Civic Intelligence

Krum Isd Education Foundation Inc

990 • Fiscal year 2020 • EIN 45-4736881

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 11, 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

73rd percentile

0.08x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.28x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

91st percentile

59%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

68th percentile

22%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-11%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$371,198

Up $68,159 (+22%) from 2019

Net Assets

Up

$340,646

Up $65,886 (+24%) from 2019

Liabilities

Up

$30,552

Up $2,273 (+8.0%) from 2019

Revenue

Down

$111,085

Down $13,826 (-11%) from 2019

Expenses

Down

$45,199

Down $12,172 (-21%) from 2019

Net Income

Down

$65,886

Down $1,654 (-2.4%) from 2019

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

2020

Assets$371,198
Liabilities$30,552
Net Assets$340,646

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

2020

Revenue$111,085
Expenses$45,199
Net Income$65,886
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$133,447
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$179,087$206,788▲ $27,701
Cash and Non-Interest-Bearing Accounts$120,179$160,652▲ $40,473
Prepaid Expenses and Deferred Charges$3,773$3,758▼ $15
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$303,039$371,198▲ $68,159
Other Assets Total-$0-
Liabilities
Grants Payable$24,929$30,552▲ $5,623
Deferred Revenue$3,350--
Total Liabilities$28,279$30,552▲ $2,273
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$219,760$285,646▲ $65,886
Net Assets With Donor Restrictions$55,000$55,000→ $0
Total Net Assets Fund Balance$274,760$340,646▲ $65,886
Total Liabilities and Net Assets / Fund Balance$303,039$371,198▲ $68,159

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$55,000---$55,000
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
Emily SibleyVice Chair
Kelsi BannahanDirector
Mike DavisDirector
Sue RealDirector
BRET McDANIELSecretary
Dan ReedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,897
Program Service Revenue
$0
Investment Income
$28,075
Other Revenue
$54,113
All Other Contributions
$28,897
Change in Net Assets
$65,886

Audited Revenue Reconciliation

Revenue per Audited Statements
$111,085
Total Revenue per Audited Statements
$111,085
Total Revenue per Form 990
$111,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$33,394
Other Expenses$11,805
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,026--$21,026
Grants to Domestic Individuals$12,368--$12,368
Fees for Services Accounting-$4,000-$4,000
Information Technology-$2,046-$2,046
Fees for Services Other-$1,000-$1,000
Insurance-$660-$660
Other Expenses$1,822$374-$374
All Other Expenses$97$89-$186
Total Functional Expenses$35,313$9,886$0$45,199

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$45,199
Total Expenses per Audited Statements$45,199
Total Expenses per Form 990$45,199
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Krum Independent School DistKrum, TX-Provide Supplemental Program Funds$20,798
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,475
Fundraising Direct Expenses$22,362
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Gala$76,475$76,475$7,197$69,278
Total Events$76,475$76,475$22,362$54,113
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 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, 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
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
STACY McDANIEL
Formed
2013
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
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/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt065886
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0179087
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0206788
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt03900
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt03900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt028897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt062550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt034068
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt021838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0104467
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0251820
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07938
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07858
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02182
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt076475
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt075403
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt062048
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt037165
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt022876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0273967
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07938
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017978
IRS990ScheduleA/InvestmentIncomeCYPct00.03310
IRS990ScheduleA/InvestmentIncomePYPct00.01560
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95980
IRS990ScheduleA/PublicSupportPY509Pct00.97070
IRS990ScheduleA/PublicSupportTotal509Amt0521887
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt03900
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt03900
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0105372
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0137953
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt096116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt059003
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0127343
IRS990ScheduleA/Total509Grp/TotalAmt0525787
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0113310
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0145811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt098298
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt059003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0127343
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0543765
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt055000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt055000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt025000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt030000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt055000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt025000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt025000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt025000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt025000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt025000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt045199
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueSubtotalAmt0111085
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/TotalExpensesPerForm990Amt045199
IRS990ScheduleD/TotalRevenuePerForm990Amt0111085
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0111085
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt045199
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022362
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06930
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06930
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05857
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05857
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt076475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt076475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt076475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt076475
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt054113
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07197
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07197
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02378
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02378
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt020798
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0303039
IRS990/TotalAssetsEOYAmt0371198
IRS990/TotalAssetsGrp/BOYAmt0303039
IRS990/TotalAssetsGrp/EOYAmt0371198

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