Civic Intelligence

Albany Isd Education Foundation Inc

990 • Fiscal year 2021 • EIN 26-3807338

Sep 01, 2020 to Aug 31, 2021 • Filed on Jun 23, 2022

Organization ProfileN/A
P O Box 163Eastland, TX 76448

(325) 762-3974

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

69th percentile

21%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

73%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$4,892,822

Up $840,669 (+21%) from 2020

Net Assets

Up

$4,892,122

Up $839,969 (+21%) from 2020

Liabilities

Up

$700

Up $700 from 2020

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin97th percentile

Revenue

Up

$973,446

Up $410,653 (+73%) from 2020

Expenses

Up

$133,477

Up $62,222 (+87%) from 2020

Net Income

Up

$839,969

Up $348,431 (+71%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2015: $3,081,759Liabilities 2015: $0Net Assets 2015: $3,081,7592015Assets 2016: $3,197,184Liabilities 2016: $0Net Assets 2016: $3,197,1842016Assets 2017: $3,448,720Liabilities 2017: $0Net Assets 2017: $3,448,7202017Assets 2018: $3,646,445Liabilities 2018: $0Net Assets 2018: $3,646,4452018Assets 2019: $3,560,614Liabilities 2019: $0Net Assets 2019: $3,560,6142019Assets 2020: $4,052,153Liabilities 2020: $0Net Assets 2020: $4,052,1532020Assets 2021: $4,892,822Liabilities 2021: $700Net Assets 2021: $4,892,1222021Assets 2022: $4,224,660Liabilities 2022: $0Net Assets 2022: $4,224,6602022Assets 2023: $4,307,186Liabilities 2023: $760Net Assets 2023: $4,306,4262023Assets 2024: $4,384,953Liabilities 2024: $0Net Assets 2024: $4,384,9532024Assets 2025: $4,337,315Liabilities 2025: $0Net Assets 2025: $4,337,3152025

Highlighted filing

2021

Assets$4,892,822
Liabilities$700
Net Assets$4,892,122
Open 2021 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2015: $481,053Expenses 2015: $188,679Net Income 2015: $292,3742015Revenue 2016: $621,634Expenses 2016: $506,208Net Income 2016: $115,4262016Revenue 2017: $763,877Expenses 2017: $512,340Net Income 2017: $251,5372017Revenue 2018: $283,574Expenses 2018: $85,849Net Income 2018: $197,7252018Revenue 2019: $10,752Expenses 2019: $87,579Net Income 2019: -$76,8272019Revenue 2020: $562,793Expenses 2020: $71,255Net Income 2020: $491,5382020Revenue 2021: $973,446Expenses 2021: $133,477Net Income 2021: $839,9692021Revenue 2022: $24,900Expenses 2022: $695,083Net Income 2022: -$670,1832022Revenue 2023: $195,304Expenses 2023: $113,538Net Income 2023: $81,7662023Revenue 2024: $499,974Expenses 2024: $396,827Net Income 2024: $103,1472024Revenue 2025: $394,267Expenses 2025: $441,905Net Income 2025: -$47,6382025

Highlighted filing

2021

Revenue$973,446
Expenses$133,477
Net Income$839,969
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 23, 2022
Return Version
2020v4.1
Gross Receipts
$973,446
Mission and Program Overview

Mission

The organization acts as a supporting organization to Albany Independent School District (a public school district in Texas). Receipts of charitable donations are used for providing grants and aids for the education needs of Albany ISD.

The organization acts as a supporting organization to Albany Independent School District (a public school district in Texas). Receipts of charitable donations are used for providing grants and aids for the

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,730,782$4,702,728▲ $971,946
Savings and Temporary Cash Investments$321,371$190,094▼ $131,277
Total Assets$4,052,153$4,892,822▲ $840,669
Liabilities
Accounts Payable and Accrued Expenses-$700-
Total Liabilities$0$700▲ $700
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,052,153$4,892,122▲ $839,969
Total Net Assets Fund Balance$4,052,153$4,892,122▲ $839,969
Total Liabilities and Net Assets / Fund Balance$4,052,153$4,892,822▲ $840,669
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Robert MontgomeryPresident
Kelly HeadVice President
Cory BrownDirector
Ginny IvyDirector
Joe TidwellDirector
Kim Neece FuentesDirector
Kalico LeechSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,500
Program Service Revenue
$0
Investment Income
$971,946
Other Revenue
$0
All Other Contributions
$1,500
Change in Net Assets
$839,969
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,765
Other Expenses$2,712
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,265--$75,265
Grants to Domestic Individuals$55,500--$55,500
Fees for Services Accounting$0$2,700$0$2,700
Other Expenses$0$12$0$12
Total Functional Expenses$130,765$2,712$0$133,477
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Albany Isd Education Foundation Inc
EIN
26-3807338
Phone
3257623974
Address
P O BOX 163, EASTLAND, TX 76448

Signing Officer

Name
Robert Montgomery
Title
President
Phone
3257623974
Signed
2022-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Montgomery
Formed
2007
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
2

Preparer

Firm
Susan J Schaefer CPA
Address
PO Box 501, Cross Plains, TX 76443
Preparer
Susan Schaefer
Phone
2547256747
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Board of Directors met and reviewed the completed Form 990 before submitting the form to the Internal Revenue Service”

Pt VI, Line 12C

“The Board of Directors requires each member to complete a conflict of interest questionnaire each year to be kept on file at the entity's place of business.”

Pt VI, Line 19

“All documents are available for public inspection upon request at the entity's place of business in accordance with the Freedom of Information Act”

Pt VI, Line 15A

“Not applicable no compensation”

Pt VI, Line 15B

“Not applicable no compensation”

Raw XML Appendix339 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available for public inspection upon request at the entity's place of business in accordance with the Freedom of Information Act
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Not applicable no compensation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Not applicable no compensation
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04892822
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 2050
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076430
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT MONTGOMERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03257623974
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBANY ISD EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBA
ReturnHeader/Filer/EIN0263807338
ReturnHeader/Filer/PhoneNum03257623974
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076448
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Susan J Schaefer CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 501
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cross Plains
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076443
ReturnHeader/PreparerPersonGrp/PhoneNum02547256747
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Susan Schaefer
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-06-28T09:04:46-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MONTGOMERY
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,892,822
Liabilities
$700
Net assets
$4,892,122
Revenue
$973,446
Expenses
$133,477
Net income
$839,969
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.34$0.00$4.34$0.39$0.44$0.05
2024Detailed filing. Detailed filing data is available for this year.$4.38$0.00$4.38$0.50$0.40$0.10
2023Detailed filing. Detailed filing data is available for this year.$4.31$0.00$4.31$0.20$0.11$0.08
2022Detailed filing. Detailed filing data is available for this year.$4.22$0.00$4.22$0.02$0.70$0.67
2021Detailed filing. Detailed filing data is available for this year.$4.89$0.00$4.89$0.97$0.13$0.84
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.05$0.00$4.05$0.56$0.07$0.49
2019Detailed filing. Detailed filing data is available for this year.$3.56$0.00$3.56$0.01$0.09$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.65$0.00$3.65$0.28$0.09$0.20
2017Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$0.76$0.51$0.25
2016Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.20$0.62$0.51$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$0.48$0.19$0.29