Midway Isd Education Foundation
- Assets
- $3.7m
- Revenue
- $434.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Woodway, TX
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 74-2914982
Organization Overview
Midway Isd Education Foundation is located in Woodway, TX. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Midway Isd Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midway Isd 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 12/2023, Midway Isd Education Foundation generated $434.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $256.1k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MIDWAY ISD EDUCATION FOUNDATION IS TO GENERATE AND DISTRIBUTE RESOURCES TO THE MIDWAY INDEPENDENT SCHOOL DISTRICT FOR CREATIVE OR INNOVATIVE PROGRAMS AND PROJECTS THAT ENHANCE THE QUALITY OF EDUCATION FOR OUR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSROOM GRANT PROGRAMS - THE FOUNDATION PROVIDES FUNDS TO ENHANCE EDUCATIONAL PROGRAMS AND ACTIVITIES THAT ARE OUTSIDE THE SCOPE OF THE TYPICAL SCHOOL BUDGET. GRANTS FOR GREAT IDEAS ALLOWS CLASSROOM TEACHERS TO REQUEST FUNDS TO IMPLEMENT CREATIVE AND INNOVATIVE LEARNING PROGRAMS AT ALL CAMPUSES IN THE MIDWAY INDEPENDENT SCHOOL DISTRICT. GRANTS ARE NOT PAID TO THE INDIVIDUAL TEACHERS, BUT TO THE DISTRICT ITSELF. SEVENTY-NINE GRANTS TOTALING $157,907 WERE AWARDED IN 2023 AND UTILIZED ON ALL CAMPUSES WITHIN THE DISTRICT.
SHOWCASE OF STARS ACADEMIC RECOGNITION PRESENTATION - HONORS THE HIGHEST-ACHIEVING SCHOLARS FROM THE CURRENT SENIOR CLASS. EACH STUDENT SELECTS A TEACHER FROM THE DISTRICT WHO HAS MADE THE BIGGEST IMPACT ON THEIR ACADEMIC SUCCESS. FIFTY SENIOR SCHOLARS WERE HONORED ALONG WITH FIFTY TEACHERS AT THE 2023 PRESENTATION.
ACADEMIC LETTER JACKETS - MIDWAY HIGH SCHOOL STUDENTS CAN LETTER IN ACADEMICS THROUGH THIS PROGRAM THAT HONORS STUDENTS WHO CONSISTENTLY ACHIEVE HIGH GRADE POINT AVERAGES. STUDENTS MAINTAINING A GPA OF 95 OR HIGHER FOR THREE CONSECUTIVE SEMESTERS RECEIVE AN ACADEMIC PATCH. STUDENTS QUALIFYING FOR THIS HONOR FIVE SEMESTERS IN A ROW MAY EARN ANOTHER PATCH OR A LETTER JACKET IF THEY DO NOT ALREADY OWN ONE. DURING 2023, 45 ACADEMIC LETTER JACKETS, 302 ACADEMIC PATCHES AND FIVE SPECIAL OLYMPICS JACKETS WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Miller Past President | OfficerTrustee | 1 | $0 |
James Rainey President | OfficerTrustee | 1 | $0 |
Eric Shero VP - Development | OfficerTrustee | 1 | $0 |
Anna Johnson VP - Special Events | OfficerTrustee | 1 | $0 |
Erin Dubois VP - Administration | OfficerTrustee | 1 | $0 |
Glenda Strum Secretary | 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 | $371,153 |
| Noncash contributions included in lines 1a–1f | $17,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,153 |
| Total Program Service Revenue | $0 |
| Investment income | $62,453 |
| 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 | $962 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,544 |
| Grants and other assistance to domestic individuals. | $24,230 |
| 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 | $27,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,201 |
| Advertising and promotion | $5,191 |
| Office expenses | $34,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,261 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,418 |
| All other expenses | $1,979 |
| Total functional expenses | $256,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,732 |
| Savings and temporary cash investments | $3,390,096 |
| Pledges and grants receivable | $132,350 |
| 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 | $3,713,178 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $130,333 |
| 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 | $130,333 |
| Net assets without donor restrictions | $3,440,105 |
| Net assets with donor restrictions | $142,740 |
| 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 | $3,713,178 |