Belton Educational Enrichment Foundation
- Assets
- $1.6m
- Revenue
- $750.5k
- Investments
- $1.4m
- Employees
- 3
- Location
- Belton, TX
- Founding
- 05/1996
- Data as of
- 08/2022
- EIN
- 74-2774248
Organization Overview
Belton Educational Enrichment Foundation is located in Belton, TX. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2022, Belton Educational Enrichment Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belton Educational Enrichment 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 08/2022, Belton Educational Enrichment Foundation generated $750.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $509.7k during the year ending 08/2022. While expenses have increased by 12.1% 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.
Since 2015, Belton Educational Enrichment Foundation has awarded 38 individual grants totaling $391,002. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL AND ORGANIZATIONAL SUPPORT TO THE STUDENTS OF BELTON INDEPENDENT SCHOOL DISTRICT IN BELTON TX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 157 COLLEGE SCHOLARSHIPS TO QUALIFIYING GRADUATING STUDENTS OF THE BELTON INDEPENDENT SCHOOL DISTRICT.
PROVIDED TEACHER GRANTS TO 10 DIFFERENT CAMPUSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Mccarthy Director Al/finance | OfficerTrustee | 1 | $0 |
Andy Bass Director/vp Development | OfficerTrustee | 1 | $0 |
Matt Smith Superintendent | OfficerTrustee | 1 | $0 |
Sue Groveunder Director/ Secretary | OfficerTrustee | 1 | $0 |
Allyn Testroet Director/president | OfficerTrustee | 1 | $0 |
Brandon Bozon Director/ VP Finance | OfficerTrustee | 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 | $376,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,013 |
| Total Program Service Revenue | $0 |
| Investment income | $92,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $111,178 |
| Net Income from Fundraising Events | $164,521 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $117,906 |
| Grants and other assistance to domestic individuals. | $349,327 |
| 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 | $10,669 |
| 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 | $2,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,628 |
| Advertising and promotion | $0 |
| Office expenses | $1,563 |
| 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 | $545 |
| All other expenses | $0 |
| Total functional expenses | $509,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,138 |
| Savings and temporary cash investments | $222,401 |
| 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 | $2,073 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,369,655 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,600,267 |
| Accounts payable and accrued expenses | $732 |
| Grants payable | $27,750 |
| 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 | $28,482 |
| Net assets without donor restrictions | $1,571,785 |
| 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 | $1,600,267 |
Grants Awarded
Over the last fiscal year, Belton Educational Enrichment Foundation has awarded $104,436 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BELTON ISD PURPOSE: LIVE APPEAL - LEGO; MIDDLE SCHOOL ROBOTICS PROGRAM; WHAT WE LEAVE BEHIND: EXPLORING HUMAN IMPACT ON WATERSHEDS; TASK BOXES ON LEARNING. | $79,050 |
SOUTHWEST ELEMENTARY SCHOOL PURPOSE: SPANISH JOURNEY OF A GRADUATE, SEL AND UPPER LEVEL NONFICTION BOOKS; GROWING LIFELONG PROFICIENT READERS IN BOOK CLUBS; SPANISH CLASS LIBRARY; WRITE-ON! | $10,004 |
JOE M PIRTLE ELEMENTARY SCHOOL PURPOSE: SCIENCE EXPERIENCE LAB; INTERACTIVE WHITEBOARD; SENSORY LAB; FIRST GRADE INDEPENDENT READING CLASSROOM LIBRARIES. | $7,995 |
MILLER HEIGHTS ELEMENTARY SCHOOL PURPOSE: NON-FICTION BOOKS UPDATE; UPGRADING P.E. EQUIPMENT. | $7,387 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Belton Educational Enrichment Foundation has recieved totaling $74,057.
| Awarding Organization | Amount |
|---|---|
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: HELP WITH COSTS OF PART-TIME ADMINISTRATOR'S SALARY ($18,000) AND 21ST CENTURY ENRICHMENT GRANTS ($20,000) | $38,000 |
Ward Family Foundation Dallas, TX PURPOSE: SCHOLARSHIPS | $30,000 |
Fikes Foundation Temple, TX PURPOSE: FOR GENERAL OPERATION OF THE NON-PROFIT. | $5,000 |
Frank W & Sue Mayborn Foundation Temple, TX PURPOSE: GENERAL PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Endowment Analysis
| Beg. Balance | $1,774,316 |
| Earnings | -$241,037 |
| Admin Expense | $36,151 |
| Net Contributions | $570,432 |
| Other Expense | $35,191 |
| Grants | $467,233 |
| Ending Balance | $1,565,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |