Form 990 for tax year 2024
Filed by ALEDO ISD EDUCATION FOUNDATION.
Totals
- Total revenue
- $515,358
- Total expenses
- $367,415
- Contributions and grants received
- $508,386
- Grants paid
- $203,075
- Program service revenue
- $0
- Investment income
- $6,972
- Other revenue
- $0
- Total assets, end of year
- $528,230
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $528,230
- Program services expenses (Part IX)
- $259,028
- Management and general expenses
- $96,320
- Fundraising expenses
- $12,067
- Program service expenses (Part III)
- $259,028
Program services were 70.5% 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
$457,550
-
1f · All other contributions, gifts and grants
$50,836
-
3 · Investment income
total $6,972 · excluded $6,972
-
8a · Fundraising events: contributions included on line 1c
$457,550
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $203,075 · program services $203,075
-
7 · Other salaries and wages
total $108,693 · program services $54,347 · management and general $54,346
-
11c · Fees: accounting
total $5,865 · management and general $5,865
-
12 · Advertising and promotion
total $12,067 · fundraising $12,067
-
19 · Conferences, conventions and meetings
total $3,213 · program services $1,606 · management and general $1,607
-
23 · Insurance
total $1,370 · management and general $1,370
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $13,604 · management and general $13,604
-
24b · Other expenses: MISCELLANEOUS
total $17,422 · management and general $17,422
-
24c · Other expenses: SUPPLIES
total $2,106 · management and general $2,106
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $374,287 · end of year $513,730
-
4 · Accounts receivable
beginning of year $6,000 · end of year $4,500
-
9 · Prepaid expenses and deferred charges
end of year $10,000
-
27 · Net assets without donor restrictions
beginning of year $284,956 · end of year $439,674
-
28 · Net assets with donor restrictions
beginning of year $95,331 · end of year $88,556
Mission and programs · 2024
Mission
THE ALEDO ISD EDUCATION FOUNDATION PARTNERS WITH THE COMMUNITY TO PROVIDE PRIVATE RESOURCES TO ENRICH TEACHING, INSPIRE LEARNING, AND MAXIMIZE INNOVATIVE OPPORTUNITIES FOR ALL STUDENTS IN THE ALEDO INDEPENDENT SCHOOL DISTRICT.
-
THE ALEDO EDUCATION FOUNDATION IS PARTNERING WITH THE COMMUNITY TO PROVIDE AND SUPPORT INNOVATIVE EDUCATIONAL PROJECTS AND ACTIVITIES THAT ARE BEYOND TRADITIONAL FUNDING. FOUNDATION FUNDS ARE BEING USED FOR EDUCATIONAL ENRICHMENT PROGRAMS TO ENHANCE STUDENT ACHIEVEMENT, RECOGNIZE EXEMPLARY STAFF INVOLVEMENT AND FOSTER COMMUNITY SUPPORT AND INVOLVEMENT.
Expenses $259,028
As filed on the 2024 return.
Listed in Part VII
-
VALERIE KERR
FORMER EXEC DIRECTOR
- Total calculated
- $83,333
- From this org
- $83,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $83,333
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $83,333
-
STEFAN SIMPSON
VP - FINANCE & GOVERNANCE
- Total calculated
- $0
- Hours/week
- 10
-
LAUREN EDWARDS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
LIBBY MARLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
CLAIRE HOLLEK
VP - EVENTS
- Total calculated
- $0
- Hours/week
- 10
-
SLATEN GOUGH
VP - DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 10
-
PAIGE RICE
VP - PROGRAMS
- Total calculated
- $0
- Hours/week
- 10
-
JODI OUTLAND
VP - MARKETING
- Total calculated
- $0
- Hours/week
- 10
-
TROY MILLER
VP - LEGAL COUNSEL
- Total calculated
- $0
- Hours/week
- 10
-
COURTNEY LEAVERTON
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
-
BROOKE HOWERTON
VP - BOARD AT LARGE
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$203,075
INNOVATIVE EDUCATIONAL PROGRAMS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 January 2026
- IRS schema version
- 2024v5.2
- Source object
- 202610339349301121
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