Risd Excellence In Education Foundation Inc
- Assets
- $547.9k
- Revenue
- $474.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 08/1984
- Data as of
- 08/2024
- EIN
- 75-1945087
Organization Overview
Risd Excellence In Education Foundation Inc, operating under the name The Richardson Isd Foundation, is located in Richardson, TX. The organization was established in 1984. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. Richardson Isd 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 08/2024, Richardson Isd Foundation generated $474.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $538.0k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Richardson Isd Foundation has awarded 31 individual grants totaling $388,577. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION RAISES FUNDS TO PROVIDE GRANTS AND SUPPORT THAT ENHANCE THE OVERALL LEARNING ENVIRONMENT THROUGHOUT THE DISTRICT, THE INDIVIDUAL SCHOOL CAMPUSES, AND AT EACH CLASSROOM LEVEL. THIS SUPPORT SEEKS TO IMPROVE THE STUDENTS SKILLS AND POSITIVELY IMPACT THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISES FUNDS TO PROVIDE GRANTS AND SUPPORT THAT ENHANCE THE OVERALL LEARNING ENVIRONMENT THROUGHOUT THE DISTRICT, THE INDIVIDUAL SCHOOL CAMPUSES, AND AT EACH CLASSROOM LEVEL. THIS SUPPORT SEEKS TO IMPROVE THE STUDENTS SKILLS AND POSITIVELY IMPACT AND ENCOURAGE THEIR EDUCATIONAL EXCELLENCE, INNOVATION, AND ACADEMIC ACHIEVEMENTS. THROUGH CORPORATE AND PRIVATE FUNDRAISING EFFORTS, THE FOUNDATION ALSO PROVIDES STUDENT SCHOLARSHIPS AND RECOGNITION AWARDS TO RISD STAFF, TEACHERS AND ADMINISTRATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Rosenblum Board Member | Trustee | 0 | $0 |
Gerald Bright Board Member | Trustee | 0 | $0 |
Christian Rider Board Member | Trustee | 0 | $0 |
Tammy Richards Board Member | Trustee | 0 | $0 |
Elizabeth Calvo Board Member | Trustee | 0 | $0 |
Zac Whitley Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,096 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,793 |
| Total Program Service Revenue | $0 |
| Investment income | $11,912 |
| 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 | $474,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $436,816 |
| 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 | $30,973 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,877 |
| Office expenses | $3,913 |
| 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 | $26,003 |
| Total functional expenses | $538,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,375 |
| 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 | $142,954 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $547,897 |
| Accounts payable and accrued expenses | $4,780 |
| 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 | $4,780 |
| Net assets without donor restrictions | $119,177 |
| Net assets with donor restrictions | $423,940 |
| 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 | $547,897 |
Grants Awarded
Over the last fiscal year, Risd Excellence In Education Foundation Inc has awarded $207,688 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE HIGHLANDS HIGH SCHOOL PURPOSE: Grant for academic improvements | $30,700 |
DALLAS COLLEGE - RICHLAND CAMPUS PURPOSE: Student Scholarships | $10,000 |
RICHARDSON INDEPENDENT SCHOOL DISTRICT PURPOSE: Grants to provide resources and experiences that help students and staff achieve academic growth goals | $22,644 |
UNIVERSAL TECHNICAL INSTITUTE PURPOSE: Student Scholarships | $10,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: Student Scholarships | $6,000 |
THE UNIVERSITY OF TEXAS AT DALLAS PURPOSE: Student Scholarships | $7,000 |