To inspire and assist McKinney ISD students and teachers toward excellence and make a difference in a child's life through education. Although the Form 990 may reflect an operating deficit for the year ended June 30, 2024, this variance is offset by donor-restricted endowment earnings that were approved for release and used to support operations within the same fiscal year. As such, the reported deficit does not reflect a cash shortfall or structural financial imbalance.During FYE 2024, the Foundation transferred monies from endowment earnings to support its mission as follows: $175,000 to cover costs of College Advisors under the Dream Builders Program $143,622 to cover endowment management fees (assessed at 1.6% of the endowment fund balance) $669,700 for scholarships $99,504 for classroom and program grantsThese distributions were approved in accordance with the Foundations endowment spending policy and represent the purposeful use of donor-restricted funds.As a result, what may app

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 100 volunteers and 9 employees.
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
4 of 6
filings with a surplus
Average surplus $366K a year · 21% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$144K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $14.5M in investments, Pt X · Ln 11–13
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $125K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+61% vs prior year
Spent
$1.6M
To programs
75%
Net assets
$13.8M
By yearFY2020–FY2025
Revenue
$2.6M
FY2025▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.5M
FY2022$1.5M
FY2023$1.2M
FY2024$1.6M
FY2025$2.6M
Expenses
$1.6M
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.3M
FY2022$1.4M
FY2023$1.2M
FY2024$1.8M
FY2025$1.6M
Net assets
$13.8M
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.2M
FY2021$12.1M
FY2022$10.4M
FY2023$11.3M
FY2024$11.8M
FY2025$13.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1994.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $1.2M Management & general 18% · $300K Fundraising 7% · $109K

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

15 people listed on the 990; $144K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$144,500Pt VII · Sec A
Vp-Development
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Int. VP of Fin.
$0Pt VII · Sec A
VP at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sheila Due’s $144K as CEO is at the 61st percentile of top reported officer pay among 3395 $1–10M 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
Sheila Due$144,500—————
Ashley Sine——$91,688$91,688$82,026$84,591
Sheila Due-From 92023—$36,667————

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 McKinney Education Foundation 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 15aYes

Programs and updates

Supports McKinney ISD students and teachers to achieve educational excellence and improve children's lives.

Questions for McKinney Education Foundation

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2024
01

Scholarships Awarded

This program assists students in attending post-secondary programs at higher education institutions. In 2024-2025, $722,223 in scholarships was awarded. Classroom and Professional Development Grants: The McKinney ISD and McKinney community support this program. $77,818 total was funded for our teachers in 2024-2025.

$1.2Mprogram 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
See all 9 funders →
Grants paid · 12 grants · $4.3M · 2019–2024
Unitemized GrantFY2024$722,223
Unitemized GrantFY2024$77,818
Unitemized GrantFY2023$799,075
Unitemized GrantFY2023$99,504
Unitemized GrantFY2022$484,289
Unitemized GrantFY2022$101,875
Unitemized GrantFY2021$656,505
Unitemized GrantFY2021$115,039
Unitemized GrantFY2020$640,980
Unitemized GrantFY2020$100,911
Unitemized GrantFY2019$369,787
Unitemized GrantFY2019$133,148

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.2M
Investment incomeLn 3$319K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$300K
Fundraisingcol D$109K
Owns and owesPt X
$13.8M
net assets · Ln 32
Cash and savingsLn 1–2$748K
Total assetsLn 16$15.5M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Fundraising eventsLn 1c$331K
Investment incomeLn 3$319K
Gains on assetsLn 7$29K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$748K
SavingsLn 2$0
Cash and savings togetherLn 1–2$748K
InvestmentsLn 11–13$14.5M
Land, buildings, equipmentLn 10c$7K
Other assetsLn 15$0
Total assetsLn 16$15.5M
LiabilitiesLn 26$1.7M
Net assetsLn 32$13.8M
OperationsPt I, VI
EmployeesI 59
VolunteersI 6100
Fiscal year endsHeaderJune
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$697K$748K
InvestmentsLn 11–13$13.5M$14.5M
Land, buildings, equipmentLn 10c$11K$7K
Total assetsLn 16$14.3M$15.5M
LiabilitiesLn 26$2.4M$1.7M
Net assetsLn 32$11.8M$13.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$800K$800K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$162K$162K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$388K$198K$108K$82K
Pension plan contributionsLn 8$9K$4K$3K$2K
Other employee benefitsLn 9$9K$6K$2K$1K
Payroll taxesLn 10$47K$31K$9K$7K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$86K$12K$74K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$72K$72K
Other fees for servicesLn 11g$23K$15K$5K$4K
Advertising and promotionLn 12$2K$703$704$703
Office expensesLn 13$1K$377$376$377
Information technologyLn 14$22K$11K$4K$8K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$40$40
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$18K$15K$3K
All other expensesLn 24e$289$216$73
Total functional expensesLn 25$1.6M$1.2M$300K$109K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.6M$1.6M$906K$13.8M 990 PDF
FY2024 $1.6M$1.8M−$173K$11.8M 990 PDF
FY2023 $1.2M$1.2M−$40K$11.3M 990 PDF
FY2022 $1.5M$1.4M$121K$10.4M 990 PDF
FY2021 $1.5M$1.3M$276K$12.1M 990 PDF
FY2020 $2.1M$1.0M$1.1M$9.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,553,186 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,406,626$2,249,732
I-9 Program service revenue$0
I-10 Investment incomePrior year $171,601$319,037
I-11 Other revenuePrior year $7,415−$15,583
I-12 Total revenuePrior year $1,585,642$2,553,186
I-13 Grants and similar amounts paidPrior year $898,579$800,041
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $551,382$615,342
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $308,704$232,083
I-18 Total expensesPrior year $1,758,665$1,647,466
I-19 Revenue less expensesPrior year −$173,023$905,720
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,553,186 across 10 lines filed
Lines not itemized here account for $4,330 of total revenue; see the IRS return.
VIII-1c Fundraising events$331,398
VIII-1f All other contributions, gifts and grants$1,918,334
VIII-1h Total contributions, gifts and grants$2,249,732
VIII-3 Investment incomeExcluded from tax $290,012$290,012
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $29,025$29,025
VIII-8 Net income from fundraising eventsExcluded from tax −$35,409−$35,409
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,496$15,496
VIII-12 Total revenueRelated to mission $19,826 · Excluded from tax $283,628$2,553,186
Part IX · Statement of functional expenses $1,647,466 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $800,041$800,041
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $161,529$161,529
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $197,989 · Management $107,612 · Fundraising $82,489$388,090
IX-8 Pension plan contributionsPrograms $4,110 · Management $2,930 · Fundraising $2,246$9,286
IX-9 Other employee benefitsPrograms $6,081 · Management $1,849 · Fundraising $1,417$9,347
IX-10 Payroll taxesPrograms $30,637 · Management $9,314 · Fundraising $7,139$47,090
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $11,655 · Management $73,945$85,600
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $72,022$72,022
IX-11g Other fees for servicesPrograms $15,101 · Management $4,591 · Fundraising $3,519$23,211
IX-12 Advertising and promotionPrograms $703 · Management $704 · Fundraising $703$2,110
IX-13 Office expensesPrograms $377 · Management $376 · Fundraising $377$1,130
IX-14 Information technologyPrograms $10,537 · Management $4,025 · Fundraising $7,700$22,262
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $40$40
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $4,179$4,179
IX-23 InsuranceManagement $3,640$3,640
IX-24 Other expenses (24a–d)Management $14,646 · Fundraising $2,954$17,600
IX-24e All other expensesPrograms $216 · Management $73$289
IX-25 Total functional expensesPrograms $1,238,976 · Management $299,946 · Fundraising $108,544$1,647,466
Part X · Balance sheet $15,530,777 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $685,257$747,761
X-2 Savings and temporary cash investmentsStart of year $11,848$0
X-3 Pledges and grants receivableStart of year $39,154$189,168
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $48,601$38,097
X-10c Land, buildings and equipment, netStart of year $11,204$7,025
X-11 Publicly traded securitiesStart of year $13,454,111$14,548,726
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $14,250,175$15,530,777
X-17 Accounts payable and accrued expensesStart of year $2,141,371$1,569,705
X-19 Deferred revenueStart of year $125,684$162,537
X-26 Total liabilitiesStart of year $2,417,347$1,732,242
X-27 Net assets without donor restrictionsStart of year $504,607$537,743
X-28 Net assets with donor restrictionsStart of year $11,328,221$13,260,792
X-32 Total net assets or fund balancesStart of year $11,832,828$13,798,535
X-33 Total liabilities and net assetsStart of year $14,250,175$15,530,777
Part XI · Reconciliation of net assets $13,798,535 net assets at year end
XI-1 Total revenue$2,553,186
XI-2 Total expenses$1,647,466
XI-3 Revenue less expenses$905,720
XI-4 Net assets at start of year$11,832,828
XI-5 Net unrealized gains (losses) on investments$1,059,987
XI-10 Net assets at end of year$13,798,535

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

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