Form 990 for tax year 2023
Filed by GALVESTON INDEPENDENT SCHOOL DISTRICT EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $650,162
- Total expenses
- $516,080
- Contributions and grants received
- $373,236
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $113,542
- Other revenue
- $163,384
- Total assets, end of year
- $1,302,297
- Total liabilities, end of year
- $22,917
- Net assets or fund balances, end of year
- $1,279,380
- Program services expenses (Part IX)
- $372,754
- Management and general expenses
- $74,844
- Fundraising expenses
- $68,482
- Program service expenses (Part III)
- $372,754
Program services were 72.2% 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
$373,236
-
1g · Noncash contributions included above
$66,802
-
3 · Investment income
total $113,542 · related or exempt $113,542
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$163,384
-
8c · Net income from fundraising events
total $163,384 · excluded $163,384
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $116,296 · program services $43,250 · management and general $17,444 · fundraising $55,602
-
6 · Compensation of disqualified persons
total $329,504 · program services $329,504
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $22,541 · management and general $22,541
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $500 · fundraising $500
-
13 · Office expenses
total $8,337 · management and general $2,860 · fundraising $5,477
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $1,726 · management and general $1,726
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $21,947 · management and general $21,947
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,406 · management and general $2,406
-
24a · Other expenses: MISCELLANEOUS
total $6,334 · management and general $5,920 · fundraising $414
-
24b · Other expenses: BANK & CREDIT CARD FEES
total $3,715 · fundraising $3,715
-
24c · Other expenses: Printing and Publications
total $2,060 · fundraising $2,060
-
24d · Other expenses: MEMBERSHIP DUES
total $714 · fundraising $714
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $147,310 · end of year $514,497
-
2 · Savings and temporary cash investments
beginning of year $371,900 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
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 $1,630 · end of year $1,365
-
10a · Land, buildings and equipment: cost or other basis
$13,390
-
10b · Land, buildings and equipment: accumulated depreciation
$13,390
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $627,230 · end of year $786,435
-
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
beginning of year $1 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,773 · end of year $22,917
-
27 · Net assets without donor restrictions
beginning of year $774,578 · end of year $850,105
-
28 · Net assets with donor restrictions
beginning of year $370,720 · end of year $429,275
Mission and programs · 2023
Mission
THE GISD EDUCATIONAL FOUNDATION ENRICHES THE EDUCATIONAL EXPERIENCE AND PREPARES STUDENTS FOR THE FUTURE BY PROVIDING FINANCIAL SUPPORT TO EDUCATORS, SCHOOLS AND STUDENTS.
Activities or mission (Part I)
TO PROMOTE AND ENHANCE QUALITY EDUCATION IN THE GALVESTON INDEPENDENT SCHOOL DISTRICT.
-
AWARDS TO GALVESTON TEACHERS, STUDENTS AND SCHOOLS TO IMPROVE THE QUALITY OF EDUCATIONAL OPPORTUNITIES IN GALVESTON SCHOOLS.
Expenses $372,754
As filed on the 2023 return.
Listed in Part VII
-
Lynn CloreLYNN CLORE
President
- Total calculated
- $0
- Hours/week
- 3
-
Dominic EtienneDOMINIC ETIENNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew ThompsonMATTHEW THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Erica FarmerERICA FARMER
President
- Total calculated
- $0
- Hours/week
- 3
-
Danny HartDANNY HART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew HayMATTHEW HAY
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Christine HopkinsCHRISTINE HOPKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amy GonzalezAMY GONZALEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shelia LidstoneSHELIA LIDSTONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jordan Raschke EltonJORDAN RASCHKE ELTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Douglas MatthewsDOUGLAS MATTHEWS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lee MencacciLEE MENCACCI
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Erin WardERIN WARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vivian PinardVIVIAN PINARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brandon RogersBRANDON ROGERS
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Brittany ViegasBRITTANY VIEGAS
Executive Dir.
- Total calculated
- $0
- Hours/week
- 40
-
Dominic EtienneDOMINIC ETIENNE
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
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.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531779349300223
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