Civic Intelligence

Frisco Education Foundation

990 • Fiscal year 2023 • EIN 31-1689773

Aug 01, 2022 to Jul 31, 2023 • Filed on Nov 13, 2023

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

0.04x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.20x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

56th percentile

6.6%

Faster asset growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-5.7%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$4,999,518

Up $311,184 (+6.6%) from 2022

Net Assets

Up

$4,781,081

Up $315,085 (+7.1%) from 2022

Liabilities

Down

$218,437

Down $3,901 (-1.8%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin65th percentile

Revenue

Down

$1,081,977

Down $65,568 (-5.7%) from 2022

Expenses

Up

$951,801

Up $3,953 (+0.4%) from 2022

Net Income

Down

$130,176

Down $69,521 (-35%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2023

Assets$4,999,518
Liabilities$218,437
Net Assets$4,781,081
Open 2023 Filing

Operations Trend

Revenue Growth30th 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

2023

Revenue$1,081,977
Expenses$951,801
Net Income$130,176
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$1,088,977
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$3,841,053$3,626,679▼ $214,374
Savings and Temporary Cash Investments$763,000$736,512▼ $26,488
Cash and Non-Interest-Bearing Accounts$80,531$621,812▲ $541,281
Accounts Receivable$3,750$14,515▲ $10,765
Total Assets$4,688,334$4,999,518▲ $311,184
Liabilities
Other Liabilities$222,338$218,437▼ $3,901
Total Liabilities$222,338$218,437▼ $3,901
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,501,503$3,634,865▲ $133,362
Net Assets Without Donor Restrictions$964,493$1,146,216▲ $181,723
Total Net Assets Fund Balance$4,465,996$4,781,081▲ $315,085
Total Liabilities and Net Assets / Fund Balance$4,688,334$4,999,518▲ $311,184

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,680,374$77,763▲ $114,950-$2,758,137
2021$2,533,670$146,704▲ $108,600-$2,680,374
2020$2,480,330$53,340▲ $99,350-$2,533,670
2019$2,428,305$52,025▲ $92,900-$2,480,330
2018$2,346,020$82,285▲ $97,200-$2,428,305
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Renee SampleImmediate Past President
Michael SimmonsPresident
Peter BurnsPresident Eect
Dawn RichardsonBoard Member
Dustin PaschalBoard Member
Francis LammesBoard Member
Genisha HandyBoard Member
James CollinsBoard Member
Jennifer FlorenceBoard Member
Jody DaleyBoard Member
Keith MaddoxBoard Member
Lindsay TeagueBoard Member
Lori McCaghrenBoard Member
Shawn WillsBoard Member
Thor AndersonBoard Member
Erin ReynoldsAssistant Secretary
David TurnerAsst Treasurer
Michael ElmanSecretary
Megan Nguyen-TrinhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$906,437
Program Service Revenue
$0
Investment Income
$125,507
Other Revenue
$50,033
All Other Contributions
$906,437
Change in Net Assets
$130,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$737,137
Other Expenses$214,664
Total Fundraising Expense$68,071
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$737,137--$737,137
All Other Expenses$5,411$40,528-$45,939
Other Expenses$1,500$22,650$38,906$38,906
Fees for Services Accounting-$18,000-$18,000
Insurance-$4,074-$4,074
Total Functional Expenses$744,048$139,682$68,071$951,801
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$57,033
Fundraising Direct Expenses$7,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lifes a Beac$57,033$57,033$7,000$50,033
Total Events$57,033$57,033$7,000$50,033
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$218,437
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
Michael Simmons
Title
President
Phone
4696336860
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Sample
Formed
1999
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
0

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/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/FundraisingAmt029165
IRS990/OtherExpensesGrp/FundraisingAmt138906
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt054430
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Renee Sample
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0130176
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0842619
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt057033
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt034069
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt040778
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IRS990ScheduleA/InvestmentIncomeCYPct00.10000
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02680374
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt077763
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02758137
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0114950
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0114950
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0146704
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0108600
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt053340
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02533670
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt099350
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt099350
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02428305
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt052025
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,999,518
Liabilities
$218,437
Net assets
$4,781,081
Revenue
$1,081,977
Expenses
$951,801
Net income
$130,176
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
2023Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $1M-$5M nonprofits