Foundation for Excellence FY2024 filing

Lubbock, TX · Supporting organization

✓ Tax-deductible Latest data FY2024
Revenue
$243K
▼ -89% vs prior year
Spent
$243K
To programs
98%
Net assets
$871K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending August 2024 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. Morgan Stanley Global Impact Funding Trust INC
$85K in the latest grant year.
Spent on programs?
98% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -89% vs prior year
Legal name (IRS)Hdr · item CFoundation for Excellence
EINHdr · item D75-2200565
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1988
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CLubbock, TX
NTEE classificationIRS BMFNonprofit

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$239K
Management & general2%$5K
Total functional expensesLn 25$243K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$243K
FY2024▼ -89%
Expenses
$243K
FY2024▼ -89%
Net inflow
-0.07%
revenue over expenses, this year
Pass-through gifts
94%
of revenue from contributions
Program spending
98%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$871K
FY2024-0.02%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19−$173
Total assetsPt X · Ln 16$871K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 334
Independent voting membersPt I · Ln 434

Balance Sheet

Part X · end of year
CashLn 1$871K
Total assetsLn 16$871K
Total liabilitiesLn 26$0
Total net assetsLn 32$871K
Months of cash on handcomputed43.0

Statement of Revenue

Part VIII
Contributions & grants$229K · 94%
Investment income$16K · 6%
Contributions & grants94%$229K
Investment income6%$16K
Total revenueLn 12$243K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $871K · Operating expenses/yr $243K
43.0 months
Where the money goes
Program services
Program services $239K · Total expenses $243K
98%
Management & General
Management & general $5K · Total expenses $243K
2%
Fundraising
Fundraising $0 · Total expenses $243K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $934K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $229K · Total revenue $243K
94%
Government reliance
Government grants — · Total revenue $243K
—
Earned-income share
Program service revenue $0 · Total revenue $243K
0%
Investment reliance
Investment income $16K · Total revenue $243K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $243K
0%
Growth & trend
Revenue growth (YoY)
This year $243K · Prior year $2.2M
-89%
Revenue CAGR
FY2019 $176K · FY2023 $243K
+8%
Net-asset trend (YoY)
End of year $871K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $243K · Expenses $243K
-0.07%
Liabilities-to-Assets
Total liabilities — · Total assets $871K
—
Net-asset ratio
Net assets $871K · Total assets $871K
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) $871K
0%
People & payroll
Highest Reported Total Compensation
Individual Jason Ratliff · Reported title Director · Highest reported compensation $0 · Total expenses $243K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $243K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio 0%——
Revenue growth -89%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1%——
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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Scholarship Chr
$0Pt VII · Sec A
$0Pt VII · Sec A
See Foundation for Excellence executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a34
Independent voting membersPt VI · Ln 1b34
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

Mission and programs

Grants help Lubbock ISD students fund extracurricular activities beyond school budgets.

Provided by the organization

This section is blank until Foundation for Excellence claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $239K of program spending, described in the organization's own filed words · FY2023.
01

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

$239Kprogram expense

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Funders

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

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

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $250K$261K+3% 990 PDF
FY2024 Viewing $243K$243K-89% 990 PDF
FY2023 $2.2M$2.2M+557% 990 PDF
FY2022 $341K$262K+49% 990 PDF
FY2021 $230K$128K+31% 990 PDF
FY2020 $176K$134K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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