2026-08-11T11:01:39-05:00 2025-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2025-01-01 742914982 MIDWAY ISD EDUCATION FOUNDATION INC MIDW 2547615614 13885 WOODWAY DRIVE WOODWAY TX 767127621 ASHLEY FUTRIS EXECUTIVE DIRECTOR 2547615614 2026-08-10 1 SHARON M HERWALD CPA P00079864 2547724901 2025 2025-03-06 01:10:19Z ASHLEY FUTRIS 13885 WOODWAY DRIVE WOODWAY TX 767127621 451817 0 X WWW.MIDWAYISD.ORG X 1999 TX THE MISSION OF THE MIDWAY ISD EDUCATION FOUNDATION IS TO GENERATE AND DISTRIBUTE RESOURCES TO THE MIDWAY INDEPENDENT SCHOOL DISTRICT FOR CREATIVE OR INNOVATIVE PROGRAMS AND PROJECTS THAT ENHANCE THE QUALITY OF EDUCATION FOR OUR STUDENTS. 24 24 1 29 0 0 443996 365078 0 0 108978 86739 1806 0 554780 451817 229945 180905 0 0 31311 31996 0 0 321 92839 69967 354095 282868 200685 168949 4169067 4700831 4713 15315 4164354 4685516 X THE MISSION OF THE MIDWAY ISD EDUCATION FOUNDATION IS TO GENERATE AND DISTRIBUTE RESOURCES TO THE MIDWAY INDEPENDENT SCHOOL DISTRICT FOR CREATIVE OR INNOVATIVE PROGRAMS AND PROJECTS THAT ENHANCE THE QUALITY OF EDUCATION FOR OUR STUDENTS. 0 0 170944 170500 CLASSROOM GRANT PROGRAMS - THE FOUNDATION PROVIDES FUNDS TO ENHANCE EDUCATIONAL PROGRAMS AND ACTIVITIES THAT ARE OUTSIDE THE SCOPE OF THE TYPICAL SCHOOL BUDGET. GRANTS FOR GREAT IDEAS ALLOWS CLASSROOM TEACHERS TO REQUEST FUNDS TO IMPLEMENT CREATIVE AND INNOVATIVE LEARNING PROGRAMS AT ALL CAMPUSES IN THE MIDWAY INDEPENDENT SCHOOL DISTRICT. GRANTS ARE NOT PAID TO THE INDIVIDUAL TEACHERS, BUT TO THE DISTRICT ITSELF. SIXTY-THREE GRANTS TOTALING $176,765 WERE AWARDED IN 2025 AND UTILIZED ON ALL CAMPUSES WITHIN THE DISTRICT. 34097 SHOWCASE OF STARS ACADEMIC RECOGNITION PRESENTATION - HONORS THE HIGHEST-ACHIEVING SCHOLARS FROM THE CURRENT SENIOR CLASS. EACH STUDENT SELECTS A TEACHER FROM THE DISTRICT WHO HAS MADE THE BIGGEST IMPACT ON THEIR ACADEMIC SUCCESS. FIFTY SENIOR SCHOLARS WERE HONORED ALONG WITH FIFTY TEACHERS AT THE 2025 PRESENTATION. 2406 2406 ACADEMIC LETTER JACKETS - MIDWAY HIGH SCHOOL STUDENTS CAN LETTER IN ACADEMICS THROUGH THIS PROGRAM THAT HONORS STUDENTS WHO CONSISTENTLY ACHIEVE HIGH GRADE POINT AVERAGES. STUDENTS MAINTAINING A GPA OF 95 OR HIGHER FOR THREE CONSECUTIVE SEMESTERS RECEIVE AN ACADEMIC PATCH. STUDENTS QUALIFYING FOR THIS HONOR FIVE SEMESTERS IN A ROW MAY EARN ANOTHER PATCH OR A LETTER JACKET IF THEY DO NOT ALREADY OWN ONE. DURING 2025, 35 ACADEMIC LETTER JACKETS, 65 ACADEMIC PATCHES AND SEVEN SPECIAL OLYMPICS JACKETS WERE AWARDED. 8066 7999 MULTIPLE SCHOLARSHIP PROGRAMS 8089 OTHER ALUMNI/TEACHER/ STUDENT RECOGNITION PROGRAMS 16155 7999 223602 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 TX X ASHLEY FUTRIS 2547615614 13885 WOODWAY DRIVE WACO TX 76712 X ERIN DUBOIS PAST PRESIDENT 1.00 X X 0 0 0 JAMES RAINEY PAST PRESIDENT 1.00 X X 0 0 0 JORDAN BARRY PRESIDENT 1.00 X X 0 0 0 ALISSA CADY VP - DEVELOPMENT 1.00 X X 0 0 0 ANNA JOHNSON VP - SPECIAL EVENTS 1.00 X X 0 0 0 KEVIN POYNTER VP - ADMINISTRATION 1.00 X X 0 0 0 GLENDA STRUM SECRETARY 1.00 X X 0 0 0 MOLLY RIEGER TREASURER 1.00 X X 0 0 0 BRAD ALFORD DIRECTOR 1.00 X 0 0 0 SCOTT BLAND DIRECTOR 1.00 X 0 0 0 RAYNOR CAMPBELL DIRECTOR 1.00 X 0 0 0 CARRIE MADDUX DIRECTOR 1.00 X 0 0 0 KRISTI MILLER DIRECTOR 1.00 X 0 0 0 STEVE FISCHER DIRECTOR 1.00 X 0 0 0 JOHNATHAN GREEN DIRECTOR 1.00 X 0 0 0 EMILY CREW DIRECTOR 1.00 X 0 0 0 NICOLE REYNOLDS DIRECTOR 1.00 X 0 0 0 KRISTY BOYD DIRECTOR 1.00 X 0 0 0 KATIE TALBERT DIRECTOR 1.00 X 0 0 0 BECKY KRAMM DIRECTOR 1.00 X 0 0 0 ERIC SHERO DIRECTOR 1.00 X 0 0 0 CAITLIN MCCOY DIRECTOR 1.00 X 0 0 0 BEKA GROSS DIRECTOR 1.00 X 0 0 0 RUSSELL JONES DIRECTOR 1.00 X 0 0 0 MARK WALSH DIRECTOR 1.00 X 0 0 0 ASHLEY FUTRIS EXECUTIVE DIRECTOR 40.00 X X 48433 0 3788 48433 0 3788 0 0 0 0 0 365078 29917 365078 86739 86739 451817 0 0 86739 170500 170500 10405 10405 29722 29722 2274 2274 7000 7000 10394 10394 45553 39717 5515 321 4309 2980 1329 2418 2418 BAD DEBT EXPENSE 293 293 282868 223602 58945 321 123778 300599 3960174 4318164 85115 82068 4169067 4700831 4713 15315 4713 15315 X 4005836 4507751 158518 177765 4164354 4685516 4169067 4700831 168949 370244 -18031 0 X X 0 1 X 1 0 X 363250 386333 413670 457886 365078 1986217 363250 386333 413670 457886 365078 1986217 1986217 26495 22639 62453 108978 86739 307304 2293521 0.86600 0.88350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 152 6000 176765 0 1 3980751 82807 455972 180584 4338946 3410616 113890 505130 48885 3980751 2701432 120040 599339 10195 3410616 3037503 123353 -444601 14823 2701432 2634192 101663 315090 13442 3037503 0.95930 0.04070 0 0 0 X 829439 370244 25409 395653 433786 18031 18031 451817 308277 25409 25409 282868 0 282868 PART V, LINE 4: TO PROVIDE FUNDS FOR FUTURE PROGRAM COSTS OR TO USE EARNED INTEREST TO SUPPLEMENT ANNUAL INCOME IF NEEDED. PART X, LINE 2: THE FOUNDATION HAS BEEN GRANTED EXEMPTIONS FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2025. THE FOUNDATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE OFFICE OF THE STATE'S ATTORNEY GENERAL FOR THE STATE OF TEXAS. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AFTER THREE YEARS. 1 MIDWAY ISD 13885 WOODWAY DRIVE WOODWAY TX 76712 746001082 170500 0 TO ASSIST WITH EDUCTIONAL EXPENSES NOT PROVIDED FOR WITHIN THE MIDWAY ISD'S ANNUAL BUDGET. FIRST YEAR TEACHER INITIATIVE 19 2774 RISING STAR AWARD 1 250 STUDENT LETTER JACKETS, BLANKETS & PATCHES 63 2406 FMV STUDENT LETTER JACKETS,BLANKETS, PATCHES SCHOLARSHIPS- GROW YOUR OWN 2 1975 MOSS SCHOLARSHIP TO TEACHER 1 3000 PART I, LINE 2: STAFF MEMBERS CAN APPLY FOR GRANTS ONCE A SEMESTER. ONCE GRANTS ARE REVIEWED AND SELECTED, THE DESIGNATED AMOUNT OF FUNDING IS REQUISITIONED FOR PAYMENT TO THE SCHOOL DISTRICT. STAFF MEMBERS CAN ONLY PURCHASE ITEMS ON THE APPROVED BUDGET PAGE OF THEIR GRANT. GRANT WINNERS MUST SUBMIT A WRITTEN EVALUATION OF THE GRANT PROGRAM AND HOW THE FUNDS WERE SPENT WITHIN 6 MONTHS OF RECEIPT. X 80 13306 FMV X GIFT CARDS 1327 14182 FMV X PRIZES AND AWARDS 1 2000 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B EXECUTIVE DIRECTOR REVIEWS THE FORM 990 AND A COPY IS DISSEMINATED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C PROFESSIONAL AFFILIATIONS ARE MONITORED BY THE FOUNDATION EXECTUTIVE DIRECTOR. IF CONFLICTS OF INTEREST ARE ENCOUNTERED, THE EXECUTIVE COMMITTEE REVIEWS THE SITUATION FOR A POTENTIAL CONFLICT OF INTEREST AND ASKS THE DIRECTOR(S) INVOLVED TO REFRAIN FROM VOTING ON ANY ISSUES INVOLVING THE COMPANY WITH WHICH THEY ARE AFFILIATED. FORM 990, PART VI, SECTION B, LINE 15B ADMINISTRATIVE ASSISTANT'S PERFORMANCE IS REVIEWED BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR RECOMMENDS A SALARY TO THE EXECUTIVE COMMITTEE, WHO VOTES. THE EXECUTIVE DIRECTOR IS PAID AND SUPERVISED BY MIDWAY ISD, NOT BY THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII DIRECTOR KATHLEEN MINSHEW IS THE STAFF REPRESENTATIVE FOR MIDWAY ISD. SHE RECEIVES COMPENSATION FROM THE SCHOOL DISTRICT FOR HER SERVICES AS AN INSTRUCTOR ONLY, NOT FOR HER SERVICES AS A DIRECTOR FOR THE FOUNDATION. FORM 990, PART VII EXECUTIVE DIRECTOR SUSAN (SUZI) PAGEL SERVES AS FOUNDATION DIRECTOR AND AS DIRECTOR OF CORPORATE AND COMMUNITY DEVELOPMENT FOR MIDWAY ISD. MS. PAGEL IS PAID 100% BY THE DISTRICT FOR HER SERVICES, BUT SPENDS APPROXIMATELY 49% OF HER TIME SERVING AS EXECUTIVE DIRECTOR OF THE FOUNDATION. THE COMPENSATION AMOUNTS REPORTED ON SECTION A, COLUMN D AND COLUMN F ARE 49% OF HER REPORTABLE W-2 WAGES AND OTHER COMPENSATION, RESPECTIVELY. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS OF THE AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.