Midway Isd Education Foundation INC

Tax-deductible

Woodway, TX501(c)(3)Since 1999EducationEIN 74-2914982Revenue $452K in FY2025

On file with the IRSmidwayisd.org13885 Woodway Dr, 76712-7621 · Woodway, TXTax-exempt since Apr 2000Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Midway Isd Education Foundation is to generate and distribute resources to the Midway independent school district for creative or innovative programs and projects that enhance the quality of Education for our students.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 29 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $167K a year · 39% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 17% of spending
Top officer’s pay lower than 61% of similar orgs
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
196 mo
of spending, in cash
Looks good: 195.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $12K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$15K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$452K
-19% vs prior year
Spent
$283K
To programs
79%
Net assets
$4.7M
By yearFY2020–FY2025
Revenue
$452K
FY2025▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$328K
FY2021$393K
FY2022$414K
FY2023$435K
FY2024$555K
FY2025$452K
Expenses
$283K
FY2025▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$221K
FY2021$221K
FY2022$238K
FY2023$256K
FY2024$354K
FY2025$283K
Net assets
$4.7M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$3.2M
FY2022$2.9M
FY2023$3.6M
FY2024$4.2M
FY2025$4.7M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2000.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $224K Management & general 21% · $59K Fundraising 0% · $321

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

26 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$48,433Pt VII · Sec A
Past President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
VP - Development
$0Pt VII · Sec A
VP - Special Events
$0Pt VII · Sec A
VP - Administration
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Ashley Futris’s $48K as Executive Director is at the 39th percentile of top reported officer pay among 1613 $100K–1M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ashley Futris$48,433$46,883$45,292———
Susan Suzi Pagel———$46,131$45,457$43,219
Susan Pagel Until 0130——$5,317———

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 Midway Isd Education Foundation INC 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 creative programs and projects to enhance student education.

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Provided by the organization

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3 programs · $207K · in their own filed words · FY2025
01

Classroom Grant Programs

The foundation provides funds to enhance educational programs and activities that are outside the scope of the typical school budget. Grants for great ideas allows classroom teachers to request funds to implement creative and innovative learning programs at all campuses in the midway independent school district.

$171Kprogram expense
02

Showcase of Stars Academic Recognition Presentation

Honors the highest-achieving scholars from the current senior class. Each student selects a teacher from the district who has made the biggest impact on their academic success. Fifty senior scholars were honored along with fifty teachers at the 2025 presentation.

$34Kprogram expense
03

Academic Letter Jackets

Midway high school students can letter in academics through this program that honors students who consistently achieve high grade point averages. Students maintaining a gpa of 95 or higher for three consecutive semesters receive an academic patch.

$2Kprogram 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
Total grants receivedfrom 3 funders$12K
See all 3 funders →
Grants paid · 34 grants · $1.0M · 2020–2025
Midway IsdFY2025$170,500
Unitemized GrantFY2025$3,000
Unitemized GrantFY2025$2,774
Unitemized GrantFY2025$1,975
Unitemized GrantFY2025$250
Midway IsdFY2024$209,807
Unitemized GrantFY2024$12,200
Unitemized GrantFY2024$2,603
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$250
Midway IsdFY2023$145,544
Unitemized GrantFY2023$14,131
Unitemized GrantFY2023$2,800
Unitemized GrantFY2023$2,500
Unitemized GrantFY2023$2,049
Unitemized GrantFY2023$250
Midway IsdFY2022$122,588
Unitemized GrantFY2022$10,000
See all 34 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$452K
Ln 12
Gifts and grantsLn 1h$365K
Investment incomeLn 3$87K
Money outPt IX
$283K
Ln 25
Programscol B$224K
Managementcol C$59K
Fundraisingcol D$321
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$4.7M
LiabilitiesLn 26$15K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$365K
Noncash giftsLn 1g$30K
Investment incomeLn 3$87K
Total revenueLn 12$452K
Assets in detailPt X, end of year
CashLn 1$301K
SavingsLn 2$4.3M
Cash and savings togetherLn 1–2$4.6M
Total assetsLn 16$4.7M
LiabilitiesLn 26$15K
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 51
VolunteersI 629
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$4.1M$4.6M
Total assetsLn 16$4.2M$4.7M
LiabilitiesLn 26$5K$15K
Net assetsLn 32$4.2M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$170K$170K
Grants to domestic individualsLn 2$10K$10K
Other salaries and wagesLn 7$30K$30K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$46K$40K$6K$321
Conferences, conventions and meetingsLn 19$4K$3K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$293$293
Total functional expensesLn 25$283K$224K$59K$321

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $452K$283K$169K$4.7M 990 PDF
FY2024 $555K$354K$201K$4.2M 990 PDF
FY2023 $435K$256K$178K$3.6M 990 PDF
FY2022 $414K$238K$176K$2.9M 990 PDF
FY2021 $393K$221K$172K$3.2M 990 PDF
FY2020 $328K$221K$107K$2.7M 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 FY2025 990 (6 parts)
Part I · Summary $451,817 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $443,996$365,078
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $108,978$86,739
I-11 Other revenuePrior year $1,806$0
I-12 Total revenuePrior year $554,780$451,817
I-13 Grants and similar amounts paidPrior year $229,945$180,905
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $31,311$31,996
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $92,839$69,967
I-18 Total expensesPrior year $354,095$282,868
I-19 Revenue less expensesPrior year $200,685$168,949
Part VI · Governance 24 of 24 board members independent, 1 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $451,817 across 5 lines filed
VIII-1f All other contributions, gifts and grants$365,078
VIII-1g Noncash contributions (included above)$29,917
VIII-1h Total contributions, gifts and grants$365,078
VIII-3 Investment incomeExcluded from tax $86,739$86,739
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $86,739$451,817
Part IX · Statement of functional expenses $282,868 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $170,500$170,500
IX-2 Grants to domestic individualsPrograms $10,405$10,405
IX-7 Other salaries and wagesManagement $29,722$29,722
IX-10 Payroll taxesManagement $2,274$2,274
IX-11c Accounting feesManagement $7,000$7,000
IX-12 Advertising and promotionManagement $10,394$10,394
IX-13 Office expensesPrograms $39,717 · Management $5,515 · Fundraising $321$45,553
IX-19 Conferences, conventions and meetingsPrograms $2,980 · Management $1,329$4,309
IX-23 InsuranceManagement $2,418$2,418
IX-24 Other expenses (24a–d)Management $293$293
IX-25 Total functional expensesPrograms $223,602 · Management $58,945 · Fundraising $321$282,868
Part X · Balance sheet $4,700,831 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $123,778$300,599
X-2 Savings and temporary cash investmentsStart of year $3,960,174$4,318,164
X-3 Pledges and grants receivableStart of year $85,115$82,068
X-16 Total assetsStart of year $4,169,067$4,700,831
X-18 Grants payableStart of year $4,713$15,315
X-26 Total liabilitiesStart of year $4,713$15,315
X-27 Net assets without donor restrictionsStart of year $4,005,836$4,507,751
X-28 Net assets with donor restrictionsStart of year $158,518$177,765
X-32 Total net assets or fund balancesStart of year $4,164,354$4,685,516
X-33 Total liabilities and net assetsStart of year $4,169,067$4,700,831
Part XI · Reconciliation of net assets $4,685,516 net assets at year end
XI-1 Total revenue$451,817
XI-2 Total expenses$282,868
XI-3 Revenue less expenses$168,949
XI-4 Net assets at start of year$4,164,354
XI-5 Net unrealized gains (losses) on investments$370,244
XI-7 Investment expenses−$18,031
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,685,516

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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