Amarillo I S D Foundation EIN 75-2256608 Form 990 (PDF) Claim this org

Amarillo I S D Foundation FY2021 filing

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Funds classroom grants for Amarillo Independent School District public schools. For fiscal year 2021 it reported $87K in revenue, $92K in expenses, and $72K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Amarillo, TX
Website
www.amarilloed.org
Filings
5 on file (2020–2021)
Revenue
$87KFY2021
Expenses
$92K
Net assets
$72K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-2256608 Public charity (501(c)(3)) Amarillo, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Funds classroom grants for Amarillo Independent School District public schools.
Leadership
Susan Stevenson · Executive Director · $48K
Money in and out
$87K revenue, $92K expenses
Bottom line
33% program efficiency
Where the money goes · FY2021
Total revenue
$87K
Pt VIII · Ln 12
Total expenses
$92K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.33 Management & general $0.67
Program efficiency
33%
of spending reaches programs
Operating runway
82.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$87K
FY2021▲ +15%
Expenses
$92K
FY2021▼ -11%
Total assets
$631K
FY2021▼ -5%
Total liabilities
$559K
FY2021▼ -5%
Total revenue
$87K
Pt VIII · Ln 12
Total expenses
$92K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$631K
Program-expense ratioPt IX · col B33%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAmarillo I S D Foundation
EINHdr · item D75-2256608
Principal addressHdr · item CAmarillo, TX
WebsiteHdr · item Jwww.amarilloed.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20J)
Ruling yearIRS BMFAug 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
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
Executive Director
$47,741Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A

Susan Stevenson’s $36K as Executive Director is at the 81st percentile of top reported officer pay among 144 <$100K 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

NameFY2024FY2023FY2021FY2020
Susan Stevenson$35,776$49,730$47,741$47,741

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $31K of program spending, described in the organization's own filed words · FY2020.
01

The foundation provided classroom enrichment and teacher assistance grants to AISD.

$31Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$44K · 51%
Contributions & grants$43K · 49%
Other revenue51%$44K
Contributions & grants49%$43K
Investment income$47
— government grantsLn 1e$13K
Total revenueLn 12$87K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.33 Management & general $0.67
Program services33%$31K
Management & general67%$61K
Total functional expensesLn 25$92K

Balance Sheet

Part X · end of year
CashLn 1$139K
Total assetsLn 16$631K
Total liabilitiesLn 26$559K
Total net assetsLn 32$72K
Months of cash on handcomputed18.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $631K · Operating expenses/yr $92K
82.7 months
Where the money goes
Program services
Program services $31K · Total expenses $92K
33%
Management & General
Management & general $61K · Total expenses $92K
67%
Fundraising
Fundraising $0 · Total expenses $92K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $530 · Solicited contributions (2-yr avg) $25K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $43K · Total revenue $87K
49%
Government reliance
Government grants $13K · Total revenue $87K
15%
Earned-income share
Program service revenue $0 · Total revenue $87K
0%
Investment reliance
Investment income $47 · Total revenue $87K
+0.05%
Program self-sufficiency
Program service revenue $0 · Total expenses $92K
0%
Growth & trend
Revenue growth (YoY)
This year $87K · Prior year $76K
+15%
Net-asset trend (YoY)
End of year $72K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $87K · Expenses $92K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $631K
Net-asset ratio
Net assets $72K · Total assets $631K
11%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $492K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $631K
78%
People & payroll
Highest Reported Total Compensation
Individual Susan Stevenson · Reported title Executive Director · Highest reported compensation $48K · Total expenses $92K
52%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $51K · Total expenses $92K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 33%
Overhead ratio 67%
Fundraising cost ratio 0%
Revenue growth 15%
Accounting fee ratio 5%

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 · FY2024
Total grants receivedfrom 2 funders$384K
Grants paid · 4 grants · $187K · 2019–2024
Amarillo IsdFY2024$20,112
Amarillo Ind School DistrictFY2022$81,871
Amarillo Ind School DistrictFY2020$42,510
Amarillo Ind School DistrictFY2019$42,510

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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)$62K revenue · ⤓ 990 PDF
FY2024$46K revenue · ⤓ 990 PDF
FY2023$112K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$87K revenue · viewing · ⤓ 990 PDF
FY2020$76K 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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