Friendswood Isd Education Foundation Inc
- Assets
- $2.2m
- Revenue
- $426.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Friendswood, TX
- Founding
- 09/1999
- Data as of
- 08/2021
- EIN
- 76-0606614
Organization Overview
Friendswood Isd Education Foundation Inc is located in Friendswood, TX. The organization was established in 1999. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Friendswood 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 08/2021, Friendswood Isd Education Foundation Inc generated $426.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $71.5k during the year ending 08/2021. 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
FUNDS FOR PUBLIC SCHOOL PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FOR FUNDS TO TEACHERS TO ENGAGE IN SCHOOL PROJECTS WITH THEIR STUDENTS.
EMPLOYEE RECOGNITION AND AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Hillenburg Treasurer | Officer | 5 | $0 |
Shanna Kirkpatrick Vice President | Officer | 5 | $0 |
Molly Crow President | Officer | 5 | $0 |
Brad Freyer Vice President | Officer | 5 | $0 |
Meg Crowley Director | Trustee | 2 | $0 |
Leah Direkly Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,310 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,986 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,296 |
| Total Program Service Revenue | $0 |
| Investment income | $17,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $193,523 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $426,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,557 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,351 |
| Fees for services: Other | $63,551 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $71,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,608 |
| Savings and temporary cash investments | $1,676,171 |
| 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 | $15,030 |
| Total assets | $2,184,809 |
| 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 | $267,710 |
| Total liabilities | $267,710 |
| 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 | $1,917,099 |
| Total liabilities and net assets/fund balances | $2,184,809 |
Grants Awarded
Over the last fiscal year, Friendswood Isd Education Foundation Inc has awarded $226,946 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDSWOOD ISD PURPOSE: EDUCATION | $226,946 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Friendswood Isd Education Foundation Inc has recieved totaling $94,030.
| Awarding Organization | Amount |
|---|---|
Texas Mutual Insurance Company Austin, TX PURPOSE: Workforce Development & Safety Training | $71,846 |
Pnm Foundation Inc Albuquerque, NM PURPOSE: POWER UP GRANTS | $8,700 |
Ineos Ican Foundation League City, TX PURPOSE: EDUCATIONAL ASSISTAN | $5,350 |
Allstate Foundation Northbrook, IL PURPOSE: HELPING HANDS GROUP GRANTS GRANT | $5,000 |
Stedman West Foundation Houston, TX PURPOSE: SPONSOR FOR ANNUAL SKEET SHOOT SUPPORTING EDUCATION IN FBISD (NONE OF THE FUNDS WERE USED TO PURCHASE TICKETS FOR THE EVENT) | $1,750 |
Sanjay And Durga Reddy Konda Foundation Jersey Village, TX PURPOSE: EDUCATION | $500 |
Endowment Analysis
| Beg. Balance | $1,363,291 |
| Earnings | $101,855 |
| Net Contributions | $209,945 |
| Ending Balance | $1,675,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana Monroe Facilities Inc Monroe, LA | $82,040,215 | $15,012,687 |
Restore Education San Antonio, TX | $2,530,386 | $5,936,619 |
College Houses Austin, TX | $15,789,327 | $3,775,047 |
Books Between Kids Inc Houston, TX | $1,448,531 | $2,188,217 |
Communities In Schools Of New Mexico Santa Fe, NM | $908,559 | $2,316,828 |
The Arkansas Tech University Facilities Development Foundation Russellville, AR | $53,685 | $105 |
Austin Partners In Education Austin, TX | $1,240,919 | $1,858,475 |
Health Occupations Students Of America Southlake, TX | $3,397,887 | $1,856,291 |
Collegiate Edu-Nation Roscoe, TX | $1,605,609 | $1,649,388 |
Sci-Tech Discovery Center Inc Frisco, TX | $1,024,000 | $1,631,074 |
Communities In Schools Of The Big Country Abilene, TX | $1,261,919 | $2,051,094 |
American Board Of Obgyn Educational Foundation Inc Dallas, TX | $3,548,102 | -$4,008,900 |