Civic Intelligence

Frisco Education Foundation

990 • Fiscal year 2020 • EIN 31-1689773

Aug 01, 2019 to Jul 31, 2020 • Filed on Oct 13, 2020

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.28x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

45th percentile

3.1%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

52nd percentile

6.6%

Faster asset growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

40th percentile

-4.5%

Faster revenue growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$4,469,568

Up $275,464 (+6.6%) from 2019

Net Assets

Up

$4,166,280

Up $187,863 (+4.7%) from 2019

Liabilities

Up

$303,288

Up $87,601 (+41%) from 2019

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin45th percentile

Revenue

Down

$1,072,934

Down $50,739 (-4.5%) from 2019

Expenses

Down

$1,039,904

Down $62,931 (-5.7%) from 2019

Net Income

Up

$33,030

Up $12,192 (+59%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2020

Assets$4,469,568
Liabilities$303,288
Net Assets$4,166,280
Open 2020 Filing

Operations Trend

Revenue Growth40th 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

2020

Revenue$1,072,934
Expenses$1,039,904
Net Income$33,030
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Oct 13, 2020
Return Version
2019v5.0
Gross Receipts
$1,117,636
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$3,486,541$3,620,562▲ $134,021
Savings and Temporary Cash Investments$625,826$740,095▲ $114,269
Cash and Non-Interest-Bearing Accounts$80,133$96,671▲ $16,538
Pledges and Grants Receivable$1,604$7,545▲ $5,941
Accounts Receivable-$4,695-
Total Assets$4,194,104$4,469,568▲ $275,464
Liabilities
Other Liabilities$215,687$303,288▲ $87,601
Total Liabilities$215,687$303,288▲ $87,601
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,014,755$3,060,232▲ $45,477
Net Assets Without Donor Restrictions$963,662$1,106,048▲ $142,386
Total Net Assets Fund Balance$3,978,417$4,166,280▲ $187,863
Total Liabilities and Net Assets / Fund Balance$4,194,104$4,469,568▲ $275,464

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,428,305$52,900▼ $93,775-$2,480,330
2018$2,346,020$82,285▼ $97,200-$2,428,305
2017$2,270,095$75,925▼ $80,400-$2,346,020
2016$2,205,074$65,194▼ $54,800-$2,270,268
2015$2,117,553$87,521▼ $44,500-$2,205,074
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Sunitha CheruvuPresident
Blake HaydonBoard Member
Christal HowardBoard Member
Jody MccaghrenBoard Member
Julie FisherBoard Member
Marie WaltersBoard Member
Mark HillBoard Member
Peter BurnsBoard Member
Renee SampleBoard Member
Steve ElkBoard Member
Tiffany BozemanBoard Member
Wendy GundersonBoard Member
Whitney Brandon FaulknerBoard Member
Cynthia HurleyAssistant Se
Megan Nguyen-trinhAssistant Tr
Geneva PolsterPast Preside
Michael ElmanSecretary
Gary CarleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$998,101
Program Service Revenue
$0
Investment Income
$85,466
Other Revenue
$-10,633
All Other Contributions
$938,101
Change in Net Assets
$33,030

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$65,000
Other Non Cash Contri Table1$14,650
Total Noncash Contributions2$79,650

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,072,934
Total Revenue per Audited Statements
$1,072,934
Total Revenue per Form 990
$1,072,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$828,244
Other Expenses$211,660
Total Fundraising Expense$20,727
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$828,244--$828,244
All Other Expenses$3,664$13,700$20,627$37,991
Other Expenses-$15,000$100$15,000
Insurance-$3,994-$3,994
Total Functional Expenses$831,908$187,269$20,727$1,039,904

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,039,904
Total Expenses per Audited Statements$1,039,904
Total Expenses per Form 990$1,039,904
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$44,702
Fundraising Gross Income$34,069
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gary Burns Fun$94,069$34,069$44,702$-10,633
Total Events$94,069$34,069$44,702$-10,633
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$286,103
Accounts Payable$17,185
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
2020-10-13

Organization Details

Principal Officer
Gary Carley
Formed
1999
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,469,568
Liabilities
$303,288
Net assets
$4,166,280
Revenue
$1,072,934
Expenses
$1,039,904
Net income
$33,030
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
2020Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits