Alvin I S D Education Foundation Inc
- Assets
- $1.5m
- Revenue
- $448.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Alvin, TX
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 76-0569796
Organization Overview
Alvin I S D Education Foundation Inc is located in Alvin, TX. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alvin I S D 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, Alvin I S D Education Foundation Inc generated $448.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $293.9k during the year ending 12/2021. While expenses have increased by 9.9% 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
TO PROMOTE AND SUPPORT ALVIN ISD IN ITS EDUCATIONAL ENDEVOURS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE GIVEN TO TEACHERS TO ALLOW THEM TO CARRY OUT INNOVATIVE TEACHING IDEAS THAT ARE NOT ABLE TO BE FUNDED BY THE DISTRICT. APPROX 4500 STUDENTS BENEFITED.
SCHOLARSHIPS ARE GIVEN TO AISD GRADUATING STUDENTS AS WELL AS STAFF TO HELP FURTHER THEIR EDUCATION. APPROX 31 INDIVIDUALS BENEFITED.
GRANTS ARE GIVEN TO ALL NEW TEACHERS IN THE SCHOOL DISTRICT TO ASSIST THEM IN PURCHASING SUPPLIES FOR THEIR SCHOOL ROOMS. APPROX 3700 STUDENTS BENEFITED.
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelia Olson Executive Director | Officer | 40 | $70,575 |
Melba Ervin President | OfficerTrustee | 10 | $0 |
Lorilyn Wynn Secretary | OfficerTrustee | 10 | $0 |
Scot Bryant Vice President | OfficerTrustee | 10 | $0 |
Joy Korth Treasurer | OfficerTrustee | 10 | $0 |
David Becker Past President | OfficerTrustee | 10 | $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 | $5,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,554 |
| Total Program Service Revenue | $0 |
| Investment income | $77,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,076 |
| Net Income from Fundraising Events | $334,478 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $137,496 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,094 |
| Compensation of current officers, directors, key employees. | $72,554 |
| Compensation of current officers, directors, key employees. | $72,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,608 |
| Payroll taxes | $5,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,044 |
| Fees for services: Accounting | $725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,964 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,450 |
| Office expenses | $6,850 |
| 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 | $600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,602 |
| All other expenses | $49,500 |
| Total functional expenses | $293,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,956 |
| Savings and temporary cash investments | $0 |
| 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 | $1,008,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,457,712 |
| Accounts payable and accrued expenses | $213,211 |
| 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 | $213,211 |
| 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 | $1,244,501 |
| Total liabilities and net assets/fund balances | $1,457,712 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Alvin I S D Education Foundation Inc has recieved totaling $63,579.
| Awarding Organization | Amount |
|---|---|
Ascend Cares Foundation Houston, TX PURPOSE: General Support | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,750 |
Ineos Ican Foundation League City, TX PURPOSE: EDUCATIONAL ASSISTAN | $14,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: TO CONTINUE THE GREAT WORK OF THE ALVIN ISD EDUCATION FOUNDATION | $7,500 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $1,025 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |