Civic Intelligence

Frisco Education Foundation

990 • Fiscal year 2021 • EIN 31-1689773

Aug 01, 2020 to Jul 31, 2021 • Filed on Nov 16, 2021

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

45th percentile

0.05x

Higher debt load relative to assets than 45% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.23x

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

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

Net Margin

48th percentile

11%

Higher net margin than 48% 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

52nd percentile

10%

Faster asset growth than 52% of similar nonprofits.

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

Revenue Growth

26th percentile

-3.8%

Faster revenue growth than 26% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$4,925,953

Up $456,385 (+10%) from 2020

Net Assets

Up

$4,690,199

Up $523,919 (+13%) from 2020

Liabilities

Down

$235,754

Down $67,534 (-22%) from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin48th percentile

Revenue

Down

$1,031,886

Down $41,048 (-3.8%) from 2020

Expenses

Down

$914,105

Down $125,799 (-12%) from 2020

Net Income

Up

$117,781

Up $84,751 (+257%) from 2020

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

2021

Assets$4,925,953
Liabilities$235,754
Net Assets$4,690,199
Open 2021 Filing

Operations Trend

Revenue Growth26th 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

2021

Revenue$1,031,886
Expenses$914,105
Net Income$117,781
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Nov 16, 2021
Return Version
2020v4.1
Gross Receipts
$1,037,860
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$3,620,562$4,102,748▲ $482,186
Savings and Temporary Cash Investments$740,095$603,682▼ $136,413
Cash and Non-Interest-Bearing Accounts$96,671$217,523▲ $120,852
Pledges and Grants Receivable$7,545--
Accounts Receivable$4,695$2,000▼ $2,695
Total Assets$4,469,568$4,925,953▲ $456,385
Liabilities
Other Liabilities$286,103$222,946▼ $63,157
Accounts Payable and Accrued Expenses$17,185$12,808▼ $4,377
Total Liabilities$303,288$235,754▼ $67,534
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,060,232$3,627,949▲ $567,717
Net Assets Without Donor Restrictions$1,106,048$1,062,250▼ $43,798
Total Net Assets Fund Balance$4,166,280$4,690,199▲ $523,919
Total Liabilities and Net Assets / Fund Balance$4,469,568$4,925,953▲ $456,385
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Sunitha CheruvuPast President
Renee SamplePresident
Michael SimmonsPresident Elect
Blake HaydonBoard Member
DeAdrian MaddoxBoard Member
Hank WilliamsBoard Member
James CollinsBoard Member
Jody McCaghrenBoard Member
Mark HillBoard Member
Peter BurnsBoard Member
Steve ElkBoard Member
Thara VaranasiBoard Member
Wendy GundersonBoard Member
David TurnerAsst Treasurer
Whitney Brandon FaulknerBoared Member
Dr Erin ReynoldsSecretary
Megan Nguyen-TrinhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$842,619
Program Service Revenue
$0
Investment Income
$176,077
Other Revenue
$13,190
All Other Contributions
$842,619
Change in Net Assets
$117,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$789,996
Other Expenses$124,109
Total Fundraising Expense$8,133
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$789,996--$789,996
Fees for Services Accounting-$15,500-$15,500
Other Expenses$5,000$41,386$8,133$8,133
Insurance-$3,969-$3,969
Total Functional Expenses$794,996$110,976$8,133$914,105
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,164
Fundraising Direct Expenses$5,974
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gary Burns$18,164$17,164$5,974$11,190
Total Events$18,164$17,164$5,974$11,190
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarship Liabilities$222,946
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 governing body review Part VI line 11

“Form 990 reviewed by the Director and Board Treasurer.”

Conflict of interest policy compliance 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.”

Governing documents etc available to public 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
Address
PO Box 567, Frisco, TX 75034

Signing Officer

Name
Renee Sample
Title
President
Phone
4696336860
Signed
2021-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Sample
Formed
1999
Legal Domicile
TX
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
200

Preparer

Firm
Nabors CPA Services PC
Address
8765 Stockard Drive Suite 404, Frisco, TX 75034
Preparer
R Wayne Nabors CPA
Phone
9724641226
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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Scholarship Liabilities
IRS990ScheduleD/TotalLiabilityAmt0222946
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt01000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05974
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gary Burns
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 reviewed by the Director and Board Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members are required to disclose conflicts of interest each year and abstain from voting in such instances where a conflict exists.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information is provided upon request. There may be an administrative fee for copies.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04469568
IRS990/TotalAssetsEOYAmt04925953
IRS990/TotalAssetsGrp/BOYAmt04469568

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,925,953
Liabilities
$235,754
Net assets
$4,690,199
Revenue
$1,031,886
Expenses
$914,105
Net income
$117,781
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
2021Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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