Overview
What is Frisco Education Foundation?
The Frisco Education Foundation, located in Frisco, Texas, serves as a nonprofit organization with a primary focus on providing educational support. They offer scholarships to deserving high school graduates within the Frisco Independent School District. Beyond scholarships, the foundation extends its aid to educational programs and educators within the district through its initiative called "Grants for Great Ideas." This program aims to foster innovation and improvement in the educational sector by funding innovative ideas and projects proposed by teachers and staff within the district.
Official website here: www.friscoeducationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Frisco Education Foundation has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The organization's overall score is derived entirely from its accountability and finance metrics, where it scored an impressive 96%. This high score indicates that the foundation demonstrates transparency and responsible management of its financial resources, essential traits for donor trust.
One of the notable strengths of the Frisco Education Foundation is its governance, featuring a board composed entirely of independent members, which aligns with best practices in nonprofit management. The foundation has also reported no material diversion of assets and maintains a robust conflict of interest policy, showcasing its dedication to ethical standards. Additionally, the foundation's strong program expense ratio of 83.36% indicates that a significant portion of its expenses directly supports its educational initiatives.
While the data reflects a solid financial standing and governance, potential donors should recognize that the rating is focused solely on accountability and finance. There may be other factors such as program impact and community engagement that are not captured in this score. However, the foundation's commitment to maintaining high standards in these areas positions it well for ongoing trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Frisco Education Foundation legitimate?
Frisco Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frisco Education Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.friscoeducationfoundation.org
What is the mission statement of Frisco Education Foundation?
The Frisco Education Foundation's mission is centered around two main objectives. Firstly, it aims to offer scholarships to students graduating from high schools within the Frisco Independent School District. Secondly, the foundation supports educational programs and educators within the district through its 'Grants for Great Ideas' initiative. By providing financial aid and resources, the Frisco Education Foundation seeks to enhance the learning experiences and opportunities for students, as well as bolster the capabilities of teachers in the district.
Official website here: www.friscoeducationfoundation.org
Who is the CEO of Frisco Education Foundation?
Renee Sample is the Immediate Past President of Frisco Education Foundation.
Official website here: www.friscoeducationfoundation.org
What is the revenue of Frisco Education Foundation?
Frisco Education Foundation's revenue in 2023 was $1,081,977.
Official website here: www.friscoeducationfoundation.org
Who are the executives of Frisco Education Foundation and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.friscoeducationfoundation.org
Where can I find the form 990 for Frisco Education Foundation?
Frisco Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.friscoeducationfoundation.org
Learn more at the official website: www.friscoeducationfoundation.org
Mission Statement of Frisco Education Foundation
The Frisco Education Foundation, as an organization, is committed to two primary objectives. Firstly, it provides financial assistance in the form of scholarships to deserving high school graduates within the Frisco Independent School District. Secondly, the foundation supports various educational programs and educators within the district through its initiative called 'Grants for Great Ideas'. This program aims to enhance the quality of education and foster innovative teaching methods by providing necessary resources and funds to educators with creative and impactful educational concepts. In this way, the Frisco Education Foundation contributes to the overall development of the students and the educational system within the district.
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Impact
October, 2024
Frisco Education Foundation significantly impacts the Frisco Independent School District by providing scholarships to graduating high school students, enabling them to pursue further education and achieve their academic goals. This financial support alleviates the burden of tuition costs, allowing students to focus on their studies and future career aspirations.
Additionally, the Foundation enhances the educational experience within the district by funding innovative programs through its Grants for Great Ideas initiative. This grants program empowers educators to implement creative projects that enrich student learning and foster a dynamic educational environment. By investing in both students and teachers, the Foundation plays a crucial role in creating a robust educational framework that benefits the entire Frisco community.
This information is meant to be a general summary of Frisco Education Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $125,507
- Gross Receipts: $1,088,977
Assets and Liabilities:
- Total Assets: $4,999,518
- Total Liabilities: $218,437
- Net Assets: $4,781,081
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Organization Details
Founding Year
1999
Principal Officer
Renee Sample
Main Address
PO Box 567, Frisco, TX, 75034
NTEE Category
Code: T70 - Philanthropy
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