Galena Park Isd Education Foundation Inc
- Assets
- $787.5k
- Revenue
- $383.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Galena Park, TX
- Founding
- 05/1998
- Data as of
- 12/2019
- EIN
- 76-0563596
Organization Overview
Galena Park Isd Education Foundation Inc is located in Galena Park, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galena Park 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 12/2019, Galena Park Isd Education Foundation Inc generated $383.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $338.2k during the year ending 12/2019. While expenses have increased by 1.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE AND ALLOCATE RESOURCES ON BEHALF AND FOR THE BENEFIT OF THE STUDENTS AND STAFF OF GALENA PARK INDEPENDENT SCHOOL DISTRICT IN A MANNER THAT SIGNIFICANTLY ENHANCES THE CLASSROOM LEARNING EXPERIENCE, FACILITATES CONTINUED EDUCATIONAL OPPORTUNITIES THROUGH SCHOLARSHIP SUPPORT, AND ENABLES THE FOUNDATION TO SUSTAIN ITS FINANCIAL ABILITY TO CONTINUE ITS MISSION IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVING AND DISTRIBUTING FUNDS, PROPERTY, AND GIFTS EXCLUSIVELY FOR THE BENEFIT OF THE GALENA PARK INDEPENDENT SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Oquin Foundation Director | OfficerTrustee | 40 | $2,500 |
Cathy Ethridge Foundation Coordinator | OfficerTrustee | 28 | $850 |
Yvonne Johnson Foundation Accountant | OfficerTrustee | 5 | $850 |
Brent Hughes President | OfficerTrustee | 1 | $0 |
Owen Sonik Vice President | OfficerTrustee | 1 | $0 |
Mac Mcdermott Treasurer | OfficerTrustee | 1 | $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 | $371,811 |
| Noncash contributions included in lines 1a–1f | $156,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,811 |
| Total Program Service Revenue | $0 |
| Investment income | $13,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,693 |
| Grants and other assistance to domestic individuals. | $57,191 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,627 |
| Compensation of current officers, directors, key employees. | $160,627 |
| 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 | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $370 |
| 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 | $844 |
| All other expenses | $0 |
| Total functional expenses | $338,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,150 |
| Savings and temporary cash investments | $202,103 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,799 |
| 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 | $437,491 |
| Total assets | $787,543 |
| Accounts payable and accrued expenses | $27,510 |
| Grants payable | $26,713 |
| 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 | $54,223 |
| Net assets without donor restrictions | $614,131 |
| Net assets with donor restrictions | $119,189 |
| 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 | $787,543 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Galena Park Isd Education Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Dallas Jewish Community Foundation Dallas, TX PURPOSE: GENERAL PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $436,490 |
| Earnings | $1,001 |
| Ending Balance | $437,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |