Civic Intelligence

Krum Isd Education Foundation Inc

990 • Fiscal year 2017 • EIN 45-4736881

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 11, 2018

Organization ProfileWWW.KRUMISDEDUCATIONFOUNDATION.ORG
1200 Bobcat BoulevardKrum, TX 76249

(940) 482-2706

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.12x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.68x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

19th percentile

-22%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-70%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$189,739

Down $53,006 (-22%) from 2016

Net Assets

Up

$166,855

Up $5,188 (+3.2%) from 2016

Liabilities

Down

$22,884

Down $58,194 (-72%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin67th percentile

Revenue

Down

$33,596

Down $79,724 (-70%) from 2016

Expenses

Down

$29,464

Down $60,945 (-67%) from 2016

Net Income

Down

$4,132

Down $18,779 (-82%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2015: $138,756Liabilities 2015: $0Net Assets 2015: $138,7562015Assets 2016: $242,745Liabilities 2016: $81,078Net Assets 2016: $161,6672016Assets 2017: $189,739Liabilities 2017: $22,884Net Assets 2017: $166,8552017Assets 2018: $230,706Liabilities 2018: $23,486Net Assets 2018: $207,2202018Assets 2019: $303,039Liabilities 2019: $28,279Net Assets 2019: $274,7602019Assets 2020: $371,198Liabilities 2020: $30,552Net Assets 2020: $340,6462020Assets 2021: $460,862Liabilities 2021: $8,096Net Assets 2021: $452,7662021Assets 2022: $480,068Liabilities 2022: $37,987Net Assets 2022: $442,0812022Assets 2023: $612,708Liabilities 2023: $62,898Net Assets 2023: $549,8102023Assets 2024: $766,666Liabilities 2024: $65,970Net Assets 2024: $700,6962024Assets 2025: $837,434Liabilities 2025: $76,262Net Assets 2025: $761,1722025

Highlighted filing

2017

Assets$189,739
Liabilities$22,884
Net Assets$166,855
Open 2017 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0Revenue 2015: $212,143Expenses 2015: $115,843Net Income 2015: $96,3002015Revenue 2016: $113,320Expenses 2016: $90,409Net Income 2016: $22,9112016Revenue 2017: $33,596Expenses 2017: $29,464Net Income 2017: $4,1322017Revenue 2018: $78,990Expenses 2018: $38,625Net Income 2018: $40,3652018Revenue 2019: $124,911Expenses 2019: $57,371Net Income 2019: $67,5402019Revenue 2020: $111,085Expenses 2020: $45,199Net Income 2020: $65,8862020Revenue 2021: $175,561Expenses 2021: $63,441Net Income 2021: $112,1202021Revenue 2022: $144,647Expenses 2022: $90,098Net Income 2022: $54,5492022Revenue 2023: $186,856Expenses 2023: $108,452Net Income 2023: $78,4042023Revenue 2024: $180,647Expenses 2024: $85,885Net Income 2024: $94,7622024Revenue 2025: $168,867Expenses 2025: $160,920Net Income 2025: $7,9472025

Highlighted filing

2017

Revenue$33,596
Expenses$29,464
Net Income$4,132
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 11, 2018
Return Version
2016v3.0
Gross Receipts
$59,003
Mission and Program Overview

Mission

The mission of the krum isd education foundation is to bring stakeholders together to financially support exceptional educational experiences.

The foundation was created to support excellence in education by providing supplemental funds for enrichment purposes in designated program areas not otherwise funded by krum isd.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$216,066$173,395▼ $42,671
Pledges and Grants Receivable$26,679$10,254▼ $16,425
Prepaid Expenses and Deferred Charges-$6,090-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$242,745$189,739▼ $53,006
Other Assets Total-$0-
Liabilities
Grants Payable$81,078$18,034▼ $63,044
Deferred Revenue-$4,250-
Accounts Payable and Accrued Expenses-$600-
Total Liabilities$81,078$22,884▼ $58,194
Net Assets / Fund Balance
Unrestricted Net Assets$81,355$142,850▲ $61,495
Permanently Rstr Net Assets$80,312$24,005▼ $56,307
Total Net Assets Fund Balance$161,667$166,855▲ $5,188
Total Liabilities and Net Assets / Fund Balance$242,745$189,739▼ $53,006

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$25,000---$25,000
2015-$25,000--$25,000
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
STACY McDANIELChairman
Linda MooreVice Chair
Chris FarmerDirector
Cody CarrollDirector
Dan ReedDirector
Jason LabrumDirector
Johnna SheltonSecretary
Tammy FulopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,838
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$11,758
All Other Contributions
$21,838
Change in Net Assets
$4,132

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,596
Total Revenue per Audited Statements
$33,596
Total Revenue per Form 990
$33,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$22,149
Other Expenses$7,315
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$19,336--$19,336
Office Expenses-$3,006-$3,006
Advertising-$2,981-$2,981
Grants to Domestic Individuals$2,813--$2,813
Fees for Services Accounting-$1,200-$1,200
Other Expenses-$128-$128
Total Functional Expenses$22,149$7,315$0$29,464

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,464
Total Expenses per Audited Statements$29,464
Total Expenses per Form 990$29,464
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Krum Independent School DistKrum, TX-Provide Supplemental Program Funds$16,536
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,165
Fundraising Direct Expenses$25,407
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Casino Night$37,165$37,165$18,212$18,953
Total Events$37,165$37,165$25,407$11,758
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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, Part VI, Line 11B: Form 990 Review Process

“Tax return is reviewed and approved by the treasurer before filing”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Krum Isd Education Foundation Inc
EIN
45-4736881
Phone
9404822706
Address
1200 BOBCAT BOULEVARD, KRUM, TX 76249

Signing Officer

Name
STACY McDANIEL
Title
Chairman
Signed
2018-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
STACY McDANIEL
Formed
2013
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Hankins Eastup Deaton Tonn & Seay PC CPAS
Address
PO BOX 977, DENTON, TX 76202-0977
Preparer
Carl M Deaton
Phone
9403878563
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04132
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt03900
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt04900
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt08800
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt021838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0104467
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0207143
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt042456
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0375904
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt037165
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt022876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt065041
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0432145
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt03900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt04900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt08800
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt059003
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0127343
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0212143
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt042456
IRS990ScheduleA/Total509Grp/TotalAmt0440945
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt059003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0127343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0212143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt042456
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0440945
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt025000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt025000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt025000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt029464
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueSubtotalAmt033596
IRS990ScheduleD/TotalExpensesPerForm990Amt029464
IRS990ScheduleD/TotalRevenuePerForm990Amt033596
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt033596
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt029464
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt025407
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt05930
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt05930
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CASINO NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0790
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037165
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037165
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037165
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037165
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011758
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0475
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0475
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018212
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018212
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt016536
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE SUPPLEMENTAL PROGRAM FUNDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KRUM INDEPENDENT SCHOOL DIST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01200 BOBCAT BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KRUM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076249
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAX RETURN IS REVIEWED AND APPROVED BY THE TREASURER BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0242745
IRS990/TotalAssetsEOYAmt0189739
IRS990/TotalAssetsGrp/BOYAmt0242745
IRS990/TotalAssetsGrp/EOYAmt0189739
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt021838
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07315
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022149
IRS990/TotalFunctionalExpensesGrp/TotalAmt029464
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt081078
IRS990/TotalLiabilitiesEOYAmt022884
IRS990/TotalLiabilitiesGrp/BOYAmt081078
IRS990/TotalLiabilitiesGrp/EOYAmt022884
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0161667
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0166855

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$189,739
Liabilities
$22,884
Net assets
$166,855
Revenue
$33,596
Expenses
$29,464
Net income
$4,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.37$0.76$7.61$1.69$1.61$0.08
2024Detailed filing. Detailed filing data is available for this year.$7.67$0.66$7.01$1.81$0.86$0.95
2023Detailed filing. Detailed filing data is available for this year.$6.13$0.63$5.50$1.87$1.08$0.78
2022Detailed filing. Detailed filing data is available for this year.$4.80$0.38$4.42$1.45$0.90$0.55
2021Detailed filing. Detailed filing data is available for this year.$4.61$0.08$4.53$1.76$0.63$1.12
2020Detailed filing. Detailed filing data is available for this year.$3.71$0.31$3.41$1.11$0.45$0.66
2019Detailed filing. Detailed filing data is available for this year.$3.03$0.28$2.75$1.25$0.57$0.68
2018Detailed filing. Detailed filing data is available for this year.$2.31$0.23$2.07$0.79$0.39$0.40
2017Detailed filing. Detailed filing data is available for this year.$1.90$0.23$1.67$0.34$0.29$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.43$0.81$1.62$1.13$0.90$0.23
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$2.12$1.16$0.96