Foundation for Excellence FY2021 filing

EIN 75-2200565 Supporting organization Lubbock, TX
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Revenue & expenses by yearFY2020–FY2025
Revenue
$230K
FY2021▲ +31%
Expenses
$128K
FY2021▼ -4%

Form 990 for the fiscal year ending August 2021 (IRS tax year 2020).


Grants help Lubbock ISD students fund extracurricular activities beyond school budgets. For fiscal year 2021 it reported $230K in revenue, $128K in expenses, and $776K in net assets.Pt I

Type
Supporting organization · Nonprofit
Location
Lubbock, TX
Filings
6 on file (2020–2021)
Revenue
$230KFY2021
Expenses
$128K
Net assets
$776K
People
30
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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Size
$100K–1M
What they do
Grants help Lubbock ISD students fund extracurricular activities beyond school budgets.
Leadership
Danny Johnston · Member
Money in and out
$230K revenue, $128K expenses
Bottom line
+44% net inflow

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 2 funders, incl. Morgan Stanley Global Impact Funding Trust INC

$85K in the latest grant year. Details →

Spent on programs?

good 100% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↑ +31% vs prior year Details →

Money in and out · FY2021
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$128K
Pt IX · Ln 25
Net assets
$776K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $101K
Where spending went · Part IX cols B–D
Program services $1.00
Net inflow
+44%
revenue over expenses, this year
Pass-through gifts
103%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$776K
FY2021▲ +15%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19$101K
Total assetsPt X · Ln 16$776K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 330
Independent voting membersPt I · Ln 430

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CFoundation for Excellence
EINHdr · item D75-2200565
Principal addressHdr · item CLubbock, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a30
Independent voting membersPt VI · Ln 1b30
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Foundation for Excellence executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $128K of program spending, described in the organization's own filed words · FY2020.
01

GRANTS/EDUCATIONAL costs for students of lubbock isd to participate in activities above and beyond the scope of the district's financial policies

$128Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$236K · 103%
Investment income$17K · 7%
Contributions & grants103%$236K
Investment income7%$17K
Total revenueLn 12$230K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$128K
Total functional expensesLn 25$128K

Balance Sheet

Part X · end of year
CashLn 1$776K
Total assetsLn 16$776K
Total liabilitiesLn 26$0
Total net assetsLn 32$776K
Months of cash on handcomputed72.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $776K · Operating expenses/yr $128K
72.7 months
Where the money goes
Program services
Program services $128K · Total expenses $128K
100%
Management & General
Management & general $0 · Total expenses $128K
0%
Fundraising
Fundraising $0 · Total expenses $128K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $170K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $236K · Total revenue $230K
103%
Government reliance
Government grants — · Total revenue $230K
—
Earned-income share
Program service revenue $0 · Total revenue $230K
0%
Investment reliance
Investment income $17K · Total revenue $230K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $128K
0%
Growth & trend
Revenue growth (YoY)
This year $230K · Prior year $176K
+31%
Net-asset trend (YoY)
End of year $776K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $230K · Expenses $128K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $776K
—
Net-asset ratio
Net assets $776K · Total assets $776K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $776K
0%
People & payroll
Highest Reported Total Compensation
Individual Danny Johnston · Reported title MEMBER · Highest reported compensation $0 · Total expenses $128K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $128K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth 31%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 2 funders$85K
Grants paid · 14 grants · $3.2M · 2019–2024
Lubbock Independent School DiFY2024$171,724
Unitemized GrantFY2024$33,491
Texas Tech Foundation INCTX · FY2024$10,000
Community Foundation of WestFY2024$7,702
Lubbock Independent School DiFY2023$184,826
Unitemized GrantFY2023$49,539
Lubbock Independent School DiFY2022$2,165,829
Unitemized GrantFY2022$51,156
Lubbock Independent School DiFY2021$224,912
Unitemized GrantFY2021$26,818
Lubbock IsdFY2020$99,524
Unitemized GrantFY2020$26,413
Lubbock Isdbyron Martin AtcFY2019$113,528
Unitemized GrantFY2019$18,407

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$250K revenue · ⤓ 990 PDF
FY2024$243K revenue · ⤓ 990 PDF
FY2023$2.2M revenue · ⤓ 990 PDF
FY2022$341K revenue · ⤓ 990 PDF
FY2021$230K revenue · viewing · ⤓ 990 PDF
FY2020$176K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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