Carroll Education Foundation Inc
- Assets
- $635.2k
- Revenue
- $734.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Southlake, TX
- Founding
- 04/1996
- Data as of
- 06/2022
- EIN
- 75-2638646
Organization Overview
Carroll Education Foundation Inc is located in Southlake, TX. The organization was established in 1996. 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 06/2022, Carroll Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll 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 06/2022, Carroll Education Foundation Inc generated $734.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $937.4k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO THE TEACHERS AND STUDENTS OF THE CARROLL INDEPENDENT SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARROLL EDUCATION FOUNDATION'S TEACHER FUND SUPPORTS AND HIGHLIGHTS EDUCATORS WITH BROAD PARENTAL, STUDENT, AND COMMUNITY APPEAL ACROSS ALL 11 CAMPUSES. IN PARTICULAR WE FUND POSITIONS THAT ARE NOT REQUIRED OR SUPPORTED BY THE STATE OF TEXAS YET ARE CRITICAL TO PROVIDING A SUPERIOR EDUCATION TO OUR STUDENTS.
CARROLL EDUCATION FOUNDATION ADMINISTERS SCHOLARSHIPS TO BE AWARDED TO CARROLL ISD HIGH SCHOOL SENIORS AND ALUMNI EACH YEAR TO FURTHER THEIR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Lanier Executive Director | Officer | 40 | $82,500 |
John Irvine Past Board Chair | OfficerTrustee | 1 | $0 |
Lynda Warner Vice Chair | OfficerTrustee | 2 | $0 |
Jackson Williams Secretary | OfficerTrustee | 3 | $0 |
Rebecca Hindman Chair | OfficerTrustee | 20 | $0 |
Douglas Lies Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $202,885 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $692,234 |
| Noncash contributions included in lines 1a–1f | $102,826 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $895,119 |
| Total Program Service Revenue | $0 |
| Investment income | -$27,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$132,673 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $734,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650,000 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,500 |
| Compensation of current officers, directors, key employees. | $28,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,196 |
| Fees for services: Other | $8,883 |
| Advertising and promotion | $10,818 |
| Office expenses | $5,098 |
| Information technology | $6,694 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $600 |
| 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 | $4,084 |
| Insurance | $2,204 |
| All other expenses | $39,076 |
| Total functional expenses | $937,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,508 |
| Savings and temporary cash investments | $0 |
| 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 | $566,693 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $635,201 |
| 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 | $468,551 |
| Net assets with donor restrictions | $166,650 |
| 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 | $635,201 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carroll Education Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Janning Family Foundation Frontenac, MO PURPOSE: CHARITABLE CONTRIBUTIONS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
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 |