Azle Education Foundation
- Assets
- $352.4k
- Revenue
- $62.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Azle, TX
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-1616952
Organization Overview
Azle Education Foundation is located in Azle, TX. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Azle Education Foundation 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, Azle Education Foundation generated $62.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $37.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 7 years. 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 AZLE EDUCATION FOUNDATION WAS FORMED TO SUPPORT THE EDUCATIONAL PROGRAMS FOR BOTH THE STUDENTS AND STAFF OF THE AZLE INDEPENDENT SCHOOL DISTRICT. FUNDS WILL BE USED TO FOSTER STUDENT ACHIEVEMENT AND SKILL DEVELOPMENT, TO SUPPORT AND ENCOURAGE STAFF INNOVATION AND EXCELLENCE AND TO FACILITATE COMMUNITY INVOLVEMENT FROM INDIVIDUALS, BUSINESSES AND CIVIC ORGANIZATIONS. THE ORGANIZATION'S GOALS INCLUDE: 1)PROMOTE AND FACILITATE THE FUNDING OF CREATIVE AND INNOVATIVE EDUCATION PROGRAMS. 2)RECOGNIZE AND ENCOURAGE AZLE ISD STUDENTS AND STAFF THROUGH POSITIVE REINFORCEMENT OF EDUCATIONAL ACTIVITIES. 3)ENSURE A PERPETUAL SOURCE OF FUNDS THROUGH DONATIONS RECEIVED FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND INCOME EARNED ON ENDOWMENT FUNDS. 4)PROVIDE OPPORTUNITIES FOR THE COMMUNITY TO FINANCIALLY SUPPORT EDUCATIONAL INNOVATION AND EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE EDUCATIONAL PROGRAMS FOR BOTH THE STUDENTS AND STAFF OF THE AZLE INDEPENDENT SCHOOL DISTRICT. FOSTERED STUDENT ACHIEVEMENT AND SKILL DEVELOPMENT, SUPPORTED AND ENCOURAGED STAFF INNOVATION AND EXCELLENCE AND FACILITATED COMMUNITY INVOLVEMENT FROM INDIVIDUALS, BUSINESSES AND CIVIC ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Haas Secretary | Officer | 1 | $0 |
Andy Rector Treasurer | Officer | 1 | $0 |
Jack Stevens President | Officer | 1 | $0 |
Philippe Lalonde Director | Trustee | 1 | $0 |
Steve Parker Director | Trustee | 1 | $0 |
Barbara Penshorn 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 | $61,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,203 |
| Total Program Service Revenue | $0 |
| Investment income | $3,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,425 |
| Grants and other assistance to domestic individuals. | $34,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $134 |
| 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 | $1,246 |
| All other expenses | $0 |
| Total functional expenses | $37,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,702 |
| Savings and temporary cash investments | $344,687 |
| 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 | $0 |
| Total assets | $352,389 |
| 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 | $352,389 |
| 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 | $352,389 |
Grants Awarded
Over the last fiscal year, Azle Education Foundation has awarded $129,756 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AZLE ISD PURPOSE: TEACHER GRANTS | $87,018 |
AZLE ISD PURPOSE: CAMPUS GRANTS | $24,255 |
AZLE ISD PURPOSE: AVID/COOL | $18,483 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Azle Education Foundation has recieved totaling $8,232.
| Awarding Organization | Amount |
|---|---|
Emanuel Foundation Inc Azle, TX PURPOSE: DONATION | $5,000 |
Live Oak Foundation Fort Worth, TX PURPOSE: TEACHER GRANTS, COLLEGE SCHOLARSHIPS AND TEACHER OF THE YEAR CONTINUING EDUCATION GRANTS | $2,925 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO EDUCATION | $222 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $85 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |