Midland Isd Education Foundation
- Assets
- $3.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 75-2330628
Organization Overview
Midland Isd Education Foundation is located in Midland, TX. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Midland 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, Midland Isd Education Foundation generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Midland Isd Education Foundation has awarded 109 individual grants totaling $21,888,957. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS FOR CURRENT AND FUTURE EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR INNOVATIVE CLASSROOM TEACHING - GRANTS ARE AWARDED TO MISD SCHOOL DISCRETIONARY ACCOUNTS TO PROVIDE RESOURCES TO IMPLEMENT INNOVATIVE CLASSROOM INSTRUCTIONAL CONTENT, MATERIALS, RESOURCES, AND PROCESSES FOR EVALUATING THE ATTAINMENT OF UNIQUE EDUCATIONAL OBJECTIVES. GRANTS ARE AWARDED BASED ON REVIEW OF APPLICATIONS FROM TEACHERS AND PRINCIPALS REGARDING SPECIFIC CRITERIA. EACH CLASSROOM LEARNING PROJECT SUPPORTED HAS A FOLLOW UP REVIEW OF THE OUTCOME OF THE IMPLEMENTATION OF THE INSTRUCTION.
GRANTS FOR EDUCATION - GRANTS ARE PAID AS SCHOLARSHIPS TO COLLEGES, UNIVERSITIES AND CAREER DEVELOPMENT COURSE PROVIDERS TO ASSIST EMPLOYEES WITH THE FINANCIAL COSTS ASSOCIATED WITH CAREER DEVELOPMENT AND ADVANCED EDUCATION FOR CLASSROOM TEACHING. SCHOLARSHIPS ARE ALSO AWARDED BY APPROVED APPLICATION FOR STUDENTS WHO PLAN TO PURSUE DEGREES IN EDUCATION AND FOR TOP ACADEMIC SCHOLARS IN THE CURRENT GRADUATING CLASS BASED ON CLASS GRADE POINT RANKING. GRANTS AND SCHOLARSHIPS PER PERSON ARE CAPPED AT AN ANNUAL BUDGET LIMIT SET BY THE BOARD OF DIRECTORS. TEACHERS AND EMPLOYEES RECEIVING SCHOLARSHIPS ARE REQUIRED TO REPORT ON THE PROGRESS OF THEIR PURSUIT OF AN ADVANCED EDUCATION.
DESIGNATED GRANTS - GRANTS ARE FOR SPECIFIC PROJECTS TO MEET AN EDUCATION GOAL OR NEED BY THE SCHOOL DISTRICT BY PROVIDING FUNDING NOT AVAILABLE THROUGH TRADITIONAL LOCAL, STATE OR FEDERAL SOURCES. PROJECTS RECEIVING GRANT FUNDING ARE TYPICALLY BASED ON A COLLABORATION OF MISD TEACHERS AND ADMINISTRATORS, FOUNDATION BOARD OF DIRECTORS AND COMMUNITY AND BUSINESS LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Archie Ditto President | OfficerTrustee | 0 | $0 |
Brian Stubbs Vice President | OfficerTrustee | 0 | $0 |
Whitney Groves Secretary | OfficerTrustee | 0 | $0 |
Roy Geer Treasurer | OfficerTrustee | 0 | $0 |
Dr Stephanie Howard None | Trustee | 0 | $0 |
Micheal Booker None | Trustee | 0 | $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 | $2,700,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,700,352 |
| Total Program Service Revenue | $0 |
| Investment income | $67,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,221 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,808,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,720,357 |
| Grants and other assistance to domestic individuals. | $779,097 |
| 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 | $0 |
| 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 | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,221 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,459 |
| 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 | $2,717 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,857 |
| All other expenses | $2,564 |
| Total functional expenses | $2,642,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,674,442 |
| Savings and temporary cash investments | $2,038,896 |
| 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 | $3,713,338 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $3,713,338 |
| Total liabilities and net assets/fund balances | $3,713,338 |
Grants Awarded
Over the last fiscal year, Midland Isd Education Foundation has awarded $1,715,357 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MIDLAND INDEPENDENT SCHOOL DISTRICT PURPOSE: PURSUING TEACHING CAREER DEVELOPMENT GOALS | $1,510,239 |
MIDLAND COLLEGE PURPOSE: PURSUING A DEGREE IN HIGHER EDUCATION | $19,868 |
THE OHIO STATE UNIVERSITY PURPOSE: PURSUING A DEGREE IN HIGHER EDUCATION | $6,500 |
TEXAS TECH PURPOSE: PURSUING A DEGREE IN HIGHER EDUCATION | $17,750 |
ANGELO STATE UNIVERSITY PURPOSE: PURSUING A DEGREE IN HIGHER EDUCATION | $36,000 |
TEXAS A&M COLLEGE STATION PURPOSE: PURSUING A DEGREE IN HIGHER EDUCATION | $9,000 |