Civic Intelligence

Frisco Education Foundation

990 • Fiscal year 2022 • EIN 31-1689773

Aug 01, 2021 to Jul 31, 2022 • Filed on Oct 08, 2022

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

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

65th percentile

0.19x

Higher debt load relative to revenue than 65% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

30th percentile

-4.8%

Faster asset growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$4,688,334

Down $237,619 (-4.8%) from 2021

Net Assets

Down

$4,465,996

Down $224,203 (-4.8%) from 2021

Liabilities

Down

$222,338

Down $13,416 (-5.7%) from 2021

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin67th percentile

Revenue

Up

$1,147,545

Up $115,659 (+11%) from 2021

Expenses

Up

$947,848

Up $33,743 (+3.7%) from 2021

Net Income

Up

$199,697

Up $81,916 (+70%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2022

Assets$4,688,334
Liabilities$222,338
Net Assets$4,465,996
Open 2022 Filing

Operations Trend

Revenue Growth57th 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

2022

Revenue$1,147,545
Expenses$947,848
Net Income$199,697
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Oct 8, 2022
Return Version
2021v4.2
Gross Receipts
$1,147,545
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$4,102,748$3,841,053▼ $261,695
Savings and Temporary Cash Investments$603,682$763,000▲ $159,318
Cash and Non-Interest-Bearing Accounts$217,523$80,531▼ $136,992
Accounts Receivable$2,000$3,750▲ $1,750
Total Assets$4,925,953$4,688,334▼ $237,619
Liabilities
Other Liabilities$222,946$222,338▼ $608
Accounts Payable and Accrued Expenses$12,808--
Total Liabilities$235,754$222,338▼ $13,416
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,627,949$3,501,503▼ $126,446
Net Assets Without Donor Restrictions$1,062,250$964,493▼ $97,757
Total Net Assets Fund Balance$4,690,199$4,465,996▼ $224,203
Total Liabilities and Net Assets / Fund Balance$4,925,953$4,688,334▼ $237,619

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,480,330$53,340▲ $99,350-$2,533,670
2020$2,428,305$52,025▲ $92,900-$2,480,330
2019$2,346,020$82,285▲ $97,200-$2,428,305
2018$2,270,095$75,925▲ $80,400-$2,346,020
2017$2,205,074$65,194▲ $54,800-$2,270,268
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
Sadaf HaqBoard 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
$959,862
Program Service Revenue
$0
Investment Income
$187,683
Other Revenue
$0
All Other Contributions
$959,862
Change in Net Assets
$199,697

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,147,545
Revenue Not Reported on Form 990
$-382,791
Total Revenue per Audited Statements
$764,754
Total Revenue per Form 990
$1,147,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$794,954
Other Expenses$152,894
Total Fundraising Expense$37,522
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$794,954--$794,954
All Other Expenses$9,017$28,638-$37,655
Other Expenses$2,771$11,110$37,522$37,522
Fees for Services Accounting-$8,150-$8,150
Insurance-$2,476-$2,476
Total Functional Expenses$806,742$103,584$37,522$947,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,012,848
Expenses per Audited Statements$947,848
Total Expenses per Form 990$947,848
Expenses Not Reported on Form 990$65,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarship Liabilities$222,338
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
2022-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Sample
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
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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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01094990
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt040778
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt055564
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IRS990ScheduleA/InvestmentIncomePYPct00.08000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01150554
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt092900
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IRS990ScheduleD/ExpensesNotReportedAmt065000
IRS990ScheduleD/ExpensesSubtotalAmt0947848

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,688,334
Liabilities
$222,338
Net assets
$4,465,996
Revenue
$1,147,545
Expenses
$947,848
Net income
$199,697
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
2022Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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