Civic Intelligence

Frisco Education Foundation

990 • Fiscal year 2014 • EIN 31-1689773

Aug 01, 2013 to Jul 31, 2014 • Filed on Nov 13, 2014

Organization ProfileWWW.FRISCOISD.ORG/LY/COMMUNITY/FEF
PO Box 56775034

(469) 633-6860

Siviq Scores

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

Liabilities / Assets

44th percentile

0.07x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

57th percentile

0.15x

Higher debt load relative to revenue than 57% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

90th percentile

42%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$3,869,078

Up $1,141,928 (+42%) from 2013

Net Assets

Up

$3,588,276

Up $1,156,482 (+48%) from 2013

Liabilities

Down

$280,802

Down $14,554 (-4.9%) from 2013

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin94th percentile

Revenue

$1,816,424

No earlier filing loaded for comparison.

Expenses

Down

$726,375

Down $15,498 (-2.1%) from 2013

Net Income

$1,090,049

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,641,963Liabilities 2012: $266,692Net Assets 2012: $2,375,2712012Assets 2013: $2,727,150Liabilities 2013: $295,356Net Assets 2013: $2,431,7942013Assets 2014: $3,869,078Liabilities 2014: $280,802Net Assets 2014: $3,588,2762014Assets 2015: $3,802,462Liabilities 2015: $350,291Net Assets 2015: $3,452,1712015Assets 2016: $3,881,069Liabilities 2016: $259,444Net Assets 2016: $3,621,6252016Assets 2018: $4,242,048Liabilities 2018: $246,631Net Assets 2018: $3,995,4172018Assets 2019: $4,194,104Liabilities 2019: $215,687Net Assets 2019: $3,978,4172019Assets 2020: $4,469,568Liabilities 2020: $303,288Net Assets 2020: $4,166,2802020Assets 2021: $4,925,953Liabilities 2021: $235,754Net Assets 2021: $4,690,1992021Assets 2022: $4,688,334Liabilities 2022: $222,338Net Assets 2022: $4,465,9962022Assets 2023: $4,999,518Liabilities 2023: $218,437Net Assets 2023: $4,781,0812023Assets 2025: $5,731,031Liabilities 2025: $242,012Net Assets 2025: $5,489,0192025

Highlighted filing

2014

Assets$3,869,078
Liabilities$280,802
Net Assets$3,588,276
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $645,6112012Expenses 2013: $741,8732013Revenue 2014: $1,816,424Expenses 2014: $726,375Net Income 2014: $1,090,0492014Revenue 2015: $910,157Expenses 2015: $954,359Net Income 2015: -$44,2022015Revenue 2016: $1,009,226Expenses 2016: $854,632Net Income 2016: $154,5942016Revenue 2018: $1,214,333Expenses 2018: $1,176,950Net Income 2018: $37,3832018Revenue 2019: $1,123,673Expenses 2019: $1,102,835Net Income 2019: $20,8382019Revenue 2020: $1,072,934Expenses 2020: $1,039,904Net Income 2020: $33,0302020Revenue 2021: $1,031,886Expenses 2021: $914,105Net Income 2021: $117,7812021Revenue 2022: $1,147,545Expenses 2022: $947,848Net Income 2022: $199,6972022Revenue 2023: $1,081,977Expenses 2023: $951,801Net Income 2023: $130,1762023Revenue 2025: $1,439,150Expenses 2025: $1,207,045Net Income 2025: $232,1052025

Highlighted filing

2014

Revenue$1,816,424
Expenses$726,375
Net Income$1,090,049
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2013 to Jul 31, 2014
Signed
Nov 13, 2014
Return Version
2013v3.1
Gross Receipts
$1,898,584
Mission and Program Overview

Mission

To provide scholarships to graduating high school students in the frisco independent school district. The foundation also supports educational programs and educators in the district through grants for great ideas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,796,899$2,910,699▲ $1,113,800
Cash and Non-Interest-Bearing Accounts$908,201$942,182▲ $33,981
Pledges and Grants Receivable$22,050$16,197▼ $5,853
Total Assets$2,727,150$3,869,078▲ $1,141,928
Liabilities
Other Liabilities$295,356$280,802▼ $14,554
Total Liabilities$295,356$280,802▼ $14,554
Net Assets / Fund Balance
Permanently Rstr Net Assets$874,570$2,033,896▲ $1,159,326
Unrestricted Net Assets$1,407,085$1,344,140▼ $62,945
Temporarily Rstr Net Assets$150,139$210,240▲ $60,101
Total Net Assets Fund Balance$2,431,794$3,588,276▲ $1,156,482
Total Liabilities and Net Assets / Fund Balance$2,727,150$3,869,078▲ $1,141,928

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$926,463$1,122,772▲ $17,661-$2,033,896
2012$824,965$76,181▲ $5,424-$874,570
2011$756,316$84,715▲ $11,327-$825,858
2010$597,027$151,102▲ $8,293-$756,316
2009$537,201$67,649▲ $14,677-$597,027
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Peter BurnsPresident
Mj SpensePresident-el
Bill HayesBoard Member
Bill PittengerBoard Member
Cynthia HurleyBoard Member
David TurnerBoard Member
Geneva PolsterBoard Member
Jesus HiraldoBoard Member
Julia JohnsonBoard Member
Julie FisherBoard Member
Lee FreemanBoard Member
Lierin CurryBoard Member
Michael SimmonsBoard Member
Ortega PittmanBoard Member
Sandy HanselBoard Member
Sunitha CheruvuBoard Member
Tiffany BozemanBoard Member
Tom CockeBoard Member
Velisse WilliamsBoard Member
Whitney Newman-brubakerBoard Member
Allen BiehlSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,766,755
Program Service Revenue
$0
Investment Income
$19,344
Other Revenue
$30,325
All Other Contributions
$1,713,455
Change in Net Assets
$1,090,049

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$43,300
Total Noncash Contributions1$43,300

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,816,424
Revenue Not Reported on Form 990
$7,143
Total Revenue per Audited Statements
$1,823,567
Total Revenue per Form 990
$1,816,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$670,574
Other Expenses$55,801
Total Fundraising Expense$10,979
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$670,574--$670,574
All Other Expenses$9,352$1,639$1,857$12,848
Other Expenses$8,617$1,465$9,122$8,617
Total Functional Expenses$712,292$3,104$10,979$726,375

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$726,375
Total Expenses per Audited Statements$726,375
Total Expenses per Form 990$726,375
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$112,485
Fundraising Direct Expenses$82,160
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$165,785$112,485$81,604$30,881
Total Events$165,785$112,485$82,160$30,325
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable$280,802
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 reviewed by the director and board treasurer.”

Form 990, Page 6, Part VI, Line 12C

“All board members are required to disclose conflicts of interest each year and abstain from voting in such instances where a conflict exists.”

Form 990, Page 6, Part VI, Line 19

“Information is provided upon request. There may be an administrative fee for copies.”

Filing and Contact Details

Filer

EIN
31-1689773
Phone
4696336860

Signing Officer

Name
Peter Burns
Title
President
Phone
4696336860
Signed
2014-11-13

Organization Details

Principal Officer
Peter Burns
Formed
1999
Legal Domicile
TX
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
200

Preparer

Preparer
R Wayne Nabors CPA
Phone
9724641226
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“RESTATEMENT 59,290”

Raw XML AppendixShowing 400 of 522 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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IRS990/MissionDesc0TO PROVIDE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS IN THE FRISCO INDEPENDENT SCHOOL DISTRICT. THE FOUNDATION ALSO SUPPORTS EDUCATIONAL PROGRAMS AND EDUCATORS IN THE DISTRICT THROUGH GRANTS FOR GREAT IDEAS.
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IRS990/OtherExpensesGrp/Desc0OFFICE EXPENSES
IRS990/OtherExpensesGrp/Desc1ACCOUNTING AUDIT
IRS990/OtherExpensesGrp/Desc2IT'S A WONDERFUL LIFE
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PETER BURNS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/ReconcilationRevenueExpnssAmt01090049
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0134291
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0141034
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0102298
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019344
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt015532
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030670
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0114017
IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt029325
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt050503
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0108044
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt033000
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,869,078
Liabilities
$280,802
Net assets
$3,588,276
Revenue
$1,816,424
Expenses
$726,375
Net income
$1,090,049
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$0.24$5.49$1.44$1.21$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.00$0.22$4.78$1.08$0.95$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.69$0.22$4.47$1.15$0.95$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$0.24$4.69$1.03$0.91$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.30$4.17$1.07$1.04$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$0.22$3.98$1.12$1.10$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$0.25$4.00$1.21$1.18$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.88$0.26$3.62$1.01$0.85$0.15
2015Detailed filing. Detailed filing data is available for this year.$3.80$0.35$3.45$0.91$0.95$0.04
2014Detailed filing. Detailed filing data is available for this year.$3.87$0.28$3.59$1.82$0.73$1.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.30$2.43$0.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.27$2.38$0.65