Wylie Bulldogs Education Foundation
- Assets
- $1.4m
- Revenue
- $241.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 80-0594530
Organization Overview
Wylie Bulldogs Education Foundation is located in Abilene, TX. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Wylie Bulldogs 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 12/2022, Wylie Bulldogs Education Foundation generated $241.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $162.4k during the year ending 12/2022. While expenses have increased by 17.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WYLIE BULLDOGS EDUCATION FOUNDATION HAS A MISSION OF COLLECTING AND DISTRIBUTING GIFTS TO PROMOTE EXCELLENCE IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED UNIVERSITY SCHOLARSHIPS TO 9 GRADUATING SENIORS. ALL ELIGIBLE SENIORS ARE INVITED TO APPLY. TO BE ELIGIBLE, THE APPLICANT MUST HAVE ATTENDED WYLIE HIGH SCHOOL THEIR ENTIRE SENIOR YEAR AND HAVE MAINTAINED A "B" AVERAGE. A COMMITTEE CONSISTING OF 7 COMMUNITY AND BOARD MEMBERS EVALUATE THE CANDIDATES BASED ON FINANCIAL NEED, GPA/ACT/SAT SCORES, REFERENCES, SCHOOL/COMMUNITY/WORK INVOLVEMENT, LEADERSHIP SKILLS AND AN ESSAY. THE SCHOLARSHIP CHECKS ARE MAILED DIRECTLY TO THE REGISTRAR'S OFFICE OF THE UNIVERSITY FOR THE BENEFIT OF THE AWARDED STUDENT.
THE FOUNDATION MADE FUNDS AVAILABLE FOR INFORMATION TECHNOLOGY NEEDS ACROSS WYLIE INDEPENDENT SCHOOL DISTRICT CAMPUSES. THESE NEEDS INCLUDE THE HIGH SCHOOL CAREER AND TECHNICAL EDUCATION (CTE) PROGRAM, AND FUNING FOR THE NEW WYLIE EAST INTERMEDIATE SCHOOL CAMPUS.
THE FOUNDATION AWARDED 29 TEACHER GRANTS. ALL FULL TIME TEACHERS IN WYLIE ISD ARE ELIGIBLE AND ENCOURAGED TO APPLY. A COMMITTEE OF 7 COMMUNITY AND BOARD MEMBERS EVALUATE THE CANDIDATES' REQUEST BASED ON THE POTENTIAL TO INVOLVE A GREAT NUMBER OF STUDENTS AND CONSISTENCY WITH WYLIE ISD'S GOAL OF INCREASING STUDENT ACHIEVEMENT. THE MAJOR OBJECTIVES OF THE REQUEST ARE EVALUATED FOR DEFINABLE AND OBTAINABLE OBJECTIVES AND RESPONSIVENESS TO A STATED NEED. THE ACTIVITIES/IMPLEMENTATION PLAN IS EVALUATED TO ASSURE THAT THE PROJECT'S METHODS ARE RESEARCH BASED AND ARE INSTRUCTIONALLY SOUND. METHODS FOR EVALUATION OF THE COMPLETED PROJECT ARE REQUIRED.THE TEACHER GRANT CHECKS ARE MAILED DIRECTLY TO WYLIE ISD'S ACCOUNTANT FOR THE BENEFIT OF THE AWARDED TEACHERS. THE TEACHERS PURCHASE ITEMS APPROVED IN THE GRANT AND PRESENT RECEIPTS FOR REIMBURSEMENT TO WYLIE ISD.
THE FOUNDATION WELCOMED 70 NEW TEACHERS TO WYLIE ISD BEFORE SCHOOL STARTED. HENDRICK HEALTH TEAMS UP WITH THE FOUNDATION TO PROVIDE A LUNCHEON FOR THE NEW TEACHERS AND THE ADMINISTRATORS FROM EACH CAMPUS. THE FOUNDATION PRESENTS A $100 MARDEL'S GIFT CARD TO EACH NEW TEACHER TO HELP FURNISH THEIR NEW CLASSROOM. THE FOUNDATION RELATES ITS PURPOSE AND THE AVAILABILITY OF TEACHER GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Rentz President | OfficerTrustee | 5 | $0 |
Denise Blake Vice President | OfficerTrustee | 3 | $0 |
Samantha Miers Director | Trustee | 1 | $0 |
Joey Light Director | Trustee | 1 | $0 |
Mashelle Ancell Director | Trustee | 1 | $0 |
Ricky Bacon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,838 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,838 |
| Total Program Service Revenue | $0 |
| Investment income | $29,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,096 |
| Net Income from Fundraising Events | $1,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,933 |
| Grants and other assistance to domestic individuals. | $64,705 |
| 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 | $1,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,018 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,707 |
| Office expenses | $30,248 |
| 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 | $550 |
| All other expenses | $0 |
| Total functional expenses | $162,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,501 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,243,126 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,378,627 |
| 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 | $1,378,627 |
| 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 | $1,378,627 |