Marfa Education Foundation Inc
- Assets
- $250.8k
- Revenue
- $263.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Marfa, TX
- Founding
- 03/2011
- Data as of
- 08/2022
- EIN
- 27-4545608
Organization Overview
Marfa Education Foundation Inc is located in Marfa, TX. The organization was established in 2011. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Marfa 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 08/2022, Marfa Education Foundation Inc generated $263.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $229.2k during the year ending 08/2022. While expenses have increased by 15.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS AND ENHANCES THE WORK OF THE MARFA INDEPENDENT SCHOOL DISTRICT, AND IS COMMITTED TO FACILITATING ENRICHMENT PROJECTS AND TO AUGMENTING THE EDUCATION OF THE DISTRICT'S STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNIFICANTLY INCREASED DONATIONS IN 2021-2022 ALLOWED THE FOUNDATION TO ALSO SUPPORT COMPUTER AND SOFTWARE REPLACEMENT FOR STUDENTS, PANDEMIC INCENTIVE FUNDS TO TEACHERS, EIGHT SCHOLARSHIPS TO ALUMNI IN COLLEGE YEARS 2-4, READABLE ENGLISH SUPPORT FOR HISPANIC STUDENTS, PANDEMIC LEARNING LOSS SUPPORT, DRAMATIC ARTS AND PLAYWRITING, COMPUTER SUPPORT FOR TEACHER LESSON PRESENTATION, A SCIENCE TRIP AND CLASSROOM AND AUDITORIUM/UPGRADES /RENOVATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott May Secretary | OfficerTrustee | 1 | $0 |
Marilyn Sanders Treasurer | OfficerTrustee | 10 | $0 |
Susan Kirr Vice President | OfficerTrustee | 1 | $0 |
Jennifer Moore President | OfficerTrustee | 2 | $0 |
Annette Mendoza Director | Trustee | 0.5 | $0 |
Katie Price Fowlkes Director (9/21 - 2/22) | Trustee | 0.25 | $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 | $263,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,537 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $263,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $224,084 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,558 |
| Advertising and promotion | $0 |
| Office expenses | $87 |
| 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 | $82 |
| Total functional expenses | $229,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,806 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,806 |
| 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 | $102,947 |
| Net assets with donor restrictions | $147,859 |
| 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 | $250,806 |
Grants Awarded
Over the last fiscal year, Marfa Education Foundation Inc has awarded $217,720 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARFA INDEPENDENT SCHOOL DISTRICT PURPOSE: FOUNDATION WAS SET UP TO SUPPORT THE SCHOOL. | $202,720 |
Marfa, TX PURPOSE: PARTNERSHIP WITH THE SCHOOL TO PROVIDE NO COST ART PROGRAMS, INCLUDING ONE ACT PLAY, CREATIVE WRITING, MONOLOGUE AND SCENE WRITING WORKSHOPS. | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Marfa Education Foundation Inc has recieved totaling $73,730.
| Awarding Organization | Amount |
|---|---|
Permian Basin Area Foundation Midland, TX PURPOSE: Educational | $40,000 |
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSES | $12,000 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX PURPOSE: SUPPORT AND ENHANCE THE WORK OF THE MARFA INDEPENDENT SCHOOL DISTRICT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,730 |
Kirr Foundation Inc Columbus, IN PURPOSE: CHARITABLE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |