Texas City Independent School District Foundation For The Future
- Assets
- $2.0m
- Revenue
- $460.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Texas City, TX
- Founding
- 01/1999
- Data as of
- 08/2021
- EIN
- 76-0575046
Organization Overview
Texas City Independent School District Foundation For The Future is located in Texas City, TX. The organization was established in 1999. 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. Texas City Independent School District Foundation For The Future 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 08/2021, Texas City Independent School District Foundation For The Future generated $460.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $245.8k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 6 years. 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
THE TEXAS CITY INDEPENDENT SCHOOL DISTRICT (TCISD) FOUNDATION FOR THE FUTURE, IN COLLABORATION WITH THE COMMUNITY AND THE SCHOOL DISTRICT, SUPPORTS A QUALITY EDUCATION FOR THE DISTRICT'S STUDENTS BY GENERATING AND DISTRIBUTING RESOURCES TO ENRICH, MAINTAIN AND EXPAND PROGRAMS TO MEET THE DISTRICT'S STATED MISSION OF EXCELLENCE IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AWARDED TO THE TCISD TEACHING FACULTY AND STUDENTS SCHOLARSHIPS - TO RECOGNIZE GRADUATING SENIORS FROM TEXAS CITY HIGH SCHOOL AND LA MARQUE HIGH SCHOOL FOR THEIR COMMUNITY SERVICE AND WHO HAVE A FINANCIAL NEED TO FURTHER THEIR EDUCATION AT A JUNIOR COLLEGE, TECHNICAL SCHOOL OR COMMUNITY COLLEGE.
LEADS - TO PROVIDE SELECT JUNIOR AND SENIOR TEXAS CITY HIGH SCHOOL, LA MARQUE HIGH SCHOOL AND 5 OTHER GALVESTON COUNTY HIGH SCHOOL STUDENTS A LEADERSHIP-TRAINING OPPORTUNITY AND TO DEVELOP FUTURE LEADERSHIP OPPORTUNITIES FOR THE STUDENTS IN CONJUCTION WITH THE LOCAL BUSINESS COMMUNITY. OTHER ORGANIZATION PROGRAMS: HELDING STUDENTS GRADUATE, PROJECTS IN EDUCATION, SCHOOL SUPPLIES INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jami Clark President | OfficerTrustee | 1 | $0 |
Tilly Clark Vice Preside | OfficerTrustee | 1 | $0 |
Rhonda Oyakhire Secretary | OfficerTrustee | 1 | $0 |
Bill Mcgarvey Treasurer | OfficerTrustee | 1 | $0 |
Christina Hall Former Ex Di | Officer | 40 | $0 |
Geny White Executive Di | Officer | 40 | $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 | $289,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,170 |
| Total Program Service Revenue | $13,075 |
| Investment income | $25,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,280 |
| Net Income from Fundraising Events | $96,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $460,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,785 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| 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 | $15,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,338 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,325 |
| Office expenses | $4,116 |
| 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 | $1,720 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,619 |
| All other expenses | $0 |
| Total functional expenses | $245,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $831,863 |
| 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 | $1,137,246 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,969,109 |
| Accounts payable and accrued expenses | $2,713 |
| 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 | $2,713 |
| Net assets without donor restrictions | $157,921 |
| Net assets with donor restrictions | $1,808,475 |
| 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 | $1,969,109 |
Grants Awarded
Over the last fiscal year, Texas City Independent School District Foundation For The Future has awarded $184,785 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS CITY INDEPENDENT SCHOOL DISTR PURPOSE: TEACHER SUPPORT | $162,985 |
TEXAS CITY INDEPENDENT SCHOOL DISTR PURPOSE: TEACHER SUPPORT | $21,800 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Texas City Independent School District Foundation For The Future has recieved totaling $105,828.
| Awarding Organization | Amount |
|---|---|
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: THE INDUSTRIAL TRADE CENTER (ITC) | $100,000 |
Ineos Ican Foundation League City, TX | | $5,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
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 |