Risd Excellence In Education Foundation Inc
- Assets
- $580.1k
- Revenue
- $565.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Richardson, TX
- Founding
- 08/1984
- Data as of
- 08/2021
- EIN
- 75-1945087
Organization Overview
Risd Excellence In Education Foundation Inc 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. As of 08/2021, Risd Excellence In Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Risd Excellence In 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 08/2021, Risd Excellence In Education Foundation Inc generated $565.3k 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 (4.1%) each year. All expenses for the organization totaled $659.6k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Risd Excellence In Education Foundation Inc has awarded 13 individual grants totaling $180,889. 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
TO PROVIDE SUPPLEMENTAL ENRICHMENT TO THE EDUCATIONAL PROGRAMS OF THE RICHARDSON, TEXAS INDEPENDENT SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RISD EXCELLENCE IN EDUCATION FOUNDATION, INC. PROVIDES FUNDS TO ENRICH THE EDUCATIONAL PROGRAMS AT SCHOOLS IN THE RICHARDSON, TEXAS ISD. NEARLY 40,000 STUDENTS WHO LIVE IN RICHARDSON, DALLAS AND GARLAND RECEIVE EDUCATIONAL BENEFITS FROM VARIOUS PROGRAMS.
AWARDS, GRANTS, AND SCHOLARSHIPS: AMOUNTS RANGING FROM 100 TO 10,000 ARE AWARDED TO TEACHERS, ADMINISTRATORS, AND SCHOOLS IN THE RICHARDSON INDEPENDENT SCHOOL DISTRICT WHO HAVE ESTABLISHED PROGRAMS THAT GREATLY ENHANCE THE PERFORMANCE OF THEIR STUDENTS; AND TO STUDENTS WHO HAVE DISTINGUISHED THEMSELVES THROUGH ACADEMIC ACHIEVEMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Conroy Ex President & CEO | OfficerTrustee | 40 | $95,481 |
Johnnie Bocanegra Board Secretary | OfficerTrustee | 1 | $0 |
J Douglas Burnside Chairman | OfficerTrustee | 1 | $0 |
Richard Ramey Treasurer | OfficerTrustee | 1 | $0 |
Dr Carolyn G Bukhair Vice Chair Education Progr | OfficerTrustee | 1 | $0 |
Carolyn Anderson Newham Vice Chair Non-Profit Coll | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,561 |
| Total Program Service Revenue | $0 |
| Investment income | $5,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $565,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $383,046 |
| Grants and other assistance to domestic individuals. | $87,595 |
| 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 | $56,366 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,312 |
| Fees for services: Management | $92,264 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,834 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,096 |
| Office expenses | $0 |
| 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 | $630 |
| All other expenses | $12,226 |
| Total functional expenses | $659,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,624 |
| Savings and temporary cash investments | $253,473 |
| 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 |
| 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 | $580,097 |
| Accounts payable and accrued expenses | $7,001 |
| 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 | $12,500 |
| Total liabilities | $19,501 |
| Net assets without donor restrictions | $86,402 |
| Net assets with donor restrictions | $474,194 |
| 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 | $580,097 |
Grants Awarded
Over the last fiscal year, Risd Excellence In Education Foundation Inc has awarded $180,889 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
RICHARDSON ISD PURPOSE: RISD EXCELLENCE IN EDUCATION FOUNDATION, INC. PROVIDES FUNDS TO ENRICH THE EDUCATIONAL PROGRAMS AT SCHOOLS IN THE RICHARDSON, TEXAS ISD. APPROXIMATELY 40,000 STUDENTS WHO LIVE IN RICHARDSON, DALLAS AND GARLAND RECEIVE EDUCATIONAL BENEFITS FROM VARIOUS PROGRAMS. | $64,500 |
LAKE HIGHLANDS HIGH SCHOOL PURPOSE: GRANT FOR ACADEMIC IMPROVEMENTS | $35,389 |
TEXAS A & M UNIVERSITY PURPOSE: STUDENT SCHOLARSHIPS | $17,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: STUNDENT SCHOLARSHIPS | $11,500 |
OGLE SCHOOL HAIR SKIN & NAILS PURPOSE: STUDENT SCHOLARSHIPS | $10,000 |
Richardson, TX PURPOSE: GRANT FOR PALETTE JACK | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Risd Excellence In Education Foundation Inc has recieved totaling $88,948.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $67,050 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $14,181 |
Trusted World Foundation Garland, TX PURPOSE: LIVING ASSISTANCE | $7,712 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $158,888 |
| Earnings | $15,009 |
| Admin Expense | $1,834 |
| Net Contributions | $29,639 |
| Ending Balance | $201,702 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Schools For Baton Rouge Baton Rouge, LA | $18,000,510 | $11,219,034 |
Texas Institute Of Graduate Medical Education And Research San Antonio, TX | $5,873,285 | $12,825,627 |
Portico Education Foundation Carrollton, TX | $2,396,287 | $5,783,858 |
Youth Force Nola New Orleans, LA | $5,195,075 | $5,408,027 |
Texas Association Of School Administrators Austin, TX | $4,673,285 | $5,966,291 |
Texas Restaurant Association Austin, TX | $11,924,378 | $5,929,472 |
Texas Charter Schools Association Austin, TX | $5,399,898 | $5,059,843 |
Walton Education Coalition Inc Bentonville, AR | $905,003 | $3,450,000 |
Louisiana Restaurant Association Inc Metairie, LA | $9,314,228 | $3,239,510 |
Fort Worth Education Partnership Inc Fort Worth, TX | $6,170,741 | $4,613,145 |
Uni-Bell Pvc Pipe Association Irving, TX | $1,260,616 | $2,106,268 |
Americans For Fair Treatment Inc Oklahoma City, OK | $1,029,037 | $2,472,942 |