2025-01-17T08:03:52-08:00 2024-06-30 752593210 Sutton Frost Cary LLP 200 E Front St Suite 200 Arlington TX 76011 990 2023-07-01 752756537 GRAPEVINE-COLLEYVILLE ISD EDUCATION FOUNDATION GRAP 8172515480 3051 IRA E WOODS AVENUE GRAPEVINE TX 76051 KIM FARBISZ President 2025-01-17 true true Carroll Elizabeth Arnott P01965628 8176498083 2023 2024-10-15 13:58:12Z JANE RICHARDS 3051 IRA E WOODS AVENUE GRAPEVINE TX 76051 1378585 false X WWW.GCEDFOUNDATION.ORG X 1998 TX Our mission is to provide community-based resources in pursuit of excellence in education, teaching, and innovation in the classroom. 21 21 3 30 0 329476 268152 32907 30284 104256 147031 -3284 -2642 463355 442825 99967 182347 0 139237 142881 0 67546 182584 107274 421788 432502 41567 10323 2504421 2609339 173054 127334 2331367 2482005 Our mission is to provide community-based resources in pursuit of excellence in education, teaching, and innovation in the classroom. false false 307705 157247 THE FOUNDATION MANAGES A PERMANENT ENDOWMENT TO SUPPORT CAMPUS ACTIVITIES, SCHOLARSHIPS, AWARDS, AND OTHER GRANT PROGRAMS. THE ENDOWMENT IS INVESTED IN PUBLICLY TRADED MARKETABLE SECURITIES MANAGED BY PROFESSIONAL INVESTMENT ADVISORS. AN INVESTMENT COMMITTEE MADE UP OF BOARD MEMBERS AND OTHER VOLUNTEERS HIRE THE INVESTMENT ADVISORS AND OVERSEE INVESTMENT AND SPENDING POLICIES. ENDOWMENT EARNINGS ARE UTILIZED FOR THE PURPOSE INTENDED BY THE DONORS. 25100 25100 30284 Grants were awarded for classroom, school or district-wide projects within GCISD. These grants are funded by annual campaign donations, net proceeds from special events, and donor designated contributions. Grant proposals are evaluated by a volunteer committee of Board members and community volunteers. In addition, the Foundation hosted two special events: a luncheon to welcome newly-hired teachers, and an Academic Recognition Banquet honoring top-ranked graduating seniors, distinguished teachers, and the GCISD teachers and paraprofessional of the year. THE FOUNDATION ADMINISTERS A CORPORATE SPONSORSHIP/SPORTS MARKETING PROGRAM ON BEHALF OF THE SCHOOL DISTRICT. 332805 true true false false false false false false false true false false false false false true true false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false true 1 0 true 3 true false false false false false true true false 0 false false false false false false false X 21 21 false false false false false false false true true false false true true true true true true true true false X KELLI GUYTAN 8174806902 3051 IRA E WOODS AVENUE GRAPEVINE TX 76051 JANE RICHARDS Executive Dir. 40.00 0.00 X 82500 0 0 LAVON BOLECH Secretary 1.00 0.00 X X 0 0 0 DAVID CRAWFORD Director 1.00 0.00 X 0 0 0 RUTH ANN MEEK Treasurer 1.00 0.00 X X 0 0 0 LEANN BROWN Director 1.00 0.00 X 0 0 0 STEVE HALEY Director 1.00 0.00 X 0 0 0 KIM DOBECKA Director 1.00 0.00 X 0 0 0 RODERICK CAPELO Director 1.00 0.00 X 0 0 0 LEON LEAL Director 1.00 0.00 X 0 0 0 IVA MISHRA Director 1.00 0.00 X 0 0 0 JEANNIE O'NEIL Director 1.00 0.00 X 0 0 0 LISA PARDO Vice President 1.00 0.00 X X 0 0 0 TRACI HUTTON Director 1.00 0.00 X 0 0 0 KIM FARBISZ PRESIDENT ELECT 1.00 0.00 X X 0 0 0 RACHAEL ABELL Vice President 1.00 0.00 X X 0 0 0 JENNIFER HIBBS Director 1.00 0.00 X 0 0 0 ANA ERWIN Director 1.00 0.00 X 0 0 0 DEWAYNE SMART Vice President 1.00 0.00 X X 0 0 0 CHELSEA ROSE Director 1.00 0.00 X 0 0 0 ROBYN SCOTT Director 1.00 0.00 X 0 0 0 KAREN DEAKIN President 1.00 0.00 X X 0 0 0 CAROLYN SIMS Director 1.00 0.00 X 0 0 0 82500 0 false false false 0 71852 196300 9702 268152 PROGRAM INCOME 900099 30284 30284 30284 85539 85539 0 0 0 971310 909818 61492 61492 61492 23300 71852 25942 -2642 -2642 0 0 0 442825 30284 144389 157247 157247 25100 25100 0 0 82500 49500 9793 23207 0 50805 30483 6031 14291 0 0 9576 5745 1137 2694 0 0 24055 1040 12299 10716 0 0 18177 18177 13960 13960 1505 1350 155 2454 1227 1227 6294 2382 1034 2878 0 0 0 0 0 20471 20471 0 0 1704 1704 EVENT EXPENSES 9701 1623 64 8014 MISCELLANEOUS 3121 1634 89 1398 PUBLIC RELATIONS 2610 1255 1355 Printing and Publications 2594 1297 1297 628 314 314 432502 332805 32151 67546 130299 161194 110722 0 27868 898 0 0 0 0 0 3056 0 2235532 2444191 0 0 0 0 2504421 2609339 153054 113848 8000 12000 13486 173054 127334 X 638061 777104 1693306 1704901 2331367 2482005 2504421 2609339 10323 140315 X true X false true false X 318958 225228 244310 329476 268152 1386124 0 0 318958 225228 244310 329476 268152 1386124 140056 1246068 67382 50257 70760 81124 85539 355062 0 0 1741186 120998 0.71560 0.72220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1804178 20124 12244 20773 1815773 1698967 47316 57895 1804178 1641715 6210 60542 9500 1698967 1590672 23125 42893 14975 1641715 1477445 63095 50132 1590672 0.06100 0.76900 0.17000 false false false X 578753 140315 13790 154105 424648 18177 18177 442825 428115 13790 13790 414325 18177 18177 432502 Part X : FIN48 Footnote The Foundation is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Foundations exempt purposes is subject to tax under IRC Section 511. The Foundation had no unrelated business income for the year ended June 30,2024. Accordingly, no provision has been made for federal income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Foundations tax returns and recognition of a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of June 30, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. false GOLF TOURNAMENT 95152 71852 23300 500 20721 2079 2642 95152 71852 23300 500 20721 2079 2642 25942 -2642 true GRAPEVINE-COLLEYVILLE ISD 3051 IRA E WOODS AVE GRAPEVINE TX 76051 756001702 GOVERNMENT 11147 0 CAMPUS GRANTS GRAPEVINE-COLLEYVILLE ISD 3051 IRA E WOODS AVE GRAPEVINE TX 76051 756001702 GOVERNMENT 146100 0 EDUCATIONAL GRANTS 1 1 STUDENT SCHOLARSHIPS 21 19600 TEACHERS OF THE YEAR 2 5000 PARAPROFESSIONAL AWARD 1 500 Grantmaker's Description of How Grants are Used THE EDUCATION FOUNDATION RECEIVES A YEARLY REPORT FROM THE SCHOOL DISTRICT DETAILING THE USE OF FUNDS. Form 990, Part VI, Section B, Line 11b THERE ARE TWO LEVELS OF REVIEW OF THE FORM 990. THE EXECUTIVE DIRECTOR, BOARD TREASURER AND BOARD PRESIDENT REVIEW THE FORM 990 AND THEN IT IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c AT THE BEGINNING OF EACH FISCAL YEAR, EVERY BOARD MEMBER SIGNS THE CONFLICT OF INTEREST POLICY AND REPORTS ON ANY POTENTIAL CONFLICTS. THE BOARD PRESIDENT INQUIRES ABOUT CONFLICTS AT THE OPENING OF EACH MEETING. ANY POTENTIAL CONFLICTS ARE ANNOUNCED AND THEN RECORDED IN THE MEETING MINUTES. MEMBERS ABSTAIN FROM VOTING ON ISSUES WHERE A POTENTIAL CONFLICT MAY EXIST. Form 990, Part VI, Section B, Line 15a THE GOVERNANCE COMMITTEE DETERMINES COMPENSATION AND THEN GIVES ITS RECOMMENDATION TO THE FULL BOARD. THE BOARD THEN VOTES TO APPROVE COMPENSATION. Form 990, Part VI, Section B, Line 15b THE GOVERNANCE COMMITTEE DETERMINES COMPENSATION AND THEN GIVES ITS RECOMMENDATION TO THE FULL BOARD. THE BOARD THEN VOTES TO APPROVE COMPENSATION. Form 990, Part VI, Section C, Line 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII INCOME FROM FUNDRAISING EVENTS The net economic benefit from our fundraising event is calculated as follows:Contributions from fundraising event reported on Part VIII, line 1c $ 71,852Gross income from fundraising event reported on Part VIII, line 8a 23,300Less: Direct costs of event reported on part VIII, Line 8b (25,942) Net economic benefit of fundraising event $ 69,210