Northwest Isd Education Foundation Inc
- Assets
- $2.2m
- Revenue
- $766.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 07/1999
- Data as of
- 06/2021
- EIN
- 75-2678804
Organization Overview
Northwest Isd Education Foundation Inc is located in Fort Worth, TX. The organization was established in 1999. 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. Northwest Isd 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 06/2021, Northwest Isd Education Foundation Inc generated $766.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $470.4k during the year ending 06/2021. While expenses have increased by 7.1% 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.
Since 2015, Northwest Isd Education Foundation Inc has awarded 17 individual grants totaling $1,081,153. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTHWEST ISD EDUCATION FOUNDATION WAS CREATED TO SUPPORT THE EDUCATIONAL PROGRAMS FOR BOTH THE STUDENTS AND STAFF OF THE NORTHWEST INDEPENDENT SCHOOL DISTRICT. THE FOUNDATION PROVIDES FUNDS FOR EDUCATIONAL PROGRAMS AND ACTIVITIES THAT ARE NOT FUNDED BY THE NORMAL OPERATING BUDGET OF THE SCHOOL DISTRICT. THESE FUNDS ARE USED TO FACILITATE STUDENT ACHIEVEMENT AND SKILL DEVELOPMENT, TO RECOGNIZE AND ENCOURAGE STAFF EXCELLENCE, AND TO EXPAND COMMUNITY INVOLVEMENT FROM INDIVIDUALS, BUSINESSES, AND CIVIC ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS & TUITION AWARDED TO GRADUATING SENIORS FOR USE AT ACCREDITED UNIVERSITIES IN THE FIELDS OF ENGINEERING, COMPUTER TECHNOLOGY, THE ARTS, OR OF THEIR CHOICE AS SPECIFIED.
TEACHERS AT NORTHWEST ISD AWARDS FOR INNOVATIVE TEACHING IDEAS.
FUNDS SUPPORTING NISD DISTRICT INITIATIVE FUND. DISTRICT INITIATIVE FUNDS SUPPORT EDUCATORS AND STUDENTS THROUGH THE FREE NEF RESOURCE STORE AND LIBRARY, PROVIDES SNACK PACKS AND LITERACY MATERIALS FOR SUMMER LEARNERS, AND PROVIDES SUPPORT IN THE CLASSROOM OUTSIDE THE TEACHING GRANT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Dearing VP Finance | OfficerTrustee | 1 | $0 |
Chase Rowe President | OfficerTrustee | 1 | $0 |
Rachel Nobles Advisory Boa | OfficerTrustee | 1 | $0 |
Jason Brummal VP Of Progra | OfficerTrustee | 1 | $0 |
Mary Zapata VP Of Develo | OfficerTrustee | 1 | $0 |
Alba Garza Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $235,436 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,878 |
| Total Program Service Revenue | $0 |
| Investment income | $239,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,141 |
| Net Income from Fundraising Events | -$48,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $766,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,772 |
| Grants and other assistance to domestic individuals. | $55,700 |
| 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 | $0 |
| 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 | $8,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,083 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,505 |
| Office expenses | $2,212 |
| 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 | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,251 |
| Total functional expenses | $470,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $800 |
| 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 | $1,973,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,155,305 |
| Accounts payable and accrued expenses | $76,469 |
| 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 | $5,814 |
| Total liabilities | $82,283 |
| 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 | $2,073,022 |
| Total liabilities and net assets/fund balances | $2,155,305 |
Grants Awarded
Over the last fiscal year, Northwest Isd Education Foundation Inc has awarded $162,772 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: DESIGNATED GIFTS | $60,376 |
Fort Worth, TX PURPOSE: INNOVATIVE TEACHING | $57,396 |
Fort Worth, TX PURPOSE: CAMPUS GRANTS | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Northwest Isd Education Foundation Inc has recieved totaling $249,993.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $62,666 |
Alliance Texas Foundation Fort Worth, TX PURPOSE: EDUCATION SUPPORT | $50,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR STEM TEACHING GRANTS, MAKERS SPACES AND ACCESS TO TECHNOLOGY | $25,000 |
Coserv Charitable Foundation Corinth, TX PURPOSE: STUDENT SCHOLARSHIPS/TEACHER GRANTS | $25,000 |
Speedway Childrens Charities Concord, NC PURPOSE: CRITICAL NEEDS | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,625 |
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 |