Farmersville Education Foundation Inc
- Assets
- $183.0k
- Revenue
- $74.5k
- Investments
- $73.0k
- Employees
- 0
- Location
- Farmersville, TX
- Founding
- Data as of
- 12/2023
- EIN
- 75-2853427
Organization Overview
Farmersville Education Foundation Inc is located in Farmersville, TX. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmersville 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 12/2023, Farmersville Education Foundation Inc generated $74.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $87.4k during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 5 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.
Since 2020, Farmersville Education Foundation Inc has awarded 109 individual grants totaling $251,332. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL COLLEGE TUITION SCHOLARSHIPS AWARDED TO GRADUATING SENIORS AT FARMERSVILLE HIGH SCHOOL, FARMERSVILLE, TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Overstreet President | 2 | $0 | |
Mike Hurst Vice President | 2 | $0 | |
Ra Tedford Treasurer | 2 | $0 | |
Kailyn Tedford Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,151 |
| Interest on Savings | $2,876 |
| Dividends & Interest | $2,507 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $530 |
| Total operating and administrative expenses | $1,080 |
| Contributions, gifts, grants paid | $86,332 |
| Total expenses and disbursements | $87,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $110,014 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $183,036 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $22,386 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,386 |
Grants Awarded
Over the last fiscal year, Farmersville Education Foundation Inc has awarded $86,332 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CARDON JAMES PURPOSE: TO ASSIST WITH COLLEGE TUITIONTO ASSIST WITH COLLEGE TUITION | $2,000 |
DERRICK TUCKER PURPOSE: TO ASSIST WITH COLLEGE TUITION | $8,500 |
DICKERSON FRANCES PURPOSE: TO ASSIST WITH COLLEGE TUITION | $3,000 |
FRESNILLO NATALIE PURPOSE: TO ASSIST WITH COLLEGE TUITION | $2,000 |
GRAWBOWSKI MAKAYLA PURPOSE: TO ASSIST WITH COLLEGE TUITION | $7,500 |
HAMM AUBREY PURPOSE: TO ASSIST WITH COLLEGE TUITION | $1,000 |