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Krum Isd Education Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454736881 ✦ Krum, TX ✦ Designated as a 501(c)(3)

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Overview

What is Krum Isd Education Foundation Inc?

Krum ISD Education Foundation Inc, located in Krum, Texas, is a dedicated nonprofit organization with a primary mission to augment the local school district's educational programs and projects. Their goal is to solicit, manage, and distribute supplemental funds that align with the district's improvement plan, focusing on areas not covered by the standard budget or tax dollars. By doing so, the foundation aims to foster excellence in education, providing enrichment opportunities in various designated program areas. The Krum ISD Education Foundation's mission unites stakeholders to financially support exceptional educational experiences, ultimately contributing to a well-rounded learning environment for students in the district.


Official website here: www.krumisdeducationfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Star rating)

The Krum ISD Education Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With an overall score of 97%, the organization demonstrates strong governance practices, including a fully independent board and effective policies for conflict of interest and whistleblower protections.

The foundation's financial management is also commendable, showcasing a low liabilities-to-assets ratio of 10.26% and a program expense ratio of 76.64%, indicating that the majority of its resources are directed towards its programs. Furthermore, the foundation scores exceptionally well on leadership and adaptability, which speaks to its strategic planning and responsiveness to community needs.

There are no significant limitations noted in the organization’s data, indicating robust operational practices. Overall, the Krum ISD Education Foundation Inc stands out as a well-managed nonprofit focused on making a positive impact in education.


This AI summary has been generated from information found on Charity Navigator.

Is Krum Isd Education Foundation Inc legitimate?

Krum Isd Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Krum Isd Education Foundation Inc 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.krumisdeducationfoundation.org

What is the mission statement of Krum Isd Education Foundation Inc?

The Krum ISD Education Foundation's mission is geared towards enhancing educational excellence by providing supplemental funds for enrichment purposes in designated program areas, which are not covered by the school district's budget. The foundation aims to bring stakeholders together, financially supporting exceptional educational experiences that fall outside the district's budgetary guidelines. Its primary objective is to solicit, manage and distribute supplemental funds that align with the district's improvement plan, creating a perpetual source of funds for educational programs and projects that are not financially feasible within the district's budgetary constraints. The foundation plays a crucial role in expanding educational opportunities and experiences beyond the scope of the school district's budget.


Official website here: www.krumisdeducationfoundation.org

Who is the CEO of Krum Isd Education Foundation Inc?

Bradley Mcbride is the Secretary of Krum Isd Education Foundation Inc.


Official website here: www.krumisdeducationfoundation.org

What is the revenue of Krum Isd Education Foundation Inc?

Krum Isd Education Foundation Inc's revenue in 2023 was $186,856.


Official website here: www.krumisdeducationfoundation.org

Who are the executives of Krum Isd Education Foundation Inc and what are their salaries?


Here are 6 key members and their salaries:


Amanda Cole (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Sullivan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Rose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley Mcbride (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lupe Ramirez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Millican (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.krumisdeducationfoundation.org

Where can I find the form 990 for Krum Isd Education Foundation Inc?

Krum Isd Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.krumisdeducationfoundation.org

Learn more at the official website: www.krumisdeducationfoundation.org

Mission Statement of Krum Isd Education Foundation Inc

Krum ISD Education Foundation Inc's mission is centered around fostering excellence in education. This nonprofit organization was established with the primary goal of providing supplemental funds for enrichment purposes in designated program areas that are not otherwise funded by Krum ISD. By bringing together various stakeholders, the foundation aims to financially support exceptional educational experiences. The primary purpose of Krum ISD Education Foundation Inc is to solicit, manage, and distribute supplemental funds that align with the district's improvement plan. The foundation seeks to establish a perpetual source of funds for educational programs and projects that fall outside of the budgetary guidelines of Krum ISD or for which tax dollars cannot be expended.

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Impact




October, 2024

Krum ISD Education Foundation Inc plays a vital role in enhancing the educational landscape within Krum Independent School District. By providing supplemental funds for enrichment purposes in designated program areas, the foundation addresses specific needs that are not otherwise covered by the district's budget. This targeted financial support enables the development of innovative programs that foster excellence in education.

The foundation actively solicits and manages funds, ensuring that resources are aligned with the district's improvement plan. Through its efforts, it creates a continuous source of funding for educational projects that enhance the learning experience for students. This commitment to bringing stakeholders together allows for a collaborative approach to funding exceptional educational experiences, ultimately contributing to the overall growth and success of Krum ISD.

By bridging the financial gaps in education, the foundation not only enriches the curriculum but also empowers educators and inspires students. Its impact can be seen in the variety of programs and projects it supports, which may include technology initiatives, arts education, and extracurricular activities that extend beyond standard educational offerings.




This information is meant to be a general summary of Krum Isd Education Foundation Inc. 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.

Revenue
$186,856 (2023)
Expenses
$108,452 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $15,248
  • Gross Receipts: $213,655

Assets and Liabilities:

  • Total Assets: $612,708
  • Total Liabilities: $62,898
  • Net Assets: $549,810

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Organization Details

Founding Year

2013

Principal Officer

Bradley Mcbride

Main Address

1200 BOBCAT BOULEVARD, KRUM, TX, 76249

NTEE Category

Code: B12 - Education

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