Prosper Education Foundation
- Assets
- $1.6m
- Revenue
- $895.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Prosper, TX
- Founding
- 03/1997
- Data as of
- 06/2021
- EIN
- 75-2662259
Organization Overview
Prosper Education Foundation is located in Prosper, TX. The organization was established in 1997. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Prosper Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prosper 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 06/2021, Prosper Education Foundation generated $895.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $654.5k during the year ending 06/2021. While expenses have increased by 29.0% per year over the past 6 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
TO FUND THE GROWTH, DEVELOPMENT AND SUPPORT OF ALL PROSPER ISD STUDENTS, FACULTY, AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED 240,467 IN SCHOLARSHIPS TO GRADUATING SENIORS
AWARDED 118,718 IN TEACHER AWARDS AND INCENTIVES
AWARDED 5,000 TO PROJECT GRADUATION FOR GRADUATING SENIORS AFTER- GRADUATION EVENT AND 105,777 TO PROSPER ISD FOR STAFF RECOGNITION BANQUET, TEACHER GRANTS, AND HOPE SQUAD TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenyetta Pettaway Secretary | Officer | $0 | |
Jorden M Dial President | Officer | $0 | |
Brad Stein Treasurer | Officer | $0 | |
Fred Haiman Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $700,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $720,694 |
| Total Program Service Revenue | $0 |
| Investment income | $5,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $169,625 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $895,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,777 |
| Grants and other assistance to domestic individuals. | $359,185 |
| 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 | $118,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38 |
| Fees for services: Accounting | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,760 |
| Advertising and promotion | $10,370 |
| Office expenses | $3,270 |
| Information technology | $6,806 |
| Royalties | $0 |
| Occupancy | $19,129 |
| Travel | $1,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,984 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,122 |
| All other expenses | $1,968 |
| Total functional expenses | $654,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,116,264 |
| Savings and temporary cash investments | $492,585 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,608,849 |
| Accounts payable and accrued expenses | $2,170 |
| 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 | $2,170 |
| Net assets without donor restrictions | $1,343,294 |
| Net assets with donor restrictions | $263,385 |
| 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 | $1,608,849 |
Grants Awarded
Over the last fiscal year, Prosper Education Foundation has awarded $20,267 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROSPER ISD | | | $15,000 |
PROJECT GRADUATION | | | $5,267 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Prosper Education Foundation has recieved totaling $218,392.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR CONTINUING THE GREAT WORK OF THE PROSPER EDUCATION FOUNDATION | $120,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $43,494 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $29,619 |
Coserv Charitable Foundation Corinth, TX PURPOSE: STUDENT SCHOLARSHIPS/TEACHER GRANTS | $15,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR CONTINUING THE GREAT WORK OF THE PROSPER ISD EDUCATION FOUNDATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Awty International School Houston, TX | $207,829,354 | $57,840,310 |
Albuquerque Academy Hcsr Albuquerque, NM | $165,817,111 | $34,153,293 |
E-Stem High Public Charter Schools Inc Little Rock, AR | $3,447,253 | $31,404,379 |
Santa Fe Indian School Santa Fe, NM | $90,382,939 | $26,366,608 |
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Thaden School Bentonville, AR | $79,028,915 | $15,891,102 |
Academics Plus Charter Schools Inc Maumelle, AR | $7,409,476 | $15,799,644 |
Marine Military Academy Inc Harlingen, TX | $47,303,872 | $14,319,783 |
South Texas Educational Technologies Inc Weslaco, TX | $17,267,724 | $15,758,985 |
Akibayavneh Academy Dallas, TX | $13,685,007 | $15,057,848 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |
Student Alternatives Program Incorporated San Antonio, TX | $19,593,024 | $15,118,019 |