Amarillo I S D Foundation FY2024 filing

Tax-deductible

Amarillo, TX501(c)(3)EducationEIN 75-2256608

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To provide educational classroom grants to the public schools of the Amarillo Independent School District

501(c)(3) charity; gifts are tax-deductible.
5¢ of each $1 spent went to programs.
$36K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
0 of 5
filings with a surplus
Average deficit $19K a year · 25% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
5%
of spending
Concern: 5% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 69% of spending
Concern: pay to officers and key staff is 69% of spending; over 30%.
Pt VII · Sec A
Cash reserves
26 mo
of spending, in cash
Looks good: 25.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $384K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$628K
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46K
-59% vs prior year
Spent
$52K
To programs
5%
Net assets
$23K
By yearFY2020–FY2025
Revenue
$46K
FY2024▼ -59%
Revenue by fiscal year
FY2020$76K
FY2021$87K
FY2023$112K
FY2024$46K
FY2025$62K
Expenses
$52K
FY2024▼ -64%
Expenses by fiscal year
FY2020$103K
FY2021$92K
FY2023$143K
FY2024$52K
FY2025$89K
Net assets
$23K
FY2024▼ -11%
Net assets by fiscal year
FY2020$76K
FY2021$72K
FY2023$26K
FY2024$23K
FY2025−$4K

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1989.

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

Where the money goes

5 cents of each dollar spent went to programs.

Program services 5% · $3K Management & general 95% · $49K

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

4 people listed on the 990; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$35,776Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Susan Stevenson’s $36K as Executive Director is at the 82nd percentile of top reported officer pay among 146 <$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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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 classroom grants for Amarillo Independent School District public schools.

Provided by the organization

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1 program service account for $3K of program spending, described in the organization's own filed words · FY2023.
01

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

$3Kprogram 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 2 funders$384K
Grants paid · 4 grants · $187K · 2019–2024
Individual RecipientFY2024$20,112
Amarillo Ind School DistrictFY2022$81,871
Amarillo Ind School DistrictFY2020$42,510
Amarillo Ind School DistrictFY2019$42,510

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$46K
Ln 12
Gifts and grantsLn 1h$25K
Other incomeLn 4–11$20K
Investment incomeLn 3$1K
Money outPt IX
$52K
Ln 25
Programscol B$3K
Managementcol C$49K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$651K
LiabilitiesLn 26$628K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Investment incomeLn 3$1K
Other incomeLn 4–11$20K
Total revenueLn 12$46K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$102K
Cash and savings togetherLn 1–2$112K
InvestmentsLn 11–13$540K
Total assetsLn 16$651K
LiabilitiesLn 26$628K
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 51
VolunteersI 625
Fiscal year endsHeaderJune
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$110K$112K
InvestmentsLn 11–13$567K$540K
Total assetsLn 16$677K$651K
LiabilitiesLn 26$651K$628K
Net assetsLn 32$26K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Pay of current officers, directors and key staffLn 5$36K$0$36K$0
Payroll taxesLn 10$5K$0$5K$0
Accounting feesLn 11c$4K$0$4K$0
Office expensesLn 13$115$0$115$0
Other expenses (24a–d)Ln 24$4K$0$4K$0
Total functional expensesLn 25$52K$3K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $62K$89K−$27K−$4K 990 PDF
FY2024 Viewing $46K$52K−$5K$23K 990 PDF
FY2023 $112K$143K−$32K$26K 990 PDF
FY2022 Not on file
FY2021 $87K$92K−$4K$72K 990 PDF
FY2020 $76K$103K−$27K$76K 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 $46,227 across 5 lines filed
VIII-1f All other contributions, gifts and grants$25,191
VIII-1h Total contributions, gifts and grants$25,191
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,174
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $19,862$19,862
VIII-12 Total revenueRelated to mission $1,174 · Unrelated business $0 · Excluded from tax $19,862$46,227
Part IX · Statement of functional expenses $51,723 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $2,512$2,512
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $35,776 · Fundraising $0$35,776
IX-10 Payroll taxesPrograms $0 · Management $4,719 · Fundraising $0$4,719
IX-11c Accounting feesPrograms $0 · Management $4,215 · Fundraising $0$4,215
IX-13 Office expensesPrograms $0 · Management $115 · Fundraising $0$115
IX-24 Other expenses (24a–d)Programs $0 · Management $4,386 · Fundraising $0$4,386
IX-25 Total functional expensesPrograms $2,512 · Management $49,211 · Fundraising $0$51,723
Part X · Balance sheet $651,191 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $6,575$9,953
X-2 Savings and temporary cash investmentsStart of year $103,114$101,724
X-11 Publicly traded securitiesStart of year $567,262$539,514
X-16 Total assetsStart of year $676,951$651,191
X-17 Accounts payable and accrued expensesStart of year $56,210$120
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $650,584$627,807
X-32 Total net assets or fund balancesStart of year $26,367$23,384
X-33 Total liabilities and net assetsStart of year $676,951$651,191
Part XI · Reconciliation of net assets $23,384 net assets at year end
XI-1 Total revenue$46,227
XI-2 Total expenses$51,723
XI-3 Revenue less expenses−$5,496
XI-4 Net assets at start of year$26,367
XI-10 Net assets at end of year$23,384

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

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