Pasadena I S D Education Foundation Inc
- Assets
- $2.0m
- Revenue
- $610.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, TX
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 76-0727697
Organization Overview
Pasadena I S D Education Foundation Inc is located in Pasadena, TX. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Pasadena I S D 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 12/2022, Pasadena I S D Education Foundation Inc generated $610.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $428.5k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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 2022, Pasadena I S D Education Foundation Inc has awarded 17 individual grants totaling $192,404. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PASADENA ISD EDUCATION FOUNDATION IS TO COLLABORATE WITH THE SCHOOL DISTRICT AND COMMUNITY TO REWARD INNOVATIVE TEACHING, PROMOTE EDUCATIONAL EXCELLENCE, AND PROVIDE OPPORTUNITIES TO RECOGNIZE THE STUDENTS AND STAFF OF THE PASADENA INDEPENDENT SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINI-GRANTS WERE GRANTED TO TEACHERS FOR SPECIAL EXTRA PROJECTS TO GIVE TO THE STUDENTS A HANDS-ON EXPERIENCE NOT AVALIABLE IN THE REGULAR CLASSROOM BUDGET.
SPECIAL GRANTS TO SCHOOLS OR PROJECTS WITH FUNDS DONATED TO THE FOUNDATION SPECIFICALLY FOR THOSE SCHOOLS OR PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Richardson Admin Assistant/staff | Trustee | 1 | $8,400 |
Denise Burleigh Director-At-Large | OfficerTrustee | 1 | $0 |
Ginny Wagner VP Development | OfficerTrustee | 1 | $0 |
Dr Deeann Powell Secretary | OfficerTrustee | 1 | $0 |
Jack Bailey Treasurer | OfficerTrustee | 1 | $0 |
Judy Harrison Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $412,140 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,793 |
| Noncash contributions included in lines 1a–1f | $3,487 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $807,933 |
| Total Program Service Revenue | $0 |
| Investment income | $13,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$211,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $610,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $328,213 |
| Grants and other assistance to domestic individuals. | $45,500 |
| 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 | $4,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,480 |
| Fees for services: Other | $8,400 |
| Advertising and promotion | $15,200 |
| Office expenses | $339 |
| Information technology | $1,316 |
| 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 | $10,873 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,157 |
| All other expenses | $0 |
| Total functional expenses | $428,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,910 |
| Savings and temporary cash investments | $967,385 |
| 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 | $729,971 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,012,266 |
| Accounts payable and accrued expenses | $2 |
| 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 |
| Net assets without donor restrictions | $2,012,264 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,012,266 |
Grants Awarded
Over the last fiscal year, Pasadena I S D Education Foundation Inc has awarded $192,404 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH HOUSTON HIGH SCHOOL PURPOSE: MINI GRANT | $20,608 |
PASADENA HIGH SCHOOL PURPOSE: MINI GRANT | $15,639 |
LOMAX MIDDLE SCHOOL PURPOSE: MINI GRANT | $14,620 |
TEGELER CAREER CENTER PURPOSE: MINI GRANT | $14,179 |
BUSH ELEMENTRY PURPOSE: MINI GRANT | $14,138 |
KENDRICK MIDDLE SCHOOL PURPOSE: MINI GRANT | $13,790 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pasadena I S D Education Foundation Inc has recieved totaling $50,187.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $49,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |