Civic Intelligence

Frisco Education Foundation

990 • Fiscal year 2016 • EIN 31-1689773

Aug 01, 2015 to Jul 31, 2016 • Filed on Oct 19, 2016

Organization ProfileWWW.FRISCOEDUCATIONFOUNDATION.ORG
PO Box 567Frisco, TX 75034

(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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.26x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

53rd percentile

2.1%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$3,881,069

Up $78,607 (+2.1%) from 2015

Net Assets

Up

$3,621,625

Up $169,454 (+4.9%) from 2015

Liabilities

Down

$259,444

Down $90,847 (-26%) from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin76th percentile

Revenue

Up

$1,009,226

Up $99,069 (+11%) from 2015

Expenses

Down

$854,632

Down $99,727 (-10%) from 2015

Net Income

Up

$154,594

Up $198,796 (+450%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2016

Assets$3,881,069
Liabilities$259,444
Net Assets$3,621,625
Open 2016 Filing

Operations Trend

Revenue Growth67th percentile

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

2016

Revenue$1,009,226
Expenses$854,632
Net Income$154,594
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Oct 19, 2016
Return Version
2015v2.1
Gross Receipts
$1,055,880
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
Investments in Publicly Traded Securities$2,950,367$3,040,545▲ $90,178
Savings and Temporary Cash Investments$784,412$715,629▼ $68,783
Cash and Non-Interest-Bearing Accounts$57,683$120,145▲ $62,462
Pledges and Grants Receivable$10,000$4,750▼ $5,250
Total Assets$3,802,462$3,881,069▲ $78,607
Liabilities
Other Liabilities$350,291$259,444▼ $90,847
Total Liabilities$350,291$259,444▼ $90,847
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,117,553$2,205,074▲ $87,521
Unrestricted Net Assets$1,162,739$1,100,128▼ $62,611
Temporarily Rstr Net Assets$171,879$316,423▲ $144,544
Total Net Assets Fund Balance$3,452,171$3,621,625▲ $169,454
Total Liabilities and Net Assets / Fund Balance$3,802,462$3,881,069▲ $78,607

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,117,553$87,521▲ $44,500-$2,205,074
2014$2,033,896$156,423▼ $19,766-$2,117,553
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
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Mj PritchardPresident
Bill HayesBoard Member
Christal HowardBoard Member
Cynthia HurleyBoard Member
David BuckBoard Member
David TurnerBoard Member
Geneva PolsterBoard Member
Jesus HiraldoBoard Member
John MillerBoard Member
Lee FreemanBoard Member
Lierin CurryBoard Member
Marie WaltersBoard Member
Michael ElmanBoard 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
Peter BurnsPast Preside
Julie FisherSecretary
Gary CarleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$824,523
Program Service Revenue
$0
Investment Income
$94,094
Other Revenue
$90,609
All Other Contributions
$824,523
Change in Net Assets
$154,594

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,009,226
Revenue Not Reported on Form 990
$58,329
Total Revenue per Audited Statements
$1,067,555
Total Revenue per Form 990
$1,009,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$705,685
Other Expenses$148,947
Total Fundraising Expense$2,385
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$705,685--$705,685
All Other Expenses-$12,811$1,510$14,321
Other Expenses$40,622$12,800$875$12,800
Insurance-$3,188-$3,188
Total Functional Expenses$808,336$43,911$2,385$854,632

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$898,101
Expenses per Audited Statements$854,632
Total Expenses per Form 990$854,632
Expenses Not Reported on Form 990$43,469
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$137,263
Fundraising Direct Expenses$46,654
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gary Burns Fun$137,263$137,263$45,958$91,305
Total Events$137,263$137,263$46,654$90,609
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$259,444
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

Filer Name
Frisco Education Foundation
EIN
31-1689773
Phone
4696336860
Address
PO BOX 567, FRISCO, TX 75034

Signing Officer

Name
Gary Carley
Title
Treasurer
Phone
4696336864
Signed
2016-10-19

Organization Details

Principal Officer
Gary Carley
Formed
1999
Legal Domicile
TX
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
200

Preparer

Firm
Nabors CPA Services Pc
Address
8765 STOCKARD DRIVE SUITE 404, FRISCO, TX 75034-8007
Preparer
R Wayne Nabors CPA
Phone
9724641226
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,881,069
Liabilities
$259,444
Net assets
$3,621,625
Revenue
$1,009,226
Expenses
$854,632
Net income
$154,594
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