. 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. Lewisville 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 12/2021, Lewisville Education Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $875.0k during the year ending 12/2021. While expenses have increased by 4.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENRICH THE QUALITY OF PUBLIC EDUCATION IN THE THIRTEEN COMMUNITIES SERVED BY THE LEWISVILLE INDEPENDENT SCHOOL DISTRICT BY BEING A VEHICLE FOR SECURING PRIVATE FUNDING BENEFITING LISD TEACHERS AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS USED THESE FUNDS TO PAY FOR TUITION, BOOKS, HOUSING, AND OTHER NEEDS REALTED TO HIGHER EDUCATION. THERE WERE 342 SCHOLARSHIPS AWARDED TO LISD STUDENTS.
TEACHERS AND SCHOOLS USED THESE FUNDS INSIDE THE CLASSROOM TO PROMOTE A VARIETY OF DIFFERENT TYPES OF LEARNING. EACH GRANT WAS APPLIED FOR SEPARATELY AS A SPECIFIC REQUEST TO MEET THE NEEDS OF A PARTICULAR TEACHER OR CAMPUS. THERE WERE 127 GRANTS AWARDED TO LISD TEACHERS AND CAMPUSES.
AWARDS OF EXCELLENCE ARE GIVEN TO LISD EMPLOYEES AS A WAY TO RECOGINIZE AND ENCOURAGE THEIR DISTINCTION AND EFFORTS PUT IN DURING THE YEAR AND OVER THEIR CAREERS AT LISD. THERE WERE 34 AWARDS GIVEN TO LISD COUNSELORS, NURSES, ADMINISTRATION, AND OTHER OUTSTANDING EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Canivel Governance Committee | OfficerTrustee | 2 | $0 |
Terry Allen President Elect | OfficerTrustee | 2 | $0 |
Damion Robertson Vice President Development | OfficerTrustee | 2 | $0 |
Andy Eads Life Member Lef Bod | OfficerTrustee | 1 | $0 |
Michelle Cree Past President | OfficerTrustee | 2 | $0 |
Stephen Dubner President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $123,872 |
| Related organizations | $0 |
| Government grants | $43,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,017,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,184,772 |
| Total Program Service Revenue | $0 |
| Investment income | $95,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $324,116 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,608,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,865 |
| Grants and other assistance to domestic individuals. | $219,584 |
| 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 | $243,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,952 |
| Office expenses | $6,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,407 |
| 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 | $3,097 |
| All other expenses | $65,354 |
| Total functional expenses | $874,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,481 |
| Savings and temporary cash investments | $208,885 |
| Pledges and grants receivable | $45,295 |
| 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 | $4,458 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,442,429 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,972,548 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,451,831 |
| Net assets with donor restrictions | $4,520,717 |
| 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 | $5,972,548 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lewisville Education Foundation Inc has recieved totaling $6,650.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: ENRICH EDUCATION IN LEWISVILLE TX | | $6,650 |
Endowment Analysis
| Beg. Balance | $3,359,769 |
| Earnings | $488,027 |
| Net Contributions | $98,107 |
| Grants | $305,315 |
| Ending Balance | $3,640,588 |
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 |