Spring I S D Education Foundation
- Assets
- $621.0k
- Revenue
- $222.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Houston, TX
- Founding
- 12/1992
- Data as of
- 06/2023
- EIN
- 76-0383444
Organization Overview
Spring I S D Education Foundation, operating under the name -, is located in Houston, TX. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. - 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 06/2023, - generated $222.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $163.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, - has awarded 13 individual grants totaling $236,109. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE AND DISTRIBUTE RESOURCES TO THE SPRING INDEPENDENT SCHOOL DISTRICT TO ENHANCE THE QUALITY OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE EDUCATIONAL PROGRAMS OF BOTH THE STUDENTS AND STAFF PERSONNEL OF THE SPRING INDEPENDENT SCHOOL DISTRICT THROUGH THE ISSUANCE OF GRANTS FROM THE FOUNDATION TO SELECT INNOVATIVE PROGRAMS AND ACTIVITIES WHICH WERE NOT FUNDED BY THE NORMAL OPERATING BUDGET OF THE SCHOOL DISTRICT. THE FOUNDATION ALSO STRIVES TO RECOGNIZE AND ENCOURAGE STAFF EXCELLENCE AND TO EXPAND INVOLVEMENT IN SPRING INDEPENDENT SCHOOL DISTRICT FROM INDIVIDUALS, BUSINESSES AND CIVIC ORGANIZATIONS WHICH ARE LOCATED IN THE SPRING INDEPENDENT SCHOOL DISTRICT.
THE FOUNDATION PROVIDED 21 SCHOLARSHIPS TO 16 STUDENTS WHO EXCELLED IN THE CLASSROOM.
THE FOUNDATION ALSO PROVIDED FUNDS FOR SPRING INDEPENDENT SCHOOL DISTRICT EMPLOYEE RECOGNITION AWARDS AND HONOR GRADUATE RECOGNITION EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Beeman President | OfficerTrustee | 2 | $0 |
Gloria Marshall Imdt Past Pr | OfficerTrustee | 3 | $0 |
Jill Wright Vice Preside | OfficerTrustee | 2 | $0 |
Lina Sabouni Vice Preside | OfficerTrustee | 2 | $0 |
Jennifer Ledbetter Secretary | OfficerTrustee | 1 | $0 |
Dwight Rumph Treasurer | OfficerTrustee | 2 | $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 | $111,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,179 |
| Total Program Service Revenue | $0 |
| Investment income | $16,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,608 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,777 |
| Grants and other assistance to domestic individuals. | $23,500 |
| 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 | $42,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $956 |
| Office expenses | $22,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,846 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,332 |
| All other expenses | $0 |
| Total functional expenses | $163,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,242 |
| Savings and temporary cash investments | $32,996 |
| 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 | $452,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $621,049 |
| 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 | $547,906 |
| Net assets with donor restrictions | $73,143 |
| 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 | $621,049 |
Grants Awarded
Over the last fiscal year, Spring I S D Education Foundation has awarded $42,529 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPRING INDEPENDENT SCHOOL DISTRICT PURPOSE: TEACHER GRANTS | $37,379 |
SPRING INDEPENDENT SCHOOL DISTRICT PURPOSE: GIFT OF READING | $5,150 |