Argyle Isd Education Foundation Inc
- Assets
- $1.1m
- Revenue
- $156.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Argyle, TX
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 61-1413533
Organization Overview
Argyle Isd Education Foundation Inc is located in Argyle, TX. The organization was established in 2002. 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. Argyle Isd 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 06/2021, Argyle Isd Education Foundation Inc generated $156.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $185.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Argyle Isd Education Foundation Inc has awarded 14 individual grants totaling $946,200. 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 ORGANIZATION'S MISSION IS TO SOLICIT, MANAGE, AND PROVIDE RESOURCES TO ENHANCE THE LEARNING ENVIRONMENT FOR ARGYLE INDEPENDENT SCHOOL DISTRICT STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHER SALARY GRANTS ARE GIVEN TO THE SCHOOL DISTRICT TO FUND NEW TEACHERS SALARIES IN ORDER TO PROVIDE THE SCHOOL DISTRICT WITH ACCESS TO EDUCATIONAL PROGRAMS THAT OTHERWISE WOULD NOT BE AVAILABLE. THESE SALARIES ARE ABOVE WHAT IS REQUIRED BY THE STATE. ANNUALLY THE BOARD REVIEWS THE PRIORITIES OF THE SCHOOL DISTRICT AND DETERMINES WHAT AREAS NEED ENHANCING AND RAISES FUNDS TO PROVIDE A TEACHER THAT IS ABLE TO MEET THOSE NEEDS.
CAMPUS SCHOOL SITE GRANTS ARE AWARDED TO EACH CAMPUS TO PROVIDE INSTRUCTIONAL STRATEGIES THAT BENEFIT ALL THE STUDENTS AT EACH CAMPUS. GRANT REQUESTS ARE SUBMITTED BY DISTRICT AND CAMPUS ADMINISTRATION. A FOUNDATION COMMITTEE REVIEWS EACH GRANT REQUEST TO ENSURE THEY FALL WITHIN THE GUIDELINES OF THE FOUNDATION'S MISSION AND ENRICHMENT GUIDELINES. THE COMMITTEE SUBMITS QUALIFYING GRANTS TO THE BOARD FOR APPROVAL. THE BOARD REVIEWS COMMITTEE RECOMMENDATIONS AND BUDGET CONSIDERATIONS AND VOTES ON WHETHER TO APPROVE THE GRANTS.
STUDENT SCHOLARSHIPS PROVIDE OPPORTUNITIES TO AWARD STUDENTS FOR EXCELLENCE IN SCHOOL. STUDENTS SUBMIT APPLICATIONS TO A FOUNDATION COMMITTEE. THE FOUNDATION COMMITTEE REVIEWS EACH APPLICATION TO ENSURE THEY FALL WITHIN THE FOUNDATION'S MISSION AND ENRICHMENT GUIDELINES. THE COMMITTEE APPOINTS THE NOMINATED WINNER. THE BOARD REVIEWS BUDGET CONSIDERATIONS AND VOTES ON WHETHER TO APPROVE THE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Williams Director | OfficerTrustee | 1 | $31,792 |
Erica Dietz VP Grant | OfficerTrustee | 1 | $0 |
Chet Schrader President | OfficerTrustee | 1 | $0 |
Gary Kline Treasurer | OfficerTrustee | 1 | $0 |
Melanie Murray VP Award Programs | OfficerTrustee | 1 | $0 |
Keith Killebrew Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,114 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,964 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $17,058 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $134,000 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,551 |
| Compensation of current officers, directors, key employees. | $4,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,644 |
| Fees for services: Other | $0 |
| Advertising and promotion | $750 |
| Office expenses | $60 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $500 |
| 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 | $1,374 |
| All other expenses | $531 |
| Total functional expenses | $185,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,421 |
| 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 | $4,740 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $963,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,101,284 |
| Accounts payable and accrued expenses | $4,500 |
| Grants payable | $123,000 |
| 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 | $356 |
| Total liabilities | $127,856 |
| Net assets without donor restrictions | $816,951 |
| Net assets with donor restrictions | $156,477 |
| 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 | $1,101,284 |
Grants Awarded
Over the last fiscal year, Argyle Isd Education Foundation Inc has awarded $134,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARGYLE ISD PURPOSE: TEACHERS SALARIES | $120,000 |
ARGYLE ISD PURPOSE: CAMPUS GRANT | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Argyle Isd Education Foundation Inc has recieved totaling $17,975.
| Awarding Organization | Amount |
|---|---|
Coserv Charitable Foundation Corinth, TX PURPOSE: STUDENT SCHOLARSHIPS/TEACHER GRANTS | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,500 |
Bnsf Foundation Fort Worth, TX PURPOSE: MATCHING GIFTS 1 | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $425 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO CIVIC AGENCY | $50 |
Endowment Analysis
| Beg. Balance | $127,671 |
| Earnings | $28,807 |
| Ending Balance | $156,478 |
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 |