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MCKINNEY EDUCATION FOUNDATION

EIN 75-2401624 MCKINNEY, TX

Revenue 2024
$2,553,186
Expenses 2024
$1,647,466

Program services were 75.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B820
Classification
1200
Street
510 HEARD ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

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 2024-2025, $722,223 in scholarships was awarded. Classroom and Professional Development Grants: The McKinney ISD and McKinney community support this program. $77,818 total was funded for our teachers in 2024-2025. 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 $1,238,976 · Grants $800,041

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • SHEILA DUE

    CEO

    Total calculated
    $148,835
    From this org
    $144,500
    From related orgs
    $0
    Other
    $4,335
    Hours/week
    40

  • CAROLYN BROOKS

    VP-DEVELOPMENT

    Total calculated
    $0
    Hours/week
    2

  • MARK KEVER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • JANETTE JOHANSON

    INT. VP OF FIN.

    Total calculated
    $0
    Hours/week
    2

  • LUCAS HENRY

    VP AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • DENISE HOLTHAUS

    Director

    Total calculated
    $0
    Hours/week
    2

  • TONY CARVER

    Director

    Total calculated
    $0
    Hours/week
    2

  • SUSAN HYKEL

    Director

    Total calculated
    $0
    Hours/week
    2

  • MEGAN GALLEGOS

    Director

    Total calculated
    $0
    Hours/week
    2

  • TODD WEISHAAR

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • KIP DIXON

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • SARA HASSLER

    Director

    Total calculated
    $0
    Hours/week
    2

  • TERRI SPRIESTER

    VP-ADMIN

    Total calculated
    $0
    Hours/week
    2

  • DON HAUGH

    Director

    Total calculated
    $0
    Hours/week
    2

  • CHRISTIE 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $2,553,186
    Expenses
    $1,647,466
    Contributions
    $2,249,732
    Grants paid
    $800,041
  • 2023
    Revenue
    $1,585,642
    Expenses
    $1,758,665
    Contributions
    $1,406,626
    Grants paid
    $898,579
  • 2022
    Revenue
    $1,202,471
    Expenses
    $1,242,480
    Contributions
    $1,026,799
    Grants paid
    $586,164

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,500,466
    Expenses
    $1,379,548
    Assets (EOY)
    $11,866,191

  • 2020 · 990

    Revenue
    $1,541,295
    Expenses
    $1,264,803
    Assets (EOY)
    $13,430,934

  • 2019 · 990

    Revenue
    $2,107,343
    Expenses
    $1,000,313
    Assets (EOY)
    $10,309,637

  • 2018 · 990

    Revenue
    $1,184,939
    Expenses
    $1,296,941
    Assets (EOY)
    $9,837,326

  • 2017 · 990

    Revenue
    $1,486,781
    Expenses
    $1,120,399
    Assets (EOY)
    $9,774,147

  • 2016 · 990

    Revenue
    $1,112,660
    Expenses
    $1,020,070
    Assets (EOY)
    $9,470,931

  • 2015 · 990

    Revenue
    $995,363
    Expenses
    $962,711
    Assets (EOY)
    $9,035,032

  • 2014 · 990

    Revenue
    $1,272,064
    Expenses
    $965,771
    Assets (EOY)
    $9,597,540

  • 2013 · 990

    Revenue
    $3,892,580
    Expenses
    $928,244
    Assets (EOY)
    $9,112,898

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $1,021,712
    Assets (EOY)
    $5,683,766

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 23 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.