Kingsborough Education Foundationinc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 20-5658970
Organization Overview
Kingsborough Education Foundationinc is located in Dallas, TX. The organization was established in 2009. 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. Kingsborough Education Foundationinc 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 12/2022, Kingsborough Education Foundationinc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 56.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF AND TO FURTHER THE PURPOSES OF CRANDALL ISD, KAUFMAN COUNTY, TEXAS. THE FOUNDATION'S MISSION IS TO PROVIDE FUNDS FOR THE ASSISTANCE, DEVELOPMENT, AND MAINTENANCE OF EDUCATION PROGRAMS OR ACTIVITIES OF THE CRANDALL ISD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED COMPLIANCE WITH THE EDUCATION REFUND AGREEMENT. THE FOUNDATION CONTINUED REIMBURSING CRANDALL ISD FOR EXPENSES FOR PROGRAMS AND ACTIVITIES
OTHER ACCOMPLISHMENTS INCLUDE LEARNING PROGRAMS AND ENRICHMENT ACTIVITES SUCH AS ACCELERATE LEARNING, AIR EDUCATION, GRAVITY GAMING, AND PEROT MUSEUM OF NATURE AND SCIENCE - 260,398
FUNDED THE JUNIOR ACHIEVEMENT PROGRAMS AS AN ENRICHMENT PROGRAM FOR THE STUDENTS
FUNDED THE COMMUNITIES IN SCHOOLS PROGRAM WHICH PROVIDES ON SITE COORDINATORS WHO BRING COMMUNITY RESOURCES INTO SCHOOLS TO WORK WITH CHILDREN IN A COORDINATED, CARING AND COST-EFFECTIVE WAY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Edgren President & | OfficerTrustee | 5 | $0 |
Terry Bascher Secretary & | OfficerTrustee | 5 | $0 |
Dr Wendy Eldredge Cisd Appoint | Trustee | 2 | $0 |
Dodie Slama At Large Dir | Trustee | 2 | $0 |
Christy Starrett At Large Dir | Trustee | 2 | $0 |
Joy Gutierrez Heartland Po | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,154,977 |
| Investment income | $3,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,158,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,013,911 |
| 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 | $26,392 |
| Fees for services: Legal | $19,275 |
| Fees for services: Accounting | $13,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,787 |
| 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 | $1,075,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,270,025 |
| Savings and temporary cash investments | $692,343 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,226 |
| 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 | $0 |
| Total assets | $2,045,594 |
| 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 | $2,045,594 |
| 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 | $2,045,594 |
Grants Awarded
Over the last fiscal year, Kingsborough Education Foundationinc has awarded $1,008,308 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CRANDALL ISDCRANDALL ISD | | | $373,513 |
JUNIOR ACHIEVEMENTJUNIOR ACHIEV EMENT | | | $220,000 |
ACCELERATE LEARNING INCACCELERATE LEARNING INC | | | $6,975 |
AIR EDUCATION INCAIR EDUCATION INC | | | $123,900 |
GRAVITY GAMINGGRAVITY GAMING | | | $109,270 |
BEABLE EDUCATION INCBEABLE EDUCATION INC | | | $14,650 |