Grapevine Colleyville Isd Education Foundation Inc
- Assets
- $2.5m
- Revenue
- $463.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Grapevine, TX
- Founding
- 06/1998
- Data as of
- 06/2023
- EIN
- 75-2756537
Organization Overview
Grapevine Colleyville Isd Education Foundation Inc is located in Grapevine, TX. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Grapevine Colleyville Isd Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grapevine Colleyville Isd 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 06/2023, Grapevine Colleyville Isd Education Foundation Inc generated $463.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $421.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Grapevine Colleyville Isd Education Foundation Inc has awarded 16 individual grants totaling $740,141. 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
THE GRAPEVINE-COLLEYVILLE EDUCATION FOUNDATION GENERATES AND DISTRIBUTES RESOURCES TO THE GRAPEVINE-COLLEYVILLE INDEPENDENT SCHOOL DISTRICT FOR PROGRAMS AND PROJECTS THAT ENHANCE THE QUALITY OF EDUCATION AND OPPORTUNITIES FOR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MANAGES A PERMANENT ENDOWMENT TO SUPPORT CAMPUS ACTIVITIES, SCHOLARSHIPS, AWARDS, AND OTHER GRANT PROGRAMS. THE ENDOWMENT IS INVESTED IN PUBLICLY TRADED MARKETABLE SECURITIES MANAGED BY PROFESSIONAL INVESTMENT ADVISORS. AN INVESTMENT COMMITTEE MADE UP OF BOARD MEMBERS AND OTHER VOLUNTEERS HIRE THE INVESTMENT ADVISORS AND OVERSEE INVESTMENT AND SPENDING POLICIES. ENDOWMENT EARNINGS ARE UTILIZED FOR THE PURPOSE INTENDED BY THE DONORS.
GRANTS WERE AWARDED FOR CLASSROOM, SCHOOL OR DISTRICT-WIDE PROJECTS WITHIN GCISD. THESE GRANTS ARE FUNDED BY ANNUAL CAMPAIGN DONATIONS, NET PROCEEDS FROM SPECIAL EVENTS, AND DONOR DESIGNATED CONTRIBUTIONS. GRANT PROPOSALS ARE EVALUATED BY A VOLUNTEER COMMITTEE OF BOARD MEMBERS AND COMMUNITY VOLUNTEERS. IN ADDITION, THE FOUNDATION HOSTED TWO SPECIAL EVENTS: A LUNCHEON TO WELCOME NEWLY-HIRED TEACHERS, AND AN ACADEMIC RECOGNITION BANQUET HONORING TOP-RANKED GRADUATING SENIORS, DISTINGUISHED TEACHERS, AND THE GCISD TEACHERS AND PARAPROFESSIONAL OF THE YEAR.
THE FOUNDATION ADMINISTERS A CORPORATE SPONSORSHIP/SPORTS MARKETING PROGRAM ON BEHALF OF THE SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Richards Executive Dir. | Officer | 40 | $82,000 |
Lavon Bolech Secretary | OfficerTrustee | 1 | $0 |
Don Perfect Director | Trustee | 1 | $0 |
Ruth Ann Meek Treasurer | OfficerTrustee | 1 | $0 |
Leann Brown Director | Trustee | 1 | $0 |
Steve Haley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,392 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,084 |
| Noncash contributions included in lines 1a–1f | $257 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,476 |
| Total Program Service Revenue | $32,907 |
| Investment income | $81,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,132 |
| Net Income from Fundraising Events | -$3,284 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,467 |
| Grants and other assistance to domestic individuals. | $25,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,000 |
| Compensation of current officers, directors, key employees. | $4,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,649 |
| Fees for services: Other | $46,010 |
| Advertising and promotion | $31,628 |
| Office expenses | $3,226 |
| Information technology | $5,169 |
| 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 | $26,885 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,396 |
| All other expenses | $257 |
| Total functional expenses | $421,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,299 |
| Savings and temporary cash investments | $110,722 |
| Pledges and grants receivable | $27,868 |
| 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 | $2,235,532 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,504,421 |
| Accounts payable and accrued expenses | $153,054 |
| Grants payable | $8,000 |
| Deferred revenue | $12,000 |
| 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 | $173,054 |
| Net assets without donor restrictions | $638,061 |
| Net assets with donor restrictions | $1,693,306 |
| 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 | $2,504,421 |
Grants Awarded
Over the last fiscal year, Grapevine Colleyville Isd Education Foundation Inc has awarded $74,467 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAPEVINE-COLLEYVILLE ISD PURPOSE: SPECIAL INITIATIVE | $6,216 |
GRAPEVINE-COLLEYVILLE ISD PURPOSE: EDUCATIONAL GRANTS | $68,251 |