Ranger Academic Enrichmentfoundation Inc
- Assets
- $2.6m
- Revenue
- $686.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Perryton, TX
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-4953320
Organization Overview
Ranger Academic Enrichmentfoundation Inc is located in Perryton, TX. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Ranger Academic Enrichmentfoundation 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, Ranger Academic Enrichmentfoundation Inc generated $686.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $223.4k during the year ending 12/2021. While expenses have increased by 15.3% 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
THE FOSTERING OF EDUCATIONAL OPPORTUNITIES FOR THE YOUTH OF THE PERRYTON SCHOOL SYSTEM THROUGHTHE MAKING OF GRANTS TO THE SCHOOLS OF THE PERRYTON INDEPENDENT SCHOOL DISTRICT AND FOR SCHOLARSHIPS TO GRADUATES OF PERRYTON HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AND OTHER PAYMENTS BENEFITTING STUDENTS TOTAL $15,000GRANTS TO THE SCHOOL DISTRICT FOR EQUIPMENT TO IMPROVE EDUCATION FOR STUDENTS $24,207PATHWAYS PROGRAM OPERATING EXPENSES $41,130PATHWAYS SCHOLORSHIPS AND TUITION PAYMENTS TO FPC $111,193
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Randall Director | Trustee | 1 | $0 |
Cassie Laxton Director | Trustee | 1 | $0 |
Laci Bridwell Director | Trustee | 1 | $0 |
Bryce Hale Treasurer | Trustee | 1 | $0 |
Marcia Hale Asst Treasurer | Trustee | 3 | $0 |
Jeffery Blasingame Director | Trustee | 1 | $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 | $114,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,584 |
| Total Program Service Revenue | $0 |
| Investment income | $553,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,207 |
| Grants and other assistance to domestic individuals. | $126,193 |
| 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 | $31,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,392 |
| Fees for services: Management | $8,024 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,699 |
| Fees for services: Other | $0 |
| 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 | $223,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,916 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,513,062 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,617,978 |
| 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 | $2,450 |
| Total liabilities | $2,450 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,617,978 |
Endowment Analysis
| Beg. Balance | $2,228,447 |
| Earnings | $394,241 |
| Admin Expense | $20,699 |
| Net Contributions | $35,916 |
| Grants | $124,843 |
| Ending Balance | $2,513,062 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wiley College Marshall, TX | $47,591,110 | $22,498,532 |
Meadow Oaks Education Foundation Mesquite, TX | $6,337,401 | $20,503,410 |
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |