Civic Intelligence

Krum Isd Education Foundation Inc

990 • Fiscal year 2019 • EIN 45-4736881

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 12, 2020

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

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.23x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

78th percentile

31%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

58%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$303,039

Up $72,333 (+31%) from 2018

Net Assets

Up

$274,760

Up $67,540 (+33%) from 2018

Liabilities

Up

$28,279

Up $4,793 (+20%) from 2018

Revenue

Up

$124,911

Up $45,921 (+58%) from 2018

Expenses

Up

$57,371

Up $18,746 (+49%) from 2018

Net Income

Up

$67,540

Up $27,175 (+67%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$303,039
Liabilities$28,279
Net Assets$274,760

Operations Trend

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

2019

Revenue$124,911
Expenses$57,371
Net Income$67,540
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 12, 2020
Return Version
2018v3.1
Gross Receipts
$144,547
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
Savings and Temporary Cash Investments$57,489$179,087▲ $121,598
Cash and Non-Interest-Bearing Accounts$166,999$120,179▼ $46,820
Prepaid Expenses and Deferred Charges$4,149$3,773▼ $376
Pledges and Grants Receivable$2,004$0▼ $2,004
Accounts Receivable$65$0▼ $65
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$230,706$303,039▲ $72,333
Other Assets Total-$0-
Liabilities
Grants Payable$19,836$24,929▲ $5,093
Deferred Revenue$3,650$3,350▼ $300
Total Liabilities$23,486$28,279▲ $4,793
Net Assets / Fund Balance
Unrestricted Net Assets$184,215$219,760▲ $35,545
Permanently Rstr Net Assets$23,005$55,000▲ $31,995
Total Net Assets Fund Balance$207,220$274,760▲ $67,540
Total Liabilities and Net Assets / Fund Balance$230,706$303,039▲ $72,333

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$25,000$30,000--$55,000
2017$25,000---$25,000
2016$25,000---$25,000
2015-$25,000--$25,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
STACY McDANIELChair
Cody CarrollDirector
Kelsi BannahanDirector
Sue RealDirector
BRET McDANIELSecretary
Dan ReedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$62,550
Program Service Revenue
$0
Investment Income
$6,594
Other Revenue
$55,767
All Other Contributions
$62,550
Change in Net Assets
$67,540

Audited Revenue Reconciliation

Revenue per Audited Statements
$124,911
Total Revenue per Audited Statements
$124,911
Total Revenue per Form 990
$124,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,342
Other Expenses$27,029
Total Fundraising Expense$847
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,342--$26,342
Fees for Services Accounting-$6,000-$6,000
Grants to Domestic Individuals$4,000--$4,000
Information Technology-$1,960-$1,960
Fees for Services Other-$1,000-$1,000
Advertising--$631$631
Insurance-$558-$558
All Other Expenses-$377$138$515
Other Expenses$979$320$78$320
Total Functional Expenses$44,577$11,947$847$57,371

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$57,371
Total Expenses per Audited Statements$57,371
Total Expenses per Form 990$57,371
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Krum Independent School DistKrum, TX-Provide Supplemental Program Funds$15,730
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$75,403
Fundraising Direct Expenses$19,636
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Gala$75,403$75,403$5,245$70,158
Total Events$75,403$75,403$19,636$55,767
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
Yes
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
2020-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
STACY McDANIEL
Formed
2013
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Hankins Eastup Deaton Tonn & Seay
Address
902 N LOCUST ST, DENTON, TX 76201
Preparer
Carl M Deaton
Phone
9403878563
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Provide scholarships & grants from earnings for students & teachers of krum isd

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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057489
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0179087
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt03900
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt04900
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt08800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt062550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt034068
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt021838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0104467
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0207143
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0430066
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07858
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02182
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt075403
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt062048
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt037165
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt022876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0202492
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010040
IRS990ScheduleA/InvestmentIncomeCYPct00.01560
IRS990ScheduleA/InvestmentIncomePYPct00.00400
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97070
IRS990ScheduleA/PublicSupportPY509Pct00.97960
IRS990ScheduleA/PublicSupportTotal509Amt0623758
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt03900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt04900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt08800
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0137953
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt096116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt059003
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0127343
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0212143
IRS990ScheduleA/Total509Grp/TotalAmt0632558
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0145811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt098298
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt059003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0127343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0212143
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0642598
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/ContributionsAmt030000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt055000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt025000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt025000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt025000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt025000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt025000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt057371
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueSubtotalAmt0124911
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROVIDE SCHOLARSHIPS & GRANTS FROM EARNINGS FOR STUDENTS & TEACHERS OF KRUM ISD
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalExpensesPerForm990Amt057371
IRS990ScheduleD/TotalRevenuePerForm990Amt0124911
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0124911
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt057371
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt019636
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06615
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06615
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05312
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05312
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt075403
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt075403
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt075403
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt075403
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt055767
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0464
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0464
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05245
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05245
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02000
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt015730
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

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