Irving Schools Foundation
- Assets
- $4.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Irving, TX
- Founding
- 10/1986
- Data as of
- 12/2021
- EIN
- 75-2072755
Organization Overview
Irving Schools Foundation is located in Irving, TX. The organization was established in 1986. 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 12/2021, Irving Schools Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irving Schools 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 12/2021, Irving Schools Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 4.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE IRVING SCHOOLS FOUNDATION PROVIDES FINANCIAL RESOURCES TO MAXIMIZE EDUCATIONAL OPPORTUNITIES FOR TEACHERS AND STUDENTS IN IRVING ISD BY FUNDING INNOVATIVE PROGRAMS, SCHOLARSHIPS, AND ACTIVITIES THAT ENHANCE CREATIVITY, LEADERSHIP, AND ACADEMIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRVING SCHOOLS FOUNDATION (ISF) PROVIDES FINANCIAL RESOURCES TO MAXIMIZE EDUCATIONAL OPPORTUNITIES FOR TEACHERS AND STUDENTS IN IRVING INDEPENDENT SCHOOL DISTRICT. THE ORGANIATION HAS DIFFERENT PROGRAMS TO ACCOMPLISH THIS GOAL. FOOD FOR THOUGHT TO HELP ENSURE IRVING ISD STUDENTS ARE EQUIPPED FOR SUCCESS, WE TEAM UP WITH COMMUNITY BUSINESSES AND ORGANIZATIONS TO COLLECT AND DISTRIBUTE FOOD TO STUDENTS IN NEED. OUR GOAL IS TO ELIMINATE HUNDER AMONG THE STUDENTS OF IRVING ISD. C2C STORE COMMUNITY TO CLASSROOM STORE - THE STORE WITHOUT A CASH REGISTER - FOR IRVING STAFF TO COME AND GET FREE SUPPLIES THROUGHOUT THE YEAR. FREE SCHOOL SUPPLIES, BACKPAKS, AND UNIFORMS ARE JUST SOME OF THE ITEMS OFFERED. SUPPLIES FOR SUCCESS ISF PARTNERS WITH THE COMMUNITY TO COLLECT BACKPACKS AND SCHOOL SUPPLIES EACH YEAR FOR THE NEEDIEST STUDENTS IN THE DISTRICT. THOSE FAMILIES ARE INVITED TO ATTEND AN ANNUAL BACK TO SCHOOL EVENT TO RECEIVE FREE SCHOOL SUPPLIES, DENTAL AND VISION SCREENINGS, IMMUNIZATIONS, AND THE OPPORTUNITY TO MEET OVER 40 AGENCIES WHO PROVIDE PROGRAMS AND SERVICES. CARING & SHARING THE COMMUNITY IS INVITED TO PARTICIPATE IN AN ANNUAL TRADITION TO HELP STUDENTS IN NEED DURING THE HOLIDAY SEASON. EACH YEAR, ISF PARTNERS WITH FIVE IRVING ISD PROGRAMS WHO SERVE THE NEEDIEST STUDENTS IN OUR COMMUNITY. ANTI-BULLYING WEEK EACH YEAR, ISF STRIVES TO PROVIDE A FRAMEWORK AND RESOURCES FOR THE IISD STUDENTS TO REINFORCE AN ANTI-BULLYING CULTURE. WE ARE INTENTIONAL IN SPONSORING A CAMPAIGN THAT CONVEYS THE GREAT VALUE OF EACH STUDENT, REINFORCES THAT WORDS, CHOICES, AND ACTIONS HAVE AN IMPACT BEYOND THE MOMENT, AND PROVIDED TARGETED EDUCATION FOR BOTH STUDENTS AND TEACHERS. SCHOLARSHIPS THE ORGANIZATION AWARDS COLLEGE AND CONTINUING EDUCATION SCHOLARSHIPS TO IRVING ISD SENIORS AND DISTRICT EMPLOYEES. THE IMMEDIATE AND LONG-TERM BENEFIT OF THE ISF SCHOLARSHIP PROGRAM IS REMARKABLE - MANY STUDENTS WHO HAVE WON SCHOLARSHIPS HAVE GONE ON TO IMPRESSIVE ACADEMIC AND PROFESSIONAL CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Scanio President & | Officer | 40 | $177,399 |
Michael Huebner General Coun | Officer | 5 | $13,000 |
Max Duplant Director/tre | OfficerTrustee | 5 | $0 |
Andrew Licon Director/pas | OfficerTrustee | 5 | $0 |
Phil Meaders Director/cha | OfficerTrustee | 5 | $0 |
Sarah Thomas Director/cha | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,300 |
| Related organizations | $0 |
| Government grants | $40,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,452,599 |
| Noncash contributions included in lines 1a–1f | $220,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,564,599 |
| Total Program Service Revenue | $0 |
| Investment income | $90,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,849 |
| Net Income from Fundraising Events | -$151,019 |
| Net Income from Gaming Activities | $14,972 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,594,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,426 |
| Grants and other assistance to domestic individuals. | $743,542 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,943 |
| Compensation of current officers, directors, key employees. | $75,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,037 |
| Pension plan accruals and contributions | $3,123 |
| Other employee benefits | $0 |
| Payroll taxes | $20,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,914 |
| Fees for services: Accounting | $52,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,792 |
| Fees for services: Other | $10,028 |
| Advertising and promotion | $12,370 |
| Office expenses | $10,623 |
| Information technology | $15,070 |
| Royalties | $0 |
| Occupancy | $276 |
| Travel | $13 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,182 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,529 |
| Insurance | $3,038 |
| All other expenses | $995 |
| Total functional expenses | $1,372,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,329 |
| Savings and temporary cash investments | $96,365 |
| Pledges and grants receivable | $7,500 |
| Accounts receivable, net | $21,936 |
| Loans from Officers, Directors, or Controlling Persons | $166 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,007 |
| Net Land, buildings, and equipment | $23,297 |
| Investments—publicly traded securities | $4,386,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,782 |
| Total assets | $4,819,527 |
| Accounts payable and accrued expenses | $76,357 |
| 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 | $76,357 |
| Net assets without donor restrictions | $521,784 |
| Net assets with donor restrictions | $4,221,386 |
| 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 | $4,819,527 |
Grants Awarded
Over the last fiscal year, Irving Schools Foundation has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Irving Schools Foundation has recieved totaling $162,617.
| Awarding Organization | Amount |
|---|---|
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $55,000 |
Belmont Foundation Dallas, TX PURPOSE: SCHOLARSHIPS FOR ATHLETE STUDENTS | $38,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $34,401 |
Bioworld Foundation Inc Irving, TX PURPOSE: FUNDING FOR INNOVATIVE PROGRAMS, SCHOLARSHIPS, AND ACTIVITIES THAT ENHANCE CREATIVITY, LEARNING, AND ACADEMIC SUCCESS FOR IRVING ISD STUDENTS. | $13,000 |
Trusted World Foundation Garland, TX PURPOSE: LIVING ASSISTANCE | $7,164 |
Trusted World Foundation Garland, TX PURPOSE: LIVING ASSISTANCE | $6,165 |
Endowment Analysis
| Beg. Balance | $2,430,946 |
| Earnings | $131,834 |
| Net Contributions | $205,744 |
| Grants | $127,400 |
| Ending Balance | $2,641,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |