Civic Intelligence

Frisco Education Foundation

990 • Fiscal year 2024 • EIN 31-1689773

Aug 01, 2023 to Jul 31, 2024 • Filed on Aug 23, 2024

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

34th percentile

0.04x

Higher debt load relative to assets than 34% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.20x

Higher debt load relative to revenue than 54% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

54th percentile

6.0%

Faster asset growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

4.3%

Faster revenue growth than 43% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$5,301,506

Up $301,988 (+6.0%) from 2023

Net Assets

Up

$5,080,856

Up $299,775 (+6.3%) from 2023

Liabilities

Up

$220,650

Up $2,213 (+1.0%) from 2023

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin66th percentile

Revenue

Up

$1,128,837

Up $46,860 (+4.3%) from 2023

Expenses

Up

$978,933

Up $27,132 (+2.9%) from 2023

Net Income

Up

$149,904

Up $19,728 (+15%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth54th 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 2024: $5,301,506Liabilities 2024: $220,650Net Assets 2024: $5,080,8562024Assets 2025: $5,731,031Liabilities 2025: $242,012Net Assets 2025: $5,489,0192025

Highlighted filing

2024

Assets$5,301,506
Liabilities$220,650
Net Assets$5,080,856
Open 2024 Filing

Operations Trend

Revenue Growth43rd 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 2024: $1,128,837Expenses 2024: $978,933Net Income 2024: $149,9042024Revenue 2025: $1,439,150Expenses 2025: $1,207,045Net Income 2025: $232,1052025

Highlighted filing

2024

Revenue$1,128,837
Expenses$978,933
Net Income$149,904
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Aug 23, 2024
Return Version
2023v5.1
Gross Receipts
$1,128,837
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$3,626,679$3,957,992▲ $331,313
Savings and Temporary Cash Investments$736,512$749,552▲ $13,040
Cash and Non-Interest-Bearing Accounts$621,812$567,918▼ $53,894
Accounts Receivable$14,515$26,044▲ $11,529
Total Assets$4,999,518$5,301,506▲ $301,988
Liabilities
Other Liabilities$218,437$220,650▲ $2,213
Total Liabilities$218,437$220,650▲ $2,213
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,634,865$3,840,188▲ $205,323
Net Assets Without Donor Restrictions$1,146,216$1,240,668▲ $94,452
Total Net Assets Fund Balance$4,781,081$5,080,856▲ $299,775
Total Liabilities and Net Assets / Fund Balance$4,999,518$5,301,506▲ $301,988

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,758,137$77,055▲ $123,500-$2,835,192
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
Compensation and Service Providers
Top Officer Pay22nd 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
Jody DaleyBoard Member
Lindsay TeagueBoard Member
Lori McCaghrenBoard Member
Thor AndersonBoard Member
Erin ReynoldsAssistant Secretary
David TurnerAsst Treasurer
Michael ElmanSecretary
Megan Nguyen-TrinhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$944,781
Program Service Revenue
$0
Investment Income
$184,056
Other Revenue
$0
All Other Contributions
$944,781
Change in Net Assets
$149,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$779,729
Other Expenses$199,204
Total Fundraising Expense$43,166
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$779,729--$779,729
All Other Expenses$1,260$39,896-$41,156
Other Expenses$6,117$35,901$25,393$25,393
Fees for Services Accounting-$17,592-$17,592
Insurance-$995-$995
Total Functional Expenses$787,106$148,661$43,166$978,933
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$220,650
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
2024-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Sample
Formed
1999
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
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/OtherExpensesGrp/Desc2Admin Expenses
IRS990/OtherExpensesGrp/Desc3Scholarship Night
IRS990/OtherExpensesGrp/FundraisingAmt017773
IRS990/OtherExpensesGrp/FundraisingAmt125393
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt054277
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt135901
IRS990/OtherExpensesGrp/ProgramServicesAmt06117
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IRS990/OtherExpensesGrp/TotalAmt325393
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Renee Sample
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0906437
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0737137
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IRS990/PYOtherRevenueAmt050033
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IRS990/PYTotalRevenueAmt01081977
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IRS990/ReconcilationRevenueExpnssAmt0149904
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0736512
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0749552
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0944781
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0899437
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01043553
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0842619
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0998101
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04728491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0184056
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0125507
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0107292
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt055706
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt085466
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0558027
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt057033
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt018164
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt034069
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0109266
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0184056
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IRS990ScheduleA/InvestmentIncomeCYPct00.10000
IRS990ScheduleA/InvestmentIncomePYPct00.10000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89660
IRS990ScheduleA/PublicSupportPY509Pct00.90470
IRS990ScheduleA/PublicSupportTotal509Amt04837757
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0944781
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0956470
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01043553
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0860783
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01032170
IRS990ScheduleA/Total509Grp/TotalAmt04837757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01128837
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01081977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01150845
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0916489
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01117636
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05395784
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt077055
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02835192
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0123500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0123500
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt077763
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02680374
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt053340
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt099350
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt052025
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt092900
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0220650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Scholarship Liabilities
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalLiabilityAmt0220650
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/SignificantChangeInd0false
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IRS990/TaxableDistributionsInd0false

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,301,506
Liabilities
$220,650
Net assets
$5,080,856
Revenue
$1,128,837
Expenses
$978,933
Net income
$149,904
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
2024Detailed filing. Detailed filing data is available for this year.$5.30$0.22$5.08$1.13$0.98$0.15
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