La Porte Education Foundation
- Assets
- $1.2m
- Revenue
- $293.2k
- Investments
- $0.0
- Employees
- 1
- Location
- La Porte, TX
- Founding
- 09/1993
- Data as of
- 07/2021
- EIN
- 76-0407788
Organization Overview
La Porte Education Foundation is located in La Porte, TX. The organization was established in 1993. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. LA Porte 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 07/2021, LA Porte Education Foundation generated $293.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $304.2k during the year ending 07/2021. While expenses have increased by 5.6% 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
GRANTS PROVIDED TO TEACHERS TO FUND INNOVATIVE, CREATIVE, INSTRUCTIONAL PROJECTS FOR STUDENTS AND TEACHERS TO FUND SCHOLARSHIPS TO STUDENTS IN LA PORTE ISD SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL ASSISTANCE TO TEACHERS AND STUDENTS IN THE LOCAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Pennye Executive Director | Officer | 40 | $100,539 |
Brian Kinkopf Treasurer | Officer | 1 | $0 |
Stan Lewis Secretary | Officer | 1 | $0 |
Frank Nance At-Large | Officer | 1 | $0 |
Brock Bihm President | Officer | 1 | $0 |
Christopher Clinton VP Of Development | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,621 |
| Investment income | $12,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$32,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,250 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $98,561 |
| Pension plan accruals and contributions | $520 |
| Other employee benefits | $0 |
| Payroll taxes | $1,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $597 |
| Advertising and promotion | $3,167 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $911 |
| All other expenses | $0 |
| Total functional expenses | $304,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,428 |
| 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 |
| Investments—publicly traded securities | $1,107,893 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,180,321 |
| 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 |
| Total liabilities and net assets/fund balances | $1,180,321 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that La Porte Education Foundation has recieved totaling $45,529.
| Awarding Organization | Amount |
|---|---|
Kaneka Foundation Pasadena, TX PURPOSE: GENERAL SUPPORT | $15,000 |
Ineos Ican Foundation League City, TX | | $5,900 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $5,625 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $5,625 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $5,625 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $5,625 |
Endowment Analysis
| Beg. Balance | $426,030 |
| Earnings | $22,325 |
| Grants | $212,496 |
| Ending Balance | $235,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Firstline Schools Inc New Orleans, LA | $25,158,781 | $60,437,770 |
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |