Civic Intelligence

Mansfield I S D Education Foundation Inc.

990 • Fiscal year 2022 • EIN 75-2765533

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

609 E Broad StreetMansfield, TX 76063

(817) 299-6354

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.02x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.04x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$98,596

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

10th percentile

-21%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

36th percentile

-2.0%

Faster revenue growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$835,070

Down $226,742 (-21%) from 2021

Net Assets

Down

$814,366

Down $209,413 (-20%) from 2021

Liabilities

Down

$20,704

Down $17,329 (-46%) from 2021

Revenue

Down

$474,307

Down $9,912 (-2.0%) from 2021

Expenses

Up

$560,243

Up $153,574 (+38%) from 2021

Net Income

Down

-$85,936

Down $163,486 (-211%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $441,733Liabilities 2011: $0Net Assets 2011: $441,7332011Assets 2012: $468,646Liabilities 2012: $24,518Net Assets 2012: $444,1282012Assets 2013: $512,817Liabilities 2013: $33,954Net Assets 2013: $478,8632013Assets 2014: $548,339Liabilities 2014: $22,781Net Assets 2014: $525,5582014Assets 2015: $591,616Liabilities 2015: $25,304Net Assets 2015: $566,3122015Assets 2016: $705,162Liabilities 2016: $28,552Net Assets 2016: $676,6102016Assets 2017: $678,544Liabilities 2017: $19,432Net Assets 2017: $659,1122017Assets 2018: $937,664Liabilities 2018: $67,632Net Assets 2018: $870,0322018Assets 2019: $901,840Liabilities 2019: $96,840Net Assets 2019: $805,0002019Assets 2020: $914,144Liabilities 2020: $30,747Net Assets 2020: $883,3972020Assets 2021: $1,061,812Liabilities 2021: $38,033Net Assets 2021: $1,023,7792021Assets 2022: $835,070Liabilities 2022: $20,704Net Assets 2022: $814,3662022Assets 2023: $942,460Liabilities 2023: $15,789Net Assets 2023: $926,6712023Assets 2024: $1,089,149Liabilities 2024: $18,443Net Assets 2024: $1,070,7062024

Highlighted filing

2022

Assets$835,070
Liabilities$20,704
Net Assets$814,366

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $338,554Expenses 2011: $341,408Net Income 2011: -$2,8542011Expenses 2012: $321,8752012Revenue 2013: $319,667Expenses 2013: $277,375Net Income 2013: $42,2922013Revenue 2014: $323,113Expenses 2014: $300,508Net Income 2014: $22,6052014Revenue 2015: $377,236Expenses 2015: $332,116Net Income 2015: $45,1202015Revenue 2016: $458,919Expenses 2016: $373,144Net Income 2016: $85,7752016Revenue 2017: $419,732Expenses 2017: $468,026Net Income 2017: -$48,2942017Revenue 2018: $580,562Expenses 2018: $390,954Net Income 2018: $189,6082018Revenue 2019: $550,468Expenses 2019: $626,188Net Income 2019: -$75,7202019Revenue 2020: $603,024Expenses 2020: $541,876Net Income 2020: $61,1482020Revenue 2021: $484,219Expenses 2021: $406,669Net Income 2021: $77,5502021Revenue 2022: $474,307Expenses 2022: $560,243Net Income 2022: -$85,9362022Revenue 2023: $530,474Expenses 2023: $416,815Net Income 2023: $113,6592023Revenue 2024: $346,260Expenses 2024: $239,103Net Income 2024: $107,1572024

Highlighted filing

2022

Revenue$474,307
Expenses$560,243
Net Income-$85,936
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$512,067
Mission and Program Overview

Mission

To generate and foster creative approaches and distribute resources to the educators and students of mansfield independent school district to enrich and to meet the district's stated mission of a superior education for every student.

To support the education of students in mansfield independent schoool district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$702,302$610,752▼ $91,550
Cash and Non-Interest-Bearing Accounts$322,715$209,023▼ $113,692
Pledges and Grants Receivable$36,795$15,295▼ $21,500
Total Assets$1,061,812$835,070▼ $226,742
Liabilities
Accounts Payable and Accrued Expenses$38,033$20,704▼ $17,329
Total Liabilities$38,033$20,704▼ $17,329
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$906,011$675,000▼ $231,011
Net Assets With Donor Restrictions$117,768$139,366▲ $21,598
Total Net Assets Fund Balance$1,023,779$814,366▼ $209,413
Total Liabilities and Net Assets / Fund Balance$1,061,812$835,070▼ $226,742
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynn WilkieExecutive DiFT$83,942$14,654$98,596

Board Members and Trustees

NameTitle
Beth LightPresident
Allan BeckDirector
Angie JohnsonDirector
Ann JewellDirector
Bianca Benavides AndersonDirector
Billy ChadwellDirector
Curtina WilsonDirector
Ed McgoughDirector
Kimberly CantuDirector
Prak BhaktaDirector
Rick HerrmannDirector
Tracy BaggettDirector
Patrick BrownAt Large
Stephanie BairdAt Large
Donald WilliamsMisd Liason
Elena FernandezSecretary
Tessa MeyersTreasurer
Ryan MurrayVP-fundraisi
Revenue and Support

Revenue Composition

Contributions and Grants
$365,403
Program Service Revenue
$0
Investment Income
$31,944
Other Revenue
$76,960
All Other Contributions
$365,403
Change in Net Assets
$-85,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$434,927
Other Expenses$125,316
Total Fundraising Expense$45,934
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$434,927--$434,927
Fees for Services Management$35,727$20,415$45,934$102,076
Advertising$7,464--$7,464
Fees for Services Accounting$2,547$2,546-$5,093
Conferences and Meetings-$799-$799
Other Expenses$366$1,494-$366
All Other Expenses$284--$284
Total Functional Expenses$482,183$32,126$45,934$560,243
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mansfield IsdMansfield, TXGovEducation$434,927
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$114,720
Fundraising Direct Expenses$37,760
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$114,720$114,720$37,760$76,960
Total Events$114,720$114,720$37,760$76,960
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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, Page 6, Part VI, Line 11B

The form 990 is presented to the finance committee prior to filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Board members and management of the organization monitor compliance with the policy. The organization's policy is to verbally discuss any conflicts when they arise.

Form 990, Page 6, Part VI, Line 19

The organization makes it governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mansfield Isd Education Foundation
EIN
75-2765533
Phone
8172996354
Address
609 E BROAD STREET, MANSFIELD, TX 76063

Signing Officer

Name
Beth Light
Title
President
Signed
2023-05-15

Organization Details

Principal Officer
Beth Light
Formed
1999
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
75

Preparer

Firm
The Ray Tax Group
Address
600 GULF FWY STE 226, TEXAS CITY, TX 77591-2800
Preparer
Lydia Inaba Cook CPA
Phone
4099484406
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To generate and foster creative approaches and distribute resources to the educators and students of mansfield independent school district to enrich and to meet the district's stated mission of a superior education for every student.

Form 990, Part XI, Line 9

TIMING DIFFERENCE 17

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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
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IRS990/MissionDesc0TO GENERATE AND FOSTER CREATIVE APPROACHES AND DISTRIBUTE RESOURCES TO THE EDUCATORS AND STUDENTS OF MANSFIELD INDEPENDENT SCHOOL DISTRICT TO ENRICH AND TO MEET THE DISTRICT'S STATED MISSION OF A SUPERIOR EDUCATION FOR EVERY STUDENT.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MANSFIELD ISD
IRS990ScheduleI/RecipientTable/RecipientEIN0756002005
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0605 EAST BROAD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANSFIELD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076063
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES APPLICATIONS FROM TEACHERS AND STAFF OF THE MANSFIELD INDEPENDENT SCHOOL DISTRICT. THOSE APPLICATIONS REQUIRE THE GRANTEE TO DESCRIBE THEIR PURPOSE, RATIONALE AND OBJECTIVE OF THE GRANT. THE GRANT COMMITTEE REVIEWS THE GRANTS AND SELECTS THOSE TO BE AWARDED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO GENERATE AND FOSTER CREATIVE APPROACHES AND DISTRIBUTE RESOURCES TO THE EDUCATORS AND STUDENTS OF MANSFIELD INDEPENDENT SCHOOL DISTRICT TO ENRICH AND TO MEET THE DISTRICT'S STATED MISSION OF A SUPERIOR EDUCATION FOR EVERY STUDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND MANAGEMENT OF THE ORGANIZATION MONITOR COMPLIANCE WITH THE POLICY. THE ORGANIZATION'S POLICY IS TO VERBALLY DISCUSS ANY CONFLICTS WHEN THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TIMING DIFFERENCE 17
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MANSFIELD
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.02$1.07$0.35$0.24$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.93$0.53$0.42$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.02$0.81$0.47$0.56$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.04$1.02$0.48$0.41$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.88$0.60$0.54$0.06
2019Summary only. Only limited summary data is available for this year.$0.90$0.10$0.81$0.55$0.63$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.07$0.87$0.58$0.39$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.68$0.02$0.66$0.42$0.47$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.03$0.68$0.46$0.37$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.03$0.57$0.38$0.33$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.55$0.02$0.53$0.32$0.30$0.02
2013Summary only. Only limited summary data is available for this year.$0.51$0.03$0.48$0.32$0.28$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.02$0.44$0.32
2011Summary only. Only limited summary data is available for this year.$0.44$0.00$0.44$0.34$0.34$0.00
Peer Organizations

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