Aldine Education Foundation
- Assets
- $3.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/2012
- Data as of
- 06/2021
- EIN
- 45-4695262
Organization Overview
Aldine Education Foundation is located in Houston, TX. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational 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. Aldine 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 06/2021, Aldine Education Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $733.8k during the year ending 06/2021. While expenses have increased by 4.6% 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.
Since 2015, Aldine Education Foundation has awarded 19 individual grants totaling $2,223,393. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ALDINE EDUCATION FOUNDATION IS TO PROVIDE COMMUNITY-BASED SUPPORT TO THE ALDINE INDEPENDENT SCHOOL DISTRICT IN PURSUIT OF EXCELLENCE IN TEACHING, INNOVATION IN THE CLASSROOM, AND SUPERIOR LEARNING OPPORTUNITIES FOR ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS WERE GRANTED TO CERTAIN ALDINE ISD GRADUATING SENIORS WHO WERE BEGINNING THEIR FIRST YEAR OF UNIVERSITY. THE CHECKS WERE PAYABLE TO THE APPLICABLE UNIVERSITY FOR THE BENEFIT OF THE SCHOLARSHIP RECIPIENT.
TEACHER OF THE YEAR AWARDS WERE GIVEN TO CERTAIN ALDINE ISD TEACHERS.
SPONSORED PROGRAMS: GRANTS WERE AWARDED TO ALDINE ISD IN SUPPORT OF TEACHING AND SCHOLASTIC EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Acosta Director | Trustee | 1 | $0 |
Rose Avalos Director | Trustee | 1 | $0 |
Dr Latonya Goffney Director | OfficerTrustee | 1 | $0 |
Derrick Manns Director | Trustee | 1 | $0 |
Sidney Brewer Sr Director | OfficerTrustee | 1 | $0 |
Richard Cantu President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $659,674 |
| Investment income | $367,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,594 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,070,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $618,711 |
| 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 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 | $20,608 |
| Fees for services: Accounting | $24,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,500 |
| Office expenses | $5,829 |
| 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 | $250 |
| Insurance | $153 |
| All other expenses | $0 |
| Total functional expenses | $733,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,733,396 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,554,183 |
| Intangible assets | $0 |
| Other assets | $157 |
| Total assets | $3,288,723 |
| Accounts payable and accrued expenses | $1,048 |
| 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 | $951,751 |
| Total liabilities | $952,799 |
| 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 |
| Total liabilities and net assets/fund balances | $2,335,924 |
Grants Awarded
Over the last fiscal year, Aldine Education Foundation has awarded $25,249 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LSC FDN-ALDINE SCHOLARSHIP FD | | | $10,000 |
ALDINE ISD PURPOSE: EDUCATIONAL GRANTS | $15,249 |