Totals
- Total revenue
- $1,585,642
- Total expenses
- $1,758,665
- Contributions and grants received
- $1,406,626
- Grants paid
- $898,579
- Program service revenue
- $0
- Investment income
- $171,601
- Other revenue
- $7,415
- Total assets, end of year
- $14,250,175
- Total liabilities, end of year
- $2,417,347
- Net assets or fund balances, end of year
- $11,832,828
- Program services expenses (Part IX)
- $1,398,980
- Management and general expenses
- $230,893
- Fundraising expenses
- $128,792
- Program service expenses (Part III)
- $1,398,980
Program services were 79.5% 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.
-
1c · Fundraising events
$163,317
-
1f · All other contributions, gifts and grants
$1,243,309
-
3 · Investment income
total $249,449 · excluded $249,449
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,445,190
-
7b · Less cost or other basis and sales expenses
securities $1,523,038
-
7c · Gain or loss
securities -$77,848
-
7d · Net gain or loss
total -$77,848 · excluded -$77,848
-
8a · Fundraising events: gross income
$24,356
-
8a · Fundraising events: contributions included on line 1c
$163,317
-
8b · Fundraising events: direct expenses
$77,305
-
8c · Net income from fundraising events
total -$52,949 · excluded -$52,949
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: other income
total $60,364 · related or exempt $60,364
-
11e · Other revenue, total
$60,364
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $898,579 · program services $898,579
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $121,390 · program services $121,390
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $357,984 · program services $238,737 · management and general $47,699 · fundraising $71,548
-
8 · Pension plan contributions
total $5,129 · program services $3,251 · management and general $751 · fundraising $1,127
-
9 · Other employee benefits
total $33,998 · program services $25,498 · management and general $3,400 · fundraising $5,100
-
10 · Payroll taxes
total $32,881 · program services $24,661 · management and general $3,288 · fundraising $4,932
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $21,795 · management and general $21,795
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $65,081 · management and general $65,081
-
11g · Fees: other
total $71,381 · program services $53,558 · management and general $7,131 · fundraising $10,692
-
12 · Advertising and promotion
total $10,722 · program services $3,860 · management and general $6,540 · fundraising $322
-
13 · Office expenses
total $572 · program services $206 · management and general $349 · fundraising $17
-
14 · Information technology
total $6,268 · program services $6,080 · management and general $188
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $11,028 · program services $3,970 · management and general $6,727 · fundraising $331
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,428 · program services $3,428
-
23 · Insurance
total $1,757 · program services $70 · management and general $1,687
-
24a · Other expenses: MISCELLANEOUS
total $58,111 · program services $4,647 · management and general $53,464
-
24b · Other expenses: FUNDRAISING EXPENSES
total $33,976 · fundraising $33,976
-
24c · Other expenses: BAD DEBT
total $5,850 · management and general $5,850
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $5,253 · program services $2,942 · management and general $2,311
-
24e · All other expenses
total $13,482 · program services $8,103 · management and general $4,632 · fundraising $747
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $341,744 · end of year $685,257
-
2 · Savings and temporary cash investments
beginning of year $11,848 · end of year $11,848
-
3 · Pledges and grants receivable
beginning of year $92,975 · end of year $39,154
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $27,106 · end of year $48,601
-
10a · Land, buildings and equipment: cost or other basis
$47,617
-
10b · Land, buildings and equipment: accumulated depreciation
$36,413
-
10c · Land, buildings and equipment, net
beginning of year $8,593 · end of year $11,204
-
11 · Investments: publicly traded securities
beginning of year $12,201,492 · end of year $13,454,111
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,028,888 · end of year $2,141,371
-
18 · Grants payable
beginning of year $1,941
-
19 · Deferred revenue
end of year $125,684
-
25 · Other liabilities
beginning of year $386,126 · end of year $150,292
-
27 · Net assets without donor restrictions
beginning of year $1,324,276 · end of year $504,607
-
28 · Net assets with donor restrictions
beginning of year $9,942,527 · end of year $11,328,221
Mission and programs · 2023
Mission
To inspire and assist McKinney ISD students and teachers toward excellence and make a difference in a child's life through education. Although the Form 990 may reflect an operating deficit for the year ended June 30, 2024, this variance is offset by donor-restricted endowment earnings that were approved for release and used to support operations within the same fiscal year. As such, the reported deficit does not reflect a cash shortfall or structural financial imbalance.During FYE 2024, the Foundation transferred monies from endowment earnings to support its mission as follows: $175,000 to cover costs of College Advisors under the Dream Builders Program $143,622 to cover endowment management fees (assessed at 1.6% of the endowment fund balance) $669,700 for scholarships $99,504 for classroom and program grantsThese distributions were approved in accordance with the Foundations endowment spending policy and represent the purposeful use of donor-restricted funds.As a result, what may app
Activities or mission (Part I)
To inspire and assist McKinney ISD students and teachers toward excellence and make a difference in a child's life through education. Any operating deficits are offset by donor-restricted endowment earnings and used to support operations.
-
Scholarships Awarded: This program assists students in attending post-secondary programs at higher education institutions. In 2023-2024, $799,075 in scholarships was awarded. Classroom and Professional Development Grants: The McKinney ISD and McKinney community support this program. $99,504 total was funded for our teachers in 2023-2024. College Advisor Program Dream Builder donors support this program. The college advisors are placed on the three McKinney high schools full-time to assist students and families with navigating the college and financial aid process.
Expenses $1,398,980 · Grants $898,579
As filed on the 2023 return.
Listed in Part VII
-
Sheila Due-From 92023SHEILA DUE-FROM 92023
CEO
- Total calculated
- $36,667
- From this org
- $36,667
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Carolyn BrooksCAROLYN BROOKS
VP-DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 2
-
Mark KeverMARK KEVER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
John KerbyJOHN KERBY
INT. VP OF FIN.
- Total calculated
- $0
- Hours/week
- 2
-
Lucas HenryLUCAS HENRY
VP AT LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Denise HolthausDENISE HOLTHAUS
Director
- Total calculated
- $0
- Hours/week
- 2
-
Janette JohansonJANETTE JOHANSON
VP OF EDUCATION
- Total calculated
- $0
- Hours/week
- 2
-
Angie BadoANGIE BADO
Director
- Total calculated
- $0
- Hours/week
- 2
-
Susan HykelSUSAN HYKEL
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rob CailletROB CAILLET
Director
- Total calculated
- $0
- Hours/week
- 2
-
Megan GallegosMEGAN GALLEGOS
Director
- Total calculated
- $0
- Hours/week
- 2
-
Todd WeishaarTODD WEISHAAR
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Kip DixonKIP DIXON
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Sara HasslerSARA HASSLER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Terri SpriesterTERRI SPRIESTER
VP-ADMIN
- Total calculated
- $0
- Hours/week
- 2
-
Don HaughDON HAUGH
Director
- Total calculated
- $0
- Hours/week
- 2
-
Christie RhyneCHRISTIE RHYNE
Director
- Total calculated
- $0
- Hours/week
- 2
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531339349307888
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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