Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1996.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
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
18 people listed on the 990; $88K paid to officers and key staff.
Alex Martin’s $88K as Executive Director is at the 24th 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Alex Martin | $88,254 | $83,765 | $82,500 | — | — |
| Kathy Lanier | — | — | — | $82,500 | $83,875 |
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 15aYes
Programs and updates
Gives financial aid to teachers and students in Carroll Independent School District.
Questions for Carroll Education Foundation INC
Your first name shows with your question. Carroll Education Foundation INC answers here, for everyone.
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Carroll Education Foundations Teacher Fund supports and highlights educators across all 11 campuses. In particular we fund End of the Year Appreciation Gifts for all classroom Teachers. A financial gift is given to every classroom teacher, including librarians, CARE, ESL and SPED teachers at the end of the school year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $262K | $325K |
| InvestmentsLn 11–13 | $278K | $169K |
| Total assetsLn 16 | $541K | $494K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $541K | $494K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $873K | $873K | ||
| Grants to domestic individualsLn 2 | $3K | $3K | ||
| Pay of current officers, directors and key staffLn 5 | $88K | $34K | $2K | $52K |
| Other salaries and wagesLn 7 | $49K | $0 | $49K | $0 |
| Payroll taxesLn 10 | $10K | $3K | $4K | $4K |
| Accounting feesLn 11c | $7K | $0 | $7K | $0 |
| Advertising and promotionLn 12 | $100 | $0 | $0 | $100 |
| Office expensesLn 13 | $3K | $0 | $3K | $0 |
| Information technologyLn 14 | $8K | $4K | $0 | $4K |
| OccupancyLn 16 | $24K | $0 | $24K | $0 |
| Conferences, conventions and meetingsLn 19 | $2K | $0 | $150 | $2K |
| InsuranceLn 23 | $2K | $0 | $2K | $0 |
| Other expenses (24a–d)Ln 24 | $282K | $255K | $27K | $0 |
| Total functional expensesLn 25 | $1.4M | $1.2M | $117K | $62K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.3M | $1.4M | −$47K | $494K | 990 PDF |
| FY2024 | $790K | $866K | −$76K | $541K | 990 PDF |
| FY2023 | $755K | $748K | $7K | $639K | 990 PDF |
| FY2022 | $735K | $937K | −$203K | $635K | 990 PDF |
| FY2021 | $749K | $925K | −$177K | $988K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,304,807 revenue, 12 lines filed
Part VI · Governance 17 of 17 board members independent, 1 to look at
Part VIII · Statement of revenue $1,304,807 across 7 lines filed
Part IX · Statement of functional expenses $1,351,391 across 13 lines filed
Part X · Balance sheet $493,966 assets, 7 lines filed
Part XI · Reconciliation of net assets $493,966 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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