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Nonprofiteer
← ALVIN I S D EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by ALVIN I S D EDUCATION FOUNDATION INC.

Totals

Total revenue
$270,104
Total expenses
$324,478
Contributions and grants received
$10,561
Grants paid
$162,299
Program service revenue
$0
Investment income
-$134,465
Other revenue
$394,008
Total assets, end of year
$1,395,277
Total liabilities, end of year
$205,150
Net assets or fund balances, end of year
$1,190,127
Program services expenses (Part IX)
$220,132
Management and general expenses
$104,346
Fundraising expenses
$0
Program service expenses (Part III)
$220,132

Program services were 67.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $10,561

  • 3 · Investment income

    total $19,551 · unrelated business $0 · excluded $19,551

  • 7a · Gross sales of assets other than inventory

    securities $364,270

  • 7b · Less cost or other basis and sales expenses

    securities $518,286

  • 7c · Gain or loss

    securities -$154,016

  • 7d · Net gain or loss

    total -$154,016 · related or exempt $0 · unrelated business $0 · excluded -$154,016

  • 8a · Fundraising events: gross income

    $505,524

  • 8b · Fundraising events: direct expenses

    $111,516

  • 8c · Net income from fundraising events

    total $394,008 · unrelated business $0 · excluded $394,008

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $162,299 · program services $162,299

  • 4 · Benefits paid to or for members

    total $2,246 · program services $2,246

  • 5 · Compensation of officers, directors and key employees

    total $70,668 · program services $0 · management and general $70,668 · fundraising $0

  • 9 · Other employee benefits

    total $4,683 · program services $0 · management and general $4,683 · fundraising $0

  • 10 · Payroll taxes

    total $5,406 · program services $0 · management and general $5,406 · fundraising $0

  • 11b · Fees: legal

    total $1,874 · program services $0 · management and general $1,874 · fundraising $0

  • 11c · Fees: accounting

    total $1,050 · program services $0 · management and general $1,050 · fundraising $0

  • 11f · Fees: investment management

    total $9,663 · program services $0 · management and general $9,663 · fundraising $0

  • 12 · Advertising and promotion

    total $2,517 · program services $0 · management and general $2,517 · fundraising $0

  • 13 · Office expenses

    total $8,485 · program services $0 · management and general $8,485 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,853 · program services $1,853 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,597 · program services $2,597 · management and general $0 · fundraising $0

  • 24a · Other expenses: SCHOLARSHIPS

    total $46,000 · program services $46,000 · management and general $0 · fundraising $0

  • 24b · Other expenses: APPRECIATION

    total $5,137 · program services $5,137 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $448,956 · end of year $481,031

  • 11 · Investments: publicly traded securities

    beginning of year $1,008,756 · end of year $914,246

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,211 · end of year $205,150

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,244,501 · end of year $1,190,127

Mission and programs · 2022

Mission

TO PROMOTE AND SUPPORT ALVIN ISD IN ITS EDUCATIONAL ENDEVOURS

  • GRANTS ARE GIVEN TO TEACHERS TO ALLOW THEM TO CARRY OUT INNOVATIVE TEACHING IDEAS THAT ARE NOT ABLE TO BE FUNDED BY THE DISTRICT. APPROX 4500 STUDENTS BENEFITED.

    Expenses $155,524

  • SCHOLARSHIPS ARE GIVEN TO AISD GRADUATING STUDENTS AS WELL AS STAFF TO HELP FURTHER THEIR EDUCATION. APPROX 31 INDIVIDUALS BENEFITED.

    Expenses $46,000

  • GRANTS ARE GIVEN TO ALL NEW TEACHERS IN THE SCHOOL DISTRICT TO ASSIST THEM IN PURCHASING SUPPLIES FOR THEIR SCHOOL ROOMS. APPROX 3700 STUDENTS BENEFITED.

    Expenses $11,912

  • OTHER PROGRAMS

    Expenses $6,696

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melba Ervin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Scot Bryant

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Lorilyn Wynn

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Joy Korth

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Shelia Olson

    EXECUTIVE DIRECTOR

    Total calculated
    $70,668
    From this org
    $70,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Becker

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • ALVIN ISD

    $143,751

    INNOVATIVE TEACHING

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202333049349302168

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