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← ALEDO ISD EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by ALEDO ISD EDUCATION FOUNDATION.

Totals

Total revenue
$494,375
Total expenses
$391,676
Contributions and grants received
$489,905
Grants paid
$235,062
Program service revenue
$0
Investment income
$4,470
Other revenue
$0
Total assets, end of year
$380,287
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$380,287
Program services expenses (Part IX)
$285,529
Management and general expenses
$89,839
Fundraising expenses
$16,308
Program service expenses (Part III)
$285,529

Program services were 72.9% 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

    $384,590

  • 1f · All other contributions, gifts and grants

    $105,315

  • 3 · Investment income

    total $4,470 · excluded $4,470

  • 8a · Fundraising events: contributions included on line 1c

    $384,590

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $235,062 · program services $235,062

  • 7 · Other salaries and wages

    total $97,130 · program services $48,565 · management and general $48,565

  • 11c · Fees: accounting

    total $5,450 · management and general $5,450

  • 12 · Advertising and promotion

    total $16,308 · fundraising $16,308

  • 19 · Conferences, conventions and meetings

    total $3,804 · program services $1,902 · management and general $1,902

  • 23 · Insurance

    total $1,374 · management and general $1,374

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $12,045 · management and general $12,045

  • 24b · Other expenses: MISCELLANEOUS

    total $19,356 · management and general $19,356

  • 24c · Other expenses: SUPPLIES

    total $1,147 · management and general $1,147

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $275,588 · end of year $374,287

  • 4 · Accounts receivable

    beginning of year $2,000 · end of year $6,000

  • 27 · Net assets without donor restrictions

    beginning of year $194,667 · end of year $284,956

  • 28 · Net assets with donor restrictions

    beginning of year $82,921 · end of year $95,331

Mission and programs · 2023

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 $285,529

As filed on the 2023 return.

Listed in Part VII

  • VALERIE KERR

    EXECUTIVE DIRECTOR

    Total calculated
    $71,667
    From this org
    $71,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • JAKE BATTENFIELD

    VP - PROGRAMS

    Total calculated
    $0
    Hours/week
    10

  • BLAKE WINDHAM

    VP - DEVELOPMENT

    Total calculated
    $0
    Hours/week
    10

  • CAROL SATTERFIELD

    VP - LEGAL COUNSEL

    Total calculated
    $0
    Hours/week
    10

  • AARON VALENCIA

    VP - MARKETING

    Total calculated
    $0
    Hours/week
    10

  • JACK HUXEL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • GRIFF BABB

    VP - FINANCE & GOVERNANCE

    Total calculated
    $0
    Hours/week
    10

  • RYAN PIPKIN

    VP - EVENTS

    Total calculated
    $0
    Hours/week
    10

  • PAIGE RICE

    SECRETARY

    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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403449349300505

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