Sweeny Isd Education Foundation

Tax-deductible

Sweeny, TX501(c)(3)Since 2003EducationEIN 43-1995210

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To provide grants to the Sweeny Independent School District that will be used by the district to accomplish the districts educational purposes and activities

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $13K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $92K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$750
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$279K
+16% vs prior year
Spent
$186K
To programs
74%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$279K
FY2024▲ +16%
Revenue by fiscal year
FY2020$95K
FY2021$146K
FY2022$226K
FY2023$214K
FY2024$242K
FY2024$279K
Expenses
$186K
FY2024▲ +34%
Expenses by fiscal year
FY2020$6K
FY2021$103K
FY2022$369K
FY2023$368K
FY2024$139K
FY2024$186K
Net assets
$4.9M
FY2024▲ +2%
Net assets by fiscal year
FY2020$4.8M
FY2021$4.8M
FY2022$4.7M
FY2023$4.7M
FY2024$4.8M
FY2024$4.9M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2003.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $138K Management & general 26% · $48K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sweeny Isd Education 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds schools for educational purposes and activities.

Provided by the organization

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3 program services account for $138K of program spending, described in the organization's own filed words · FY2024.
01

The Catalyst Program, part of the Career and Technical Education department, partners with Brazosport College where a student can obtain their Associates Degree by the time they graduate high school in a high-demand field.

$91Kprogram expense
02

Bright Minds Grant Program is a program that provides funding for speacial projects or items to help Sweeny ISD meet its academic goals. It recognizes and rewards for innovative and creative academic approaches.

$42Kprogram expense
03

The Foundation receives funds to support multiple programs and events for the District, including but not limited to Convocation, STEM, Walk of Honor

$5Kprogram expense

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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
Total grants receivedfrom 1 funder$92K
Grants paid · 6 grants · $368K · 2019–2022
Sweeny Independent School DistrictFY2022$83,044
Dolly Parton Imagination LibraryTN · FY2022$12,000
Sweeny Independent School DistrictFY2021$222,854
Dolly Parton Imigation LibraryTN · FY2021$12,000
Sweeny Independent School DistrictFY2020$33,430
Sweeny Independent School DistrictFY2019$4,984

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$279K
Ln 12
Investment incomeLn 3$173K
Gifts and grantsLn 1h$106K
Money outPt IX
$186K
Ln 25
Programscol B$138K
Managementcol C$48K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$311K
Total assetsLn 16$4.9M
LiabilitiesLn 26$750
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Investment incomeLn 3$173K
Total revenueLn 12$279K
Assets in detailPt X, end of year
CashLn 1$311K
Cash and savings togetherLn 1–2$311K
InvestmentsLn 11–13$4.6M
Total assetsLn 16$4.9M
LiabilitiesLn 26$750
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$641K$311K
InvestmentsLn 11–13$4.1M$4.6M
Total assetsLn 16$4.8M$4.9M
LiabilitiesLn 26$0$750
Net assetsLn 32$4.8M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$138K$138K
Pay of current officers, directors and key staffLn 5$16K$0$16K$0
Accounting feesLn 11c$1K$0$1K$0
Other fees for servicesLn 11g$19K$0$19K$0
Office expensesLn 13$136$0$136$0
OccupancyLn 16$250$0$250$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$10K$0$10K$0
Total functional expensesLn 25$186K$138K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $242K$139K$103K$4.8M 990 PDF
FY2023 $214K$368K−$154K$4.7M 990 PDF
FY2022 $226K$369K−$143K$4.7M 990 PDF
FY2021 $146K$103K$43K$4.8M 990 PDF
FY2020 $95K$6K$88K$4.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $278,963 across 4 lines filed
VIII-1f All other contributions, gifts and grants$105,696
VIII-1h Total contributions, gifts and grants$105,696
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$173,267
VIII-12 Total revenueRelated to mission $173,267 · Unrelated business $0 · Excluded from tax $0$278,963
Part IX · Statement of functional expenses $186,363 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $138,234$138,234
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $16,415 · Fundraising $0$16,415
IX-11c Accounting feesPrograms $0 · Management $1,020 · Fundraising $0$1,020
IX-11g Other fees for servicesPrograms $0 · Management $18,750 · Fundraising $0$18,750
IX-13 Office expensesPrograms $0 · Management $136 · Fundraising $0$136
IX-16 OccupancyPrograms $0 · Management $250 · Fundraising $0$250
IX-23 InsurancePrograms $0 · Management $1,415 · Fundraising $0$1,415
IX-24 Other expenses (24a–d)Programs $0 · Management $10,143 · Fundraising $0$10,143
IX-25 Total functional expensesPrograms $138,234 · Management $48,129 · Fundraising $0$186,363
Part X · Balance sheet $4,896,039 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $641,171$310,745
X-4 Accounts receivableStart of year $78,143$0
X-9 Prepaid expenses and deferred charges$35,002
X-12 Other securitiesStart of year $4,083,375$4,550,292
X-16 Total assetsStart of year $4,802,689$4,896,039
X-19 Deferred revenue$750
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $0$750
X-28 Net assets with donor restrictionsStart of year $4,802,689$4,895,289
X-32 Total net assets or fund balancesStart of year $4,802,689$4,895,289
X-33 Total liabilities and net assetsStart of year $4,802,689$4,896,039
Part XI · Reconciliation of net assets $4,895,289 net assets at year end
XI-1 Total revenue$278,963
XI-2 Total expenses$186,363
XI-3 Revenue less expenses$92,600
XI-4 Net assets at start of year$4,802,689
XI-10 Net assets at end of year$4,895,289

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

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