Cy-Fair Educational Foundation exists to raise funds to increase college access for graduates of Cy-Fair isd by awarding scholarships and to promote excellence in teaching by providing funds for staff development programs.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.2M a year · 48% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $17.8M in investments, Pt X · Ln 11–13
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $118K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
65
of 65 voting members
Looks good: 65 of 65 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+13% vs prior year
Spent
$1.3M
To programs
70%
Net assets
$17.1M
By yearFY2021–FY2025
Revenue
$3.4M
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.5M
FY2022−$157K
FY2023$3.0M
FY2024$3.4M
FY2025$2.7M
Expenses
$1.3M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
FY2025$1.5M
Net assets
$17.1M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$14.7M
FY2022$13.3M
FY2023$15.1M
FY2024$17.1M
FY2025$18.3M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $931K Management & general 25% · $340K Fundraising 5% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

63 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$121,444Pt VII · Sec A
At Large Off
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marie Holmes’s $129K as Executive Di is at the 52nd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Marie Holmes$128,661$121,444$116,773$112,282$107,963

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cy-Fair Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises funds to provide college scholarships for Cy-Fair ISD graduates and grants for teacher staff development programs.

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2 programs · $931K · in their own filed words · FY2023
01

College Scholarships

Cy-fair educational foundation awarded college scholarships to 151 students. Scholarship recipients are evaluated based on economic necessity, academic achievement, leadership qualities, and other donor-imposed criteria. This program's objective is to increase college access for graduates of cy-fair isd.

$848Kprogram expense
02

Staff Development Grant

Cy-fair educational foundation provides a grant each year to the cy-fair isd from a portion of the proceeds of the "salute to the stars" fundraising event. The grant is to be used by the cy-fair isd to promote excellence in teaching by funding selected staff development.

$83Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 10 grants · $4.5M · 2020–2024
Unitemized GrantFY2024$927,280
Individual RecipientFY2024$71,929
Unitemized GrantFY2023$847,850
Individual RecipientFY2023$82,956
Unitemized GrantFY2022$830,599
Individual RecipientFY2022$81,417
Unitemized GrantFY2021$820,776
Cy-Fair IsdFY2021$83,649
Unitemized GrantFY2020$687,750
Cy-Fair IsdFY2020$81,478

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Investment incomeLn 3$2.0M
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$387K
Money outPt IX
$1.3M
Ln 25
Programscol B$931K
Managementcol C$340K
Fundraisingcol D$67K
Owns and owesPt X
$17.1M
net assets · Ln 32
Cash and savingsLn 1–2$574K
Total assetsLn 16$18.8M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
63
listed · VII A
PaidVII A1
Voting boardVI 1a65
IndependentVI 1b65
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$148K
Fundraising eventsLn 1c$70K
Investment incomeLn 3$2.0M
Other incomeLn 4–11$387K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$574K
Cash and savings togetherLn 1–2$574K
InvestmentsLn 11–13$17.8M
Other assetsLn 15$166K
Total assetsLn 16$18.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$17.1M
OperationsPt I, VI
EmployeesI 55
VolunteersI 6520
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$782K$574K
InvestmentsLn 11–13$15.5M$17.8M
Total assetsLn 16$16.5M$18.8M
LiabilitiesLn 26$1.4M$1.7M
Net assetsLn 32$15.1M$17.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$83K$83K
Grants to domestic individualsLn 2$848K$848K
Pay of current officers, directors and key staffLn 5$56K$56K
Pay of disqualified personsLn 6$67K$67K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$20K$20K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$35K$35K
Advertising and promotionLn 12$79K$12K$67K
Office expensesLn 13$43K$43K
Information technologyLn 14$11K$11K
OccupancyLn 16$46K$46K
InsuranceLn 23$12K$12K
Total functional expensesLn 25$1.3M$931K$340K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.7M$1.5M$1.2M$18.3M 990 PDF
FY2024 Viewing $3.4M$1.3M$2.1M$17.1M 990 PDF
FY2023 $3.0M$1.3M$1.8M$15.1M 990 PDF
FY2022 −$157K$1.2M−$1.4M$13.3M 990 PDF
FY2021 $3.5M$1.1M$2.4M$14.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,410,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $879,250$1,071,219
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,703,623$1,952,059
I-11 Other revenuePrior year $445,954$387,445
I-12 Total revenuePrior year $3,028,827$3,410,723
I-13 Grants and similar amounts paidPrior year $912,016$930,806
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $155,879$145,149
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $198,381$261,524
I-18 Total expensesPrior year $1,266,276$1,337,479
I-19 Revenue less expensesPrior year $1,762,551$2,073,244
Part VI · Governance 65 of 65 board members independent, 1 to look at
VI-1a Voting members of the governing body65
VI-1b Independent voting members65
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,410,723 across 7 lines filed
VIII-1c Fundraising events$69,997
VIII-1f All other contributions, gifts and grants$1,001,222
VIII-1g Noncash contributions (included above)$147,572
VIII-1h Total contributions, gifts and grants$1,071,219
VIII-3 Investment incomeExcluded from tax $1,952,059$1,952,059
VIII-8 Net income from fundraising events$387,445
VIII-12 Total revenueExcluded from tax $1,952,059$3,410,723
Part IX · Statement of functional expenses $1,337,479 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $82,956$82,956
IX-2 Grants to domestic individualsPrograms $847,850$847,850
IX-5 Pay of current officers, directors and key staffManagement $56,463$56,463
IX-6 Pay of disqualified personsManagement $66,806$66,806
IX-9 Other employee benefitsManagement $1,878$1,878
IX-10 Payroll taxesManagement $20,002$20,002
IX-11c Accounting feesManagement $34,993$34,993
IX-11g Other fees for servicesManagement $35,022$35,022
IX-12 Advertising and promotionManagement $12,331 · Fundraising $67,074$79,405
IX-13 Office expensesManagement $43,081$43,081
IX-14 Information technologyManagement $11,263$11,263
IX-16 OccupancyManagement $46,204$46,204
IX-23 InsuranceManagement $11,556$11,556
IX-25 Total functional expensesPrograms $930,806 · Management $339,599 · Fundraising $67,074$1,337,479
Part X · Balance sheet $18,840,573 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $782,432$574,490
X-4 Accounts receivableStart of year $251,689$273,963
X-9 Prepaid expenses and deferred chargesStart of year $23,020$26,148
X-11 Publicly traded securitiesStart of year $15,450,892$17,800,159
X-15 Other assets$165,813
X-16 Total assetsStart of year $16,508,033$18,840,573
X-17 Accounts payable and accrued expensesStart of year $87$4,086
X-18 Grants payableStart of year $1,409,308$1,425,319
X-19 Deferred revenueStart of year $36,333$101,600
X-25 Other liabilities$174,019
X-26 Total liabilitiesStart of year $1,445,728$1,705,024
X-27 Net assets without donor restrictionsStart of year $5,484,011$6,038,381
X-28 Net assets with donor restrictionsStart of year $9,578,294$11,097,168
X-32 Total net assets or fund balancesStart of year $15,062,305$17,135,549
X-33 Total liabilities and net assetsStart of year $16,508,033$18,840,573
Part XI · Reconciliation of net assets $17,135,549 net assets at year end
XI-1 Total revenue$3,410,723
XI-2 Total expenses$1,337,479
XI-3 Revenue less expenses$2,073,244
XI-4 Net assets at start of year$15,062,305
XI-10 Net assets at end of year$17,135,549

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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